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Swiss Re Report Predicts Prolonged Elevated Mortality Rates in the US and UK Due to Lingering COVID-19 Impact
A new report from the Swiss Re Institute suggests that excess mortality in the US could remain up to 3% higher than pre-pandemic levels by 2033, with the UK facing a potential 2.5% increase.
Onsurity Raises $21 Million in Series B Funding Led by Creaegis, Closing Round at $45 Million
SME-focused insurtech startup Onsurity has raised an additional $21 million, led by private equity firm Creaegis, to complete its Series B funding round at $45 million.
Akur8 Secures $120 Million in Series C Funding to Boost Growth and Innovation
Akur8, the AI-powered insurance pricing and reserving platform, has raised $120 million in its latest Series C funding round, bringing its total funding to $180 million.
Ledgertech Wins 2024 InsurTech Innovation Award, Partners with Romania’s First Fully Digital Insurer
Ledgertech has secured the 2024 EMEA InsurTech Innovation Award at The World’s Digital Insurance Awards, recognized for its leadership in embedded insurance solutions.
Nirvana Secures $US24.2 Million in Series A Funding to Transform Health Insurance Verification
Nirvana, a pioneering health tech company specialising in insurance verification and eligibility with machine learning and artificial intelligence, has announced a successful $24.2 million Series A funding round.
Sun Life US Enhances Claims Connectivity Across Disability, Health, and Dental Products
Sun Life US is advancing its claims integration by enabling members to file a single claim for multiple benefits, streamlining access to disability, supplemental health, stop-loss, and dental coverage.
Prudential Partners with RightCapital to Enhance Financial Planning for Advisors
Prudential Financial has announced a new partnership with RightCapital, expanding its presence on digital financial planning platforms aimed at empowering retail advisors with tech-forward tools.
Guidewire’s HazardHub Releases Critical Hurricane Risk Data and Storm Surge Maps
Guidewire (NYSE: GWRE) has announced the availability of comprehensive data and maps detailing hurricane risk across the U.S., powered by HazardHub’s extensive dataset of over 1,000 climate risk factors.
Sedgwick Secures $1 Billion Investment from Altas Partners, Valued at US$13.2 Billion
Sedgwick, a global provider of insurance claims management, loss adjusting, and technology-enabled business solutions, has announced a $1 billion investment from North American private equity firm Altas Partners. This strategic partnership values Sedgwick at $13.2 billion.
Daniel Schreiber Confirmed as Headline Speaker at Insurtech Insights Europe, 2025
Lemonade CEO and Co-Founder, Daniel Schreiber will headline as a main stage speaker at Insurtech Insights Europe 2025.
EverPeak Insurance Expands to South Carolina
EverPeak Insurance, a workers’ compensation provider, has officially launched its services in South Carolina. The announcement follows the company’s recent expansion into Arizona earlier this week.
Allstate Financial Services Partners with Foresters Financial to Expand Life Insurance Portfolio
Allstate Financial Services has selected global life insurer Foresters Financial as a key provider for its U.S. life insurance offerings.
Akur8 Partners with Heritage Insurance to Boost Predictive Modeling and Pricing Analytics
Akur8, a cutting-edge insurance pricing platform leveraging transparent machine learning, has announced a new partnership with Heritage Insurance, a leading property and casualty insurance company based in Tampa, Florida.
Cytora Partners with Mitiga Solutions to Boost Insurers’ Climate Risk Resilience
Cytora, a leading digital risk processing platform, has announced a partnership with Mitiga Solutions, a provider of science-based climate risk intelligence, to enhance insurers’ ability to assess and manage climate-related risks.
Sun Life Announces Leadership Changes in Canada
Sun Life Financial has announced significant leadership changes within its Canadian division. Effective September 30, 2024, Jacques Goulet will take on the role of Executive Chair, Sun Life Canada, while Jessica Tan will succeed him as President of Sun Life Canada.
Mammoth Partnering with Marathon to Insure Communities of Colour
Mammoth Life and Reinsurance Company has announced an exclusive strategic partnership with The Marathon Group to provide $1 billion in life insurance benefits to communities of colour.
Voya Financial to Acquire OneAmerica Financial’s Full-Service Retirement Plan Business
Voya Financial and OneAmerica Financial have entered into a definitive agreement for Voya to acquire OneAmerica Financial’s full-service retirement plan business.
Cinven acquires 50% of Policy Expert from ADIA Dhabi Investment Authority
Policy Expert, the award-winning home and motor insurance provider, has secured new backing from international private equity firm Cinven to support its expansion and growth strategy.
NEAT Protect Secures €50 Million in Series A Funding to Revolutionise Insurance Industry
NEAT Protect, a leading provider of embedded insurance solutions based in Paris, has raised €50 million in a Series A funding round, led by Hedosophia, with support from Mundi Ventures, ETFS Capital, Athletico Ventures, and existing investors.
