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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.
Zurich Collaborates with Klook to Enhance Airport Experience for Travellers
In a bid to transform the inconvenience of airport delays into comfortable waits, Zurich Insurance has partnered with Klook, a prominent player in the travel and leisure e-commerce sector, to introduce a groundbreaking service called FlyEasy.
Cyber Insurance Market Faces Mixed Outlook in 2024, According to OAC Insurance Risk Monitor
The global cyber insurance market is poised for another year of growth in 2024, but experts warn of increased risks lurking beneath the surface, reports the latest Insurance Risk Monitor by OAC, a leading actuarial consultancy.
The CareVoice Raises US$10 Million in Series B Round
The CareVoice (the “Company”), a leading global embedded health enabler for insurers, has announced the successful completion of its Series B funding, raising a total of nearly US$10 million, in a round led by Apis Insurtech Fund I (the “Fund”).
Kenyan Insurtech mTek Secures $1.25 Million Investment to Integrate AI into Operations
mTek, a leading online insurance platform based in Kenya, has raised US$1.25 million (KSh 167.8 million) in funding to boost its expansion efforts within the Kenyan and East African insurance markets.
Novidea Launches Enhancing Insurance Management Platform Across Global Markets
Novidea, a leading provider of cloud-based enterprise insurance management solutions, has announced its newest product release, showcasing significant enhancements tailored to meet the evolving needs of its diverse customer base worldwide.
Howden Group and SAFE Security Collaborate to Enhance Cyber Underwriting
Howden Group and SAFE Security have unveiled a strategic partnership aimed at enhancing cyber risk management for Howden customers.
Family Guardian Insurance Company adopts Equisoft/illustrate to Accelerate Digital Transformation
The integration of Equisoft/illustrate, a powerful insurance illustration software, streamlines sales processes and accelerates Family Guardian’s digital transformation.
Bitcoin Insurance and Custody Solution, AnchorWatch, Partners with Insly
AnchorWatch, a leading provider of regulated insurance and institutional-grade custody services for Bitcoin, has announced a strategic partnership with Insly to streamline its insurance software requirements.
Transforming Insurance Distribution in Europe: Embracing Data for Future of MGAs
In the dynamic landscape of the European insurance market, Managing General Agents (MGAs) are emerging as pivotal players, reshaping the distribution of Property and Casualty (P&C) insurance.
WTW Secures USAID Funding to Spearhead Climate Solutions
WTW has announced that the U.S. Agency for International Development (USAID) will provide it with funding to pioneer a groundbreaking climate-resilient insurance solution.
Insurtech UK Forges Alliance with J.P. Morgan Payments as Principal Banking Partner
Insurtech UK, the leading representative body for the British insurtech sector, has announced a significant collaboration with J.P. Morgan Payments, designating the esteemed financial institution as its inaugural Principal Banking partner.
Coterie Raises US$27 Million in Oversubscribed Funding Round with Hiscox Support
Insurtech Coterie, which specialises in services for small businesses, has successfully secured a substantial US$27 million in funding during a post-Series B round.
Howden Partners with Cyberwrite to Bolster Cyber Risk Assessment Services
In a move aimed at enhancing its cyber risk assessment capabilities, Cyberwrite, a leading cyber risk assessment company, has unveiled a strategic partnership with Howden, a prominent global insurance intermediary group.
Chubb Launches Global Transactional Risk Platform, Appoints Senior Leadership
Chubb, a leading insurance provider, has announced the launch of a comprehensive global transactional risk platform aimed at offering liability insurance products for transactions on an international scale.
State Farm Announces Successor to CEO Michael Tipsord
State Farm has revealed that Jon Farney, currently serving as the President of State Farm, will be the next Chief Executive Officer (CEO), effective June 1. Farney succeeds Michael Tipsord, who has been at the helm since 2015.
What the insurance industry can learn from Tesla
In this provocative thought leadership article, James Doe, UK Sales Manager, for Novidea explores Tesla’s handling of insurance – and what the industry can gain from the example.
Marble Launches Commercial Insurance Marketplace for Small Businesses
Marble, the digital wallet for insurance, has expanded its offerings with the launch of a commercial insurance marketplace tailored for small and medium-sized enterprises (SMEs).
Hannover Re US Partners with GalenusRx to Enhance Medication Safety Services
Hannover Re US, has announced a strategic collaboration with GalenusRx, Inc. The partnership aims to deliver advanced technology and services to Hannover Re’s healthcare clients, facilitated through their network of brokers and consultants.
VIU BY HUB Teams Up with Mile Auto to Enhance Car Insurance Experience
In a strategic move aimed at enhancing the car insurance landscape, VIU by HUB has joined forces with Mile Auto, a pioneering pay-per-mile car insurance startup.
Quantee partners with Sapiens to Transform Insurers’ Pricing Capabilities
Quantee has forged a strategic alliance with Sapiens International Corporation with the aim to equip insurers with comprehensive end-to-end pricing capabilities, leveraging state-of-the-art technology.
