FinTech News

Assurant, a leading global protection company specialising in safeguarding connected devices, homes, and automobiles, has launched Assurant Vehicle Care Technology Plus, a market-leading vehicle service contract (VSC).

HLPartnership (HLP), one of the UK’s leading mortgage networks, has announced an expansion of its General Insurance (GI) panel.

London-based Icen Risk, a specialist in M&A insurance, has received a significant minority investment from Zurich, a leading global insurer.

MAPFRE, a global insurance giant, has named Carlos Díaz Gridilla as the new general manager of its real estate subsidiary, MAPFRE Inmuebles.

Monzo, a leading UK-based digital bank known for its customer-centric financial services, has announced the launch a new product designed to provide renters and homeowners with a seamless way to protect their belongings.

Allianz Partners UK, a global provider of roadside assistance and insurance solutions, has been reappointed as Volvo Car UK’s roadside assistance provider for another three years.

Data migration is a major challenge for insurance firms, often leading to cost overruns and delays. According to Gartner, 83% of data migration projects either fail or exceed budgets and timelines. This poses significant risks for insurers, including compliance issues, operational disruptions, and financial losses. However, ChainThat offers a smarter approach. Its insurance-specific policy lifecycle migration framework is designed for agility, reliability, and security.

Novidea, an InsurTech firm specialising in cloud-based insurance management solutions, has appointed Oren Leshem as vice president of sales for the Asia-Pacific (APAC) and Middle East & North Africa (MENA) regions.

Managing general agents (MGAs) have become vital intermediaries in the insurance industry, offering specialised products that traditional insurers may shy away from due to complexity or niche demand. They bridge the gap between insurers and policyholders, focusing on hard-to-place risks and providing tailored solutions that would otherwise be difficult to obtain. Earnix, a firm which works alongside some of the world's largest insurers, delves into the growing role of MGAs in the market. 

Key Global InsurTech investment stats in 2024: Global InsurTech deal activity dropped by 47% YoY US, UK and France continued to dominate global InsurTech...