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.
Cincom Systems Partners with Socotra Inc. to Boost Digital Insurance Communications
Cincom Systems®, a global leader in Customer Communications Management (CCM) solutions, has announced a strategic partnership with Socotra Inc.
Delos Insurance Solutions Secures US$7.3 Million in Seed Funding Extension Round
Delos Insurance Solutions, a pioneering player in the insurance industry, has successfully concluding a seed extension funding round, amassing an impressive US$7.3 million in investments.
Insured Nomads Joins Forces with Allianz Partners to Grow Global Solutions for Today’s Workforce
Insured Nomads, a startup specialising in health and travel protection, has partnered with Allianz Partners’ health division to boost advancements in the new, remote and hybrid workforce.
Lloyd’s and Moody’s Partner Develop an Emissions Accounting Solution via Lloyd’s Lab
Lloyd’s has announced a new collaboration with Moody’s Analytics to develop a solution that will help to quantify greenhouse gas (GHG) emissions* across managing agents’ underwriting and investment portfolios.
Zurich Insurance Group Joins Forces with KPMG Switzerland in Climate Change Initiative
Zurich Insurance Group’s Zurich Resilience Solutions has embarked on a strategic partnership with KPMG Switzerland, reinforcing their shared commitment to addressing the challenges posed by climate change.
EMPOWERING INSURANCE: Sally Wan, CEO, AXA HK, Macau, Greater China on Asia’s Incredible Insurance Climate
Sally Wan has spent over 20 years in the insurance industry and has occupied a number of leading roles. Insurtech Insights caught up with her to find out which trends are driving growth in the Asian marketplace.
Kin Raises US$33 Million in Extended Series D Funding Round
The direct-to-consumer home insurance company, Kin, has raised US$33 million in its Series D funding round extension.
Cowbell Partners with Zywave to Boost Cyber Insurance Solutions for SMEs
Cowbell has announced its strategic partnership with leading solutions provider, Zywave.
Coalition Announces Plans to Launch Cyber Reinsurance MGA
Coalition, a cyber insurtech firm led by Joshua Motta, is in discussions to establish a new cyber reinsurance Managing General Agent (MGA) with a focus on writing third-party treaty business, The Insurer has reported.
Insurtech UK Appoints Melissa Collett as Organisation’s First-Ever CEO
Insurtech UK has today announced the appointment of its first-ever CEO, as it looks to drive forward its mission of transforming insurance through technology.
Spirit Airlines Partners with Cover Genius to Launch International Travellers Cover
Cover Genius has partnered with Spirit Airlines to launch personalised embedded protection for international travellers, backed by a speedy claims process, for the first time.
Aon’s Data Reveals 80% Loss Increase Due to Severe Storms
Aon plc, a global professional services firm, has released research indicating an alarming 80% increase in losses related to severe thunderstorms, primarily driven by the growth in exposure to these events.
Moody’s RMS Launches Cyber Industry Steering Group to Aid Expanding Cyber Insurance Market
Moody’s RMS has unveiled its Cyber Industry Steering Group, aimed at spearheading industry initiatives to address the expansion of the global cyber insurance market.
Munich Re Unveils Crypto Staking Insurance Solution with Boerse Stuttgart Digital
Munich Re has collaborated with existing partner Boerse Stuttgart Digital – a European leader in crypto and digital business, to create a crypto staking insurance solution
Sompo Intl. Bolsters North America’s Reinsurance Leadership Team
Sompo International, a renowned player in the worldwide commercial and consumer property and casualty (re)insurance sector, has announced significant appointments within its North America Reinsurance leadership team.
Nomura Invests in Prismic Life Reinsurance: Boosts Combined Initial Equity Investment to US$1 Billion
Nomura has announced an equity investment into Prismic Life Reinsurance, Ltd. (Prismic), a licensed Class E Bermuda-based life and annuity reinsurance platform, alongside Prudential Financial, Inc. (US) (“PFI”), Warburg Pincus and other investors.
RiverStone International Expands European Presence with Acquisition of Catalina Insurance Ireland
RiverStone International, the premier provider of legacy solutions in the Lloyd’s market, has inked a strategic agreement with members of the Catalina Group.
MAPFRE Ranks 9th Among Europe’s Largest Insurance Companies
The MAPFRE Group has moved up in the 2022 ranking of Europe’s largest insurance groups, according to a report prepared by MAPFRE Economics and published by Fundación MAPFRE.
Coaction Global Raises US$200 Million in Funding to Boost Transformation into Full-Service Specialty Insurance Provider
Private specialty insurance group, Coaction Global, has secured approximately US$200 million in a recent capital injection to propel its evolution into a comprehensive specialty insurance provider.
Insurtech DGTAL Secures US$3.2 Million in Strategic Funding
DGTAL, a pioneering insurtech specialising in AI-powered tools for insurance portfolios, has successfully secured US$3 million in strategic funding from various investors.
Global Reinsurance Leader Munich Re Boosts Capacity to Tackle Evolving Market Challenges
Munich Re, the global reinsurance leader, has unveiled plans to reinforce its capacity to confront the dynamic challenges of the market environment, as announced by Thomas Blunck, Member of the Board of Management.