ASK THE CEO: Virtuoso’s Derren Nisbet is Our Latest Insurtech Leader in the Hotseat
Virtuoso is a leader in software testing for the insurance industry – a service currently in huge demand. We caught up with their CEO, Derren Nisbet, to find out more
Kin Expands Operations into Texas to Address Insurance Crisis in the Gulf Coast region
Kin, a leading digital home insurance provider, has expanded its operations into Texas, aiming to address the growing insurance crisis in the Gulf Coast region.
Dai-ichi Life Holdings to Invest US$255 Million in Canyon Partners, Securing Minority Stake
In a strategic move, Dai-ichi Life Holdings, a prominent Japanese insurance company, has announced its acquisition of a minority stake in Canyon Partners, a leading alternative investment manager based in the United States.
AXA Commercial Launches Online Directory for Brokers
AXA Commercial has taken a proactive step to assist brokers in navigating the intricacies of the schemes market when placing niche risks by introducing a user-friendly online directory.
Cytora Collaborates with Techsalerator to Transform Commercial Liability Insurance Assessment
Cytora, the digital risk processing platform, has forged a strategic partnership with Techsalerator, a renowned consumer and business data provider.
bolttech Enters Japanese Market with Back Market Partnership
bolttech has forged a strategic partnership with Back Market, a prominent marketplace for refurbished electronic devices in Japan.
AXA Climate Partners with Reask to Offer Advanced Parametric Windstorm Insurance
AXA Climate has announced a new partnership with Reask, a leading provider of climate risk modeling solutions.
Former LV= Head of Op Alan Hickman Joins ARMD to Lead Broker Strategy Expansion
ARMD, a prominent insurance Managing General Agent (MGA) championing the £6.5 billion underserved tradespeople market in the UK, has made a significant addition to its leadership team.
Empathy Raises $US47 Million Series B Funding, in Victory for the Compassionate Economy
Empathy, a pioneering company revolutionising the approach to grief and loss, announced the successful closure of a US$47 million Series B funding round, spearheaded by Index Ventures, alongside notable contributions from General Catalyst, Entrée Capital, Latitude, and Brewer Lane.
LEADERSHIP SPOTLIGHT: Ross Sinclair: CEO and Founder of EIP
EIP’s dynamic CEO and Founder, Ross Sinclair tells us what it was like, to launch an insurtech, before insurtech was a ‘thing’
Sostengo Secures $3.8 Million Funding to Accelerate Growth in Latin America and Expand into the US Market
Sostengo, a leading insurtech based in El Salvador, has successfully closed a financing round amounting to $3.8 million, aimed at fueling its user growth across Latin America.
Guidewire Selected by Encova Insurance to Streamline Operations
In a move to bolster its digital capabilities, property and casualty insurer Encova Insurance has announced its partnership with Guidewire.
Brit Ltd Launches US$50 Million Lloyd’s Cyber Insurance Consortium
Brit Ltd has launched a groundbreaking initiative in the cyber insurance realm with the launch of Brit Cyber First50, a Lloyd’s Consortium with a staggering US$50 million investment.
EMPOWERING INSURANCE: Cristina Ferrari, Chief Underwriter of VIG Re
In our latest instalment for our series on women driving change in the insurance industry, we spoke to Cristina Ferrari, CUO of VIG Re, about career choices, leading successful teams and overcoming industry challenges.
Generali Achieves Record Growth in Financial Results for 2023, CEO Declares Group in “Best Shape Ever”
Generali has announced record-breaking growth in its 2023 financial performance, setting new benchmarks in gross written premiums (GWP) and dividends per share growth.
Aon Launches Partner Risk Insights to Streamline Third-Party Risk Management for US Businesses
Aon plc has launched Partner Risk Insights, a new digital platform designed to facilitate the management of insurance-related third-party risks for US organisations.
71% of Insurance Industry Decision-Makers Frustrated with Level of Effort to Launch New Insurance Programmes
Sure, a leading insurance technology company specialising in digital insurance solutions, has released findings from its 2024 State of Digital Insurance Report, shedding light on widespread discontent among insurance industry decision-makers regarding legacy rate service organisations (RSOs).
Tensorflight and NEXT Insurance Partner to Boost Small Business Insurance with Advanced Property Analytics
Tensorflight, a pioneering property intelligence platform, has announced a collaborative effort with NEXT Insurance, a leading technology-driven small business insurer, aimed at automating commercial property inspections.
Insurtech Vouch Raises US$25 Million in Series C Funding Round Led by Ribbit Capital
Vouch, a leading provider of business insurance services tailored for high-growth companies, has announced the successful closure of a $25 million Series C-1 funding round, with Ribbit Capital leading the investment.
