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Category: InsurTech

InsurTech


InsurTech

Hiscox partners with reinsurtech Supercede

February 1, 2023

Via: Reinsurance News

Specialist global insurer Hiscox has partnered with reinsurtech software specialist Supercede for all 2023 outwards reinsurance placements. hiscox-logoAccording to the announcement, this partnership will drive operational efficiencies and simplify complex placements for broker partners. Supercede’s reinsurance tools will allow Hiscox […]


InsurTech

Howden CAP and AXA XL announce API collaboration

January 27, 2023

Via: Reinsurance News

Howden CAP, part of Howden Broking, and AXA XL have announced they will collaborate to develop structured credit Application Programming Interfaces (APIs). This development, a Howden spokesperson said, reflects Howden CAP and AXA XL’s commitment to utilise digital platforms to […]


InsurTech

Holiday travel chaos – a case for parametric insurance?

January 23, 2023

Via: Insurance Business

North American travelers were plagued by extraordinary travel disruptions over the recent holiday season, compounded by a “once in a generation” winter storm that struck the US. Thousands of flights were disrupted by the megastorm in late December, while a […]


InsurTech

Insurtech Loadsure receives capacity backing from Tokio Marine Kiln

January 5, 2023

Via: Insurance Business

Insurtech MGA Loadsure has just guaranteed itself enhanced freight protection offering in the coming year with new capacity backing from Tokio Marine Kiln. Leading specialist international insurer Tokio Marine Kiln has undertaken this partnership with Loadsure to forward one of […]


InsurTech

Parametrix strengthens US operations with additional reinsurance capacity

December 15, 2022

Via: Reinsurance News

Provider of downtime insurance, Parametrix, is strengthening and expanding its operations in the United States with additional reinsurance capacity. The firm has announced that partners Hannover Re and certain underwriters from Lloyd’s, which includes Tokio Marine Kiln, RenaissanceRe, and Apollo […]


InsurTech, Risk Management, Trends

AI use in Bermuda re/insurance market low, but set to accelerate: BMA

December 2, 2022

Via: Reinsurance News

A new report by the Bermuda Monetary Authority (BMA) has concluded that use of artificial intelligence and machine learning technologies in the Bermuda re/insurance market is still currently in its infancy, but is set to pick up significantly over the […]


InsurTech

USI Insurance Services and GK8 team up on crypto insurance cover

November 30, 2022

Via: Reinsurance News

Broker and consulting firm USI Insurance Services is to team up with platform GK8 to launch a new plan giving the latter’s customers up to $1bn of dedicated cover. A joint statement from the two firms said that plan will […]


InsurTech

Milliman launches new asset/liability management software

November 28, 2022

Via: Reinsurance News

Global consulting and actuarial firm Milliman has announced the release of Milliman Agile ALM, a software package that makes asset/liability management (ALM) and stochastic valuation accessible to insurers, helping them comply with Solvency II, IFRS 17, and other requirements. The […]


InsurTech

Ahoy! named top insurtech

November 21, 2022

Via: Insurance Business

Ahoy!, a digital insurance managing general agent for recreational boating, has been named “Best Emerging InsurTech” by InsurTech Hartford as part of the Innovation Challenge Awards. “Ahoy! Insurance is building a tech-first product, designed by boaters for boaters, for a […]


InsurTech

UK Insurtech, Send Technology, Raises £9 Million to Expand in UK and U.S.

November 16, 2022

Via: Insurance Journal

Send Technology Solutions Ltd., the London-based insurtech, announced it has closed a Series A funding investment of £9 million ($10.7 million). The round was led by Venture Capital firm Breega with participation from Mercia and will enable Send to accelerate […]


InsurTech

Guy Carpenter launches new reinsurance optimization tool

November 11, 2022

Via: Insurance Business

Global risk and reinsurance specialist Guy Carpenter has launched a new tool that allows clients to assess and optimise their reinsurance structure. The new MetaRisk Live tool enables clients to instantly evaluate the impact of any changes to their reinsurance […]


InsurTech

Entegral launches app-based vehicle claims triage software

October 25, 2022

Via: Insurance Business

The US-based insurtech Entegral has launched a new vehicle claim assistance software called Smart Assist, a SaaS (software as a service) that helps digitize and automate the auto insurance claims process for customers. Entegral’s platform is integrated and open software […]


InsurTech

How a bot can solve a lot in insurance

October 12, 2022

Via: Insurance Business

Quandri developed what it asserts is a simple tool to automate time consuming, repetitive and high-volume processes for insurance agencies and brokerages: A software robot, or bot. About that bot – you can even name it. That’s the basic premise […]


InsurTech

Insurtech weekly news roundup: Sept. 30

September 30, 2022

Via: Insurance Business

This week, nine new insurtechs have joined the annual cohort program for Lloyd’s Lab. COVU hired a number of new executives. Cover Whale unveiled two new technology platforms. Stere raised a seed financing round. Marsh McLennan’s Guy Carpenter arm will […]


InsurTech

Covr announces collaboration with Citi

September 26, 2022

Via: Insurance Business

Covr Financial Technologies has announced a collaboration with Citi to help its US financial advisors and clients more effectively integrate life insurance and long-term care coverage into their financial plans. Citi’s advisors and clients can use Covr’s platform to access […]


InsurTech

This insurance payments platform startup is having a very good year

September 9, 2022

Via: Insurance Business

For Ascend, 2022 has been a very good year, even as the technology investor market hit a big downturn. Ascend launched in 2021 with its insurance payments platform. The company’s business model helped it raise $30 million in Series A […]


InsurTech

Insurtech weekly news roundup: Sept. 9

September 9, 2022

Via: Insurance Business

Arturo enacted a number of key leadership changes. Sayata hired a chief distribution officer. Zywave launched a group of new products targeted at the carrier audience. CyberCube is betting a new partnership will expand the audience for its cyber risk […]


InsurTech

Hillridge raises $2.3m for parametric weather insurance expansion

September 8, 2022

Via: Artemis BM

Hillridge Technology Pty Ltd, an Australian software technology company that aims to help users address the climate protection gap through parametric insurance, has raised a $2.3 million seed round and now seeks to expand further into Asia Pacific. Using parametric […]


InsurTech

Insurtech Accelerant Launches $175M Sidecar Investment Vehicle Flywheel Re

August 31, 2022

Via: Insurance Journal

Accelerant, an insurtech platform that aims to provide underwriters with risk exchange, data analytics and long-term capacity commitments, announced a new $175 million sidecar vehicle, Flywheel Re. Flywheel will provide multi-year risk capital to Accelerant and its team of underwriting-led […]


InsurTech

UK insurtech launches flood alert service in the US

August 23, 2022

Via: Insurance Business

UK-based insurtech Previsico has announced the launch of its live flood forecasting alert service in the US. The launch is in partnership with Nexus Alpha USA and aims to mitigate surface water flood losses for insurers and their customers in […]