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Blink Parametric Expands into Africa with MAWDY Partnership
Irish Insurtech Blink Parametric Enters Sub-Saharan Market, Launching in Kenya with Flight Disruption Solution
Lloyd’s Reports £4.9 Billion Profit, £30.6 Billion Gross Written Premium and an 83.7% Combined Ratio at Half Year Results
Lloyd’s, the world’s leading marketplace for insurance and reinsurance, today announced a strong set of results for the first six months of 2024, with an overall profit before tax of £4.9bn (HY 2023: £3.9bn).
Cambridge Mobile Telematics Expands European Presence with New Leadership in France
Cambridge Mobile Telematics (CMT), the world’s leading telematics service provider, has further strengthened its European operations by appointing Rima Khetab as the Director of Sales for France and Benelux.
STARTUP STORY: Canopy Connect CEO and Founder Tolga Tezel
The idea for Canopy Connect sprang from a chance conversation at a dinner – and was prototyped over a weekend. Insurtech Insights talks to Tolga Tezel about his extraordinary startup journey.
Aviva Signs Deal with Nirvana
Aviva, a leading insurance and financial services company, has entered into a strategic partnership with Nirvana, a media, tech, and cyber Managing General Agent (MGA), to launch a new European cyber insurance binder
GoHealth to Acquire e-TeleQuote Insurance
GoHealth, a prominent health insurance marketplace, has announced a significant step forward with its acquisition of e-TeleQuote Insurance, a well-regarded player in the Medicare insurance market.
Bishop Street Underwriters to Partner with Skyward Specialty
Bishop Street Underwriters, a multi-boutique insurance platform owned by RedBird Capital Partners, has announced a strategic joint venture with Skyward Specialty Insurance Group, a prominent player in the specialty property and casualty market.
Clear Group Announces Acquisition of Accelerate Underwriting
The Clear Group, an independent insurance broker based in London, has acquired managing general agency Accelerate Underwriting.
VIG Re announces the appointment of Tobias Sonndorfer as new CEO
VIG Re has announced that effective January 1, 2025, Tobias Sonndorfer will succeed Johannes Martin Hartmann as Chief Executive Officer and Chairman of the Board of Directors in line with the established succession plan.
WTW, Canopius, and Verita Launch New Property Insurance Facility
WTW has partnered with Canopius and Verita Capital Solutions to introduce a new property insurance facility called the Client Edge Facility.
Sirius Point Announces Travel Partnership with Gigasure
SiriusPoint, a global specialty re/insurer, has entered a strategic partnership with travel insurtech Gigasure, a company that provides customisable insurance policies for travellers and backpackers.
Cambridge Mobile Telematics Receives Frost & Sullivan’s 2024 Market Leadership Award for Innovation in Telematics Insurance
Cambridge Mobile Telematics (CMT) has been honored with Frost & Sullivan’s 2024 Market Leadership Award for its pioneering contributions to the telematics insurance and connected claims industry.
BuddyID Announces Partnership with Pets Best
BuddyID, a global leader in microchipping and lost pet recovery for over 30 years, has announced a new partnership with Pets Best pet health insurance.
Ryan Specialty to Acquire Ethos Specialty Insurance’s P&C MGUs from Ascot Group
Ryan Specialty has announced a definitive agreement to acquire the property and casualty managing general underwriters (MGUs) of Ethos Specialty Insurance from Ascot Group.
Zurich Launches Climate Resilience Alliance
Zurich Insurance Group and its corporate foundation, the Z Zurich Foundation, have launched the Zurich Climate Resilience Alliance (the Alliance) to assess current levels of resilience within vulnerable communities and implement appropriate solutions to climate hazards.
Alan Thomas Announced as Incoming CEO of Ripe
Ripe, the UK Digital MGA, has today confirmed the appointment of Alan Thomas, former UK CEO of Simply Business, to fuel the company’s next stage of growth.
Bikmo Announces Partnership with Destination Sport Experiences
Bikmo has announced a new partnership with Destination Sport Experiences, the parent company of Sportive Breaks and Marathon Tours & Travel.
Hexaware Announces Partnership with Earnix
Hexaware, an IT services and solutions provider, has announced a partnership with Earnix, a global leader in AI-based SaaS pricing and rating solutions for financial services.
Zyber Announces Partnership with Citalid
Zyber Insurance, a US-based firm, has announced a partnership with Citalid, the leading European Cyber Risk Quantification (CRQ) platform.
