Company News

Blink Parametric, a leading Cork-based travel InsurTech and parametric solutions provider, has extended its partnership with MAWDY Ireland.

InsurTech industry experts are expecting the space to bounce back in 2024 after a drastic drop in deal activity last year.

Freeyou Insurance, a digital insurer from Germany, is joining forces with Akur8, an innovator in insurance pricing solutions.

Rainbow, a digital managing general underwriter specialising in small business insurance, has recently secured a significant $12 million in seed funding.

New York-based InsurTech Kalepa has revealed the appointment of a Japanese industry leader to its Advisory Board.

2024 marks a pivotal chapter in the dynamic world of InsurTech, where innovation and technology converge to redefine the insurance landscape. From AI-driven risk assessments to the emergence of Generative AI, this year is set to herald in a new era that will revolutionise how insurance firms operate. As digitalisation accelerates and customer expectations evolve, 2024 is set to see a disruption to traditional models, offering personalised solutions, streamlined processes, and enhanced customer experiences.  

InsurTech startup Branch has recently undergone a second wave of layoffs, impacting 85 employees, following a previous cut of employees in June, according to sources from The Coverager.

Vienna-based InsurTech hi.health has bagged €6m in a pre-Series A financing round, as it looks to expand across Europe.

Technology is the cornerstone of the modern insurance sector, yet grappling with technical debt remains a significant challenge for many insurers. Technical debt arises when shortcuts in IT infrastructure accumulate, impeding sustained and robust practices for long-term growth, as Hyperexponential explain.

In an era defined by technological leaps, the insurance industry faces a pivotal juncture: with the opportunity to embrace Generative AI (GenAI) to elevate the customer experience at the forefront of that. FinTech Global had the privilege to speak with Deepti Kalra, Vice President & Head of AI Products & Solutions – Insurance Analytics at EXL, to delve into the crucial facets of GenAI and its transformative potential within insurance.