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Cowbell Partners with Zywave to Boost Cyber Insurance Solutions for SMEs
Cowbell has announced its strategic partnership with leading solutions provider, Zywave.
Coalition Announces Plans to Launch Cyber Reinsurance MGA
Coalition, a cyber insurtech firm led by Joshua Motta, is in discussions to establish a new cyber reinsurance Managing General Agent (MGA) with a focus on writing third-party treaty business, The Insurer has reported.
Insurtech DGTAL Secures US$3.2 Million in Strategic Funding
DGTAL, a pioneering insurtech specialising in AI-powered tools for insurance portfolios, has successfully secured US$3 million in strategic funding from various investors.
CLARA Analytics Raises US$24 Million in Series C Funding Round to Boost AI Adoption
CLARA Analytics, a leading provider of artificial intelligence (AI) technology for insurance claims optimisation, today announced its $24 million Series C funding, bringing its total funding to $60 million.
Allianz Releases Net Zero Transition Plan, Affirming 2050 Sustainability Commitment
In a bold move towards combatting climate change, Allianz has unveiled its comprehensive net-zero transition plan.
Cowbell Expands Partnership with Cloudflare to Boost its Cyber Insurance Risk Modeling
Cowbell has announced a new integration with Cloudflare, the security, performance, and reliability company helping to build a better Internet.
Guy Carpenter Unveils Cutting-Edge Catastrophe Analytics Platform, GC AdvantagePoint
Guy Carpenter, a leading global risk and reinsurance specialist, has introduced the latest iteration of its catastrophe analytics platform, GC AdvantagePoint.
Insurity Reveals New Solution to Implement Frictionless Regulatory Changes
Insurity, a provider of cloud-based software and analytics for insurance carriers, brokers, and MGAs, has unveiled Circ, its cutting-edge regulatory solution designed to monitor, analyse, interpret, and execute regulatory modifications.
Verisk Launches First Predictive SRCC Data Model for Political Violence Insurers
Verisk Maplecroft, the risk intelligence business arm of Verisk, has launched a new predictive strikes, riots, and civil commotion (SRCC) data model, providing forecasts for thousands of global locations on the potential for damaging civil unrest events to emerge.
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
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.
Nubank Launches Home Insurance in Partnership with Chubb, Boosting Protection Portfolio
Nubank, one of the world’s largest digital financial services platforms, launched Nubank Lar Seguro, a home insurance offering, in partnership with Chubb, the world’s largest publicly traded property and casualty insurer. Nubank Lar Seguro will become available to eligible customers in Brazil over the next few months.
Waterdrop Launches Digital Intelligence-Driven Risk Management Solution at Inslab Insurance Technology Festival
Waterdrop Inc., a leading technology platform focused on insurance and healthcare services, recently introduced an innovative digital intelligence-powered risk management approach at the 2023 Inslab Insurance Technology Festival in Zhejiang province, China
Nuveen’s C-PACE Lending Fund Secures US$525 Million From Six Insurers
Nuveen and Nuveen Green Capital have launched a new fund, which has started with $525 million from six major insurance companies.
Planck Keeps Customers at the Leading Edge of GenAI Technology
While the industry buzzes about the potential impact of generative AI, Planck customers are already experiencing the benefits
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
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
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.”
Cyber Insurtech Coalition Acquires Privacy App Jumbo
Cyber insurance startup Coalition has announced its acquisition of the privacy assistant app Jumbo.
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.
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.
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.
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.
Singlife Enters MOU with Microsoft to Empower Singaporean Insurtech Startups with AI
Insurtech company Singlife has entered into a Memorandum of Understanding with technology giant Microsoft to facilitate the adoption of generative artificial intelligence (AI) among high-growth insurance startups in Singapore.
AI is Reshaping the Insurance Market with Key Players Embracing Innovation
AMA Research & Media LLP has released its latest insights on Artificial Intelligence (AI) in insurance market, citing the work of key market players, including Lemonade, Snapseed, Liberty Mutual, Insurify and Clearcover.
Corvus Insurance Implements AI Enhancements in Underwriting Platform
Leading cyber underwriter, Corvus Insurance (Corvus), has introduced new AI-driven features to its underwriting platform, aiming to enhance workflow efficiency and automate routine tasks.
Central Insurance Expands its Partnership with AI-Driven Shift Technology
Central Insurance, a leading insurance company, has expanded its partnership with Shift Technology, a provider of AI-powered decision automation and optimisation solutions for the insurance industry.
New MAPFRE Report Urges Insurance Industry to Adopt Responsible AI Practices
Global insurer MAPFRE has released a comprehensive research report urging the insurance industry to embrace artificial intelligence (AI) responsibly, safely, and reliably.
Spanish Insurtech Bdeo Raises US$8.2 Million for Expansion of AI-Powered Insurtech Visual Intelligence
Bdeo, a rapidly growing technology company specialising in Visual Intelligence for the insurance and fleet industries, has successfully raised an additional $8.2 million in funding to fuel its international expansion and solidify its position in Europe and Latin America.
Ten Cyber Insurance Providers Protecting Businesses from Cyber Threats
In today’s digital landscape, cyber security insurance has become an essential safeguard for businesses against data breaches, malware attacks, and cybercrime.
Protection Gaps Widening Worldwide, According to Swiss Re Report
The protection gap is widening on a global scale in response to a range of factors, including the economic crisis and natural catastrophes, says a new report from reinsurance giant, Swiss re.
