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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.
Apollo Partners with Artificial Labs to Launch Smart Follow Collaboration
Specialist insurer Apollo has teamed up with algorithmic underwriting insurtech Artificial Labs to introduce an ingenious smart follow collaboration.
Clark UK Announces New CEO as Founder, Matt Edwards, Steps Down
Clark UK, the UK’s fastest-growing life insurance and protection business, has announced the appointment of Joshua Sargent as its new CEO.
Verisk Launches New Anti-Fraud Solution to Combat Israel’s Rising Premiums
Global data and analytics provider Verisk, has announced the launch of its new ClaimSearch system in Israel to combat rising fraud.
Cytora Announces Partnership Integration with CAPE Analytics
The AI-driven processing platform Cytora has announced its partnership integration with the property insights provider, CAPE Analytics, to enhance commercial property risk assessment.
Quantiphi Partners with Unqork to Launch Integrated Intelligent Insurance Underwriting Platform on Google Cloud
The insurance industry, notorious for its sluggish approach to innovation, has clung to static, paper-based documentation for over 300 years, despite advancements in technology
Superscript Tackles Insurance Fraud with Live, On-Chain Certificates
The insurance industry, notorious for its sluggish approach to innovation, has clung to static, paper-based documentation for over 300 years, despite advancements in technology
Ohio Launches Two VC Funds Worth US$110 Million for Tech-Based Companies
The State of Ohio has launched two new VC funds designed to support technology-based companies as part of a drive to support growth to Diversity, Equality and Inclusion driven companies in the Silicon Heartland.
China Re Records Robust H1 Net Profit Surge with Strong Performance in P&C Segment
China Re, the leading reinsurance company in China, has announced a noteworthy achievement of a net profit amounting to RMB 2.067 million in the first half of 2023.
Planitar Inc. and Verisk Partner to Revolutionise Insurance Adjusters’ Workflow with iGUIDE Instant Sketch
Planitar Inc., the creators of iGUIDE, and Verisk have announced a strategic integration aimed at accelerating the insurance industry’s claims process.
Reask Partners with Geosite to Bring Actionable Insights for Tropical Cyclones Globally
Reask, a leading science and technology firm focused on the financial impact of extreme weather, today announces its partnership with Geosite, a world-leading geospatial data aggregator for underwriting and claims management.
Direct Line Appoints Ex-Aviva Exec Adam Winslow as New CEO
Direct Line, having weathered challenges in recent years, has enlisted the expertise of respected Aviva executive Adam Winslow to spearhead its transformation.
Howden’s Aston Lark Acquires Broker Curtis Marine
Howden-owned Aston Lark has announced the acquisition of Curtis Marine, a Plymouth-based marine insurance broker.
Cyber Insurance Market Thrives with Reinsurance Support, predicts S&P Global Ratings
In a recent report titled “Global Cyber Insurance: Reinsurance Remains Key To Growth,” S&P Global Ratings (S&P) highlights the pivotal role of reinsurance in driving the burgeoning cyber insurance market.
How to Innovate Faster: AXA XL’s Rose Hall Talks Talent Retention and Innovation Strategy
In our latest instalment ‘How to Innovate Faster’ in collaboration with FintechOS, we spoke to AXA XL’s SVP and Head of Innovation, Americas for AXA XL, Rose Hall.
Zurich Insurance and DIFC Innovation Hub Partner to Boost Insurtech Start-Ups
Zurich Insurance will empower insurtech startups in the Middle East via the 9th Edition of the DIFC Innovation Hub’s FinTech Accelerator Programme
Verisk Launches in Egypt’s Health Insurance Market Via Partnership with AXA
AXA Life & Health Reinsurance Solutions has partnered with Verisk and its Health Risk Rating Tool and Ratings Engine to help its insurance partners in Egypt automate health insurance underwriting based on the declared pre-existing medical conditions of their customers.
CLARA Analytics Partners with Amazon for Corporate Workers’ Compensation Solution
CLARA Analytics has forged a collaboration with Amazon to introduce a novel initiative aimed at enhancing solutions for compensation claims concerning the workforce of the tech giant.
Cover Genius Announces David Rudow as its new Chief Financial Officer
Cover Genius has announced the appointment of David Rudow as its new Chief Financial Officer (CFO) as part of its strategy to drive the next stage of growth.
10 Insurance Investment Events Beating Market Predictions this Month
News regarding the future of funding is consistently gloomy, but insurtech startups and more established insurance companies are still winning new investment. Insurtech Insights has rounded up some of the biggest investment events to have taken place this month.
REGULATION: How DORA will Impact Europe’s Digital Insurance Industry
Paul Donnelly, EVP, EMEA at FINEOS, unpicks the EU’s Digital Operations Resilience Act (DORA) to demystify the latest regulatory changes for the insurance industry
Azuga Launches New Telematics-Driven Collision Reconstruction Solution
Azuga, a global leader in fleet telematics, has launched its Collision Reconstruction solution, a telematics-integrated accident analysis tool.