The Cost of Risk is Rising, But Exclusion is not the Answer, say SCOR and Hannover Re CEOs
Insurance leaders from Hannover Re and SCOR have commented on the rising price of risk, and the exclusions customers face in the current marketplace.
Spanish Insurtech Inari Secures US$5.2 Million in Funding to Advance Innovative Insurance Technology
Inari, a Barcelona-based insurtech that provides core technology infrastructure for the global insurance and reinsurance sectors, has raised US$5.2 million in funding through a seed round led by Caixa Capital Risc in partnership with Criteria Venture Tech.
CLARA Analytics Raises US$24 Million in Series C Funding Round to Boost AI Adoption
CLARA Analytics, a leading provider of artificial intelligence (AI) technology for insurance claims optimisation, today announced its $24 million Series C funding, bringing its total funding to $60 million.
Allianz Releases Net Zero Transition Plan, Affirming 2050 Sustainability Commitment
In a bold move towards combatting climate change, Allianz has unveiled its comprehensive net-zero transition plan.
Cowbell Expands Partnership with Cloudflare to Boost its Cyber Insurance Risk Modeling
Cowbell has announced a new integration with Cloudflare, the security, performance, and reliability company helping to build a better Internet.
Cover Genius Partners with SKY Airline to Boost Travel Offerings
Cover Genius has announced a partnership with SKY Airline, a Chilean low-cost airline with flights to over 40 destinations across the Americas, to offer customers in Latin America comprehensive travel protection.
Insurance Industry Faces Average Annual Natural Catastrophe Losses of US $133 Billion, A New High, says Verisk Report
The global modeled insured average annual loss from natural catastrophes is $133 billion, a new high captured in the latest analysis using Verisk’s extreme event solutions models.
Guy Carpenter Unveils Cutting-Edge Catastrophe Analytics Platform, GC AdvantagePoint
Guy Carpenter, a leading global risk and reinsurance specialist, has introduced the latest iteration of its catastrophe analytics platform, GC AdvantagePoint.
Top Investment Tips to Help Attract Investors in 2023 and Beyond
Catching the interest of an investor is a hard task in these times. But many companies are still attracting successful funding events. Insurtech Insights talks to investors and insurtech startups to find out what makes a startup an attractive investment prospect.
Roots Automation Joins Guidewire’s Insurtech Vanguards Programme
Roots Automation, creator of AI-powered Digital Coworkers, has announced that the company has joined Guidewire’s Insurtech Vanguards programme, an initiative led by property and casualty (P&C) cloud platform provider Guidewire.
YuLife Partners with Bupa to Boost UK Health Insurance Offerings
YuLife, the tech-driven financial force, has partnered with renowned health provider, Bupa, to expand its insurance offerings, reinforcing its commitment to enhancing business health provisions in the UK.
Partners Life Becomes First Insurer to Launch Medical Claims on FINEOS Platform
Partners Life, one of New Zealand’s largest private life and health insurance companies, has become the first insurer to successfully launch medical claims on the FINEOS Platform, as outlined in a new case study.
Insurity Reveals New Solution to Implement Frictionless Regulatory Changes
Insurity, a provider of cloud-based software and analytics for insurance carriers, brokers, and MGAs, has unveiled Circ, its cutting-edge regulatory solution designed to monitor, analyse, interpret, and execute regulatory modifications.
Verisk Launches First Predictive SRCC Data Model for Political Violence Insurers
Verisk Maplecroft, the risk intelligence business arm of Verisk, has launched a new predictive strikes, riots, and civil commotion (SRCC) data model, providing forecasts for thousands of global locations on the potential for damaging civil unrest events to emerge.
Lloyd’s Reveals Results for Half-Year 2023
The world’s leading marketplace for insurance and reinsurance, Lloyd’s, commanded gross written premium of £29.3 billion in H1 2023, up 21.9% from £24 billion in the same period in 2022.
Cowbell Launches Adaptive Cyber Insurance Programme for the UK
SME cyber insurance provider Cowbell, will expand its offerings in the UK with the launch of its AI-powered standalone cyber insurance programme – Cowbell Prime One.
ACORD Releases Implementation Toolkit for New Contract, Risk, and Pre-Accounting Data Standard
ACORD, the standards-setting body for the global insurance industry, today announced the publication of the ACORD GRLC Contract, Risk, and Pre-Accounting (CRP) Implementation Toolkit, a new data messaging standard to facilitate the efficient exchange of insurance data.
New Lloyd’s Lab InsurTech Cohort to Focus on Climate, Cyber and Sustainability in Asia Pacific
Lloyd’s, the world’s leading marketplace for commercial, corporate and speciality risk solutions, today announces the 12 teams that will join the 11th cohort of the Lloyd’s Lab, the InsurTech accelerator hub for developing innovative insurance products in the Lloyd’s market.
