Technology
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.
Chubb Announces it is Unifying its Korean Brands under Lina
Chubb, the global insurance group has announced it is uniting its three Korean affiliates under the Lina brand, aiming to bring to synergies through the integration of the different brand identities.
LEADERSHIP SPOTLIGHT: Frank Perkins, CEO and Founder of inari
Insurtech Founder and CEO, Frank Perkins launched inari in 2017 to help legacy system-based insurance companies digitally transition. Insurtech Insights caught up with him to find out more.
Federal Bank’s Customers to Gain Access to Tata AIA Life Insurance’s Product Suite through Partnership
Federal Bank, one of the largest private banks in India has announced a Bancassurance partnership with Tata AIA Life Insurance Co Ltd, one of India’s pre-eminent life insurance companies. The alliance will allow the Bank’s customers to access Tata’s comprehensive insurance product suite.
Top Speaker Sessions Unveiled for Insurtech Insights USA 2024
Insurtech Insights USA 2024, the premier gathering for innovators and leaders in the insurance technology industry, is excited to announce its lineup of top speaker sessions taking place at the Javits Center on June 5th and 6th.
Bowhead Specialty Partners with Kalepa’s Copilot to Optimise Underwriting Experience
Insurance underwriter Bowhead Specialty has announced it is deploying Kalepa’s Copilot underwriting platform to utilise its advanced AI for improved risk selection and optimal customer experience.
Ascend and Mylo Announce Strategic Partnership Driving Forward Insurance Industry
Ascend, a leading provider of financial operations automation software has announced it is partnering with insurtech leader Mylo connecting individuals and business owners with insurance products from over 100 carriers across multiple coverage lines.
FintechOS Completes $60 million Series B+ Round
FintechOS, a leading end-to-end financial product management platform, has announced it has completed a successful $60 million Series B+. The round was led by Molten Venture, Cipio Partners, and BlackRock alongside existing investors EarlyBird VC, OTB VC, and Gapminder VC.
Bindable to Partner with Honey Quote Enhancing Home Insurance Options for Floridians
Bindable, an insurtech focussed on alternative distribution solutions has announced it is partnering with HoneyQuote, a home insurance comparison tool which is reshaping the way homeowners buy insurance in Florida.
Mental Health Insurtech ifeel Raises US$20 Million in Series B
ifeel raises US$20 million to save millions in mental health-related disability, productivity and claims for insurance companies and corporates around the world
British Insurtech Bondaval Raises £15 million to Launch New Reinsurance Vehicle
Bondaval, a British insurtech which provides protection against payment defaults has secured backing from a leading European Venture Capital.
APOLLO Raises US$13.4 Million to Launch Buy-Now-Pay-Later Subsidiary Finshore
Canadian Insurtech APOLLO has raised US$13.4 million to establish its buy-now-pay-later (BNPL) subsidiary, Finshore. FinShore will provide a fully embedded monthly payment option to over 100,000 Canadians who are insured with Apollo.
Authentic Insurance Closes US$11 Million Series A Round
Authentic Insurance, a New-York based insurtech startup has raised US$11 million in a Series A funding round led by First Mark Capital, with participation from Slow Ventures, Altai Ventures, MGV, Upper90, and Commerce Ventures.
Stride to Partner with Roadie and its 200,000 Drivers
Stride has announced it is partnering with Roadie to provide comprehensive support to independent drivers across the USA.
Pool Re to Partner with Optalitix and Implement New Treaty and Claims Management System
Optalitix, the award winning insurtech specialising in data analytics solutions, announced today that it is partnering with Pool Re to implement a new end-to-end treaty and claims management system with full auditability and enhanced reporting.
Corvus Expands its Small Business Cyber Offering whilst Doubling Underwriting Offer
Corvus Insurance, a leading cyber underwriter powered by a proprietary AI-driven cyber-risk platform, has announced that it will expand its underwriting capabilities and cyber services for policy holders.
