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Wysh Life to Partner with Q2, Integrating Digital Banking Platform
Wysh Life and Health Insurance Company has announced the integration of its Life Benefit product with Q2’s Digital Banking Platform through the Q2 Partner Accelerator Program.
NexPhase Capital Announces Investment in Insurance Systems Inc.
NexPhase Capital, LP, announced it has made an investment in Insurance Systems in Insurance Systems Inc, one of the oldest insurtechs providing enterprise software solutions, to the P&C insurance industry.
Allianz Launches Home Insurance Product for UK Market
Allianz has announced it is launching a new home insurance product to provide more choice to UK homeowners, in line with its strategic aims to grow in the UK.
Katapult launches Katapult Layoff Insurance Partnering with Harmonic Financial
Katapult, an e-commerce centred financial technology company, has announced it is launching Katapult Layoff Insurance, which will be powered by Harmonic Financial Technology.
Ambac Acquires 60% Controlling Interest in Beat Capital Partners
Ambac Financial Group, the Insurance holding company has agreed to acquire 60% controlling interest in London-based insurer and MGA Beat Capital Partners for $282 million.
Lloyd’s to Open New Office in Miami, Strengthening Presence in Americas
Lloyd’s has announced it is opening a new office in Miami from September 1st 2024, strengthening its LATAM and Caribbean presence.
Steadily to Partner with Tractic.Io Streamlining Landlord Insurance
Steadily, a Texas-based provider of property insurance for landlords, has partnered with Tractic.io, a leading Real Estate and PropTech SaaS platform, to enhance and streamline landlord insurance for real estate investors.
Miller Acquires Bruzon Insurance
Miller Insurance Services, the specialist reinsurance broker, announced it is acquiring Madrid- based broker Bruzon, marking its second Continental European acquisition as the company seeks to expand its bespoke specialty model internationally.
Continuity Closes Successful €10 million Series A Round
Continuity, an insurtech using artificial intelligence and external data for professional and commercial P&C insurers, has announced a successful €10 million Series A funding round.
The Baldwin Group Launches Cyber Navigator
The Baldwin Group, an independent insurance distribution firm has today announced the launch of Cyber Navigator – its Application Programme Interface (API) connected platform.
Understory Raises $15 Million Series A to Develop New Product for Renewable Energy Sector
Understory, a provider of insurance solutions against severe weather losses, has secured $15 million in a Series A funding round to develop a new product for the renewable energy sector.
Sixfold Closes $15 million Series A Round
Sixfold, a generative AI insurtech for underwriters, has raised $15 million in a Series A round.
Alta Signa to open Swiss Office, Continuing DACH Expansion
Alta Signa Europe B.V, a boutique European MGA has announced it is opening a new office in Switzerland as it seeks to expand in the DACH region.
AdvantageGo Partners with Expleo Ahead of the Blueprint Two Digital Transformation at Lloyd’s.
Advantage Go, a provider of commercial insurance and reinsurance software has announced it is partnering with Expleo, an engineering, quality assurance and digital transformation consultancy, ahead of the Blueprint Two digital transformation initiative at Lloyd’s.
Pen Underwriting Acquires Wrightway, Launching Operations on the Republic of Ireland
Arthur J. Gallagher has announced that its specialist underwriting subsidiary Pen Underwriting has acquired Irish-based MGA Wrightway Underwriting Limited .
AcceliCITY Resilience Challenge Announces 100 Smart CitySolutions
Leading Cities have announced the top 100 Smart City solutions which have been selected to advance in this year’s AccelliCITY Resilience Challenge, in partnership with QBE North America.
DA Strategy Supports Launch of Crux, a New Terrorism Delegated Underwriting Authority
Crux Risk Services (Crux), a new Managing General Agent (MGA) specialising in terrorism underwriting, has been approved as a Lloyd’s Coverholder.
NSM Insurance Group Acquires Strategic Underwriters International
NSM Insurance Group, a Global Specialty Insurance Provider, operating more than 25 niche insurance programmes, announced it has completed the acquisition of Strategic Underwriters International, an MGA in the casualty facultative reinsurance marketplace.
CoverGo launches new AI-Powered Distribution Platform
CoverGo, the no-code SaaS insurtech platform, today announced it is launching CoverGo Distribution, an AI-powered insurance platform for omni-channel distribution.
NER to Partner With KYCS Providing Enhanced Protection for Heavy Equipment
National Equipment Register (NER), a Verisk subsidiary, has announced it is partnering with KYCS, a leader in providing solutions for simplifying theft-recovery and asset identification, to provide security and recovery solutions for heavy equipment assets.
Simplicity Group Holdings acquires Plum Life
Simplicity Group Holdings, a financial product distribution firm, announced it has acquired Plum Life, a New Jersey based life-insurance startup which has raised nearly $8 million.
