All News
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.
Mumbai-Based Insurtech Bharatsure, Secures US$1 Million in Funding Round Led by Capital-A
Bharatsure, the Mumbai-based Insurtech startup that specialises inproviding Infrastructure-as-a-Service (IaaS) solutions tailored for insurance distributors, has successfully raised US$1 million (approximately 8.3 crore), with Capital-A taking the lead.
Getsafe Expands Portfolio with Acquisition of deineStudienfinanzierung
German insurtech Getsafe has successfully acquired deineStudienfinanzierung, a digital platform specialising in student loans.
Qover Expands into the UK Motor Insurance Sector
Insurtech leader Qover has officially entered the UK motor insurance sector, expanding its reach to the ninth European market for its innovative motor insurance programmes.
Inszone Insurance Announces Acquisition of Jacque Pirtle Insurance
Inszone Insurance has successfully acquired Jacque Pirtle Insurance, a well-established agency serving the Dallas/Fort Worth Metroplex for nearly three decades.
LEADERSHIP SPOTLIGHT: Neil Sprackling, Swiss Re’s CEO of Life & Health Re, U.S.
With almost four decades in the re/insurance industry, Neil Sprackling’s global career trajectory has seen him operate in the UK, US, Spain, Latin America, Australia and New Zealand.
MEMIC Partners with CLARA Analytics to Read Medical Records with AI
Maine Employers’ Mutual Insurance Company (MEMIC), workers’ compensation insurance specialists, has partnered with CLARA Analytics, a leading provider of artificial intelligence (AI) technology for insurance claims optimisation.
Canopius Group Launches Innovative Investment Management Solution for Asset Managers
Canopius Group, a global specialty (re)insurer, has launched a groundbreaking investment management product aimed at catering to the needs of asset managers.
Rob Powell will Continue as Global Chief Claims Officer at Marsh
Marsh McLennan’s insurance broker and risk advisory arm, Marsh, disclosed that Rob Powell has decided to remain in his position as the Global Chief Claims Officer.
Arch Insurance Appoints Prabhu Venkataraman as CIO to Drive Technological Innovation
Arch Insurance North America has welcomed Prabhu Venkataraman as its Chief Information Officer (CIO).
FloodFlash Extends Coverage to 10 Additional US States
FloodFlash has unveiled its plans to extend its services to an additional 10 states in the United States.
InsurX Unveils Algorithmic Exchange for D&F Property Market in London
InsurX, a digital exchange equipped with algorithmic capabilities, has made its debut in the London Direct & Facultative (D&F) Property market.
Verisk Collaborates with Chief Claims Officers to Establish Claims Advisory Board
Verisk has taken action to meet the demands of claims organisations in the insurance industry by introducing the Verisk Claims Advisory Board.
Foxquilt Announces Partnership with Markel to Expand SME Insurance Offerings
Foxquilt, the small business insurance startup based in Canada, has entered into a long-term capacity relationship with specialty insurance provider Markel.
Swiss Re Acquires Cyber Retrocession ILW Brokered by Gallagher Re
Swiss Re has finalised the purchase of the market’s inaugural cyber retrocession industry loss warranty (ILW), facilitated by Gallagher Re.
Freeyou Insurance AG Announces Partnership with Akur8 to Boosts Pricing Strategies
German digital insurance landscape, Freeyou Insurance AG has partnered with Akur8, to elevate its pricing capabilities.
Bikmo Partners with British Rowing to Extend Cycle Insurance Benefits to Members
European insurtech Bikmo, a premier provider of specialised cyclist insurance, has officially partnered with British Rowing, the esteemed governing body overseeing rowing activities from grassroots to elite levels.
Zego Expands Van Offering with Launch of Business Van Insurance
Motor insurer, Zego, has announced the official launch of its new Business Van Insurance product.
Allianz Risk Barometer Reveals 2024’s Leading Global Business Risks
In its 13th annual release, the Allianz Risk Barometer has cast a spotlight on the paramount business risks for the year 2024.
Lemonade Extends Financing Partnership with General Catalyst to Boost Growth Strategy
Lemonade has announced the extension of its partnership with General Catalyst (GC) which involves GC financing up to 80% of Lemonade’s expenses specifically related to customer acquisition cost (CAC).
Global M&A Poised for a Resurgence in 2024 Amidst 2023 Challenges, Predicts WTW Report
In the wake of a challenging year for mergers and acquisitions (M&A), global markets are gearing up for a significant rebound in 2024, according to recent findings from WTW’s Quarterly Deal Performance Monitor (QDPM).
Lockton Strengthens Norway Team with Key Appointments from Aon
Insurance broker Lockton has reinforced its People Solutions team in Norway by welcoming four seasoned professionals from Aon Norway.
