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.
Insurtech Funding Round-Up: SEVEN Stellar Investment Events Scaling the Industry
In our latest insurtech investment funding round-up, we look at SEVEN companies that have raised significant amounts of capital that will drive their scaling strategies and disruption in the industry.
Insurtech Beam Benefits Raises US$40 Million in Series E Round
Beam Benefits, a trailblazing digital employee benefits company, announced today that it has successfully secured $40 million in funding.
Blackstone Combines Insurance and Credit Arms to Launch BXCI
Blackstone has launched a new restructuring effort, consolidating its corporate credit, asset-based finance, and insurance divisions into a unified entity known as Blackstone Credit & Insurance (BXCI).
Chubb Launches Lloyd’s Lithium Battery Consortium
Chubb has today announced the launch of a new Lloyd’s of London consortium it will lead that is designed to provide insurance coverage for risks associated with the transit and storage of lithium batteries.
Tokio Marine Teams Up with Clir to Enhance Renewable Energy Insurance in Brazil
In a strategic move geared towards strengthening its renewable energy insurance services in Brazil, Tokio Marine, a major international specialty insurer, has forged a partnership with Clir Renewables (Clir), a global market intelligence platform specialising in wind and solar energy.
Cincom Systems Partners with Socotra Inc. to Boost Digital Insurance Communications
Cincom Systems®, a global leader in Customer Communications Management (CCM) solutions, has announced a strategic partnership with Socotra Inc.
Coaction Global Raises US$200 Million in Funding to Boost Transformation into Full-Service Specialty Insurance Provider
Private specialty insurance group, Coaction Global, has secured approximately US$200 million in a recent capital injection to propel its evolution into a comprehensive specialty insurance provider.
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.
Spanish Insurtech Inari Secures US$5.2 Million in Funding to Advance Innovative Insurance Technology
Inari, a Barcelona-based insurtech that provides core technology infrastructure for the global insurance and reinsurance sectors, has raised US$5.2 million in funding through a seed round led by Caixa Capital Risc in partnership with Criteria Venture Tech.
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.
Partners Life Becomes First Insurer to Launch Medical Claims on FINEOS Platform
Partners Life, one of New Zealand’s largest private life and health insurance companies, has become the first insurer to successfully launch medical claims on the FINEOS Platform, as outlined in a new case study.
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.
Cowbell Launches Adaptive Cyber Insurance Programme for the UK
SME cyber insurance provider Cowbell, will expand its offerings in the UK with the launch of its AI-powered standalone cyber insurance programme – Cowbell Prime One.
ACORD Releases Implementation Toolkit for New Contract, Risk, and Pre-Accounting Data Standard
ACORD, the standards-setting body for the global insurance industry, today announced the publication of the ACORD GRLC Contract, Risk, and Pre-Accounting (CRP) Implementation Toolkit, a new data messaging standard to facilitate the efficient exchange of insurance data.
New Lloyd’s Lab InsurTech Cohort to Focus on Climate, Cyber and Sustainability in Asia Pacific
Lloyd’s, the world’s leading marketplace for commercial, corporate and speciality risk solutions, today announces the 12 teams that will join the 11th cohort of the Lloyd’s Lab, the InsurTech accelerator hub for developing innovative insurance products in the Lloyd’s market.
Australia’s icare Moves to Cloud on the FINEOS Platform
FINEOS Corporation (ASX:FCL), the global leader of group and individual core software for life, accident and health insurance, announced today that Insurance and Care New South Wales (icare) will move its Dust Diseases Care Scheme to the FINEOS Platform.
How to Innovate Faster: AXA XL’s Rose Hall Talks Talent Retention and Innovation Strategy
In our latest instalment ‘How to Innovate Faster’ in collaboration with FintechOS, we spoke to AXA XL’s SVP and Head of Innovation, Americas for AXA XL, Rose Hall.
CYBER: Beazley’s Bob Wice Unpicks the Pros and Cons of the SEC’s Latest Cyber Breach Ruling
Last month, the US Securities and Exchange Commission (SEC) implemented regulations that mandate public enterprises to divulge any cybersecurity breaches with potential impacts on their financial standings within a four-day window.
