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On July 19, 2024, cybersecurity giant CrowdStrike issued a routine software update. However, this time things went terribly wrong. The update, which was meant to enhance security, ended up causing major disruptions across industries worldwide. The faulty software quickly wreaked havoc on IT systems reliant on Microsoft's operating system, with insurance firm Parametrix estimating $5.4bn in damages were done to Fortune 500 companies alone. Jeff Heine, Chief Revenue Officer of Novidea delved into why this calamity underscores the need for modern, sophisticated insurance management systems.
Company News

Why the CrowdStrike outage highlights a need for modern insurance management...

Optalitix, a specialist in insurance and finance software, has raised $3m in a follow-on fundraising round led by its existing investor, Calculus Capital.
Company News

Optalitix secures $3m funding to drive insurance software innovation

Trupanion, Inc., a leading global provider of medical insurance for cats and dogs, has announced the official launch of its high-quality pet insurance product in Germany and Switzerland.
Company News

Trupanion launches signature medical insurance product in Germany and Switzerland

Markel, a global specialty insurer, has launched a cutting-edge cyber insurance policy designed to cater to FinTech firms.
Company News

Markel launches specialised cyber coverage for FinTechs

OneAdvent, a specialist MGA services platform, has announced a new leadership appointment designed to support the company’s ongoing expansion within Europe.
Company News

OneAdvent announces leadership appointment to drive European expansion plans

WTW, a global advisory, broking, and solutions company, has announced a strategic partnership with Kayna, an award-winning insurance infrastructure platform.
Commercial/Enterprise Insurance

WTW and Kayna partner to offer tailored insurance solutions to SMEs

Carbon Underwriting (Carbon), an independent managing general underwriter and manager of Lloyd’s syndicates, has announced the appointment of Julie Gallagher as its new head of syndicate management, effective immediately.
Company News

Carbon Underwriting appoints Julie Gallagher as head of syndicate management

Aspen, a global specialty insurer and reinsurer, has announced an expansion of its partnership with Coalition, a leading Active Insurance provider, through the launch of Coalition Re.
Commercial/Enterprise Insurance

Aspen extends partnership with Coalition

Zurich Insurance Company has announced a host of new leadership appointments within its Asia-Pacific (APAC) commercial insurance division.
Company News

Zurich Insurance strengthens APAC leadership team

Sigo Seguros, a car insurance startup focused on underserved communities, has raised $10.5m in a Series A funding round.
Auto Insurance

Sigo Seguros bags $10.5m to expand car insurance offerings

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