Ledgebrook Raises $17 Million Series B Round
US-based insurtech managing general agent (MGA) Ledgebrook has raised $17 million in a Series B funding round.
HDI Launches New Life Sciences Offering
HDI Global Insurance Company, the US branch of the global commercial insurer HDI Global SE, has announced the launch of its new excess Life Sciences Liability policy.
Optalitix Raises Additional US$3 Million Led by Calculus Capital to Boost Ambitious Growth Strategy
Optalitix, the specialist insurance and finance software provider, today announced a follow-on fundraising round of US$3 million led by existing investor Calculus Capital, with participation from 24 Haymarket and others.
Assuria N.V. Boosts Digital Transformation with Equisoft’s Policy Administration System
Assuria N.V., the largest insurance provider in Suriname, is advancing its digital transformation by adopting Equisoft’s cloud-based policy administration system and advisor tools.
Beazley Publishes Latest Cyber Risk Report
Beazley, a leading specialist insurer, has published its latest Risk & Resilience report: Spotlight on Cyber & Technology Risk 2024, which explores how businesses perceive increasing cyber threats, tech disruption, and intellectual property risks amid rapid technological advances.
Envelop Risk Launches Specialist Cyber Product
Envelop Risk, a specialist in cyber reinsurance and analytics, has launched a new services division called Envelop Risk Solutions, aimed at providing comprehensive support to insurers and reinsurers looking to strengthen their cyber capabilities.
Trupanion Launches Product in Germany and Switzerland
Trupanion, a provider of medical insurance for cats and dogs, has launched its signature product in Germany and Switzerland, marking a key milestone in the company’s European expansion.
AI Takes the Wheel: Are Human Insurance Jobs in the Fast Lane to Automation?
The recent news that leading BNPL fintech, Klarna, has shed 700 staff (half its workforce) following the adoption of AI tools – and is more streamlined and profitable than ever before – should come as a wake-up call to many in the financial services space.
Markel Launches Insurance Policy for Fintech Firms
Markel, the insurance arm of Markel Group Inc, has launched its new FintechRisk+ insurance policy, reinforcing its commitment to offering market-leading coverage and service solutions for fintech firms navigating an increasingly complex landscape.
Sigo Seguros Closes Successful $10.5 Million Series A
Sigo Seguros, a car insurance startup dedicated to serving underserved communities, has raised $10.5 million in a Series A funding round.
WTW Partners with Kayna to Deliver Next-Gen Affinity Insurance for UK and US SMEs
WTW has announced a new partnership between its Affinity Insurance division and Kayna, an award-winning insurance infrastructure platform.
FWD Extends Partnership with Insead
FWD Group Holdings Limited (FWD Group or FWD) has announced a four-year extension of its partnership with INSEAD, aimed at providing top-tier leadership development for its leading agency figures.
Tokio Marine Kiln Launches Specialty Reinsurance Division
Tokio Marine Kiln (TMK) has announced the launch of a new Specialty Reinsurance division as part of its growth and diversification strategy, with Phil Taylor appointed to lead the initiative.
Coalition Launches Reinsurance Intermediary
Coalition has launched its reinsurance intermediary, Coalition Re, with the goal of providing capacity for cyber reinsurance treaties and furthering its mission to protect underserved businesses.
LIMOSS and Charles Taylor Announce Partnership
LIMOSS and Charles Taylor have announced a partnership which will provide the Delegated Data Manager (DDM) as an elective market service through LIMOSS.
Akur8 Acquires Arius to Enhance Reserving Solutions for Insurance Industry
Akur8, a provider of machine learning-based insurance pricing solutions, has announced the acquisition of Arius®, a property and casualty (P&C) reserving software.
Starkweather & Shepley Launches AI-Automation Platform
Starkweather & Shepley Insurance Brokerage, Rhode IIsland’s largest insurer, has launched an AI-powered platform designed to streamline the insurance procurement process and optimise underwriter risk assessment.
Cogitate Announces Partnership with One Inc, Streamlinng Insurance Payments
Cogitate, a cloud-native provider of core policy, billing, and claims systems for the insurance industry, has announced it is partnering with One Inc to streamline the payment process for insurers and policyholders.
Swiss Re Institute Finds Litigation Costs Drove US Liability Claims by 57% over past decade
Social inflation has emerged as a key factor behind the surge in US liability claims, according to Swiss Re Institute’s newly launched Social Inflation Index.
AON Expands Bermudan Reinsurance Platform
AON, a global leader in professional services, has announced a significant expansion of its Bermuda reinsurance platform, aimed at enhancing transactional and capital optimisation solutions while fostering profitable growth opportunities for clients.
Swiss Re Anticipates Rising Reinsurance Demand Amid Global Volatility
Swiss Re is forecasting an increase in demand for reinsurance protection due to heightened natural catastrophe risks, macroeconomic instability, and geopolitical tensions.
