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.
Frankfurt-Based InsurTech Thinksurance Raises €22m in Latest Funding Round
Thinksurance, an InsurTech firm specialising in digital insurance consultations, has successfully raised a hefty €22m in its latest funding round.
Driver Technologies Raised US$6 Million in Latest Funding Round
Driver Technologies, an AI-based mobility tech company, has announced the successful completion of a $6 million strategic funding round.
Atlantic InsurTech startup QuickFacts secures US$1.13m for Canadian expansion
Halifax-based startup QuickFacts, an insurtech dedicated to improving the insurance industry with technological disruption, has confirmed the successful completion of a funding round securing $1.13m.
First Hard Market Cycle in US Cyber Insurance Segment Brings Return to Profitability, Says AM Best
AM Best’s Market Segment Report says the first hard market cycle in US cyber insurance segment is brings return to profitability.
Chubb Limited Board Approves New Share Repurchase Programme worth US$5 Billion
Chubb has announced that its Board of Directors has granted approval for a new share repurchase programme worth $5 billion.
Capitola Introduces GPT Technology into Its Commercial Insurance Platform
Capitola, the digital marketplace for commercial insurance that connects brokers and carriers, today announced the introduction of GPT technology into its commercial insurance platform.
Microsoft Hong Kong Forms Strategic Partnership with OneDegree Global
Singapore-based technology startup OneDegree Global has formed a strategic partnership with Microsoft to drive insurtech and cybersecurity innovations powered by ChatGPT technology.
Aon launches Cutting-Edge Pricing Platform
The insurance broker Aon has unveiled its latest offering in the form of a cutting-edge pricing platform.
LEADERSHIP SPOTLIGHT: Paul Latarche, CCO for Swiss Re Reinsurance Solutions, Talks Digital Transformation and New Trends
Paul Latarche joined Swiss Re Reinsurance Solutions in September 2022 from Verisk, where he led the international sales team, having joined the company towards the end of 2018 as Chief Commercial Officer – Sequel Business Solutions.
MSAM on the use of AI and Automation in the Insurance Industry
MS Amlin Marine NV (MSAM) partnered with AI automation specialist omni:us and recently adopted a number of AI-drive processes earlier this year. We find out how that integration has transformed the company’s claims, data management and customer experiences.
Instabase Launches Generative ‘AI Hub’ to Democratise Access to Content Understanding
As Instabase announces the launch of AI Hub – a repository of AI apps focused on content understanding and a set of generative AI-based tools to transform the customer experience – we caught up with Bas de Goei, Instabase Insurance Leader, to find out more.
Cover Whale Ushers in New Era of Insurtech with Industry’s First Chief AI Officer
Cover Whale Insurance Solutions, Inc., a prominent commercial trucking insurance provider and fast-growing insurtech, has appointed Darien Acosta as its Chief Artificial Intelligence Officer (CAIO)
Protection: A Market in Need of a Lifeline
Rory Yates, CSO, SVP, Global Head of Strategy for EIS, examines challenges in the protection market and solutions that are driving change.
Cowbell Announces a New Partnership with Skyward Specialty Insurance Group Inc
Cyber insurtech Cowbell has announced a partnership with Skyward Specialty Insurance Group Inc. to enhance its cyber insurance offerings for small and medium-sized enterprises (SMEs).
Why RPA in Insurance is a Transformative Force
Andrey Koptelov, an innovation Analyst at Itransition, discusses the transformational benefits of adopting RPA in the insurance industry.
Chubb, Zurich, AXA, Beazley Among Leaders driving a CAGR of 26.57% in the Cyber Insurance Market, Report says
The cyber insurance market is predicted to reach US$64.49 billion by 2030, with CAGR of 26.57%, according to a new report by Market Research Future (MRFR), that says industry leaders including Chubb, AXA, Zurich and Beazley are driving growth in the sector.
Brazilian Insurtech Sami Raises US$18 Million in Series B Round
Sami, a pioneering Brazilian insurtech and primary care startup, has successfully raised $18 million in their Series B funding round.
LEADERSHIP SPOTLIGHT: Gary Hoberman, CEO & Founder of Unqork on Innovating Cutting-Edge Technology
Gary Hoberman is a technologist way ahead of his time. He is the man behind Unqork, the first completely visual, enterprise-grade codeless platform
Socotra Partners with Ledgebrook to Target Underserved Wholesale Broker market
Prominent MGA, Ledgebrook, has announced its partnership with Socotra, a next-generation core platform provider for modern insurers, to launch a new platform targeting the underserved wholesale broker market.
