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Chubb Ltd. Reports Impressive Fourth-Quarter Results Driven by Property/Casualty and Life Insurance
Chubb has announced stellar fourth-quarter earnings, fuelled by a combination of factors including a tax benefit, robust property/casualty underwriting income, and substantial gains in life insurance net premiums written.
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LEADERSHIP SPOTLIGHT: CEO, Daniel Schreiber on Life and Lemonade
From a career in Law to running the most talked-about insurtech in the industry today, Joanna England gets the CEO scoop from Lemonade’s Co-Founder, Daniel Schreiber.
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Coalition Launches Miscellaneous Professional Liability Insurance Coverage
Coalition has announced the launch of its Miscellaneous Professional Liability (MPL) Insurance.
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Insurity Launches AI-Powered Analytics, Transforming Decision-Making for P&C Carriers
Insurity has unveiled its latest analytics solutions empowered by AI-driven insights, promising to reshape the landscape of decision-making for P&C insurance carriers.
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Former Allianz Executives Raise US$12.17 Million for Carbon Credit-Backed Insurance Venture
Switzerland-based startup CarbonPool, founded by former Allianz executives, has successfully concluded a significant funding round aimed at revolutionising the carbon credit market.
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LEADERSHIP SPOTLIGHT: Gil Arazi, Founder & Managing Partner of FinTLV on Navigating the World of Insurance and Venture Capital
The past three years have been a rollercoaster ride for insurtechs globally. Gil Arazi, Founder & Managing Partner of FinTLV, gives Insurtech Insights his ‘eye-of-the-storm’ perspective.
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Novidea Global Report: 75% of Insurance Organisations will Replace Core Managment Platforms by 2025
Insurance industry finally ready for digital transformation with 75% of insurance organisations ready to swap core management platforms by 2025 – Novidea global report reveals
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AgentSync Launches Cutting-Edge On-Boarding API
AgentSync has launched the ProducerSync API, the inaugural offering in its commercial API suite, aimed at streamlining insurance producer onboarding and compliance procedures.
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Spotr Raises €4.5 Million Funding for World’s Largest Image-Driven Property Database
Spotr, an innovative Dutch AI-powered property data platform, has successfully secured €4.5 million in funding.
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How Brokers Can Step Up to Combat Cyber Risk
Simon Hughes, VP and General Manager at Cowbell discusses mitigating risk at the broker level through a four-stage framework
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Toolbox By Admiral Rebrands to Admiral Business
Toolbox by Admiral, the business insurance arm of Admiral Group, has announced that it has rebranded to Admiral Business to “better reflect the company’s core focus”.
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Verisk Integrates MSP Navigator into Duck Creek Content Exchange for enhanced Section 111 Reporting
Verisk has expanded its collaboration with Duck Creek by incorporating MSP Navigator into Duck Creek’s Content Exchange based in Boston.
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LEADERSHIP SPOTLIGHT: Sabine VanderLinden Talks Technology, Startups and Trends for 2024
Affectionately known as ‘The InsurTech Queen’, Sabine VanderLinden is a pioneer in the startup space. Insurtech Insights unravels her story.
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MEMIC Partners with CLARA Analytics to Read Medical Records with AI
Maine Employers’ Mutual Insurance Company (MEMIC), workers’ compensation insurance specialists, has partnered with CLARA Analytics, a leading provider of artificial intelligence (AI) technology for insurance claims optimisation.
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Verisk Collaborates with Chief Claims Officers to Establish Claims Advisory Board
Verisk has taken action to meet the demands of claims organisations in the insurance industry by introducing the Verisk Claims Advisory Board.
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Zego Expands Van Offering with Launch of Business Van Insurance
Motor insurer, Zego, has announced the official launch of its new Business Van Insurance product.
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Akur8 Partners with Ohio Mutual Insurance Group to Revolutionise Pricing Capabilities in the US Insurance Market
Akur8 has announced a strategic partnership with Ohio Mutual Insurance Group, one of the premier insurers in the United States. According to reports, Ohio Mutual’s
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hyperexponential Raises US$73 Million in its Series B Round
hyperexponential has raised US$73 million in capital in its Series B funding round, led by Battery Ventures, with participation from leading Silicon Valley investor a16z, and existing Series A investor Highland Europe, which increased its holding., three years after its Series A round.
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Verisk Completes Acquisition of Rocket Enterprise Solutions, Expanding European Digital Offerings in P&C and Underwriting
Verisk has announced the completed the acquisition of Rocket Enterprise Solutions GmbH, an insurtech provider based in Germany specialising in the property claims sector.
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Revolutionising Embedded Solutions: A Conversation with Marat Nevretdinov, Managing Director of HDI Embedded
We dive into the world of embedded insurance with Marat Nevretdinov, the accomplished Managing Director of HDI Embedded as he discusses the future of embedded services in a global context.
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PCF Insurance Services Partners with AgentSync to Boost Regulatory Compliance and Operations
PCF Insurance Services has announced its partnership with AgentSync.AgentSync, a leading player in insurance producer and compliance management.