Swiipr Secures US$7.6 Million to Revolutionise Airline Disruption Payments
Swiipr, a travel paytech company announced it has secured US$7.6 million in funding to further develop its platform aimed at disrupting and revolutionising airline disruption payments.
One80 Launches Pioneering AI Warranty Coverage in Partnership with Armilla AI
One80 Intermediaries, a Boston-headquartered specialty insurance broker has revealed an innovative AI warranty coverage for enterprises which was developed in partnership with Armilla AI.
discovermarket to Enter the Philippines in Partnership with Globe
Swiss-based Insurtech discovermarket has announced its entry into the Philippine market through a partnership with Globe. The collaboration aims to introduce embedded Personal Cyber Insurance, targeting Globe’s existing Platinum subscribers.
Lloyd’s and the Bermuda Monetary Authority sign MoU Committing to Fostering Innovation and Education
Lloyd’s, the world’s biggest marketplace for insurance and reinsurance, today revealed it has signed a Memorandum of Understanding with the Bermuda Monetary Authority (Authority OR BMA) committing to working in partnership to support, develop and share knowledge across the international insurance market.
Group Medical Services Partners with CoverGo to Transform its Digital Ecosystem
Group Medical Services (GMS), the Canadian Health Insurance provider has announced it is partneringwith no-code SaaS CoverGo, to transform its digital ecosystem.
Marsh McLennan Announces Sentrisk, an AI-powered Solution to Assess Supply Chain Risk Management
Marsh McLennan, the Global Re/Insurance broker has announced the launch of Sentrisk, an AI-Powered platform which offers integrated advisory services. Sentrisk aims to reshape the way that businesses manage their global supply chain risks.
Lloyd’s Lab Opens Applications for its 13th Cohort
Lloyd’s Lab, the renowned 10-week innovation accelerator, is now accepting applications for its 13th cohort.
LEADERSHIP SPOTLIGHT: Josh Ofman, MD, MSHS, and President of GRAIL
Josh Ofman, President of GRAIL, shares insights on his medical career, advancements in cutting-edge cancer detection, and transformative healthcare technologies.
Sentiment Analysis: The Power of Large Language Models
In recent years the focus on Environmental, Social and Governance (ESG) has grown and an organisation’s actions in these areas can have a considerable impact on overall reputation.
MAPTYCS Inc. Partners with Munich Re to Strengthen Property and Climate Risk Management
MAPTYCS Inc., a prominent firm specialising in property and climate risk exposure management, has entered a strategic partnership with Risk Management Partners (RMP), a division of Munich Re.
Transcarent Introduces GPT-4 Powered AI Bot for Health Insurance Assistance
Transcarent, which provides a comprehensive health and care experience for employees and their families led by Glen Tullman, has launched an AI-driven solution on May 15, 2024, to simplify healthcare navigation.
CLARA Analytics and Origami Risk Form Partnership to Accelerate AI Adoption
CLARA Analytics, a provider of AI technology for insurance claims optimisation, has expanded its partnership with Origami Risk, a risk, safety, and insurance SaaS provider.
WTW and Riskonnect Partner to Launch on Analytical Tool for Enhanced Risk Management
WTW has announced a partnership with Riskonnect, a provider of risk management software solutions, to pilot an analytical tool that connects claims and exposure data through WTW’s new Risk IQ API.
Cowbell Introduces GenAI-Powered Underwriting Tool to Enhance Efficiency
Cowbell, a leading provider of cyber insurance for small and medium-sized enterprises (SMEs), has launched Prime Tech with Cowbell Co-Pilot, a generative AI solution designed to streamline underwriting within its Prime Tech offering.
Swiss Re Launches AI Enhanced Version of Life Guide Underwriting Manual
Swiss Re has introduced an enhanced version of its market-leading Life & Health underwriting manual, Life Guide. The updated version features Swiss Re Life Guide Scout, an underwriting assistant powered by Generative AI.