Tokio Marine Forges New Strategic Partnership with Akur8
Tokio Marine Insurance Group (Asia) has forged a new partnership with Akur8, a pioneering insurance pricing technology company.
IptiQ teams up with Monstarlab to Report on Data and Behavioural Science in the Health Insurance Sector
Monstarlab and IptiQ by Swiss Re, have teamed up to present a new report on the health insurance industry, that examines ways to reduce costs and improve risk factors.
How to Help Prevent Water Damage by Shutting it off at the Source
Matt Adcock, Director of Business Dev, Insurance Channels at Resideo, discusses how water damage can be curbed by closing it off at the source
Clearcover Continues to Invest in The Agency Distribution Channel
Clearcover has launched Agent Hub, which provides an innovative, streamlined experience from onboarding to support
What drives trust in digital insurance?
Robert Burr, Chief Executive Officer, iptiQ, explores what drives trust in digital insurance and how the industry can improve through innovative solutions
Insurtech Insights USA 2023 to Open Next Week in New York
Insurtech Insights USA will open its doors to over 6,000 stakeholders in the future of insurance.
Swiss Re Launches Centre of Competence for Renewable Energy
The global reinsurer Swiss Re has announced the launch of its new Centre of Competence for Renewable Energy.
Marsh McLennan’s Guy Carpenter Announces Acquisition of Re Solutions
Guy Carpenter, a global risk and reinsurance specialist and a Marsh McLennan business, has announced the acquisition of Re Solutions, the leading independent reinsurance broker in Israel.
Simplifai Launches Groundbreaking Generative AI Tool for Insurance Industry
Simplifai, a leading provider of AI automation solutions, has unveiled Simplifai InsuranceGPT, a revolutionary custom-built Generative Pre-trained Transformer (GPT) tool powered by their no-code AI platform.
Cover Genius Surpasses 25 Million Policies Sold
Cover Genius has surpassed 25 million policies sold, safeguarding more than 14 million customers worldwide, new data shows
How AI Innovation could be used to Stop 100 Million Preventable Injuries in the Workplace
Josh Butler, CEO CompScience, examines the potential of AI to create a safer workplace and prevent environmental risk factors from impacting employee health
Planck Revolutionises Business Risk Analysis with Integration of Latest GPT Technology
Planck, the leading provider of AI-enhanced business risk data for commercial insurers, has announced the integration of the latest generative pre-trained transformer (GPT) technology into its platform.
Capgemini and Google Cloud Launch Global Generative AI Center of Excellence to Drive Innovation
Capgemini and Google Cloud have announced a significant expansion of their long-standing strategic partnership in data analytics and artificial intelligence (AI).
Akur8 Partners with HDI Seguros as part of LATAM Expansion
HDI Seguros Colombia has joined forces with Akur8, an insurance pricing solution driven by machine learning. The partnership aims to optimise HDI Seguros Colombia’s pricing process in the Colombian market, following the successful implementation of Akur8’s solution in Chile last year.
Swiss Re Research Shows High-Tech Countries Don’t Trust AI
New research from the insurance giant Swiss Re, has revealed that countries with the greatest digital advancements are far less trustful of AI than developing nations.
STARTUP STORY: David McFarland, CEO of Coterie on the Highs and Lows of Launching a Startup
Founded in 2018 by CEO, David McFarland, along with fellow co-founders, Kevin Mackey, and Tim Metzner, Coterie is headquartered in Cincinnati, Ohio and provides bespoke small business insurance services.
AXA XL announces Vicky Roberts-Mills as the New Head of Energy Transition
AXA’s specialty division, AXA XL, has announced the appointment of Vicky Robert-Mills to the newly created position of Head of Energy Transition.
Verisk Acquires Morning Data, Expanding Solutions for Insurance Market
Verisk has successfully acquired Morning Data, a leading supplier of cutting-edge software to brokers and managing general agents (MGAs) worldwide, including the London market.
Lloyd’s Withdraws from Net Zero Insurance Alliance, Joining Growing List of Major Players
In a significant development, Lloyd’s, the renowned insurance and reinsurance market, has announced its resignation from the Net Zero Insurance Alliance (NZIA), becoming the tenth major player to do so
STARTUP STORY: Jenny Cohen Derfler, CEO of Air Doctor, Talks Health and Travel
Air Doctor, the brainchild of its CEO, Jenny Cohen Derfler, connects travellers to medical experts worldwide through its state-of-the art app, which serves customers through their insurers for a streamlined process.
State Farm stops issuing new homeowners insurance applications
State Farm General Insurance has stopped accepting new homeowner insurance applications following a rise in ‘catastrophe risks’ the insurance giant stated.