Connect Underwriting Launches Specialist Emerging Markets MGA
Connect Underwriting Limited, a specialist reinsurance MGA, has announced the launch of BRICS UW (BRICS), a reinsurance MGA designed to provide capacity to emerging markets, pending regulatory approval.
Aon and Marsh McLennan Urge (Re)Insurance Industry to Support Ukraine’s Economic Resilience
Global insurance brokers Aon and Marsh McLennan have called on the (re)insurance industry to leverage its capital, expertise, and historical role in fostering economic resilience to aid Ukraine’s recovery and post-conflict reconstruction efforts.
NFP Acquires Scott Litman Insurance Agency to Expand Habitational Risk Expertise
NFP, an Aon company and a leading property and casualty (P&C) broker, has acquired Scott Litman Insurance Agency (SLIA), a Calabasas-based firm specializing in habitational risk.
MSI Announces Investment in Asian MGA, Serenity Health
Mitsui Sumitomo Insurance (MSI), part of the MS&AD Insurance Group, has announced a strategic investment in Serenity Health Partners Pte. Ltd., a Singapore-based company focused on health insurance.
McGill and Partners appoints Nick Williams-Walker as Group Chief Operating Officer
McGill and Partners, the independent global specialty insurance and reinsurance broker, has announced the appointment of Nick Williams-Walker as Group Chief Operating Officer, effective from 23 September 2024.
Thatch Raises US$38 Million in Series A to Transform Health Benefits
San Francisco-based health benefits startup Thatch has secured $38 million in a Series A funding round, led by Index Ventures and General Catalyst.
AXA UK & Ireland Announces Appointment of Rahul Gumber as Chief Risk Officer
AXA UK & Ireland has announced the appointment of Rahul Gumber as its new Chief Risk Officer, pending regulatory approval.
Clyde & Co Growth Report Shows Insurance M&A Falls to New Low
The first half of 2024 marked a significant downturn in insurance carrier M&A, with only 103 deals completed, the lowest figure in 15 years, according to Clyde & Co’s mid-year Growth report.
BenefitPoint’s New AI Automation Revolutionises Broker Workflows
Vertafore, the leader in modern insurance technology, announced its latest innovation to empower benefits brokers: automated importing for SBC data into BenefitPoint.
Demex Group Closes Succesful $10.25million Series A
The Demex Group, a risk analytics and intelligence firm specialising in stop-loss reinsurance protection, has raised $10.25 million through a Series A and previous SAFE funding round, led by Congruent Ventures. Moxxie Ventures, MetaProp, and existing investor Blue Bear Capital also participated.
Insurity Announces Partnership with Gain Life
Insurity, a leading provider of cloud-based software and analytics for insurance carriers, brokers, and MGAs, has announced a strategic partnership with Gain Life, a company specialising in enhancing the claims process through behavioural economics and AI.
Korint Insurtech Secures €5 Million to Drive Digital Transformation in Insurance
Korint Insurtech, a rising player in the digital insurance space, has raised €5 million in a funding round led by venture capital firm Ventech, with continued support from 360 Capital.
Root Insurance Partners with First Connect to Streamline Auto Insurance for Independent Agents
Root Insurance has announced a new partnership with First Connect Insurance Services, a digital platform that provides independent agents access to multiple carriers and Managing General Agents (MGAs).
HBX Announces Partnership with Battleface
The partnership with battleface will allow HBX Group to provide its clients and partners insurance products that are “highly customisable” and available to residents in over 180 countries.
Moody’s Announces Acquisition of Praedicat
Moody’s Corporation has acquired casualty insurance analytics provider Praedicat, building on its 2021 acquisition of RMS and further expanding its investments in analytics and the casualty insurance market.
Onfleet Announces Partnership with Fairmatic
Onfleet, a last-mile delivery management software platform, has announced a new integration partnership with Fairmatic, a provider of commercial auto insurance that rewards fleets with savings for safe driving.
Collinson and NAB Announces Credit Partnership for Australia
Collinson, a global leader in customer benefits and loyalty, has announced a strategic partnership with National Australia Bank (NAB) to offer global airport lounge access to NAB’s Rewards Signature credit cardholders in Australia in the event of a flight delay.
Marsh and Zurich Call for Improved Cyber Resilience
A new whitepaper from Marsh McLennan and Zurich Insurance Group highlights the urgent need for greater public sector involvement to bolster societal resilience against catastrophic cyber events.
Lloyd’s CEO Warns of UK Tax Rises Amid Strong Market Performance
John Neal expresses concerns over potential impact on investment as Lloyd’s of London posts robust first-half results.
Cytora Announces Art Partnership with Overstone
Cytora has announced a strategic partnership with data-driven art evaluator Overstone, enabling speciality insurers to access Overstone’s art intelligence via Cytora’s digital risk processing platform.
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