Zurich Launches Insurance Affordability Resource to Aid Australians amid cost pressures
Zurich Financial Services Australia (Zurich) has introduced an insurance affordability resource in response to the ongoing cost-of-living pressures faced by Australians, driven by inflation and rising interest rates.
Arbol launches parametric reinsurance on RiskStream’s blockchain platform
Insurtech Arbol and The Institutes RiskStream Collaborative have announced that the dRe insurance solution had gone live on RiskStream’s blockchain platform. dRe uses smart contracts for reinsurance calculations on chain.
AI-Powered Insurtech Platform Parrot Raises $11 Million in Series A Funding
Parrot, a technology-based court reporting firm, announced today its groundbreaking AI-enabled platform aimed at assisting insurance providers and legal firms in expediting case resolutions and reducing costs.
Measured Insurance, Canopius & SCOR Collaborate to Offer Cyber Insurance to Midsize US Businesses
Canopius, a global specialty lines re/insurer, and Measured Analytics and Insurance, an AI-powered cyber insurance provider, have announced a new partnership to offer cyber insurance and cybersecurity solutions to small and midsize businesses in the US.
LEADERSHIP SPOTLIGHT: Ben Bergsma, Principal VC at Munich Re Ventures, Talks Resilience, ClimateTech and Investment
Ben Bergsma is the Principal VC at Munich Re Venture and is an industry leader when it comes to insurtech investment. Insurtech Insights finds out more
UK Boosts Tech and Insurance Support for Companies Assisting Ukraine’s Rebuilding Efforts
The United Kingdom has announced new funding and insurance support for businesses involved in the reconstruction of Ukraine following Russia’s illegal invasion.
Novidea Enhances Insurance Management Platform to Boost Operational Efficiency Worldwide
Novidea, the creator of the cloud-based, data-driven enterprise insurance management platform, has announced significant new enhancements to its award-winning insurance management software.
Insurance Duo to Unveil Plan for £1bn Listed Lloyds Vehicle
London-listed SPAC Financials Acquisition Corp will unveil plans to raise £500m on Wednesday and form London Innovation Underwriters, a pure-play Lloyd’s vehicle, Sky News reports.
bolttech Included in AIFinTech100 2023 Ranking
Leading insurtech company bolttech, has announced its inclusion in the prestigious AIFinTech100 2023 ranking.
Californians Face Increasing Struggles to Obtain Auto and Home Insurance
Auto insurance in California is becoming increasingly difficult to obtain, as insurance agents report challenges in finding quotes for clients who would have easily secured coverage just a year ago, news reports states.
CogniSure AI and Federato Partnership set to Revolutionise Commercial Lines Underwriting
CogniSure AI, a leading provider of cutting-edge insurance document extraction and analytics solutions, has joined forces with Federato, the pioneering RiskOps underwriting platform for Property & Casualty (P&C) and Specialty insurance.
Hong Kong Could Soon Overtake London, Singapore, Tokyo as International Insurance Hub
Hong Kong could surpass London, Tokyo, and Singapore as the international insurance hub, industry experts predict in latest report.
bolttech, BNP Paribas and Back Market Forge New Partnership
BNP Paribas Cardif, bolttech, and Back Market have announced a collaboration to offer an ambitious upskilling programme for the repair industry within the insurtech sector.
AIB Joins Forces with Great-West Lifeco to Launch AIB Life
AIB (Allied Irish Banks) and Great-West Lifeco have joined forces to launch a new technology-led joint venture called AIB Life.
Intelligent AI Solves US$433.8 Billion Commercial Property Underinsurance Problem
Intelligent AI, a UK-based startup, says its new data-driven platform has solved the US$433.8 billion commercial property underinsurance problem, and has issued a public statement detailing the triumph
Howden Strengthens Marine Offering with Acquisition of Northern Lloyd
Global broker Howden has bolstered its marine business by acquiring Bremen-based broker Northern Lloyd, a renowned player in Northern Germany’s marine insurance sector.
Zywave honours top cyber risk performers
Insurtech provider Zywave recognised top performers in the cyber risk industry at the 10th annual Cyber Risk Awards on Thursday. The event took place at Gotham Hall in New York City.
Revolut and Qover’s New Protection Enables Users to Cancel Trips and Events for Any Reason
Insurtech Qover has announced a second partnership with Revolut, the global financial super app with more than 30 million retail customers worldwide, to provide embedded insurance for its new trip and event cancellation cover.
Insuring the Uninsurable: How Breach is Transforming Investment Risk in the Crypto Market
Eyhab Aeyjaz, the CEO and Co-Founder of Breach Insurance, is leading the charge when it comes to securing investments in the digital asset space through his scaling insurtech start-up, Breach. Here, he speaks to Insurtech Insights about the challenges and opportunities for crypto insurance
Omni:us is a global winner in Zurich Innovation Championship for its AI-Powered Digital Claims Adjuster Platform
omni:us, a leading provider of AI-powered end-2-end insurance claims automation solutions, has announced it is one of the global winners in the 2023 Zurich Innovation Championship for its Digital Claims Adjuster platform.
Insurance Industry reacts to Lemonade’s Two-Second Claim Settlement with Mixed Responses
The insurance industry has reacted with mixed views on the news that AI-powered insurtech, Lemonade, facilitated a claim settlement in just two seconds, setting a new speed precedent for the insurance industry.
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