FinTech News

Digital insurance broker UpCover secures $19m Series A funding

Digital insurance broker UpCover secures $19m Series A funding

Digital insurance broker UpCover, which specialises in commercial insurance solutions, has raised $19m in a Series A funding round to accelerate the growth of its platform.
Announced in early 2021 and currently at version 3.2, the Core Data Record (CDR) is a groundbreaking initiative aimed at streamlining and standardising transaction data collection. Designed to be captured at the point of binding, this system facilitates key processes such as premium validation, claims matching, tax validation, and regulatory reporting. Now it is at the epicentre of the insurance sector's digital revolution, as Novidea explains.

How Lloyd’s Core Data Record is transforming the insurance industry

Announced in early 2021 and currently at version 3.2, the Core Data Record (CDR) is a groundbreaking initiative aimed at streamlining and standardising transaction...
LoadStar Insurance Services, a managing general agent (MGA), has announced a partnership with Redkik to modernise and streamline customs inspection coverage for businesses worldwide.

LoadStar and Redkik partner to streamline customs inspection insurance

LoadStar Insurance Services, a managing general agent (MGA), has announced a partnership with Redkik to modernise and streamline customs inspection coverage for businesses worldwide. Customs...
Norwegian InsurTech startup 7Analytics, which specialises in flood data analytics, has received an investment from IAG Firemark Ventures, the corporate venture capital arm of general insurer IAG.

InsurTech firm 7Analytics secures investment from IAG Firemark Ventures

Norwegian InsurTech startup 7Analytics, which specialises in flood data analytics, has received an investment from IAG Firemark Ventures, the corporate venture capital arm of general insurer...

Carbon Underwriting adds industry veterans Paddy Byrne and Michael Watson to board

Carbon Underwriting, a specialist independent managing general underwriter and Lloyd’s syndicate, has announced significant changes to its board of directors. The company has appointed industry...
Simplifai, a leader in AI-driven automation, has launched Agentic AI designed to optimise critical processes such as claims handling, underwriting, and customer service.

Simplifai launches Agentic AI to transform insurance automation

Simplifai, a leader in AI-driven automation, has launched Agentic AI designed to optimise critical processes such as claims handling, underwriting, and customer service. The Norwegian...
Earnix, a global leader in intelligent decisioning SaaS solutions for financial services, has emphasised the importance of the UK’s newly released AI Cyber Security Code of Practice.

Earnix emphasises importance of UK’s AI Cyber Security Code of Practice

Earnix, a global leader in intelligent decisioning SaaS solutions for financial services, has emphasised the importance of the UK’s newly released AI Cyber Security...
Ahoy! Insurance, a technology-driven InsurTech provider specialising in marine insurance, has announced its expansion into the Florida market.

Ahoy! Insurance enters Florida market with innovative marine insurance solutions

Ahoy! Insurance, a technology-driven InsurTech provider specialising in marine insurance, has announced its expansion into the Florida market. This move aims to provide Florida’s boating...
Bestow, a leading InsurTech platform, has announced the appointment of three new executives to support its next phase of growth.

Bestow strengthens leadership team with three key hires to drive growth

Bestow, a leading InsurTech platform, has announced the appointment of three new executives to support its next phase of growth. David Malenoir-Evans joins as chief...
Qantev, an AI-driven claims management platform specialising in health and life insurance, has partnered with INSTANDA to provide insurers with an integrated solution to streamline policy administration and optimise claims processing.

Qantev and INSTANDA collaborate to transform health & life insurance

Qantev, an AI-driven claims management platform specialising in health and life insurance, has partnered with INSTANDA to provide insurers with an integrated solution to streamline policy administration and optimise claims processing.
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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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