Tesla Recalls 3,878 Cybertrucks Over Faulty Accelerator Pedal, Amid Insurance Challenge Warnings
Tesla is recalling 3,878 Cybertrucks to address a faulty accelerator pedal pad that could come loose and become trapped in the interior trim.
PwC Achieves Guidewire Migration Acceleration Specialisation
PwC has achieved the Guidewire Migration Acceleration Specialisation, aimed at facilitating insurers’ transition to Guidewire Cloud with enhanced efficiency and cost-effectiveness.
ICEYE Raises US$93 Million in Oversubscribed Growth Funding Round Led by Solidium Oy
ICEYE, a global leader in satellite-powered disaster management solutions, has finalised a definitive agreement for an oversubscribed US$93 million growth funding round, with Solidium Oy at the forefront.
Coalition Boosts Cyber Risk Management with Microsoft 365, Google Workspace, and Amazon Web Services Integrations
Cyber insurtech Coalition has revealed new integrations between its cyber risk management platform, Coalition Control, and leading cloud services providers Microsoft 365, Google Workspace®, and Amazon Web Services.
Sayata Introduces AI-Driven Risk Engine for Small Commercial Insurance Underwriting
Sayata, a leading provider of innovative insurance solutions tailored for small and medium-sized businesses (SMBs), has launched the Sayata Risk Engine.
YASSI Joins Guidewire’s Insurtech Vanguards Programme
Yotta Automated Software Solutions Inc. (YASSI), a company renowned as the premier platform for real-time vehicle lienholder, registration, and title data, has announced its participation in Guidewire’s Insurtech Vanguards programme.
Coalition Boosts Cyber Insurance Policies with Affirmative Artificial Intelligence Endorsement
Coalition has unveiled a new addition to its US Surplus and Canada Cyber Insurance policies: the Affirmative Artificial Intelligence (AI) Endorsement.
EIS Launches New Cloud Solution Redefining Claims Management – ClaimSmart
EIS has introduced ClaimSmart, a cutting-edge cloud solution poised to transform the claims management landscape.
Record Year for Delegates at Insurtech Insights Europe, 2024
Insurtech Insights Europe has experienced its busiest year yet, with more than 6,000 insurance industry delegates pouring through the doors for the fifth edition of the annual conference.
Buddy Advances E-Commerce in the Insurance Industry as a Stripe Platform Partner
Buddy, a pioneering insurtech leading the future of embedded insurance, today announced that they have become a Stripe platform partner in order to introduce novel e-commerce capabilities for the insurance sector.
Cyber Insurance Market Faces Mixed Outlook in 2024, According to OAC Insurance Risk Monitor
The global cyber insurance market is poised for another year of growth in 2024, but experts warn of increased risks lurking beneath the surface, reports the latest Insurance Risk Monitor by OAC, a leading actuarial consultancy.
Novidea Launches Enhancing Insurance Management Platform Across Global Markets
Novidea, a leading provider of cloud-based enterprise insurance management solutions, has announced its newest product release, showcasing significant enhancements tailored to meet the evolving needs of its diverse customer base worldwide.
Family Guardian Insurance Company adopts Equisoft/illustrate to Accelerate Digital Transformation
The integration of Equisoft/illustrate, a powerful insurance illustration software, streamlines sales processes and accelerates Family Guardian’s digital transformation.
Howden Partners with Cyberwrite to Bolster Cyber Risk Assessment Services
In a move aimed at enhancing its cyber risk assessment capabilities, Cyberwrite, a leading cyber risk assessment company, has unveiled a strategic partnership with Howden, a prominent global insurance intermediary group.
