Category: InsurTech

November 30, 2022

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 […]

November 28, 2022

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 […]

November 21, 2022

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 […]

November 16, 2022

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 […]

November 11, 2022

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 […]

October 25, 2022

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 […]

October 12, 2022

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 […]

September 30, 2022

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 […]

September 26, 2022

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 […]

September 9, 2022

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 […]

September 9, 2022

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 […]

September 8, 2022

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 […]

August 31, 2022

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 […]

August 23, 2022

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 […]

August 19, 2022

The economic viability of the insurance industry’s current business model has been in question for several years. McKinsey’s 2022 Global Insurance Report shows that 52% of the industry’s global equity had a return on equity (ROE) lower than their cost […]

August 9, 2022

Insurtech Lemonade said it booked a second quarter net loss of $67.9 million compared with a net loss of $55.6 million during the same quarter last year, but in a letter to shareholders the company said returns will soon eclipse […]

August 4, 2022

Global investment in insurance technology firms totalled $2.41 billion in the second quarter, down 50% from a year earlier, as investors grew nervous about frothy valuations, broker Gallagher Re said in a report on Thursday. Insurtech firms make up around […]

July 18, 2022

The insurance industry has acquired a reputation for sluggishness. In my experience, however, the appetite to embrace change among insurers and reinsurers is strong. Especially when there is the very real prospect of improving the offering to customers, the products, […]

July 15, 2022

Tensorflight, the AI imaging based insurtech, is partnering with Airbus Defence and Space to increase its property analysis and assessment capabilities. Tensorflight uses three sources of imagery – satellite, aerial and ground level – to automate the process of property […]

July 12, 2022

Insurance broker WTW reported its acquisition of Butterwire, a provider of data analytics, artificial intelligence and machine learning platforms. Based in Glasgow, Scotland, the financial analytics company will become a part of WTW’s Climate and Resilience Hub. Terms were not […]