Allianz Trade Joins Forces with 4Trans Amid 350% Growth Surge
Fintech firm 4Trans has forged a strategic partnership with Allianz Trade, aiming to deliver enhanced financial solutions and credit insurance to small and medium-sized enterprises (SMEs) operating in the European supply chain sector.
Insurers Facing Political Attacks are Threatening Climate Risk Pricing, Warns Former BoE Carney’s Climate Alliance
As AXA, Allianz and Sompo join the list of insurance giants exiting from NZIA, GFANZ co-chair, former Bank of England Chairman, Mark Carney, points the finger at political pressure
FIVE Key Findings from the 2022 NAIC Insurance Department Resources Report
AgentSync’s Holly Monroe explores the data revealed in the NAIC’s 35th Insurance Department Resources Report
Generative AI Insurtech Sixfold raises US$6.5 Million in Seed Funding
Generative AI looks set to revolutionise risk assessment for insurers as innovative insurtechs like Sixfold raise the interest of investors
AXA Venture Partners Reveals Plans to Raise US$1.6 Billion Fund for Tech Startup Investments
AXA Venture Partners (AVP) has recently unveiled its ambitious goal of raising a €1.5 billion ($1.6 billion) late-stage fund.
New Report from Majesco Reveals Disparities Between Customer Expectations and Services
Majesco, a global leader in cloud insurance software solutions, has released a thought-provoking report titled “Bridging the Customer Expectation Gap: Property Insurance.”
Lloyd’s announces Rachel Turk as Chief Underwriting Officer
Lloyd’s, the world’s leading marketplace for commercial, corporate and specialty risk solutions, today announces the appointment of Rachel Turk in the new role of Chief Underwriting Officer.
Mulberri Unveils AI-Powered Risk Engine to Enhance Workers Compensation, Underwriters’ Decision Making and Profitability
Mulberri has unveiled its revolutionary AI-powered risk engine to enhance workers compensation, streamline underwriters’ decision making and boost profitability
Cowbell Bolsters Underwriting Leadership Ahead of the UK and Tech E&O Expansion
Cowbell, the leading provider of cyber insurance for small and medium-sized enterprises (SMEs), announced it is bolstering its underwriting capabilities with new additions to its UK and US teams.
Marshmallow Secures US$18.6 Million Investment Backing from Triple Point Private Credit
The London-based motor insurtech company, Marshmallow, has announced a significant milestone in its growth journey with the procurement of a $18.6 Million three-year revolving credit facility from investment firm Triple Point Private Credit.
AIG Divests Validus Re to Streamline its Business Model in US$4.5 billion Deal
AIG has divested Validus Re to RenaissanceRe in an acquisition deal worth a reported $4.5 billion
Eigen Technologies Announces Launch of New GPT Integration
Eigen Technologies has announced the launch of its new integration with GPT via its no-code AI-Powered platform.
AXA Adopts the CoverGo Platform to Enhance Health Claims Processes
AXA has announced it is adopting the CoverGo platform to enhance health claims processes and elevate customer experience
Zurich Innovation Championship Programme has Announced 13 Winners
Zurich Insurance Group has selected 13 startups to take part in the latest edition of the Zurich Innovation Championship.
LEADERSHIP SPOTLIGHT: J.C. Brueckner, CEO and President of SCOR talks Solution Strategies and Future-Proofing
As the Life Division, President & CEO – US at SCOR Global Life, J.C Brueckner has spent several decades leading prominent companies in the Life insurance space. In this exclusive interview with Insurtech Insights, he talks about his successful career trajectory, industry challenges and his hopes for the future of insurance.
Akur8 Partners with Bradesco Seguros to Enhance Risk Modelling in Brazil
Akur8, the next-generation insurance pricing solutions has forged a strategic partnership with Bradesco Seguros, a company under the Bradesco Seguros Group umbrella, specialising in auto and property insurance.
ITI USA 2023 Holding Expert Panels to Deep-Dive AI
Insurtech Insights USA 2023 is holding a series of in-depth expert panel sessions, exploring the impact of AI on the insurance industry.
LEADERSHIP SPOTLIGHT: From Football to Funding Rounds, Kyle Nakatsuji of Clearcover
Kyle Nakatsuji is the dynamic CEO and Co-Founder of Clearcover – one of the fastest-growing auto-insurtech startups in the USA. We caught up with him to find out more.
Socotra Launches Connected Core in AWS Marketplace
Socotra has announced the availability of the first insurance policy core platform in the AWS marketplace, Connected Core
Real Estate Insurtech Obie Raises US$25.5 Million in Latest Funding Round
Insurtech Obie has raised $25.5 million in its Series B funding round, following a $10 million Series A raise in 2021.
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