ASK THE CEO: Virtuoso’s Derren Nisbet is Our Latest Insurtech Leader in the Hotseat
Virtuoso is a leader in software testing for the insurance industry – a service currently in huge demand. We caught up with their CEO, Derren Nisbet, to find out more
LEADERSHIP SPOTLIGHT: Ross Sinclair: CEO and Founder of EIP
EIP’s dynamic CEO and Founder, Ross Sinclair tells us what it was like, to launch an insurtech, before insurtech was a ‘thing’
Guidewire Selected by Encova Insurance to Streamline Operations
In a move to bolster its digital capabilities, property and casualty insurer Encova Insurance has announced its partnership with Guidewire.
LEADERSHIP SPOTLIGHT: Zurich’s ‘Rocket Man’ Dr Christian Westermann on why Insurance Trumps NASA when it comes to Job Satisfaction
Physicist and former rocket scientist, Dr Christian Westermann, is taking Zurich’s AI transformation stratospheric. Insurtech Insights finds out more.
Lloyd’s Report Reveals: Generative AI Reshaping Cyber Threat Landscape
Lloyd’s, the renowned marketplace for insurance and reinsurance, has released a groundbreaking report today shedding light on the transformative influence of Generative Artificial Intelligence (GenAI) on the cyber threat landscape.
Aviva, Darwin, and University of Salford Expand UK’s Self-Driving Shuttle Service
In a groundbreaking collaboration, insurer Aviva and autonomous vehicle operator Darwin Innovation Group unveiled the Darwin Autonomous Shuttle in late 2021, marking the UK’s longest-running self-driving passenger service.
Agio Ratings Raises US$4.6 Million in Funding Round Led by Superscrypt
Agio Ratings, a London-based startup specializing in crypto risk analytics, has announced a successful fundraising round totaling $4.6 million.
Israeli Startup Sweet Security Secures US$33 Million in Series A Funding
Sweet Security, an Israeli startup specialising in addressing cloud risks for companies, has successfully raised US$33 million in a Series A funding round.
STARTUP STORY: Consultant Surgeon, Krishna Moorthy, on Tackling the Big ‘C’ Through Insurtech
Krishna Moorthy is a Senior Lecturer, Consultant Surgeon and now, the Director and Founder of Alvie Health – an insurtech with a difference.
Optalitix Launches Upgrades to Underwriting Software at Lloyds Breakfast Briefing
Optalitix has introduced significant enhancements to its flagship products, Optalitix Models and Optalitix Quote.
Zinnia Ventures Forward with Acquisition of Ebix’s Life and Annuity Software Assets
Zinnia has announced its acquisition of the life and annuity assets of Ebix, a renowned supplier of software solutions.
LEADERSHIP SPOTLIGHT: Nigel Walsh, Head of Global Insurance, Google Cloud
Insurtech insights caught up with Nigel Walsh, Head of Global Insurance for Google Cloud, to find out what this podcaster, author and all round industry guru had to say about the state of insurance in 2024.
LEADERSHIP SPOTLIGHT: Kobi Bendelak, CEO and Founder of InsurTech Israel
From front line fatigues to the startup circuit, Kobi Bendelak swapped his successful military career for the insurance industry – and now supports tech entrepreneurs seeking to disrupt through innovation.
Revolutionising Insurance Through Technological Innovation
Hugo Farinha, Co-Founder and CTO of Virtuoso explores the digital transformation journey, and ways companies can leverage technology to boost performance in the marketplace.
APOLLO Insurance Launches Rent Credit Reporting, Powered by Zenbase
APOLLO Insurance, a prominent digital insurance provider in Canada, has launched a new feature enabling customers to access credit reporting services through its partnership with Zenbase.
Planck Acknowledged by Gartner for Innovation in Insurtech Gen AI
Planck, a leading player in the insurtech sector, has been recognised by Gartner as a standout innovator in the insurtech space for its use of Gen AI.
Want to share your knowledge?
With world’s largest forum for insurance professionals, Insurtech Insights provides an invaluable platform for networking, new insights and exposure for thought leaders. We are always looking for new partners, content creators, and contributors to create value and deliver exceptional support to Insurtech Insights.
To share your knowledge, simply fill out the form.
