Industry News

Openly

Premium homeowners insurance firm Openly secures $100m in Series D

Openly, a Boston, MA-based firm, is a premium homeowners insurance provider that recently bagged a significant financial milestone.
Why 89% of UK insurers demand a revolution in pricing technology

Why 89% of UK insurers demand a revolution in pricing technology

In the evolving landscape of insurance, there is a stark need for adaptation. The rampant shift towards digitalisation has impacted the very core of how insurers operate, but the data-driven wave hasn't been smooth sailing. Underwriters and actuaries, key players in the industry, voice discontent with contemporary processes.
Choosing the best development route: From Native to Cross-platform

Choosing the best development route: From native to cross-platform

Mobile app development has evolved significantly since the advent of smartphones in the late 2000s. Initially, developers had two main approaches to consider: native and hybrid development. Native apps were built using the platforms' specific programming languages, while hybrid apps were web applications housed within a sandbox browser.
How Ascent is helping insurers and reinsurers boost profitability

How Ascent is helping insurers and reinsurers boost profitability

Founded in 2005, Ascent has a key mission: help insurers and reinsurers become more profitable by accelerating their ability to transact. We recently spoke to CCO George Earp and Principal Architect Konrad Pfeffer to find out more.
Kayna

Kayna aims to reshape SMB insurance after landing €1m investment

Kayna, the embedded insurance infrastructure platform, has successfully secured a €1 million pre-seed funding round. 
6th annual InsurTech100 lists the companies you can’t afford to miss

6th annual InsurTech100 lists the companies you can’t afford to miss

As InsurTech continues to become vital for the success of insurance companies, specialist research firm FinTech Global has released the sixth annual edition of its InsurTech100 list.  
QBE

QBE expands global reach with new cyber offering in the Middle East

QBE, a leading primary insurer with a broad international footprint, has revealed its newest endeavour - a cyber offering in the Middle East.
Evident has launched a generative AI solution for risk managers to streamline and simplify the insurance verification process.

Evident launches generative AI solution to assist risk managers

Evident has launched a generative AI solution for risk managers to streamline and simplify the insurance verification process.
ABAX

ABAX, Eir and Greater Than link to redefine motor insurance through data

ABAX, a telematics firm, has unveiled a groundbreaking triad partnership with driver crash probability company Greater Than. Central to this collaboration is the mission to...
SecurityScorecard

SecurityScorecard and Measured Analytics unveil cyber insurance discounts

SecurityScorecard has formed a partnership with Measured Analytics and Insurance, the pioneering AI-driven cyber insurance provider.

News Stories

Faye raises $50m to power autonomous travel care

Faye raises $50m to power autonomous travel care

Faye, the AI-powered travel protection platform recognised as a TIME Best Invention and named a top provider by The Wall Street Journal, has closed...
Why insurance personalisation is still stuck in the data gap

Why insurance personalisation is still stuck in the data gap

Insurers have invested significantly in customer data, segmentation and behavioural analytics to improve engagement. However, many still face challenges when turning those insights into...
Octave taps Cytora technology for new MGA launches

Octave taps Cytora technology for new MGA launches

Cytora, an AI-powered risk processing platform for commercial insurers, has entered a partnership with Octave Specialty Group, a specialty insurance platform that builds, buys...
Plaid and Sierra unlock AI-powered financial workflows

Plaid and Sierra unlock AI-powered financial workflows

Plaid, a financial technology company that enables consumers to securely connect their financial accounts with apps and services, has partnered with Sierra, an AI...

Angelica Solutions adds pricing expert Illingworth

Angelica Solutions, the UK insurance consultancy specialising in data-driven and actuarial solutions for insurers, MGAs and InsurTechs, has appointed Amy Illingworth as a senior...
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