THREE Trends Driving Change in the MGA Space in 2023
As MGAs gain ground in 2023, Insurtech Insights looks at three drivers motivating change in the marketplace
Newfront Launches Newfront Navigator – a Centralised Solution for Total Rewards Clients
Newfront, the tech-driven insurance brokerage firm based in San Francisco, has introduced a powerful Total Rewards dashboard.
SpyCloud Raises US$110 Million in Funding to Boost I.D Protection Technology
SpyCloud, a leading force in operationalising identity analytics for automating digital identity protection, has secured US$110 million in its latest funding drive.
Irys Insurtech Secures US$3.5 Million in Seed Funding
Irys Insurtech, Inc. has successfully concluded a seed funding round, amassing an impressive US$3.5 million.
Redkik Launches Next-Gen Cargo Insurance with Uber Freight
Redkik has pioneered a Next-Generation Cargo Insurance with that operates via a groundbreaking insurtech solution integration with Uber Freight
Zurich’s Global Headquarters Awarded WELL Platinum Status
Zurich Insurance Group’s global headquarters, Quai Zurich Campus at Mythenquai, has been awarded WELL Platinum status, positioning the insurer as one of Europe’s pioneering companies to attain the distinction.
Careless Insurance Joins Stubben Edge’s Appointed Representative Network
Stubben Edge Group has announced that careless™ insurance has joined as the latest member of its Appointed Representative Network
Velocity Risk Underwriters Implements Guidewire InsuranceNow to Launch New Products for Business Growth
Velocity Risk Underwriters, a catastrophe-focused property insurance hybrid managing general agency (MGA), has implemented Guidewire InsuranceNow to launch new products to meet changing market demands, grow its business, and deliver more value to its producers, brokers, and customers.
CLARA Analytics Partners with ClaimDeck to Combat Litigation Rates and Inflation
CLARA Analytics and ClaimDeck have formed a strategic partnership to help carriers manage their litigation rates and drive better legal outcomes.
SBLI Launches New Accelerated Underwriting Programme
SBLI (The Savings Bank Mutual Life Insurance Company of Massachusetts) has announced the launch of AcceleRate, a new accelerated underwriting experience that distribution partners and customers can count on for speed, reliability and convenience as well as improved rates on term and whole life insurance products.
NOW Insurance Receives Funding from Arch Capital Group Ltd. to Accelerate Growth
NOW Insurance, a full-stack, AI-enabled commercial insurance platform specialising in medical professional liability coverage, has announced an investment from a subsidiary of Arch Capital Group Ltd. and a managing general agent partnership with Arch Insurance North America.
Square Insurance Joins Recur Club’s Portfolio with $1m Funding Boost
India-based Square Insurance Brokers, a firm authorised by IRDA under the Insurance Brokers Regulations of 2002, has just added another feather to its cap.
Clearcover Expands its Embedded Insurance Strategy
Clearcover, a next-generation car insurance company, today announces the launch of “Choice,” its embedded insurance solution that provides a customisable end-to-end auto insurance integration for brands.
Munich Re Remains World’s Largest Reinsurer in AM Best’s Top 50 Ranking
Munich Reinsurance Company holds onto the top spot in AM Best’s annual ranking of the Top 50 Global Reinsurance groups in 2022, followed again by Swiss Re Ltd.
Marsh Announces Acquisition of Honan Insurance Group
Marsh has announced its intent to acquire Honan Insurance Group, a distinguished insurance broker known for its proficiency in corporate risk, employee benefits, as well as strata and real estate insurance solutions.
Janice Mo Leads Chubb’s General Insurance in Korea
Chubb has announced the appointment of Janice Mo as the Country President overseeing general insurance in Korea.
Socotra Hires Sonny Patel as Chief Product and Technology Officer, Bringing Decades of Fortune 500 Experience
Socotra, the leading provider of modern, cloud-based technology for insurers worldwide, announced today that Sonny Patel has joined the company in the role of Chief Product and Technology Officer.
SCOR SE, Hannover Re and Munich Re Report Robust 1H23 Amid Improved Pricing and Investments, Reveals Fitch
Hannover Re, Munich Re, SCOR SE, and Swiss Re have unveiled resilient financial results for the first half of 2023, according to a recent report titled “European Reinsurers: 1H23 Results” by Fitch Ratings.
CYBER: Beazley’s Bob Wice Unpicks the Pros and Cons of the SEC’s Latest Cyber Breach Ruling
Last month, the US Securities and Exchange Commission (SEC) implemented regulations that mandate public enterprises to divulge any cybersecurity breaches with potential impacts on their financial standings within a four-day window.