Coalition Appoints Mark Bird to Lead UK Incident Response Division
Coalition has named Mark Bird as the head of Coalition Incident Response UK Ltd. (CIR), the company’s dedicated affiliate specialising in incident response and cyber forensics.
Blink Parametric Launches Insurtech Solution in Partnership with MAWDY
Blink Parametric and MAWDY, a global insurance, reinsurance, and services company affiliated with the MAPFRE Group, have expanded their partnership to include MAWDY Ireland.
LEADERSHIP SPOTLIGHT: Masashi Namatame, Group CDO and Managing Executive Officer of Tokio Marine
As the Group Chief Digital Officer, and Managing Executive Officer at Tokio Marine Holdings, Masashi Namatame is responsible for strategising and driving the digital ecosystem development of one of the world’s most respected insurance groups.
SCOR Chooses 8 Bishopsgate for London Office Relocation
Global re/insurer SCOR has confirmed a 15-year lease agreement for approximately 50,000 sq. ft of office space at 8 Bishopsgate, a prestigious London office building, in collaboration with Mitsubishi Estate London and Stanhope.
Previsico Strengthens Leadership with New CFO Appointment
Previsico, the pioneering live flood forecasting insurtech, has announced the appointment of Craig Deacon as its Chief Financial Officer (CFO).
Insurance Startup Korr Secures US$3.2 Million in Seed Funding
New York-based insurance startup, Korr, has successfully raised US$3.2 million in seed funding, with Motive Ventures taking the lead, alongside contributions from Tokio Marine Future Fund and Plug and Play Ventures.
Akur8 Partners with Ohio Mutual Insurance Group to Revolutionise Pricing Capabilities in the US Insurance Market
Akur8 has announced a strategic partnership with Ohio Mutual Insurance Group, one of the premier insurers in the United States. According to reports, Ohio Mutual’s
Baloise Launches three New Parametric Solutions for Travellers
Swiss insurance giant Baloise has unveiled a trio of pioneering parametric insurance policies aimed at offering coverage for flight delays, baggage delays, and adverse weather conditions.
DigitalOwl Secures US$12 Million Investment from Global Reinsurance Leader RGA
DigitalOwl has raised US$12 million investment from Reinsurance Group of America, Incorporated (RGA), a leading global life and health reinsurer.
HDI Global Specialty Acquires Majority Stake in Falcon Risk Holdings
HDI Global Specialty has acquired a majority stake in managing general agency (MGA) Falcon Risk Holdings and a subsidiary of Pennsylvania Lumbermens Mutual Insurance (PLM).
Title Insurer Fidelity National Financial Reports Cyberattack Impacting 1.3 Million Customers
In a recent disclosure to the US Securities and Exchange Commission, title insurer Fidelity National Financial (FNF) revealed that approximately 1.3 million of its customers have been affected by a cyberattack that occurred last November.
Akur8 Announces New Partnership with the Quincy Mutual Group
Akur8, the next generation insurance pricing solution powered by transparent machine learning, is excited to announce its new partnership with Quincy Mutual Group.
Insurtech Rainbow Secures US$12 Million in Funding to Transform Small Business Insurance Underwriting
Rainbow, a digitally-enabled managing general underwriter specialising in customised small business insurance products, has successfully raised US$12 million in seed funding.
hyperexponential Raises US$73 Million in its Series B Round
hyperexponential has raised US$73 million in capital in its Series B funding round, led by Battery Ventures, with participation from leading Silicon Valley investor a16z, and existing Series A investor Highland Europe, which increased its holding., three years after its Series A round.
Verisk Completes Acquisition of Rocket Enterprise Solutions, Expanding European Digital Offerings in P&C and Underwriting
Verisk has announced the completed the acquisition of Rocket Enterprise Solutions GmbH, an insurtech provider based in Germany specialising in the property claims sector.
FINEOS and Securian Canada Achieve Claims Go-Live in Five Months
FINEOS Corporation has announced that Securian Canada achieved an unprecedented go-live with its claims administration software solution, actively processing disability claims within five months from the start of the project.
Lemonade Expands its Car Insurance Offerings to Washington
Lemonade has officially introduced its car insurance product in Washington, marking the seventh state where it is available.
Revolutionising Embedded Solutions: A Conversation with Marat Nevretdinov, Managing Director of HDI Embedded
We dive into the world of embedded insurance with Marat Nevretdinov, the accomplished Managing Director of HDI Embedded as he discusses the future of embedded services in a global context.
Insurtech Branch Lays Off More Employees Amid Economic Challenges
Insurtech startup Branch has implemented another round of job cuts, affecting a reported 85 employees – a figure that is yet to be officially confirmed.
PCF Insurance Services Partners with AgentSync to Boost Regulatory Compliance and Operations
PCF Insurance Services has announced its partnership with AgentSync.AgentSync, a leading player in insurance producer and compliance management.