Verisk Reports Record Natural Catastrophe Losses
Verisk, a leading global provider of data analytics and technology, reports that the average annual loss (AAL) from global natural catastrophes has reached $151 billion, with $119 billion from non-crop losses.
Kenyan Watchdog Approves Majority Stake in Monarch
The Competition Authority of Kenya (CAK) has approved the proposed acquisition of a 51% shareholding in Monarch Insurance by a consortium of three firms: Ondoba, Kenyoro, and Equico Thirteen.
Earnix Adopted by Co-operators General Insurance
Earnix, a leading global provider of intelligent decisioning SaaS solutions for financial services, has announced that Co-operators General Insurance Company, a major Canadian financial services co-operative, has successfully implemented the Earnix Enterprise Rating Engine.
Aon Appoints Mike Cane and Yen Chu Choo as Capital Advisory Leaders
Aon has strengthened its capital advisory services with the appointments of Mike Cane as Capital Advisory Leader for the UK and Yen Chu Choo as Capital Advisory Leader for Asia Pacific (APAC).
Dual UK Announces Acquisition of IPP
DUAL UK, the specialist underwriting arm of Howden Group, has announced its acquisition of International Passenger Protection (IPP) in both the UK and Malta, pending regulatory approval.
Turtlemint Announces Plans for Acquisitions
Turtlemint Group, operating under Fintech Blue Solutions, is broadening its revenue streams beyond its core insurtech platform. The company plans to pursue acquisitions significantly larger than its previous deals to drive the expansion.
Rising Edge to Acquire AMANIKI
Rising Edge Ltd has announced an agreement to acquire AMANIKI GmbH, a move that will enable the company to launch a suite of Transactional Liability insurance products.
Tower Announces Partnership with HealtCare Plus
New Zealand insurer Tower has announced a new partnership with HealthCarePlus, aimed at providing members of education and public services unions with access to a range of its insurance products, including house, contents, and motor insurance.
Experian Launches Car Insurance Monitoring Feature
Experian has introduced a new feature in its Insurance Marketplace that aims to ease the burden by automating the search for better rates.
Eventipe Unveils Partnership with Protecht
EventPipe, a leader in event housing management software, has unveiled Booking Protection in collaboration with embedded insurtech Protecht.
Inszone Announces Acquisition of A&B Insurance
Inszone Insurance Services, which recently acquired Keith Williams Insurance Agency in Texas, has once again expanded its portfolio by acquiring A&B Insurance Agency in Marin County, California.
IAT Chooses CLARA to Boost Claims Processing
IAT Insurance Group, the Specialty P&C Insurance carrier, has selected CLARA Analytics’ product Claims DocIntel Pro as its newest AI platform to support its auto and general liability claims process.
Sapiens Releases Updated P&C Software
Sapiens, the insurance software specialist, has launched Version 12.0 of its Sapiens CoreSuite for Property & Casualty (P&C) for the North American Insurance market.
Qover Taps Numeral and HSBC Innovation Banking Partnership to Enhance Embedded Payments
Qover has teamed up with Numeral and HSBC Innovation Banking UK to enhance its claim payout experience through advanced embedded payment solutions.
EMPOWERING INSURANCE: Angela Hunter on Revolutionising Insurance as Senior Advisor & CEO Across Asia Pacific
Angela Hunter, a leading figure in the insurance and healthcare sectors, leverages her extensive experience as a CEO, Board Member and now as a Senior Adviser to drive transformative change across Asia Pacific. We caught up with her to find out more
Flowcode Announces Partnership with Insurtech REIN
Flowcode, a marketing technology platform, has entered into a partnership with REIN, an embedded insurance technology company, to simplify the process of purchasing insurance. The collaboration aims to enhance the ease with which customers can obtain quotes and secure coverage.
FCA Launches Investigation into Life Insurance Practices
The UK Financial Watchdog has launched an investigation into whether insurance companies are taking advantage of “vulnerable” customers who take out policies designed to financially protect them and their families in case of serious illness or death.
Cold Creek Insurance Agency Announces Partnership with EZLynx
EZLynx, a subsidiary of Applied, has been selected by Cold Creek Insurance Agency to provide its management system, along with the Tarmika commercial lines quoting tool, to establish a solid technological foundation for the agency’s growth.
InsurancePadosi Raises $500k Pre-Seed Round
InsurancePadosi, an Indian insurtech startup, has announced that it has successfully raised $500,000 in a pre-seed funding round led by the global early-stage VC Antler.
SageSure Announces Partnership with Markel
SageSure, the Managing General Underwriter, has announced a partnership with Markel that will see SageSure Expanded Markets distributing Markel’s insurance products.
