FinTech News

AI-powered InsurTech platform 1Fort, which focuses on streamlining commercial insurance processes for brokers and agents, has announced a $7.5m oversubscribed funding round.

Ando Insurance, a New Zealand-based underwriting agency, has renewed and expanded its partnership with SSP Worldwide as part of an effort to drive its ongoing digital transformation strategy.

Feather, a Berlin-based InsurTech startup, has appointed Eloi Lanthiez as Country Launcher for France, as it looks to drive growth in the region and across Europe.

Artificial intelligence (AI) is having a profound impact on insurance underwriting, transforming long-established processes and significantly improving insurers’ capabilities. From improving risk assessment to tailoring offers and automating administrative functions, AI is enabling a new era of agility and competitiveness in the InsurTech space, as Earnix explains.

RYZE Claim Solutions, a national claims management provider, has acquired Acorn Claims, a Missouri-based firm known for its specialisation in daily and catastrophe claims services across the US.

EIS, a provider of the cloud-native SaaS core insurance platform OneSuite™ and an expanding suite of modular digital applications, has introduced AbsenceLink, a modern solution aimed at revolutionising how insurers and their employer clients manage disability and leave.

In an age where convenience is king, the insurance industry is shedding its clunky, paper-bound past for a sleeker, more intuitive future. Embedded insurance – coverage seamlessly woven into the purchase of products or services – is evolving into what experts call Embedded Insurance 2.0, a model so frictionless it’s almost invisible. By integrating policies into digital platforms like creator economies, vertical SaaS, and peer-to-peer services, insurers are meeting customers exactly where they are. This shift promises to democratise access, streamline claims, and redefine trust in an industry long plagued by complexity. However, those looking to leverage these advancements must navigate the delicate balance of automation, consent, and global scalability.

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Chapter, a US-based Medicare navigation platform, has closed a $75m Series D funding round to bolster its mission of transforming retirement healthcare experiences.