McKenzie Intelligence Services Leverages AI to Enhance its Disaster Response Capabilities
McKenzie Intelligence Services, a geospatial intelligence specialist, has developed an AI damage classifier to enhance its human-led damage assessments for insurers following catastrophic events.
Earnix Announces Partnership with Verisk
Earnix, a leading global provider of AI-based SasS solutions for financial services, has today announced it is entering a strategic partnership with Verisk, a leading global data analytics and technology provider.
Liberty Mutual Launches Life Sciences Industry Practice
Liberty Mutual, the diversified American Global Insurer, has announced it is forming a practice dedicated to serving the insurance needs of mid-sized life sciences companies.
Sompo Launches New Insurance Offering for Middle-Market Clients
Sompo, the UK insurer, has recently introduced a new insurance product aimed at middle-market clients.
Cosmo Connected to Partner with Allianz Partners Introducing Additional Insurance Coverages, Including Liability Coverage
Allianz Partners has announced it is partnering with Cosmo Connected, a French startup which offers helmets with integrated automatic brake lights, turn signal, fall detection and safety SMS alerts.
National Alliance for Insurance Education & Research Partners Launches Foundational Course for Insurtech Professionals
The National Alliance for Insurance Education and Research has announced it is partnering with BrokerTech Ventures to develop a foundational, self-taught course, titled “Introduction to Insurance for Insurtech Professionals.”
Sentry to Partner with Falvey Insurance Group, Expanding into Marine Cargo
Sentry, the Wisconsin based mutual insurance group, has announced it is partnering with Falvey Insurance Group offering admitted and non-admitted cargo capacity to Falvey’s broker partners.
Broadstone to Launch Dedicated Regulatory & Risk Advisory Division
Broadstone, a leading UK pensions employee benefits, investments and insurance consultancy has announced it is launching a standalone Insurance, Regulatory and Risk advisory division.
EMPOWERING INSURANCE: WTW Leaders Laura Doddington and Lauren Finnis on Challenges Facing Commercial and Personal Lines P&C Carriers
In our series highlighting influential female leaders in the insurance space, we talk to Laura Doddington and Lauren Finnis, seasoned industry leaders who bring expertise and innovative strategies to the insurance sector.
EMPOWERING INSURANCE: WTW Leaders Laura Doddington and Lauren Finnis on Challenges Facing Commercial and Personal Lines P&C Carriers
In our series highlighting influential female leaders in the insurance space, we talk to Laura Doddington and Lauren Finnis, seasoned industry leaders who bring expertise and innovative strategies to the insurance sector.
Great American Insurance Partners with Amwins Programme Underwriters
Great American Insurance Groups’s Ocean Marine Division has announced it is partnering with Amwins Programme Underwriters, (AMS) to provide coverage solutions via its marine cargo and stock throughput programme.
EPAM Publishes New Whitepaper on Underwriting Transformation
EPAM Systems, a leading global provider of digital platform engineering and development services, has released a whitepaper focused on the transformation of underwriting through advanced digital solutions.
USI Launches New Risk Control Platform PATH
USI Insurance, the New-York based insurance brokerage and consulting firm, has announced it is launching PATH, a proprietary technology-enabled risk control platform for clients.
Quantee to Partner with Zurich Insurance Group Leveraging AI to Enhance Pricing Strategies
Quantee, an insurtech specialising in dynamic pricing software, has announced it is partnering with Zurich Insurance Group to enhance their pricing strategies by leveraging Quantee’s innovative solutions.
HUB International Launches Hub Fleet Solutions Marketplace
Hub International announced it is launching Hub Fleet Solutions Marketplace, a digital platform which will offer products and services from vendors in fleet management, insurance, maintenance , technology and diagnostics.
Marsh Mclennan Acquires Perkins Insurance to Boost its Insurance Offerings in West Texas.
Marsh McLennan agency announced it has acquired Perkins Insurance Agencies, an independent agency based in Abilene, Texas as Marsh seeks to expand its offerings in West Texas.
PwC Accelerates AI Adoption with ChatGPT Enterprise in US and UK
PwC’s firms in the United States and the United Kingdom have entered into a landmark agreement with OpenAI, positioning PwC as OpenAI’s first reseller for ChatGPT Enterprise and its largest user to date.
inari to Launch New Underwriting Workbench at Insurtech Insights
inari, an insurtech providing core technology solutions to the global insurance and reinsurance industry, has announced it will be officially launching its new underwriting workbench product at Insurtech Insights USA.
1Fort uses AI-Specialty Insurance Market Place Targetted at Independent Brokers
1Fort, a New York-based specialty insurance brokerage, has launched a specialty insurance marketplace that uses AI which allows independent brokers to save time and place commercial risks.
QBE and Dual to Partner Developing a Specialised Builders Risk Programme
QBE North America announced it is partnering with DUAL North America division Catalytic Risk Managers & Insurance Agency to develop the Builders Risk Programme.
