The issue of underinsurance among commercial properties in the UK has become increasingly concerning, particularly amid rising costs and supply chain disruptions. Recent findings from a report by insurance broker Gallagher reveal that nearly half—46%—of UK commercial properties are underinsured, a
In a remarkable development, arqu, a tech-focused wholesale insurance brokerage, has successfully raised $10 million in a Series A funding round. This significant round of funding was led by Crosslink Capital, with active participation from Intact Ventures, and saw support from existing investors
Cycling businesses in the UK are encountering a transformative phase, thanks to the recent partnership between Bikmo, a leading InsurTech firm, and the Association of Cycle Traders (ACT). This relationship promises to deliver tailored insurance solutions that address the unique challenges and needs
In an effort to address the unique needs of the cycling industry, Bikmo, an InsurTech company specializing in cycling insurance, has entered into a three-year partnership with the Association of Cycle Traders (ACT), the UK's largest cycle trade membership organization. This collaboration marks a
In the second quarter of 2024, the U.S. commercial insurance market witnessed a marked deceleration in premium increases, representing a major shift in market dynamics largely propelled by the Council of Insurance Agents & Brokers' (CIAB) Commercial Property/Casualty Market Index for Q2/2024. This
The commercial insurance market has been a topic of significant scrutiny recently, given its fundamental impact on businesses of all sizes. With continuous fluctuations in premium rates, stakeholders are eager to understand whether these costs are stabilizing or still on the rise. The second
