All Insurtech articles – Page 4
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DWIC 2022: Pandemic accelerates insurtech growth
The insurtech sector in the MENA region has enjoyed substantial growth over the past two years, in part driven by the global pandemic.
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Charles Taylor InsureTech launches hub to empower industry’s value chain
Charles Taylor InsureTech has today (15 March 2022) launched a cloud-based Software as a Service (SaaS) capability proposition named InHub to enable the insurance value chain to drive better results.
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Insurtech UK to tap into US market with new insurance corridor
Insurtech startup trade association Insurtech UK yesterday (10 March 2022) launched an insurance corridor between the UK and Connecticut, USA.
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Insurtech receives ‘in principle’ approval for Lloyd’s syndicate in a box
Insurtech Micro Insurance Company (MIC) Global has received ‘in principle’ approval from Lloyd’s for the creation of a syndicate in a box (SIAB), called MIC 5183.
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Laka raises $12m to build e-mobility insurtech in Europe
Insurtech Laka has raised $12m (£8.8m) in a series A funding round - this will be used to build an e-mobility insurtech in Europe.
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Tractable chosen as US-based insurtech’s AI partner
US insurtech Root Insurance has chosen artificial intelligence (AI) company Tractable to help it streamline and develop its claims operations.
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Insurtech investment surpasses $10bn in Q3 – Willis Towers Watson
Insurtech investment surpassed $10bn in the third quarter of 2021 according to Willis Towers Watson’s (WTW) latest Quarterly Insurtech Briefing published today (27 October 2021).
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Coalition completes acquisition of Attune Insurance
The acquisition of Attune creates the world’s largest commercial insurtech and positions the combined entity to capture a $100 billion+ market opportunity in the P&C insurance market.
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Telematics insurtech teams up with ex-Aviva boss Wilson
Telematics insurtech, Ticker has partnered with Mark Wilson’s insurtech, Abacai to enhance its pricing model.
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Former bosses at Munich Re Digital and Bupa back insurtech’s £1.5m raise
Insurtech Anansi Technology has secured £1.5m seed funding led by Octopus Ventures.
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Ex-Munich Re director joins Ticker as new chief operating officer
Motor insurance focused insurtech Ticker has hired Yannis Korgialos for its executive team, appointing him as its new chief operating officer.
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Concirrus unveils new IoT platform for commercial insurance market
Insurtech, Concirrus has launched a new Internet of Things (IoT) platform for the commercial insurance market.
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Marshmallow finalising cash injection to become latest insurtech unicorn
Marshmallow Financial Services is finalising a funding a round that will see the digital motor insurer become worth $1.2bn (£898m) and the latest unicorn.
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FCA to allow rolling applications for regulatory sandbox
The FCA will now be allowing rolling applications for its regulatory sandbox.
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More insurtech M&A deals to be had – Willis Re
There has been an upward swing towards insurtech M&A as the Covid-19 pandemic has accelerated the move to digital - however, Willis Re’s global head of insurtech Andrew Johnston predicts more mergers are yet to come.
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Soaring insurtech investment to impact actuary work and job opportunities – IFoA
The increasing investment in the insurtech sector will have an impact on the type of work actuaries carry out and the job opportunities available, according to the latest report from the Institute and Faculty of Actuaries (IFoA).
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Flock partners with Asia’s largest insurer to reinvent commercial fleet insurance
Insurtech Flock has partnered with the European arm of Asia’s largest insurer, Aioi Nissay Dowa Insurance (AND-E UK), to transform how commercial fleet insurance is priced and distributed.
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wefox, Germany’s digital insurance unicorn, closes $650m Series C
wefox, the Berlin-based digital insurance company has raised a record US$650 million for its Series C funding, resulting in a post-money valuation of US$3 billion. This round represents the largest Series C to date for an insurtech globally.
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WTW - Global InsurTech investment reaches all-time high of US$2.55 billion in Q1 2021
The number of mega-rounds reached eight, more than any other three-month period, according to the new Quarterly InsurTech Briefing from Willis Towers Watson.
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Previsico and Zurich to plug flood risk for big corporate customers
Insurtech flood forecaster Previsico will be teaming up with insurer Zurich to strengthen a major corporate customer’s resilience against flood risk.