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Resilience Unveils Technology E&O Coverage Amidst Continued Growth
Resilience, a prominent cyber risk management firm headquartered in San Francisco, CA, made a significant announcement today regarding its latest initiative aimed at US organisations generating revenues ranging from US$300 million to $10 billion.
Julian Teicke Steps Down as CEO of wefox
Julian Teicke, co-founder and CEO of wefox, has made the decision to transition to the President role on the insurtech’s board of directors.
SCOR Achieves Record FY23 Income of €812m with Enhanced P&C Combined Ratio
SCOR has disclosed a record net income of €812 million for the fiscal year 2023, signaling a notable upturn from the losses incurred in 2022.
Bluecyber Raises $1.5 Million to Bolster Cyber Insurance in Latin America
Bluecyber.insure, a prominent player in the Insurtech sector specialising in cyber insurance within Brazil, has successfully secured a substantial financial boost, raising US$1.5 million in investment.
Osara Health Forges Strategic Alliance with Allstate Benefits
Osara Health, a leading provider of evidence-based behavior change interventions for cancer patients, has announced a strategic partnership with Allstate Benefits.
Mark McCausland Promoted to Global Transformation Officer at Chubb
Chubb, a global leader in insurance and reinsurance, has announced the promotion of Mark McCausland to the newly established position of Global Transformation Officer.
GigSmart, Hooray Health, and Zurich NA Forge Partnership
Zurich North America has announced a strategic partnership with two prominent companies in the healthcare sector: Hooray Health, recognised for its provision of accident and sickness coverage, and GigSmart, a platform facilitating connections between businesses and on-demand workers.
Healthee Raises US$32 Million in Series A Funding Round
Healthee, a healthcare navigation startup formerly known as Insurights, has successfully raised $32 million in its latest Series A funding round.
STARTUP STORY: Consultant Surgeon, Krishna Moorthy, on Tackling the Big ‘C’ Through Insurtech
Krishna Moorthy is a Senior Lecturer, Consultant Surgeon and now, the Director and Founder of Alvie Health – an insurtech with a difference.
Sapiens Expands Presence in Canadian Insurance Market to Drive Growth
Sapiens International Corporation has announced its strategic expansion in the Canadian market.
The Hartford Unveils New Organisational Structure, Merging Operations and Technology
The Hartford has announced a significant restructuring initiative, combining its operations and technology sectors under the leadership of Deepa Soni, the current chief information officer and head of Technology, Data, Analytics & Cyber.
Tesla Insurance Reports Record Growth with Nearly US$500 Million in Written Premiums for 2023
Tesla Insurance concluded the fiscal year of 2023 by amassing nearly $500 million in written premiums, signifying an impressive 115% year-over-year increase in premiums.
Aviva Acquires Probitas for £242 Million in Landmark Acquisition
Aviva plc has officially acquired Probitas for a total consideration of £242 million. The acquisition encompasses Probitas’s fully-integrated Lloyd’s platform, which includes its Corporate Member, Managing Agent, international distribution entities, and tenancy rights to Syndicate 1492.
12 Top Funding Rounds Driving Insurtech Innovation in 2024
The past month has seen some incredible funding results in the insurtech space. Insurtech Insights finds out who is catching investment interest – what their building, and why
Direct Line Group Appoints Adam Winslow as New CEO
Direct Line Group has appointed Adam Winslow as its new Chief Executive Officer, effective immediately.
Marsh McLennan Appoints David Liston as CCO for US and Canada
Marsh McLennan, a leading global insurance and reinsurance broking group, has announced the appointment of David Liston as the Chief Commercial Officer (CCO) for the United States and Canada, effective immediately.
Chubb Partners with Cytora to Boost Claims Automation
Insurtech firm Cytora has revealed its engagement with Chubb, a global insurance leader, aimed at automating claims document processing.
LEADERSHIP SPOTLIGHT: Quentin Colmant, CEO and Co-Founder of Qover
Leaping from the cushioned safety of a corporate giant into the heady world of startups, Qover Founder and CEO, Quentin Colman tells Insurtech Insights what it’s like to win at entrepreneurship and the WEF
Echo Re and Guy Carpenter Streamline Data Exchange with ACORD’s ADEPT
Global reinsurer Echo Reinsurance Limited (Echo Re) has announced that it has implemented ACORD Solutions Group’s ADEPT to automate digital data exchange with Guy Carpenter, a global risk and reinsurance specialist.
Howden Expands Presence in Ireland with Acquisition of Intersure Group
London-based insurance intermediary group, Howden, has announced its acquisition of Intersure Group Ltd., operating as Intersure Group, in a move aimed at bolstering its service capabilities in the Irish insurance market and expanding its reach across the country.
