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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.
Resilience Raises US$100 Million in Latest Series D Round
Resilience, a leading cyber risk solution company headquartered in San Francisco, has successfully raised $100 million in a Series D equity financing round.
12 Insurtech Funding Rounds Defying Market Drop Predictions for the Industry
As the latest industry reports show insurtech funding to be falling, recent investment rounds, including several startups in the Middle East and Africa, are bucking the trend and scaling fast.
Empowering Insurance: Alexis Cierra Vaughan, Cowbell’s AVP of Agency Marketing, talks cyber challenges in today’s digital market
In the second instalment of our series, Empowering Insurance, which spotlights women driving change in the industry, we spoke to Cowbell’s AVP of Marketing, Alexis Cierra Vaughan about challenges, changes and AI innovation in the growing cyber insurance space.
Source Insurance extends partnership with WhenFresh
Source Insurance has extended its partnership with WhenFresh to streamline and accelerate advisers’ quotation process.
Loadsure Introduces Innovative Ocean Cargo and Stock Throughput Insurance Covers
Leading insurtech Loadsure has made a groundbreaking announcement regarding the launch of its cutting-edge digital ocean cargo and stock throughput insurance products, named “Danube – Dynamic Ocean Cargo Insurance” and “Huron.”
UK Insurtech Reaches US$21 Billion Enterprise Value, says McKinsey
The UK Insurtech Sector has reached a new record milestone as McKinsey reports its US$21 Billion Enterprise Value, establishing global dominance in the industry
Embrace Change, Unlock Growth: How Insurers Can Capitalise on the Next Wave of Regulation
Rory Yates, SVP Corporate Strategy, Global, EIS, examines the potential opportunities open to insurers as a new wave of regulations hits the industry
Bikmo Partners with Caravan and Motorhome Club to Offer Exclusive Cycle Insurance Options to Members
Bikmo, a renowned specialist insurance provider for cyclists, has announced its exciting partnership with the esteemed Caravan and Motorhome Club.
Allianz Trade Launches Business Fraud Insurance to Combat Rising Fraud in the UK
Allianz Trade, the world’s leading trade credit insurer, has introduced a new standalone fraud insurance product to assist businesses in tackling the surge in employee fraud and external scams in the UK post-pandemic.
Empowering Insurance: Monica Garcia Cristóbal, Director of Transformation for MAPFRE Spain Talks Tech Trajectory
In the first of our new series Empowering Insurance, which features disruptive female leaders in the industry, we caught up with Monica Garcia Cristóbal, Head of Transformation for MAPFRE Spain, to talk career trajectory, technology and trends
Zurich Lists 10 Cyber Controls that will Help SMEs Thwart 70% of Cyberattacks
Zurich Insurance Group (Zurich) and researchers at one of the world’s leading universities ETH Zurich have identified 10 controls that can reduce the risk of becoming a victim of the most common cyberattacks by up to 70%.
INZMO Launches e-Scooter Insurance Product to Meet Surging Demand in Germany
Berlin-based insurtech INZMO has launched a new e-scooter product following growing demand in the marketplace.
Bain Capital Raises US$1.15 Billion for Pioneering Insurance Investment Fund
Private equity firm Bain Capital has successfully raised $1.15 billion for its inaugural fund dedicated exclusively to investments in the insurance industry.
UK Car Insurance Premiums Reach Record High, Surpassing Previous Peaks
Car insurance premiums in the UK have hit their highest levels ever, as reported by WTW and Confused.com.
Ukraine Cargo Insurance Policy Suspended as Russia Withdraws from Grain Deal
In a significant development, a cargo insurance facility that provided coverage for Ukraine’s grain shipments through a secure sea corridor has been suspended following Russia’s withdrawal from a United Nations-backed agreement.
LEADERSHIP SPOTLIGHT: Dolphin Technologies CEO, Harald Trautsch Talks Telematics and Life-Saving Innovations
As a pioneer in the telematics technology space, Harald Trautsch, Founder and CEO of Dolphin Technologies is passionate about improving safety through technology and the insurance industry.
Personal Lines Retraction of Property Insurance in Florida & California Could Trigger Commercial Market Expansion
In response to escalating catastrophe exposures, several major personal lines insurers have recently halted the writing of new residential property insurance policies in California and Florida.
Outdated Pricing Practices Hindering Specialty and Commercial Insurers, Survey Finds
Despite the abundance of risk data available to Specialty and Commercial insurers due to digitalisation, a recent survey conducted by independent research firm Coleman Parkes for pricing decision intelligence leader hyperexponential reveals that the sector’s pricing practices and technology fail to harness the full potential of data for better pricing and portfolio decisions.
Hailstone Labs Invests in OneDegree to Advance Digital Asset Legalisation
Hailstone Labs, a prominent Web3 venture studio based in Hong Kong, has recently announced a strategic investment in OneDegree Group, an insurtech company with a strong presence across Asia.