LEADERSHIP SPOTLIGHT: Zurich’s ‘Rocket Man’ Dr Christian Westermann on why Insurance Trumps NASA when it comes to Job Satisfaction
Physicist and former rocket scientist, Dr Christian Westermann, is taking Zurich’s AI transformation stratospheric. Insurtech Insights finds out more.
bolttech Enters Middle Eastern Market with stc Group Collaboration
bolttech has announced a new strategic partnership with stc Group, a prominent entity in telecommunications and digital innovation across the Middle East region.
Lloyd’s Report Reveals: Generative AI Reshaping Cyber Threat Landscape
Lloyd’s, the renowned marketplace for insurance and reinsurance, has released a groundbreaking report today shedding light on the transformative influence of Generative Artificial Intelligence (GenAI) on the cyber threat landscape.
Mind the Gap: What is Gap Insurance and How Does it Work?
In this latest Thought Leadership article, Rory Yates, Chief Strategy Officer at EIS, examines the Gap insurance quandary and explores how the FCA is attempting to level the playing field for customers.
Coalition Partners with Aspen Specialty Insurance Company to Expand US Cyber Insurance Capacity
Cyber insurtech leader Coalition has announced a new, multi-year capacity agreement with Aspen Specialty Insurance Company (Aspen).
Inigo Collaborates with Samsara to Introduce Insurance Solutions for US Auto Fleets
Inigo Insurance has forged a strategic partnership with Samsara to unveil a pioneering insurance product tailored for large vehicle fleets in the United States.
Aviva, Darwin, and University of Salford Expand UK’s Self-Driving Shuttle Service
In a groundbreaking collaboration, insurer Aviva and autonomous vehicle operator Darwin Innovation Group unveiled the Darwin Autonomous Shuttle in late 2021, marking the UK’s longest-running self-driving passenger service.
FEMA Secures US$575 Million Flood Reinsurance for NFIP
The U.S. Federal Emergency Management Agency (FEMA) has solidified its commitment to bolstering the National Flood Insurance Programme (NFIP) by obtaining $575 million in reinsurance coverage through insurance-linked securities (ILS) reinsurance.
Dellwood Insurance Group Launches with US$250 Million Capital
Michael Price and Kean Driscoll, former executives at AIG, have unveiled the establishment of Dellwood Insurance Group, marking the emergence of a new nationwide excess and surplus lines insurance holding company.
IDfy Raises US$27 Million Funding to Transform Identity Verification Across Asia
IDfy, a trailblazer in the realm of identity verification, has secured a substantial financial injection of $27 million in a recent funding round, signifying a pivotal moment for the company’s trajectory.
Aon Acquires Humn.ai to Boost Commercial Fleet Offering
Aon has announced its acquisition of Humn.ai’s technology assets and intellectual property, aimed at bolstering its commercial fleet proposition.
Smartpay and Chubb Join Forces to Drive Digitisation in Japan’s Insurance Sector
Smartpay, one of Asia’s leading fintech companies, has entered into a strategic partnership with Chubb, a global insurance powerhouse operating in 54 countries and territories.
Fijoya Raises US$8.3 Million in Seed Funding to Boost AI-Powered Insurtech Platform
Fijoya, a specialised platform catering to health and wellness services tailored for employers, has successfully raised $8.3 million in a recent seed funding round.
Agio Ratings Raises US$4.6 Million in Funding Round Led by Superscrypt
Agio Ratings, a London-based startup specializing in crypto risk analytics, has announced a successful fundraising round totaling $4.6 million.
Israeli Startup Sweet Security Secures US$33 Million in Series A Funding
Sweet Security, an Israeli startup specialising in addressing cloud risks for companies, has successfully raised US$33 million in a Series A funding round.
Access PAYSUITE Releases New Report on Future-Proofing Payments in the Insurance Sector
A recent report on consumer insights and trends within the insurance sector has provided valuable insights into the payment preferences and experiences of policyholders.
Celent Joins Insurtech Insights Global Conferences as Official Knowledge Partner
Insurtech Insights will welcome Celent, the leading research and advisory firm focused on technology for financial institutions globally, as its official Knowledge Partner.
Swedbank Partners with Akur8 to Transform Insurance Pricing
Swedbank, a prominent financial institution, has announced its partnership with Akur8, the insurance pricing solution insurtech, driven by Transparent AI.
Lloyd’s Announces Strong Preliminary Results for Full Year 2023
Lloyd’s has unveiled its preliminary financial performance for the Full Year 2023 (FY23). The comprehensive results are scheduled for release on 28 March 2024, alongside projections for Lloyd’s Full Year 2024 results.
EMPOWERING INSURANCE: Pravina Ladva, Group Chief Digital and Technology Officer at Swiss Re
With a degree in history and two decades in finance, Pravina Ladva proves that alternative experiences can be a winning formula in the insurance industry.
How AI can Help Resolve Underinsurance in Commercial Properties
Dirk Huibers, CEO and cofounder of Spotr, an AI-powered property data platform from The Netherlands tackles six key questions on the issues facing commercial property owners and their insurance providers – and how AI can solve them
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