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Cowbell Broadens Cyber Insurance Reach for UK Mid-Market Enterprises
Cowbell has announced the extension of its coverage to mid-market businesses. This expansion caters specifically to enterprises with an annual turnover of up to £1 billion.
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ZEEKR Partners with Insurtech Qover to Boost Embedded Insurance Services
ZEEKR, the prestigious international electric mobility brand under the umbrella of Chinese automotive giant Geely, has joined forces with the innovative embedded insurance startup, Qover.
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Zurich Innovation Championship Announces Fifth Edition of Global Startup Programme in 2024
Zurich Insurance Group has announced the launch of the fifth edition of the Zurich Innovation Championship, a global startup program that has gained industry acclaim since its initiation in 2018.
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Majesco Bolsters P&C Solutions with Acquisition of Decision Research Corporation (DRC)
Global cloud insurance software solutions leader, Majesco, has announced a strategic move by acquiring the Decision Research Corporation (DRC) business—a significant player in SaaS-based insurance software.
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Duck Creek Technologies Partners with CAMCOM to Boost Claims Management Capabilities with AI
Duck Creek Technologies has announced it’s latest collaboration with CAMCOM, an AI-powered platform specialising in visual inspections across various industries.
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Berkshire Hathaway Specialty Insurance Boosts Multinational Offerings with Network Expansion and Tech Upgrades
Berkshire Hathaway Specialty Insurance (BHSI) has broadened its partner network and bolstered its internal team with seasoned multinational experts to expand its network and upgrade its technology systems.
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Howden Reports Re/Insurance Market Stability and Positive Trends in Annual Market Review
Howden has reported a notable shift towards stability in the reinsurance market in its latest annual market report, entitled, “A New World.”
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Insurtech Devoted Health Raises US$175 Million in Series E Round
Devoted Health, the tech-enabled Medicare Advantage startup, has successfully secured US$175 million in fresh funding.
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Lockton Forges Partners with Artificial Labs to Boost MRCv3 Insurance Contract Generation
Independent insurance broker Lockton has partnered with Artificial Labs, a pioneering insurtech specialising in algorithmic underwriting.
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SEVEN Major Trends Transforming the Insurance Industry in 2024
From cyber insurance and generative AI, to embedded offerings and climate risk technologies, the insurance space over the next 12 months will see huge changes.
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LEADERSHIP SPOTLIGHT: INSHUR CEO Dan Bratshpis Talks Startups, Technology and the On-Demand Economy
Dan Bratshpis is the CEO of INSHUR, the fastest-growing global provider of insurance for the on demand economy. He is passionate about providing businesses and workers with seamless insurance solutions.
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Allianz Life and Munich Re Automation Solutions Launch SaaS-Based Underwriting Solution for Enhanced Insurance Accessibility
Allianz Life and Munich Re Automation Solutions are set to unveil a cutting-edge Software as a Service (SaaS) underwriting solution, marking a significant stride in their collaborative efforts.
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Redactable Secures $5.5 Million in Seed Funding for Groundbreaking AI Redaction Platform
Redactable, a cutting-edge AI-driven web application specialising in the redaction of sensitive documents, has successfully raised $5.5 million in seed funding.
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EU’s AI Act Enters Political Agreement, Paving the Way for Comprehensive AI Regulation
Last week, the European Parliament and Council reached a landmark political agreement on the European Union’s Artificial Intelligence Act (“EU AI Act”), concluding months of intense trilogue negotiations.
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What does AI Safety really mean? Looking Ahead from the UK’s AI Safety Summit
Prasad Prabhakaran, Generative AI Practice Lead at esynergy, examines the pros and cons of regulating AI and the UK’s AI Summit, in the wake of the EU AI Act.
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From Cadavers to Cybercrime: Coalition Incident Response Expert Shelley Ma on Dissecting Digital Deception
Originally intent on a career in medicine and forensic science, Shelley Ma credits her ADHD for a career switch that saw her swap the mortuary for the cyber insurance space.
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Beazley Appoints Patricia Kocsondy as Head of Global Cyber Digital Risks
Beazley, a leading specialty insurer, has announced the appointment of Patricia Kocsondy as the new Head of Global Cyber Digital Risks.
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Canadian Insurtech Terminal Raises US$3.1 Million Funding to Transform Commercial Trucking Telematics
The Toronto-based startup Terminal is on a mission to become the Plaid for telematics data in the commercial trucking industry, as it successfully closes a US$3.1-million ($4.2 million CAD) seed round.
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Cytora Partners with Relativity6 to Expedite Commercial Quotes with Intelligent Industry Classification Data
Cytora and Relativity6, a provider of industry classification modelling, have announced a partnership which will enable Relativity6’s models to be used to enhance the underwriting process within Cytora.
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Swiss Re Strengthens Global Resilience Efforts with Acquisition of Fathom, a Leading Water Risk Intelligence Firm
Swiss Re has successfully acquired Fathom, a prominent UK-based company, to bolster its capabilities in addressing water-related risks in the face of current and future climate scenarios.
