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We regularly curate the latest insights and reports provided by and in collaboration with our partners and stakeholders to create the largest platform for knowledge-sharing and development within the world’s insurance industry.
IDF Launches Strategy with BlackRock to Drive Investment in Resilient Infrastructure
The Insurance Development Forum has launched a new with BlackRock to drive investment in resilient infrastructure with the aim to strengthen vulnerable communities against climate risks and natural disasters
Brazilian Insurtech Akad Raises US$22.5M in Series A Funding Round
Brazilian insurtech startup Akad has successfully raised US$22.5 million in Series A funding, with Valor Capital Group and Across Capital serving as co-leads in the investment round.
MetLife Pet Insurance Partners with Association of Animal Welfare to Boost Pet Care Advocacy
MetLife Pet Insurance has announced a collaborative effort with the Association of Animal Welfare Advancement (AAWA) aimed at supporting pet owners in their journey of caring for their beloved animals.
Novidea Raises Additional US$30 Million from HarbourVest Partners, Total Funding Reaches $120 Million
Novidea, the pioneer of cloud-based, data-driven enterprise insurance management platforms, has raised an additional US$30 million from HarbourVest Partners.
Lemonade Launches Homeowners Insurance in France
Lemonade, the digital insurance company powered by AI and social impact, today announced the launch of Homeowners insurance in France in partnership with BNP Paribas Cardif.
Cytora Partners with TradeAtlas to Boost Marine Insurance Risk Assessment
In a significant move towards enhancing risk assessment in marine insurance, Cytora, a prominent digital risk processing platform, has joined forces with TradeAtlas, a global trade data company.
Munich Re Automation Solutions Announces Partnership with American Family Life Insurance Company
Munich Re Automation Solutions and American Family Life Insurance Company have announced a strategic partnership, with American Family Life Insurance Company adopting ALLFINANZ NOVA, Munich Re’s cloud-based automated underwriting and analytics solution.
kWh Analytics Boosts Renewable Energy Project Coverage in Partnership with Aspen Insurance
kWh Analytics, Inc., a leading provider of climate insurance solutions, has announced a significant expansion of its capacity agreement with Aspen Insurance (“Aspen”) to bolster its property insurance offerings for renewable energy projects.
Verisk Launches Next Generation Models Transforming Catastrophe Risk Assessment
Verisk, a prominent global data analytics and technology provider, has introduced a groundbreaking advancement in global catastrophe modeling and risk analysis with the debut of Verisk’s Next Generation Models (NGM).
Zurich Insurance Implements Stricter Policies on Fossil Fuel Projects
Zurich Insurance Group AG has announced significant changes to its underwriting policies, revealing it will no longer support new oil and gas ventures and will tighten scrutiny on clients looking to expand into metallurgical coal mining.
Insurtech Startup Honey Insurance Secures US$108 Million Series A Funding
Australian insurtech startup Honey Insurance, has raised US$108 million in its Series A funding round, attracting significant interest from investors in the United States.
Lemonade Enters Fronting Arrangement with Home State Insurance Group
Lemonade, the digital insurance company known for its innovative approach to insurance, has entered into a fronting arrangement with Home State Insurance Group.
Arch Capital Group to Acquire Allianz’s US MidCorp and Entertainment Insurance Businesses for US$450 Million
Arch Insurance North America, a division of Arch Capital Group, is set to acquire Allianz Global Corporate & Specialty’s US MidCorp and Entertainment insurance businesses.
AXA and AWS Partner on New Global B2B Risk Management Platform
AXA, a global leader in insurance and asset management, has partnered with AWS (Amazon Web Services), a subsidiary of Amazon.com, Inc. to develop the AXA Digital Commercial Platform (DCP) and associated software services.
Canadian Insurance Broker Summit, Raises US$3.5 Million in Seed Funding
Canadian insurance sector, Summit, a burgeoning insurance brokerage, has successfully raised US$3.5 million in Seed funding.
First Street and Optalitix Partner to Boost Insurance Underwriting with US Climate Risk Data
Leading provider of physical climate risk data, First Street, has joined forces with Optalitix, a specialist in data analytics solutions, to integrate its unique US datasets into insurance underwriting processes.
Generali Expands Portfolio with Acquisition of Global Asset Manager
Generali Investments Holding S.p.A. (GIH), a key player in the investment sector and a subsidiary of Generali Group, has announced the acquisition of Conning Holdings Limited (Conning), a prominent global asset manager.
Howden Tiger to Rebrand as Howden Re
Howden Tiger, the global reinsurance division of Howden, is set to undergo a rebranding, changing its name to Howden Re, effective April 8, 2024.
Howden Acquires Brokerage Group, OFRACAR, Bolstering French Presence
Howden has solidified its foothold in France through the acquisition of OFRACAR, a leading brokerage group headquartered in Rouen.