Bolt and WorldTrips Forge Partnership to Introduce Revolutionary Device Protection
Bolt has partnered with WorldTrips, a respected travel insurance provider, to introduce a pioneering program designed to protect travellers’ electronic devices.
Hellas Direct Secures €30M Investment for Climate-Focused Insurance Solutions
Greek insurtech takes proactive stance against climate change, targets central and southern European markets
Coverdash Secures US$13.5 Million in Series A Funding Led by Nyca Partners
B2B Insurtech Coverdash has announced the successful closure of a significant US$13.5 million Series A funding round.
Workplace Safety Innovator Intenseye Raises US$64 Million in Series B Funding
Intenseye, a leading provider of workplace safety solutions, has successfully closed a Series B funding round totaling $64 million.
Yurtle Raises £1.37 Million in Seed Funding to Address Caregiver Burnout
Yurtle, a London-based insurtech focused on alleviating caregiver burnout in workplaces, has successfully concluded a Seed funding round amounting to £1.37 million.
Brazilian Insurtech Loovi Raises US$9 Million in Funding to Boost Auto Solutions
Brazillian insurtech Loovi has successfully secured US$9 million in funding from prominent investors Marçal Holding and Oliveira Participações.
Insurtech Digisure Shuts Down Operations
Digisure, a startup renowned for its Protection-as-a-Service platform since its establishment in 2018, has officially ceased operations as of last Friday.
AXA XL Introduces XL Plus for US Mid-Market Businesses
AXA XL’s US Mid-Market insurance division has unveiled XL Plus, an extended general liability coverage tailored for mid-size businesses.
Tuned Secures US$3.2 Million in Seed Extension Round Led by Unum Group
Hearing health startup Tuned has successfully closed a $3.2 million seed extension round, with Unum Group leading the investment and Distributed Ventures also participating.
Blu Clarity and Irys Insurtech Announce Strategic Partnership
Blu Clarity and Irys Insurtech have announced their new partnership aimed at leveraging technology to streamline operations and promote sustainability within the insurance sector.
Blink Parametric Partners with Buckler México for Cyber Solution Rollout
Blink Parametric has partnered with cyber risk specialist Buckler México to support the rollout of its Blink Cyber solution to Ethics Data Analytics – a leader in risk management solutions in the region.
Ron Lockton Reclaims CEO Position at Lockton, Succeeding Peter Clune
Lockton has announced the return of Executive Chairman Ron Lockton to the role of Chief Executive Officer (CEO), succeeding Peter Clune, as per recent disclosures.
Symetra Partners with Nayya to Enhance Supplemental Health Claims Integration
Symetra has announced its new partnership with Nayya to introduce Nayya Claims for group supplemental health employer customers and their employees
Mike Heaton Appointed Chief Operating Officer of Markel Group
Markel Group has announced that Mike Heaton will assume the role of Executive Vice President and Chief Operating Officer, effective immediately.
BMS Group Partners with Artificial Labs to Enhance Digital Initiatives
BMS Group, an independent specialist insurance and reinsurance broker, has announced its partnership with Artificial Labs, experts in algorithmic underwriting.
Buffett’s Berkshire Achieves Record Profit Driven by Insurance and Investments
Warren Buffett’s Berkshire Hathaway has unveiled its second consecutive annual operating profit, marking a new milestone fuelled by the strength of its insurance business and investment portfolio amidst a backdrop of rising interest rates.
FWD Group Extends Partnership with Microsoft to Pioneer AI-Driven Insurance Solutions
FWD Group Holdings Limited (“FWD Group” or “FWD”) has announced a four-year extension of its partnership with Microsoft.
Chubb Report Highlights Role of Insurance in Enhancing Trust in E-commerce Platforms
A recent report by Chubb sheds light on the uneven trust dynamics within e-commerce platforms, underscoring the potential for insurance to bolster consumer confidence in online transactions.
Hub International Unveils Builder’s Risk Insurance Solutions for Construction Projects
HUB International has introduced Hub Builder’s Risk Insurance Solutions, a comprehensive insurance and risk management offering tailored for project owners, general contractors, and developers involved in both frame and non-frame projects.
AXA XL Elevates Simon Price to Head M&A & Title for UK & Lloyd’s Operations
AXA XL, the premier property and casualty (P&C) insurance and specialty risk division of the global insurer AXA, has announced the appointment of Simon Price as the new Head of M&A & Title – UK & Lloyd’s.