Verisk Appoints Doug Caccese and Saurabh Khemka as Co-Presidents of Underwriting Solutions
Verisk has revealed its latest leadership appointments as Doug Caccese and Saurabh Khemka have been appointed as co-presidents of Verisk Underwriting Solutions.
Cowbell Broadens Cyber Insurance Reach for UK Mid-Market Enterprises
Cowbell has announced the extension of its coverage to mid-market businesses. This expansion caters specifically to enterprises with an annual turnover of up to £1 billion.
Blink Parametric Extends Strategic Partnership with Blue Cross in Canada
Blink Parametric has announced a three-year extension of its partnership with Blue Cross, Canada’s leading insurance provider.
Lloyd’s Announces First 144A Catastrophe Bond on London Bridge
Lloyd’s has announced the issuance of the first 144A catastrophe bond on its risk transformation platform, London Bridge 2 PCC Limited.
Alta Signa Europe B.V. Boosts Underwriting Structure with Seven New Key Appointments
Alta Signa Europe B.V. (“Alta Signa”) has announced an upgraded underwriting structure and the appointment of seven key roles to further its business lines.
ZEEKR Partners with Insurtech Qover to Boost Embedded Insurance Services
ZEEKR, the prestigious international electric mobility brand under the umbrella of Chinese automotive giant Geely, has joined forces with the innovative embedded insurance startup, Qover.
Zurich Innovation Championship Announces Fifth Edition of Global Startup Programme in 2024
Zurich Insurance Group has announced the launch of the fifth edition of the Zurich Innovation Championship, a global startup program that has gained industry acclaim since its initiation in 2018.
EMPOWERING INSURANCE: Industry Podcaster and Author Theresa Blissing
Theresa Blissing, industry author and driving force behind Asia’s most successful insurtech podcast, shares her career journey and hosting adventures with Joanna England
Pan-American Life Insurance Group Completes Encova Life Acquisition, Boosting US Presence
Pan-American Life Insurance Group (PALIG) has successfully concluded the acquisition and merger of Encova Life Insurance Company, marking a significant development in the realm of life, accident, and health insurance services.
Marsh Welcomes Andy Stirk as US Chief Growth Officer
In a recent announcement, Marsh revealed that Andy Stirk is set to join the company in the capacity of US Chief Growth Officer, commencing his role on January 16.
Majesco Bolsters P&C Solutions with Acquisition of Decision Research Corporation (DRC)
Global cloud insurance software solutions leader, Majesco, has announced a strategic move by acquiring the Decision Research Corporation (DRC) business—a significant player in SaaS-based insurance software.
Duck Creek Technologies Partners with CAMCOM to Boost Claims Management Capabilities with AI
Duck Creek Technologies has announced it’s latest collaboration with CAMCOM, an AI-powered platform specialising in visual inspections across various industries.
SentinelOne Boosts Cybersecurity Arsenal with Acquisition of PingSafe
SentinelOne, a leading AI-powered security company partnered with industry leaders including Chubb and Travelers, has announced its decision to acquire PingSafe.
Howden Expands Footprint in Norway through Acquisition of Arctic Insurance AS
Howden, the global insurance group, has solidified its position in the Norwegian market with the recent acquisition of Arctic Insurance AS, a rapidly growing insurance broker based in Oslo.
Berkshire Hathaway Specialty Insurance Boosts Multinational Offerings with Network Expansion and Tech Upgrades
Berkshire Hathaway Specialty Insurance (BHSI) has broadened its partner network and bolstered its internal team with seasoned multinational experts to expand its network and upgrade its technology systems.
Ledgebrook Announces New Partnership with Obsidian
Boston-based insurance startup Ledgebrook has joined forces with hybrid carrier Obsidian to introduce an innovative miscellaneous professional liability programme.
B.P. Marsh & Partners Plc Secures 30% Stake in Ai Marine with US$2.1 Million Funding Commitment
B.P. Marsh & Partners Plc, a specialised private equity investor in early-stage financial services businesses, has successfully acquired a 30% Cumulative Preferred Ordinary shareholding in Ai Marine Risk Limited (Ai Marine), a prominent Managing General Agency (MGA) based in London.
Travelers Successfully Completes US$435 Million Acquisition of Corvus, Bolstering Cyber Capabilities
Cyber insurance managing general underwriter Corvus Insurance is now officially part of The Travelers Companies, a prominent insurance provider.
Howden Reports Re/Insurance Market Stability and Positive Trends in Annual Market Review
Howden has reported a notable shift towards stability in the reinsurance market in its latest annual market report, entitled, “A New World.”
Do you have news you would like to share with the World's Largest Insurtech Community?
Please feel free to send us an email
news@insurtechinsights.com