Aviva Launches Aviva MyDrive for Safer Driving and Potential Insurance Savings
Aviva has rolled out Aviva MyDrive, a new telematics feature within its main app, designed to promote safer driving habits and offer potential discounts on car insurance premiums.
Seguros Banorte Achieves Digital Transformation Milestone Through Partnership with Equisoft
In a landmark move toward digital transformation, Seguros Banorte, a leading insurance provider in Mexico, has successfully implemented Equisoft’s cutting-edge policy administration system (PAS).
CrashBay Secures US$1.25M Funding to Transform Collision Repair Connectivity
CrashBay, the pioneering digital marketplace for collision repair solutions, has announced the successful closure of a $1.25 million funding round. Spearheaded by venture capital firm Markd, this funding round also saw participation from key figures in the collision and insurance industries.
EMPOWERING INSURANCE: Capgemini’s Samantha Chow Charts the Future of Life and Health Insurance
As Global Leader for the Life Insurance, Annuities and Benefits sector for Capgemini, Samantha Chow has a unique view of the industry. Insurtech Insights finds out more.
Swiss Re Announces CEO Transition: Andreas Berger to Succeed Christian Mumenthaler
Swiss Re has revealed a significant leadership transition. In a statement released today, the Board of Directors has appointed Andreas Berger as the new Group Chief Executive Officer, effective from July 1, 2024.
Artificial Intelligence: Exploring Risks and Rewards
Karim Derrick of Kennedys IQ explores the risks and rewards as the sector looks to an AI future.
Voya Financial Partners with Empathy to Introduce On-Demand Bereavement Support in Workplace
Voya Financial, Inc. has announced a partnership with Empathy, an all-encompassing, on-demand concierge support system designed to assist grieving families in navigating the myriad of challenges following the loss of a loved one.
M2 Recovery Launches World’s First Insurance Policy for Crypto Asset Recovery Legal Costs
M2 Recovery has launched a groundbreaking insurance policy, marking the world’s first initiative to cover legal expenses associated with reclaiming stolen cryptocurrencies.
Devonshire Officially Launches, Specialising in Transactional Risk Solutions
London-based Managing General Agent (MGA) Devonshire has formally announced its market debut, focusing on underwriting transactional risk solutions.
Coalition Insurance Company Expands Quoting Coverage to all 50 US States
Cyber insurtech Coalition has revealed that its full-stack carrier, Coalition Insurance Company (CIC), is now providing quotes for its admitted cyber product across the entire United States.
EY Attains Guidewire Migration Acceleration Specialisation to Expedite Insurers’ Transition to Guidewire Cloud
Guidewire has announced that Ernst & Young LLP (EY), a prominent member of Guidewire PartnerConnect Consulting and a Global Premier partner, has successfully obtained the prestigious global Migration Acceleration Specialisation.
LEADERSHIP SPOTLIGHT: Pinpoint Predictive CEO, Scott Ham on Innovation in Insurance
Leveraging new intelligence is game-changing and predictive analytics can help provide a path to profitability in the increasingly complicated world of insurance, says Scott Ham.
AXA UK Launches ‘We Care’ Programme to Enhance Employee Support Across Life Stages
AXA UK has announced the launch of its employee benefits programme ‘We Care’ as part of a larger global effort by AXA Group to provide comprehensive health and wellness assistance tailored to employees at various stages of life and during significant life events.
Natural Disasters Cause US$65 Billion Economic Losses in Asia Pacific in 2023, Aon Reports
Aon, a leading global professional services firm, has released its 2024 Climate and Catastrophe Report, providing crucial insights into the impact of natural disasters and climate trends worldwide and specifically within the Asia Pacific region.
SydeLabs Raises US$2.5m to Solve Security and Risk Management for Generative AI
Security and risk management startup SydeLabs announced their seed funding round of $2.5m to build solutions aimed at securing GenAI systems for enterprises.
Dina Försäkringar Partners with Safestate and CyberScout to Strengthen Cyber Insurance Services
Dina Försäkringar, a leading insurance provider, has announced a strategic partnership with Safestate and CyberScout, two prominent names in the cyber insurance industry.
Genasys announces its latest core platform release – Genasys Unify
Genasys, the leading provider of insurance administration software, today announced Genasys Unify, a major update to the core Genasys platform.
Oka Raises US$10 Million in Funding for Carbon Credit Insurance
Oka, a leading provider of carbon credit insurance, announced the successful completion of a $10 million funding round.
Lloyd’s Leaders: Baltimore Bridge Incident will Showcase Insurance Value
In response to the recent collapse of the Baltimore bridge, Leaders from Lloyd’s, the renowned insurance and reinsurance marketplace, expressed optimism about the industry’s ability to demonstrate the value of insurance.
Indonesian Insurtech Firm Qoala Raises US$47 Million in Funding Round
Qoala, a prominent Indonesian insurance startup, has successfully closed a funding round, raising an impressive US$47 million.
