Company News

Spixii and Socotra have partnered to enable insurers to integrate Spixii’s conversational process automation with Socotra’s core platform to deliver superior customer experiences.

Qumata, a provider of a ML/AI underwriting solution, has raised $23m from a Series A extension round.

Blink Parametric has collaborated with Zurich Canada to help more people access travel insurance.

InsurTech firm Akur8 has teamed with pet health and insurance company Bought By Many to help boost the latter pricing capabilities.

Jaguar Land Rover and BNP Paribas have entered into a strategic partnership to enhance automotive financing solutions with services across nine European markets.

Super, an InsurTech that provides subscription care for the home, has acquired home warranty business Platinum Home Warranty.

HSBC Insurance has completed the acquisition of 100% of the issued share capital of AXA Insurance in Singapore, for $529m.

Ontellus, a records retrieval and claims intelligence company, has partnered with Duck Creek Technologies to help insurers manage injury claims.

Systems built by insurers in the late 90s have long since become redundant following the wave of digital transformation the industry has experienced since. As such, insurers need to find partners to help them meet the market requirements of today that will also equip them with the tools to scale successfully in future.

Digital life insurance provider Nowly, a subsidiary of Canadian insurer Teachers Life, has launched in Canada.