Australia’s icare Moves to Cloud on the FINEOS Platform
FINEOS Corporation (ASX:FCL), the global leader of group and individual core software for life, accident and health insurance, announced today that Insurance and Care New South Wales (icare) will move its Dust Diseases Care Scheme to the FINEOS Platform.
Bluevine Expands FDIC Insurance Protection Up To US$3 Million For Business Banking Customers
Bluevine has announced expanded FDIC insurance coverage of up to US$3 million through Coastal Community Bank, Member FDIC, and program banks in a sweep network, automatically offering Bluevine account holders coverage of up to 12x the industry standard of $250,000.
Embedded Insurance Firm Qover Granted FCA Full Authorisation
Qover, a leader in embedded insurance orchestration, has recently achieved a significant milestone by securing full authorisation from the FCA.
Akur8 and SGI CANADA Partner to Empower Pricing Experts and Boost Insurance Pricing Process
Akur8 has joined forces with SGI CANADA, to boost their insurance pricing process, by leveraging Akur8’s RISK module for P&C lines.
IPT Receipts Surge by Over a Quarter as Rising Premiums Boost Treasury Revenue
Insurance Premium Tax receipts have risen by over a quarter in past year as £2.76 billion was collected in first four months of the financial year, 27% higher than same point last year.
Aon Hires Former Munich Re and Zurich Exec as Head of Construction and Infrastructure for Asia
Aon plc has appointed former Munich Re and Zurich Insurance executive Vincent Banton as the head of Construction and Infrastructure for the Asian market.
MAPFRE Group Ranks as the Number One Global Insurance Group Operating in Latin America
The MAPFRE Group is the top international insurance group operating in Latin America, with US$9.229 billion in premiums and a 5.3% market share.
UK’s LifeSearch Announces Two New Appointments to Lead Marketing and Growth
LifeSearch, one of the UK’s leading, independent protection specialists, has made two senior appointments as it drives forward its ambition to grow the protection market and deliver innovative protection to untapped and underserved customer markets.
Chubb Appoints New Head of Business to Lead its Technology Hub in Thessaloniki, Greece
Chubb, the world’s largest publicly traded property and casualty insurance company, announced the appointment of George N. Nikolaou as head of Chubb Business Services EMEA in Thessaloniki, Greece.
FIVE Top Commercial Property Insurers Leading Market Growth over the Next Decade
Despite all the bad news on the backs of wildfires and hurricanes, commercial property insurance is a market that is thriving globally in the face of adversity, with The Hartford, Next Insurance, Obie, Hiscox and Nationwide, leading the industry in growth.
Banking Circle Joins Spanish Association Of Fintech & Insurtech
Banking Circle, the Payments Bank for the new economy, is strengthening its presence in Spain with membership of the Spanish Association of FinTech & InsurTech (AEFI).
Moody’s Predicts Continued Reinsurance Price Increases in 2024
Moody’s Investors Service has indicated that reinsurance prices are poised to experience further upward momentum across all sectors in the year 2024, continuing the trend observed in recent times.
Why the Hidden Costs of Legacy Technology Are Holding You Back
Nia Batten, Head of Cloud and Platforms at esynergy, discusses the escalating costs incurred to companies still reliant on legacy systems
USAA to Limit its Business in California, as Homeowners Face increasing Challenges
In another significant development impacting California’s beleaguered homeowners’ insurance market, USAA looks set to curtail its operations within the state.
Verisk Estimates Industry Insured Losses from Hurricane Idalia to Range from US$2.5 Billion to $4 Billion
Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, estimates industry insured losses to onshore property for Hurricane Idalia will range from US$2.5 billion to $4 billion.
Insurtech Innovator Akur8 Secures $25M Funding, Welcomes FinTLV as New Investor
Akur8, the trailblazing insurance pricing solution powered by Transparent AI, has successfully concluded a new funding round, securing an impressive $25 million in investment.
Swiss Re Warns of $150 Billion Insured Losses in Japan if Earthquake Strikes Tokyo
In a stark warning, Swiss Re, the renowned reinsurance giant, has raised concerns about the seismic risk in Japan, particularly in its densely populated capital, Tokyo, despite significant strides in structural resilience over the past century.
AON Partners with Rubrik to Boost Cyber Resilience Solution
Aon has joined forces with Rubrik, a leading company specialising in Zero Trust Data Security, to enhance businesses’ ability to maintain cyber resilience in the face of modern threats.
Beazley and Sola Technologies Partner with Spinnaker to Launch Parametric Tornado Crisis Insurance
eazley, the leading specialist insurer, has partnered with Sola Technologies and Spinnaker Insurance Company to provide the first admitted parametric tornado disaster benefit insurance for homeowners.
AXA XL appoints Lucy Pilko as Chief Executive Officer, Insurance in the Americas
AXA XL today announced that Lucy Pilko has been appointed Chief Executive Officer for the Americas region of its insurance operations, effective October 30, 2023.
Prudential Plc’s New CEO Unveils Ambitious Growth Plan with Focus on Asia
Prudential, one of the industry’s giants, has unveiled an ambitious strategy for growth and increased shareholder dividends.
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