10 Cyber Insurtech Companies Driving Innovation for the Industry
Cyber insurance is now a priority expense for any reputable business. Insurtech Insights lists 10 companies disrupting space and driving growth in the sector
CyRisk Partners with Munich Re Specialty’s Reflex Cyber Risk Management Programme
CyRisk, a leading player in cyber management and data analytics, has made a significant announcement regarding its enrolment in Munich Re Specialty’s respected Reflex Cyber Risk Management programme.
Reinsurers Report Underwriting Profits Amid Prudent Approach to Property Risks, says AM Best
The global reinsurance sector has marked a return to underwriting profitability in the past year, although a circumspect attitude towards property casualty risks persists, according to analysis by AM Best.
Allianz Asia Pacific Reports Robust Growth Q1 and Q2
Allianz Asia Pacific has released its financial performance for the first half of 2023, highlighting impressive growth across its regional operations.
Venteur Raises $7.6 Million Seed Round Led by GSR Ventures
Venteur, the digital health startup helping companies provide personalised health insurance options to their employees, has closed a seed funding round at $7.6 million.
Unqork’s Codeless Platform Available on Google Cloud Marketplace
Unqork, the leading Codeless as a Service platform, has announced the availability of the Unqork platform on Google Cloud Marketplace.
Charles Taylor InsureTech presents the new version of InHub 1.1.
Charles Taylor InsureTech, a leading provider of technological solutions for the global insurance market, introduces the new version of InHub, a native cloud platform specialised in insurance.
Liberty Co. Brokers Secures US$340 Million in Funding Led by J.P. Morgan, RBC and Fifth Third Bank
The Liberty Company, a prominent property/casualty insurance broker headquartered in Florida and renowned as one of the largest in the nation, has triumphantly unveiled its accomplishment in securing a substantial US$340 million funding injection.
Finding Insurance Down the Back of Your Sofa: The Potential of Embedded Insurance in E-Commerce
Megan Bingham-Walker, CEO and Co-Founder of Anansi explores the opportunities embedded insurance offers e-commerce and the retailer
Oka, The Carbon Insurance Company™, Announces Partnership with Sylvera
Oka has announced its new partnership with carbon data firm Sylvera. The collaboration will enable Oka to hone its market-leading carbon insurance solutions by integrating its modeling capabilities with Sylvera’s sophisticated carbon project assessment data.
New Issue of Insur.Tech.Talks Features Clara Analytics and Climate Tech
Check out the latest issue of Insu.Tech.Talks, edited by Insurtech Insights President, US, Megan Kuczynski
Majesco Ranks 23rd on the Top 100 Software Companies List
Majesco, a global leader of cloud insurance software solutions for insurance business transformation, today announced it has secured the #23 spot in the Software Report Top 100 Software Companies of 2023.
CLARA Analytics Launches Extended Capabilities to Empower Insurance Carriers
CLARA Analytics (“CLARA”), a leading provider of artificial intelligence (AI) technology for insurance claims optimisation, announces extended capabilities that empower insurance carriers to extract critical information from legal demand documents.
FINEOS Secures US$40 Million in Latest Funding Round
FINEOS has impressively clinched a $40m investment to fortify its financial foundation in its latest funding drive.
Aktia Life Partners with Sapiens to Transform Core Life Insurance Systems
Sapiens International Corporation, a leading global provider of software solutions for the insurance industry, announced today that Aktia Life, one of Finland’s top life insurers with approximately 100,000 customers, has chosen Sapiens as their partner to lead their core system transformation via Sapiens CoreSuite for Life and Pensions.
Harford Mutual Insurance Group Reveals Merger with ClearPath Mutual
Harford Mutual Insurance Group has announced that it has received final approval from the Maryland Insurance Administration of the Merger Agreement with ClearPath Mutual Insurance Company (“ClearPath Mutual”), a monoline workers’ compensation carrier headquartered in Louisville, Kentucky.
McKenzie Intelligence Pilots Ground-Based Imagery to Boost (Re)Insurers’ US Hurricane Response
McKenzie Intelligence Services (MIS), a leading provider of geospatial intelligence to (re)insurers, announces it is piloting CAT360, an initiative in which ground-level imagery is introduced to MIS’ Global Events Observer (GEO) platform, in addition to the already provided satellite and aerial imagery.
Australian Insurtech SafetyCulture raises US$21.7 million, Raises Valuation to $1.7 Billion
Australian insurtech unicorn, SafetyCulture has recently announced its raised US$21.7 million in funding in a round led by Morpheus Ventures, Marbruck Investments and Index Ventures.
Hippo Temporarily Halts All New Business US-Wide
Hippo has made the unexpected decision to temporarily halt all new business activities across the entire country.
Marsh, Aon and WTW Latest to Join PPL’s Next-Gen Risk Platform
Ten leading brokers have successfully integrated into Placing Platform Limited’s (PPL) Next Gen risk placement platform, including Marsh, Aon and WTW. Additionally, McGill & Partners and Guy Carpenter have recently adopted the platform.
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