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
Unqork’s Codeless Platform Available on Google Cloud Marketplace
Unqork, the leading Codeless as a Service platform, has announced the availability of the Unqork platform on Google Cloud Marketplace.
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.
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
At-Bay Completes Transition to Full-Stack E&S Carrier
At-Bay has announced a significant step in its evolution.
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
Inflation Mitigation: How Insurers can Protect Themselves Against Price Pressure
EIS Ltd’s SVP of Corporate Strategy, Rory Yates, examines the challenges facing insurance leaders as they seek greater agility and resilience in today’s transforming climate
CLARA Analytics Announces Expansion Plans in APAC Region
CLARA Analytics, a prominent provider of artificial intelligence (AI) technology for optimising personal injury claims, is making significant strides in expanding its presence in the Asia-Pacific region.
STARTUP STORY: Sivan Iram, CEO of Capitola, Talks Investment and Tech
Sivan Iram launched Capitola – an insurtech digital marketplace that connects brokers and underwriters – in 2021. In April, the startup generated US$15.6 million in its Series A round. Insurtech Insights finds out more.
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.”
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.
Cover Genius Partners with AudienceView as Live Entertainment Sales Soar by 251% in 12 months
Insurtech experiences 251% increase in live entertainment sales in 12 months as more event venues and ticketing platforms add refund protection to their online experience
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.
Eigen Technologies Appoints First COO and CISO
Eigen Technologies (Eigen), the global intelligent document processing (IDP) provider, today announces the appointment of David Brooks and Simon Hogg as its first Chief Operating Officer (COO) and first Chief Information Security Officer (CISO) respectively.
Zego Transforms Claims Management With In-House Team
Leading commercial motor insurer, Zego, has announced a significant advancement in its claims handling capability, with both the growth of its in-house team and its implementation of an innovative in-house case management system.
Aon Completes “Historic” Parametric Insurance Programme for Puerto Rico
Aon, the prominent global professional services firm, has successfully finalised a “historic” parametric insurance programme for the Government of Puerto Rico.
Tokio Marine Launches Group-Wide Intelligence Platform for Enhanced Collaboration
Tokio Marine Holdings has unveiled a new market intelligence platform that aims to improve collaboration with external companies.
Five Minutes On: APIs, with Tony Grosso, Head of Growth for EIS
Tony Grosso is the Head of Growth/GWB Insurance Markets for EIS. We quizzed him on the importance of APIs in the Employee Benefits space.
Zurich Announces Strategic Partnership with Embedded Solutions Insurtech Qover
Zurich Insurance Group (Zurich) has announced a strategic partnership with Qover, an insurtech based in Belgium, as part of its efforts to expand its embedded insurance capabilities.
Insurtech Qover Raises US$30 Million in Series C Round to Boost Growth and Profitability
Qover, a leading insurtech specialising in embedded insurance orchestration, has recently concluded a successful Series C up-round funding, securing an impressive $30 million.
Humn.ai Partners with QBE Insurance to Offer Pricing Insurance Solution to Taxi Fleets
Humn.ai has forged a partnership with QBE Insurance Group to provide its Innovative dynamic pricing insurance solution to taxi fleets
Closing the Technology Deficit Could Generate $3 Trillion in Revenue for European Companies, Reveals Accenture Report
A recent report from Accenture has highlighted the potential for European companies to generate an additional $3.2 trillion in revenue by 2024 if they close the technology deficit that exists between them and their North American counterparts.
Cyber Insurance Rates Experience 10% Drop in June, Reversing Previous Increases, says Howden
In a recent report, broker Howden revealed that cyber insurance rates have decreased by approximately 10% in June compared to the previous year.
Germania Insurance partners with Guidewire to migrate to cloud for expanded digital capabilities
Germania Insurance has announced its successful migration of their Guidewire InsuranceSuite self-managed environment to Guidewire Cloud.
Zurich’s Commitment to ESG and Innovation Results in Eight Award Wins in H1 2023
Zurich Insurance (Hong Kong) has received widespread recognition for its strong commitment to environmental, social, and governance (ESG) practices and its innovative approach to product development.
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.
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