Everest Expands its Global Footprint Bringing its Operations to Mexico
Everest, the insurer and reinsurer domiciled in Bermuda, announced it has received approval to launch its operations in Mexico.
hyperexponential Appoints Risa Ryan to Drive Forward its US expansion
hyperexponential, a UK insurtech specialising in insurance pricing software has announced it has appointed Risa Ryan as head of US P&C as it seeks to accelerate its footprint and offerings in North America.
Habit Launches New Protection Solution for Recurring Payments
Habit, a Portuguese insurtech specialising in embedded insurance, digital and contextual distribution solutions, has announced the launch of a new protection solution for recurring payments / expenses: “Habit Bill Protection Insurance”.
Inszone Insurance Services Makes Third Acquisiton This Month, Acquires T Blackwell Insurance Group.
Inszone Insurance Services announced that it has acquired T Blackwell Insurance Group, as it Continues its Recent Spree of Deals
David Hearn Appointed Chairman of Global Client Strategy at Howden Re
Howden Re, the reinsurance and risk advisory arm of Howden Group announced today that David Hearn has been appointed as Chairman of Global Clients Strategy. Hearn joins the Group during a period of rapid growth.
Chubb Announces it is Unifying its Korean Brands under Lina
Chubb, the global insurance group has announced it is uniting its three Korean affiliates under the Lina brand, aiming to bring to synergies through the integration of the different brand identities.
LEADERSHIP SPOTLIGHT: Frank Perkins, CEO and Founder of inari
Insurtech Founder and CEO, Frank Perkins launched inari in 2017 to help legacy system-based insurance companies digitally transition. Insurtech Insights caught up with him to find out more.
Federal Bank’s Customers to Gain Access to Tata AIA Life Insurance’s Product Suite through Partnership
Federal Bank, one of the largest private banks in India has announced a Bancassurance partnership with Tata AIA Life Insurance Co Ltd, one of India’s pre-eminent life insurance companies. The alliance will allow the Bank’s customers to access Tata’s comprehensive insurance product suite.
Top Speaker Sessions Unveiled for Insurtech Insights USA 2024
Insurtech Insights USA 2024, the premier gathering for innovators and leaders in the insurance technology industry, is excited to announce its lineup of top speaker sessions taking place at the Javits Center on June 5th and 6th.
STARTUP STORY: Bluezone and Insuring the Uninsurable
UK-based doctor, Karan Mehta, is CEO and Founder of the brand new startup Bluezone, and is passionate about providing insurance solutions for the chronically ill.
Bowhead Specialty Partners with Kalepa’s Copilot to Optimise Underwriting Experience
Insurance underwriter Bowhead Specialty has announced it is deploying Kalepa’s Copilot underwriting platform to utilise its advanced AI for improved risk selection and optimal customer experience.
Ascend and Mylo Announce Strategic Partnership Driving Forward Insurance Industry
Ascend, a leading provider of financial operations automation software has announced it is partnering with insurtech leader Mylo connecting individuals and business owners with insurance products from over 100 carriers across multiple coverage lines.
FintechOS Completes $60 million Series B+ Round
FintechOS, a leading end-to-end financial product management platform, has announced it has completed a successful $60 million Series B+. The round was led by Molten Venture, Cipio Partners, and BlackRock alongside existing investors EarlyBird VC, OTB VC, and Gapminder VC.
Bindable to Partner with Honey Quote Enhancing Home Insurance Options for Floridians
Bindable, an insurtech focussed on alternative distribution solutions has announced it is partnering with HoneyQuote, a home insurance comparison tool which is reshaping the way homeowners buy insurance in Florida.
Mental Health Insurtech ifeel Raises US$20 Million in Series B
ifeel raises US$20 million to save millions in mental health-related disability, productivity and claims for insurance companies and corporates around the world
British Insurtech Bondaval Raises £15 million to Launch New Reinsurance Vehicle
Bondaval, a British insurtech which provides protection against payment defaults has secured backing from a leading European Venture Capital.
dacadoo Expands Digital Health Reach to Africa via Partnership with Stanmed.ai
dacadoo, a leading global healthtech vendor has announced its commitment to bringing its advanced technologies to Africa.
APOLLO Raises US$13.4 Million to Launch Buy-Now-Pay-Later Subsidiary Finshore
Canadian Insurtech APOLLO has raised US$13.4 million to establish its buy-now-pay-later (BNPL) subsidiary, Finshore. FinShore will provide a fully embedded monthly payment option to over 100,000 Canadians who are insured with Apollo.
Authentic Insurance Closes US$11 Million Series A Round
Authentic Insurance, a New-York based insurtech startup has raised US$11 million in a Series A funding round led by First Mark Capital, with participation from Slow Ventures, Altai Ventures, MGV, Upper90, and Commerce Ventures.
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