Clark UK and Swiss Re’s iptiQ Collaborate to Launch New ‘Over 50s’ Life Insurance Product
Clark UK, formerly known as Candid, has strengthened its strategic partnership with iptiQ by introducing its own ‘over 50s’ life insurance product for the UK market.
Renewbuy Secures $40 Million from Dai-ichi Life Holdings in Ongoing Series D Funding Round
Mumbai-based insurtech startup, Renewbuy, has successfully raised US$40 million in funding from Dai-ichi Life Holdings, a prominent insurance company based in Japan.
MCE, UK’s Leading Motorcycle Insurance Provider Enters Administration
MCE Insurance Limited, self-proclaimed as the premier provider of motorcycle insurance in the UK, has entered into Administration.
Madison Mutual Insurance Company Partners with Akur8 to Boost Pricing Capabilities Across Personal Lines
Madison Mutual Insurance Company (MMIC) has partnered with Akur8, and will use the insurtech’s Risk and Rate modeling solution to update its pricing processes.
Insurtech Tractable Secures US$65 Million in a Series E Funding Round led by SoftBank Vision Fund 2
Insurtech company Tractable, based in London, has secured $65 million in a Series E funding round led by SoftBank Vision Fund 2
MGA, Nexus Underwriting, has Finalised its Acquisition of Evolve Cyber Insurance Services LLC
Leading MGA, Nexus Underwriting, has successfully finalised its acquisition of Evolve Cyber Insurance Services LLC, an MGA based in California specialising in cyber insurance.
FIVE Female-Led Insurtechs Leading Disruption in 2023
Despite the challenging market environment, insurtech startups are thriving. Insurtech Insights lists FIVE key players, with female founders and CEOs, that are driving change in the marketplace
Inflation Mitigation: How Insurers can Protect Themselves Against Price Pressure
EIS Ltd’s SVP of Corporate Strategy, Rory Yates, examines the challenges facing insurance leaders as they seek greater agility and resilience in today’s transforming climate
CLARA Analytics Announces Expansion Plans in APAC Region
CLARA Analytics, a prominent provider of artificial intelligence (AI) technology for optimising personal injury claims, is making significant strides in expanding its presence in the Asia-Pacific region.
Tensorflight and Socotra Join Forces to Set a New Standard for the Property Insurance Industry
Tensorflight, a leading computer vision, property data, and insights provider has joined forces with Socotra, a company providing a modern, cloud-based platform for technology-driven insurers.
Reinsurance Newcomer Augment Receives US$100 Million in Funding from Altmont Capital Partners
Augment, a promising new London-based player in the reinsurance industry, has made a significant impact with its launch, following a substantial funding boost of up to $100 million from Altamont Capital Partners, a private equity firm.
Zurich Insurance Launches Groundbreaking Embedded Zurich Edge in Asian Markets
Zurich Insurance has made a significant stride in the insurance industry by introducing its cutting-edge suite of solutions for digitally embedded insurance across all Asian markets, Zurich Edge.
STARTUP STORY: Sivan Iram, CEO of Capitola, Talks Investment and Tech
Sivan Iram launched Capitola – an insurtech digital marketplace that connects brokers and underwriters – in 2021. In April, the startup generated US$15.6 million in its Series A round. Insurtech Insights finds out more.
How to Innovate Faster: Generali’s Stefano Bison Discusses Applying Digital Strategy to Legacy Systems
In the second instalment of our series, ‘How to Innovate Faster,’ in collaboration with FintechOS, we spoke to Generali’s Group Head of Business Development, Partnerships & Innovation, Stefano Bison
Hourley.io Announces New Partnership with Nationwide
Hourly.io has partnered with Nationwide, a leading provider of insurance and financial services, to strengthen Hourly’s network of over 3,000 independent insurance producers.
Howden Becomes Principal Partner and Sponsor of The British & Irish Lions
Insurance broker Howden has entered into a four-year partnership with The British & Irish Lions, becoming a principal partner and the official front-of-jersey sponsor for the upcoming 2025 Lions Tour to Australia.
QBE Adds Former CEO of AXIS Insurance to Board as NED
QBE Insurance Group has announced the addition of Peter Wilson, the former CEO of AXIS Insurance, to its group board as a non-executive director (NED). .
Slide Insurance Secures an Additional US$100 Million in Reinsurance Protection
Slide Insurance, a full-stack insurtech specialising in affordable homeowners coverage, has successfully priced its latest catastrophe bond, securing an additional $100 million in reinsurance protection.
Akur8 partners with Canal Insurance for state-of-the-art Risk and Rate Modelling
Akur8, the creator of next-generation insurance pricing solutions employing transparent machine learning, has teamed up with Canal Insurance Company, a leading commercial insurance provider.
BofA Predicts Continued Hard Market in Reinsurance Due to Limited Capital Inflows
Europe’s major reinsurers forecasted to benefit from favourable market conditions in 2024 due to the absence of new capital inflows during the ongoing hard market cycle, according to BofA Securities analysts.