Redline Launches Property Facultative Reinsurance Solution
Redline Underwriting has launched a new comprehensive property facultative reinsurance solution aimed at Commercial and Industrial Property risks across Mexico, Central and South America, and the Caribbean.
Root Insurance Announces Partnership with Goosehead Insurance
Root Insurance has announced it is partnering with Goosehead Insurance, a rapidly growing personal lines agency, aiming to redefine the agent experience.
Omio Expands Travel Insurance Cancellation Product
Omio, a travel platform for booking trains, planes, buses and ferries, has announced the expansion of its product Omio Flex, which provides the ability to cancel journey tickets.
GM Insurance Expands to Georgia, Marking Rapid Growth Across Eight States
General Motors Insurance has officially expanded its car insurance offerings to Georgia, continuing its rapid growth across the United States.
AM Best Report Reveals Implications of IFRS17
A recent AM Best report has found that the shift towards International Financial Reporting Standards (IFRS) 17 marks a significant transformation in financial reporting, especially within the reinsurance market. This change has created the need for a new approach to performance analysis.
FWD Announces Strong Financial Results for H1 2024
FWD Group Holdings Limited announced strong financial results for the first half of 2024, covering the six months ending on 30 June.
redalpine Closes $200 Million Fund
redalpine, the European Venture Capital firm, has today announced the successful closure of its largest-ever fund, “redalpine Capital VII (RAC VII),” at $200 million.
KOHO Launches Renters Insurance in Partnership with Walnut
KOHO, the Canadian fintech, has expanded its financial product suite by offering a new tenant insurance policy to its members in partnership with Walnut Insurance.
Insurity Survey Reveals Shift in Consumer Priorities for Insurance Providers Amid Severe Weather Concerns
A recent survey by Insurity, a leading provider of cloud-based software and analytics for the insurance industry, has revealed a notable shift in consumer priorities when choosing insurance providers, especially in the face of increasing severe weather events.
Bikmo Announces Partnership with Association of Cycle Traders
Bikmo, a leading cycling insurtech, has announced it is entering a three year partnership with the Association of Cycle Traders (ACT), the UK’s largest and most established cycle trade membership organisation.
PCF Completes Acquisition of 360 Insurance
PCF Insurance Services has announced the completion of the acquisition of 360 Insurance, a Nevada-based insurer.
Nexus Launches Alternative Risk Transfer Practice
Nexus Group, the Specialty MGA, has announced it is launching a new Alternative Risk Transfer (ART) business, which will be led by Christof Bentele, President of Nexus Specialty Casualty.
Carpe Data Announces Partnership with EverPeak Insurance
Carpe Data, a leading provider of predictive data for the insurance industry, has announced a partnership with EverPeak Insurance to create a new workers’ compensation solution developed by Pinnacol Assurance.
Ascot Launches Capital Platform to Support Expansion
Ascot Group, the Bermuda-based global specialty insurer, has announced the launch of a unified capital management platform, Leadline Capital Partners, to support their expanded third-party capital business.
Guidewire Reveals Extensive Wildfire Risk Database
Guidewire, a leading developer of software solutions for the insurance industry, has announced the release of critical data and maps detailing wildfire risk in the United States, available at national, state, and local levels.
Accession Risk Secures $1 Billion to Support Expansion
Accession Risk Management Group, the parent company of One80 Intermediaries and Risk Strategies has announced it has successfully raised $1 billion in financing to support its growth and continued expansion.
Tesla Reports Q2 Insurance Results Amidst Expanding Operations and Industry Challenges
Tesla has reported its financial results for the second quarter of 2023, showcasing robust growth in its insurance operations across multiple states, despite ongoing challenges and recent controversies.
CSIO Launches Cybersecurity Learning Programme
The Centre for Study of Insurance Operations (CSIO) has introduced an online cybersecurity learning programme aimed at bolstering the defences of Canadian businesses against the growing threat of cybercrime.
RiverStone Chooses Aimii For AI Integration
Aimii, an AI-specialist, has announced it is partnering with RiverStone International, a leading global acquirer and reinsurer of legacy and discontinued insurance business.
Chubb Switzerland Expands Coverage with New Home Insurance for High Net Worth Individuals
Chubb, a leading global insurance provider, has introduced a new home insurance product specifically tailored for high net worth clients in Switzerland.
Alliant to Launch Commercial Surety Practice
Alliant Insurance Services has announced the launch of Alliant Commercial Surety, a new product targeting the commercial surety market.
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