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LEADERSHIP SPOTLIGHT: Darien Acosta, Chief AI Officer of Cover Whale, Talks Intelligent Telematics
AI is transforming the insurtech space – bringing with it many benefits – and reservations. We spoke to Darian Acosta, Chief AI Officer for the commercial trucking insurtech, Cover Whale, to find out how telematics technology is being used to transform fleet insurance and driver safety – and its impact on the job market.
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European Space Agency-Backed Insurtech, BirdsEyeView, Secures Seven-Figure Investment to Boost Digital Underwriting and NatCat Modelling Software
BirdsEyeView, an insurtech startup backed by the European Space Agency, has successfully concluded a funding round, securing a significant seven-figure investment.
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Hiscox Partners with Google to Pioneer AI in London’s Insurance Market
Hiscox, a prominent UK insurer, has made waves in the insurance industry by collaborating with Google to develop an artificial intelligence (AI) model designed to revolutionise the core underwriting process for specialist risks.
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VOOM Launches Game-Changing Rideshare and Delivery Insurance Tailored for Gig Drivers
Voom has announced the launch of a new insurance solution to address the needs of the gig economy.
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NOW Insurance Launches Physicians and Medical Groups Coverage on AI Portal
NOW Insurance, a full-stack, AI-enabled commercial insurance platform specialising in medical professional liability coverage, recently launched coverage for physicians and physician groups in their online platform.
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OpenAI Sparks Insurance Industry Discussion Amid Social Media Frenzy Over CEO’s Sudden Exit and Reinstatement
Insurance industry leaders discussed the remarkable comeback of OpenAI’s CEO, Sam Altman, following his equally unexpected fall from grace just days ago.
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Marsh Launches LenAI: A Cutting-Edge Generative AI Tool for Global Impact
Marsh McLennan has introduced LenAI, a revolutionary generative AI tool crafted at the company’s Dublin Innovation Centre in collaboration with Oliver Wyman Digital
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Electronic Health Records (EHRs) Set to Revolutionise Life and Health Insurance Underwriting, says Swiss Re
Swiss Re’s comprehensive research reveals the role of digital Electronic Health Records (EHRs) in expediting and enhancing underwriting decisions in the life and health insurance sector.
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Chubb Studio Boosts Digital Integration Reach with the Launch of B2B2C Developer Portal
Chubb has unveiled a significant expansion in its digital integration capabilities through the introduction of a new developer portal within Chubb Studio®.
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LEADERSHIP SPOTLIGHT: Robert Burr, CEO of Swiss Re’s iptiQ on Human-Led Technology and Closing the Protection Gap
Taking a human-first approach in an increasingly digitised environment is a challenge Robert Burr, CEO of Swiss Re’s iptiQ is more than happy to take up. Insurtech Insights caught up with this dynamic CEO to find out more.
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Parametric Insurtech Anansi Announces Triple Partnership with Tokio Marine HCC, Liberty Mutual and Arch Insurance
UK insurtech Anansi has announced a triple collaboration with Tokio Marine HCC, Liberty Mutual and Arch Insurance to introduce a pioneering parametric goods-in-transit insurance tailored for large retailers.
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Guidewire Partners with Swiss Re Reinsurance Solutions
Guidewire has joined forces with Swiss Re Reinsurance Solutions to transform the insurance landscape by leveraging cutting-edge technology.
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ICEYE Bolsters Radar Imaging Constellation with the Launch of Four New Satellites
ICEYE, a provider of natural catastrophe solutions and insights, has expanded its constellation by introducing four new synthetic aperture radar satellites.
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Guidewire Announces Innsbruck Release Date, Welcomes Insurtech E.design to it’s Platform
E.design, an insurtech company affiliated with the Tokio Marine Group, has selected Guidewire Cloud to strengthen its core operations. Guidewire has also announced the release of its new cloud solution, Innsbruck.
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Securing Cyber: Insuring Against an Escalating Threat
The growing cyber threat to businesses globally has seen the insurance industry mobilise into action. Insurtech Insights explores the regulatory and technical minefield of the cyber insurance space
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Citizens Property Insurance Boosts Underwriting Practices in Florida with Verisk’s Aerial Imagery Analytics
Citizens Property Insurance Corporation, a prominent not-for-profit insurer based in Florida, is set to enhance its underwriting capabilities by adopting Verisk’s Aerial Imagery Analytics solution.
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Lemonade will Hit Cash Flow Positivity by 2025, Predicts CEO Daniel Schreiber
Lemonade will hit profitability in the next 24 months, says the insurtech’s CEO, Daniel Schreiber, who also said the Israeli/American company was rallying, despite the geopolitical turmoil from the war in Gaza.
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French Insurtech Flitter Raises €3,5 million to expand UBI Auto insurance
Paris-based insurtech Flitter has successfully secured €3.5 million in a recent funding round aimed at expanding its usage-based car insurance offerings.
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Federato Partners with Google Cloud to Empower Underwriting Platform through AI
Federato has unveiled a groundbreaking partnership with Google Cloud to integrate cutting-edge capabilities into its RiskOps underwriting platform.
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