Forge Insurance Partners with Majesco to Drive Innovation and Speed to Market
Forge Insurance, a leading specialist commercial auto insurer catering to the small business segment, has selected Majesco P&C Intelligent Core Suite and Majesco Digital Agent360 to boost their business growth, innovation, and bring new products to market.
Lemonade’s 2023 Giveback Programme Donates Over US$2 Million to 58 Charities Chosen by Customers
Lemonade, the AI-driven digital insurance company with a focus on social impact, has announced the results of its 2023 Giveback program, marking the seventh consecutive year of giving back to numerous local and global charities selected by its customers.
Beazley Releases Risk & Resilience Report: Changing Perceptions of Cyber and Technology Risks
Leading cyber insurer Beazley has published its latest Risk & Resilience report titled “Spotlight on: Cyber & Technology Risks 2023.”
CareVoice Announces Strategic Partnership with InsureMO for Enhanced Insurance Solutions
CareVoice, a provider of embedded health solutions for insurers, has entered into a strategic partnership with InsureMO, the leading insurance middleware platform.
AXA Completes Acquisition of Groupe Assurances du Crédit Mutuel España for US$335 Million
Global insurer AXA has finalised the acquisition of Groupe Assurances du Crédit Mutuel España (GACM España), a prominent property and casualty (P&C) and health insurance subsidiary in Spain.
Inadequate Repair Data for Damaged EV Batteries Result in Higher Insurance Costs, say Experts
Car insurance companies are facing a significant challenge due to the lack of reliable diagnostic data for electric vehicle (EV) batteries involved in accidents, leading them to declare mildly damaged vehicles as total losses.
Cyber Insurtech Coalition Acquires Privacy App Jumbo
Cyber insurance startup Coalition has announced its acquisition of the privacy assistant app Jumbo.
France Riot Damage Results in US$715 Million Insurance Bill, Says Industry Body
The riots that erupted in France following the police killing of a teenager have led to an insurance bill of $715 million, according to an industry body.
Insurtech Firm Sigo Seguros Secures US$5.1m in a Pre-Series A Funding Round
Sigo Seguros, a rapidly expanding insurtech company renowned for its Spanish-first approach, delivers auto insurance services predominantly for immigrant and working-class communities.
True Flood Risk Joins Guidewire’s Insurtech Vanguards Programme
True Flood Risk, a leading property data and risk management platform specialising in flood risk, has announced its participation in Guidewire’s Insurtech Vanguards programme.
Cover Genius Partners with AudienceView as Live Entertainment Sales Soar by 251% in 12 months
Insurtech experiences 251% increase in live entertainment sales in 12 months as more event venues and ticketing platforms add refund protection to their online experience
Socotra Partners with Steadily to Enhance Insurance Solutions through API Integration and Support
Socotra, a leading provider of modern core platforms for innovative insurers, has announced its collaboration with Steadily, the top-rated landlord insurance solution in America.
Global Insurance Industry to Demonstrate Resilience Despite Economic Slowdown and Inflation, Swiss Re Institute Reports
Global economic growth has exceeded expectations in the first half of 2023, but experts anticipate a slowdown in the coming months.
Bees360 and Hosta a.i. Forge Partnership to Transform Property Insurance Claims
Bees360, the top provider of drone-enabled property inspection services powered by artificial intelligence (AI), and Hosta AI, the most advanced provider of AI-enabled interior property inspections powered by more than a decade of MIT research, have partnered to transform the insurance claims process.
Eigen Technologies Appoints First COO and CISO
Eigen Technologies (Eigen), the global intelligent document processing (IDP) provider, today announces the appointment of David Brooks and Simon Hogg as its first Chief Operating Officer (COO) and first Chief Information Security Officer (CISO) respectively.
Zego Transforms Claims Management With In-House Team
Leading commercial motor insurer, Zego, has announced a significant advancement in its claims handling capability, with both the growth of its in-house team and its implementation of an innovative in-house case management system.
German Insurtech Hepster Secures US$11 Million in Funding Round
Hepster, a leading embedded insurance startup, has raised $11 million in its latest funding drive and has emerged as a key player in the rapidly advancing insurtech landscape.
Allianz Report Reveals Top Emerging Liability Trends for Professional Services
Allianz has unveiled the top emerging liability trends in the professional indemnity space for 2023.
Aon Report Shows Florida’s Insurance Market May be in Recovery
The Florida insurance market has made a significant turnaround during the 2023 mid-year renewal, providing a much-needed boost to the state’s insurers, according to Aon’s Reinsurance Market Dynamics report.
AI-Powered Crop Insurance Launched by ARS & Definity
Agi3 Risk Services (ARS) and Definity Financial Corporation have launched an AI-powered crop insurance solution called AgriEnhance.
Capgemini’s Research Shows Executives Believe GenAI’s Benefits will Outweigh the Concerns
Capgemini Research Institute’s latest report found that despite apparent risks, such as copyright infringement or cybersecurity, nearly three-quarters (74%) of executives believe the benefits posed by generative AI outweigh the associated concerns.
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