FinTech News

ePayPolicy, a leading digital payments platform for the insurance industry, has announced a strategic integration with INTX Insurance Software, a provider of end-to-end policy administration systems for the insurance sector.

Heron, a workflow automation company specialising in AI-powered document processing for traditional industries such as lending, insurance and equipment finance, has raised $16m in a Series A funding round.

In today’s evolving financial crime landscape, the insurance sector is facing increasing scrutiny. Long considered a low-risk area, both life and non-life insurance products are now being exploited for money laundering, sanctions evasion, and fraud.

Globe Underwriting, a UK-based managing general agent (MGA) specialising in tailored insurance solutions, has taken a significant step forward with the launch of its professional indemnity (PI) proposition.

Optimising claims handling costs is a crucial topic in the insurance sector, as it directly affects customer relationships and operational expenses. Insurance companies face the challenge of balancing efficient claims settlement with managing expenditure, which has prompted a growing need for improvements through FinTech solutions. Automation, system integration, and centralised data management are among the key strategies insurers can adopt to streamline claims handling and reduce costs.

Akur8 has appointed Davide Burlon as its new regional sales director for EMEA, strengthening its leadership team with a seasoned expert in the insurance and data landscape.

Life InsurTech firm Ethos has partnered with personal finance platform Origin to give policyholders a one-year free subscription to Origin’s financial management platform.

Monzo, a leading UK-based digital bank, has announced the launch of Monzo Home Insurance, a combined buildings and contents insurance policy designed to offer UK homeowners a simpler and more flexible way to protect their property and belongings.

London-based Laka, a specialist insurance firm focused on sustainable transport, has secured $10.4m in a Series B funding round as it looks to accelerate profitability and solidify its position as a leader in Europe’s green mobility insurance sector.

A new survey by HDFC ERGO General Insurance reveals a significant shift in the attitudes of Gen Z and Millennials in India towards health insurance, with 61% of respondents in this demographic preferring to invest in it.