The insurance industry is on the brink of a significant transformation, led by London-based startup Diesta. Founded in 2022 by Julian Schoemig and Christopher Davis, Diesta has recently secured $3.8 million (€3.49 million) in Seed funding, a major milestone for the burgeoning venture. This funding
Munich Re Specialty, a division of the global reinsurer Munich Re, has announced its plans to expand into the Spanish insurance market starting in 2025, targeting the primary specialty insurance sector. This move is part of Munich Re's broader strategy aimed at amplifying its footprint across
Duck Creek Technologies, a leading software solutions provider for the property & casualty insurance sector, has taken a significant step forward by acquiring Toronto-based Risk Control Technologies (RCT). This strategic acquisition will fully integrate RCT’s flagship platform, RiskHub, into Duck
Phinsys, a leading provider of finance automation software for the insurance and reinsurance sectors, has reached a significant milestone: its inclusion in the 2024 InsurTec#00 list. This annual compilation by FinTech Global recognizes the top 100 companies revolutionizing the insurance industry
The annual meeting of the American Property Casualty Insurance Association (APCIA) in Chicago gathered property and casualty insurers and reinsurers to tackle pressing issues within the industry, particularly in light of recent hurricanes and the forthcoming U.S. presidential election. This event
The article delves into the significant rise in cyber insurance claims resulting from ransomware and data breaches, particularly highlighting industry trends and mitigation strategies. The surge, primarily observed in the United States, underscores the growing complexity and severity of cyber
The global Cybersecurity Insurance Market is on an unprecedented growth trajectory, projected to expand from USD 16,100.6 million in 2024 to an astounding USD 85,707.2 million by 2034. This surge underscores the escalating importance of cybersecurity insurance as businesses grapple with increasing
In recent developments within the power sector, the property and business interruption insurance market has undergone a significant shift. The market had previously endured a prolonged period of hard conditions, characterized by high premiums and limited capacity, largely due to substantial losses
The global Valuables Insurance market, encompassing both business and personal insurance sectors, has demonstrated considerable growth over recent years, reflecting a broader trend toward safeguarding high-value assets. As the market continues to evolve, it is segmented by application into
London's insurance sector is undergoing a significant transformation, spearheaded by the rapid rise of Insurtech. This shift is dramatically affecting hiring patterns and job market dynamics within the industry. Recent reports from Lloyd's of London indicate the most favorable underwriting