Embedded Insurance in Europe to Reach 30% of P&C and 10% of Total Life Markets over Next Decade
A new report from Embedded Finance & Super App Strategies and InsureMO describes the commercial potential for Embedded Insurance in Europe.
EMPOWERING INSURANCE: Janthana Kaenprakhamroy, CEO of Tapoly, on Breaking Glass Ceilings
Janthana Kaenprakhamroy, founder of Tapoly, Europe’s pioneering on-demand insurance platform for the gig economy, has broken through her fair share of glass ceilings.
Optalitix Launches Upgrades to Underwriting Software at Lloyds Breakfast Briefing
Optalitix has introduced significant enhancements to its flagship products, Optalitix Models and Optalitix Quote.
Marsh McLennan Agency Acquires Querbes & Nelson and Louisiana Companies
Marsh McLennan Agency (MMA), a subsidiary of Marsh, has announced its plans to acquire two Louisiana-based middle-market agencies, Querbes & Nelson (Q&N) and Louisiana Companies, in a strategic move aimed at bolstering its regional presence.
Equisoft Leads in Latin America for New PAS Implementations, Reports Celent
Equisoft, a prominent provider of digital business solutions catering to the insurance and wealth sectors, has been recognised for securing the highest number of Policy Administration System (PAS) implementations in Latin America.
Beazley Launches Beazley Security to Strengthen Cybersecurity Offerings
Beazley has launched its latest initiative to fortify its cybersecurity services by merging its in-house Cyber Services team with Lodestone, its wholly owned cybersecurity firm.
Resilience Acquires BreachQuest to Bolster Client Incident Preparedness Against Email Compromise
Resilience expanded its capabilities through the acquisition of BreachQuest, an innovative incident response technology solution.
wefox Names Dominik Ulrich as Chief Risk Officer
wefox has announced the appointment of Dominik Ulrich as its Chief Risk Officer (CRO), effective immediately.
Insurtech Startup ‘blip’ Launches to Transform Small Business Insurance
UK Insurtech blip, an innovative insurtech startup in the UK dedicated to providing affordable business insurance for small enterprises alongside a groundbreaking profit-sharing framework, has announced its launch.
Fixle Launches Independently Following Incubation at American Family Insurance
Fixle, a technology startup specialising in simplifying home maintenance and management, has officially launched after incubation within American Family Insurance, the company has announced.
AXA – Global Healthcare Launches Virtual Healthcare Payment Card to Streamline Claims Processing
AXA – Global Healthcare has launched the phased rollout of a revolutionary healthcare payment card. This innovative initiative aims to simplify the claims process for corporate clients and their employees.
Coalition’s Cyber Threat Index 2024 Forecasts 25% Surge in Published CVEs for the Year
Coalition’s Cyber Threat Index 2024 report projects a significant uptick of 25% in the total count of common vulnerabilities and exposures (CVEs) for the months ahead.
Open Lending Partners with Akur8 to Enhance Automotive Lending Solutions
Open Lending Corporation has partnered with cutting-edge insurance pricing solution provider, Akur8.
Juniper Raises £1.5 Million to Introduce Reproductive Health Insurance Pilot for Employees
Juniper, a UK-based startup, has raised £1.5 million in pre-seed funding and emerged from stealth mode with ambitious plans to introduce reproductive health insurance as a workplace benefit.
Embea Raises €4 Million in Seed Funding to Expand Embedded Life Insurance Platform
Berlin-based insurtech Embea has successfully concluded its seed funding round, securing €4 million in investments.
Armilla AI Raises US$4.5 Million Seed Funding Round to Mitigate AI Risks for Enterprises
Armilla AI has successfully concluded a US$4.5 million seed funding round. The funding initiative, led by Mistral Venture Partners, garnered significant support from key players such as MS&AD Ventures, SixThirty Ventures, Morgan Creek Digital, and Y Combinator.
Allstate Reports US$276 Million in January Catastrophe Losses; Updates Auto Rate Increases
Allstate Corp. has reported pretax catastrophe losses of $276 million for the month of January.
Zinnia Ventures Forward with Acquisition of Ebix’s Life and Annuity Software Assets
Zinnia has announced its acquisition of the life and annuity assets of Ebix, a renowned supplier of software solutions.
Akur8 and MGS Seguros Partner to Transform Insurance Pricing in Spain
Akur8 and MGS Seguros have announced a strategic partnership aimed at transforming insurance pricing strategies in Spain.
LEADERSHIP SPOTLIGHT: Nigel Walsh, Head of Global Insurance, Google Cloud
Insurtech insights caught up with Nigel Walsh, Head of Global Insurance for Google Cloud, to find out what this podcaster, author and all round industry guru had to say about the state of insurance in 2024.
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