Chubb Launches Groundbreaking HealthTech Industry Practice in the UK
Leading insurance provider Chubb has unveiled its latest innovation with the launch of a specialised HealthTech industry practice in the United Kingdom.
Lloyd’s Achieves Remarkable Performance in 2023 Results
Lloyd’s has unveiled its Full Year 2023 financial results, showcasing robust profitability across underwriting and investment activities, and a formidable financial position.
Chubb Launches Innovative Flood Quoting Platform
Chubb Personal Risk Services has introduced a cutting-edge self-service flood insurance system, aiming to streamline operations for agents and enhance customer experience within its personal lines business.
Marsh Launches US$825 Million Insurance Facility for Custodians of Digital Assets
In a move reflecting the evolving landscape of digital finance, Marsh has unveiled a groundbreaking insurance facility tailored specifically for custodians of digital assets, including financial institutions.
German Insurtech Startup ELEMENT Raises €50 Million in Funding Round
German insurtech startup ELEMENT has secured €50 million in funding from Versorgungswerk der Zahnärztekammer Berlin K.d.ö.R. and Alma Mundi.
STARTUP STORY: The CareVoice CEO, Sebastien Gaudin, talks Healthtech, Trust and Transformation
Sebastien Gaudin is the passionate leader, Co-founder & CEO of The CareVoice, a groundbreaking digital health platform that has just completed its Series B funding round – raising an impressive US$10 million in the process.
HSB Launches Cyber Insurance for Automobiles
Specialty insurer HSB has announced the launch of Cyber for Auto, an innovative coverage aimed at safeguarding personal data stored within connected vehicles against cyber attacks.
Sertis Raises $3.2 Million in Funding Round Led by JLL Spark Global Ventures
Sertis, a Managing General Agent (MGA) specialising in property owner coverage, has successfully secured $3.2 million in a recent funding round.
Hippo’s First Connect Insurance Celebrates 100-Carrier Milestone
In a significant milestone for the home insurance industry, Hippo’s First Connect Insurance Services has achieved a remarkable feat by reaching the 100-carrier milestone.
Cytora and Chimnie Partner to Launch AI-Powered Property Data to Home Insurers
Cytora, a leading digital risk processing platform, has joined forces with Chimnie, the UK’s premier property data bureau, in a strategic partnership aimed at revolutionizing property insurance decision-making.
Insurtech Qover Partners with Rewards Credit Card Yonder to Offer Enhanced Travel Insurance Experience
Qover, a leading insurtech specialising in embedded insurance orchestration, has unveiled its collaboration with UK-based credit card fintech, Yonder, to deliver a seamless and comprehensive travel insurance solution to its members.
YASSI Joins Guidewire’s Insurtech Vanguards Programme
Yotta Automated Software Solutions Inc. (YASSI), a company renowned as the premier platform for real-time vehicle lienholder, registration, and title data, has announced its participation in Guidewire’s Insurtech Vanguards programme.
Coalition Boosts Cyber Insurance Policies with Affirmative Artificial Intelligence Endorsement
Coalition has unveiled a new addition to its US Surplus and Canada Cyber Insurance policies: the Affirmative Artificial Intelligence (AI) Endorsement.
EIS Launches New Cloud Solution Redefining Claims Management – ClaimSmart
EIS has introduced ClaimSmart, a cutting-edge cloud solution poised to transform the claims management landscape.
NFP Expands Employee Benefits Portfolio with Acquisition of Get Medical Plans
NFP has acquired Get Medical Plans Limited, an expert intermediary specialising in health insurance solutions in a move that aims to strengthen NFP’s foothold in the private medical insurance market.
Verisk and Seek Now Collaborate to Transform Property Insurance Claims Processing
Verisk has partnered with Seek Now to transform the claims assessment procedure within the property insurance domain.
Marsh Launches New Cyber Solution Edgware Re
Marsh has launched a new cyber solution via the establishment of Edgware Re, a group captive insurance company.
LEADERSHIP SPOTLIGHT: Ash Jokhoo, Group CIO for Direct Line Group
As the Group CIO for the UK’s Direct Line Group, Ash Jokhoo is relishing the transformational challenge the role brings. Insurtech Insights finds out more.
Record Year for Delegates at Insurtech Insights Europe, 2024
Insurtech Insights Europe has experienced its busiest year yet, with more than 6,000 insurance industry delegates pouring through the doors for the fifth edition of the annual conference.
How will Generative AI impact the society of tomorrow?
Global insurance leader MAPFRE proposes four scenarios and the role that the insurance industry will play in them
Buddy Advances E-Commerce in the Insurance Industry as a Stripe Platform Partner
Buddy, a pioneering insurtech leading the future of embedded insurance, today announced that they have become a Stripe platform partner in order to introduce novel e-commerce capabilities for the insurance sector.
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