FinTech News

European InsurTech funding 2024

UK continues to lead European InsurTech with a third of all deals in 2024

Key European InsurTech investment stats in 2024: European InsurTech deal activity dropped by 54% YoY UK companies secured a third of the deals as...
SelectQuote, a leading distributor of Medicare insurance policies and owner of a rapidly growing healthcare services platform, has secured a $350m strategic investment.

SelectQuote lands $350m funding to expand healthcare services platform

SelectQuote, a leading distributor of Medicare insurance policies and owner of a rapidly growing healthcare services platform, has secured a $350m strategic investment. The investment,...
Duck Creek Technologies, a leading provider of intelligent solutions for the property and casualty (P&C) insurance industry, has announced a strategic partnership with Worldpay to enhance payment processing capabilities for insurers.

Duck Creek Technologies partners with Worldpay to enhance insurance payment solutions

Duck Creek Technologies, a leading provider of intelligent solutions for the property and casualty (P&C) insurance industry, has announced a strategic partnership with Worldpay to enhance payment processing capabilities for insurers.
Neutrinos, an intelligent automation specialist, has launched a state-of-the-art platform designed to help insurers integrate AI-driven decision-making, streamline complex tasks, and enhance customer engagement.

Neutrinos launches AI Agent Composer to revolutionise InsurTech automation

Neutrinos, an intelligent automation specialist, has launched a state-of-the-art platform designed to help insurers integrate AI-driven decision-making, streamline complex tasks, and enhance customer engagement. The...
ZestyAI, a leader in AI-powered climate and property risk analytics, has been selected by Safepoint Holdings to enhance its underwriting accuracy and risk assessment capabilities. 

Safepoint Holdings partners with ZestyAI to enhance climate risk analytics and underwriting

ZestyAI, a leader in AI-powered climate and property risk analytics, has been selected by Safepoint Holdings to enhance its underwriting accuracy and risk assessment...
The Managing General Agents’ Association (MGAA) and the Association of British Insurers (ABI), have signed a Memorandum of Understanding (MoU) to foster greater industry collaboration.

MGAA and ABI strengthen insurance collaboration with new MoU

The Managing General Agents’ Association (MGAA) and the Association of British Insurers (ABI), have signed a Memorandum of Understanding (MoU) to foster greater industry...
Vigil, an InsurTech company focused on the annuity industry, has raised $1.3m in a pre-seed funding round to advance its API-driven automation solutions for insurance carriers.

Vigil secures $1.3m to advance automation solutions for insurance carriers

Vigil, an InsurTech company focused on the annuity industry, has raised $1.3m in a pre-seed funding round to advance its API-driven automation solutions for insurance carriers.
Wisedocs, an AI-powered claims platform with expert human oversight, has launched two new features designed to enhance the processing of complex medical records and claims documentation.

Wisedocs unveils new AI-powered tools to streamline medical records and claims management

Wisedocs, an AI-powered claims platform with expert human oversight, has launched two new features designed to enhance the processing of complex medical records and...
CLARK, Europe’s leading digital insurance broker, has unveiled its first fully digital underwriting solution in the UK under its brand Polly.

CLARK launches Polly’s Digital Pathway to transform UK life insurance

CLARK, Europe’s leading digital insurance broker, has unveiled its first fully digital underwriting solution in the UK under its brand Polly.
Akur8, a next-generation pricing and reserving platform, has been selected by South African insurance underwriter Alpha Insure to help elevate its pricing process.

Alpha Insure adopts Akur8’s machine learning pricing platform for smarter underwriting

Akur8, a next-generation pricing and reserving platform, has been selected by South African insurance underwriter Alpha Insure to help elevate its pricing process.
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News Stories

Booking a flight online takes minutes. Ordering a taxi takes seconds. Even applying for a loan can now be done in a handful of taps. Buying insurance, by contrast, often feels like stepping back a decade. The process slows, the questions multiply, and what should be simple quickly becomes something to work through rather than complete.

Why most insurance quotes are abandoned — and how insurers can fix it

Booking a flight online takes minutes. Ordering a taxi takes seconds. Even applying for a loan can now be done in a handful of...

Global InsurTech funding extends decline as investment falls 50% in April

Global InsurTech investment cooled further in April, with eight deals raising approximately $119m, marking another step down from March’s already subdued $237m. That represents a...
InsureMO, an API, data and AI-driven insurance platform, has added Upsure, a provider of core insurance software, to its partner ecosystem to deliver a unified core insurance suite and accelerate digital transformation for insurers across emerging markets.

InsureMO adds Upsure to expand core insurance platform

InsureMO, an API, data and AI-driven insurance platform, has added Upsure, a provider of core insurance software, to its partner ecosystem to deliver a...
Insly, an enterprise-grade insurance software provider, has launched a new AI-enabled claims portal designed to help insurers and managing general agents (MGAs) deliver a self-service, digital-first claims experience for policyholders.

Insly debuts digital claims platform for MGAs

Insly, an enterprise-grade insurance software provider, has launched a new AI-enabled claims portal designed to help insurers and managing general agents (MGAs) deliver a...
The global insurance industry is moving quickly into an AI-driven future. Pricing, underwriting, and customer engagement are being reshaped at pace, with many insurers shifting from experimentation to real-world deployment. But beneath this global momentum, the UK market tells a more measured story.

How the rise of AI’s impacting UK insurance pricing

The global insurance industry is moving quickly into an AI-driven future. Pricing, underwriting, and customer engagement are being reshaped at pace, with many insurers...
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