FinTech News

King Risk Partners, a national insurance firm focused on strategic expansion, has acquired Fidens Insurance Brokers, an independent insurance agency based in Red Bank, New Jersey.

King Risk Partners acquires Fidens Insurance Brokers to bolster Northeastern US presence

King Risk Partners, a national insurance firm focused on strategic expansion, has acquired Fidens Insurance Brokers, an independent insurance agency based in Red Bank, New Jersey.
Scottish Widows, a leading life insurance and pensions provider and part of Lloyds Banking Group, has entered into a partnership with Sprout.ai to pilot artificial intelligence (AI) solutions that aim to transform the insurance claims and underwriting process.

Scottish Widows and Sprout.ai partner to fast-track life insurance claims using AI

Scottish Widows, a leading life insurance and pensions provider and part of Lloyds Banking Group, has entered into a partnership with Sprout.ai to pilot artificial intelligence (AI) solutions that aim to transform the insurance claims and underwriting process.
SafeWeb, a provider of AI-powered cyber security solutions for small businesses (SMBs), has formed a partnership with Chubb, a global leader in insurance, to enhance cyber resilience for SMEs through an all-in-one protection solution.

Chubb joins forces with SafeWeb to offer cyber insurance for small businesses

SafeWeb, a provider of AI-powered cyber security solutions for small businesses (SMBs), has formed a partnership with Chubb, a global leader in insurance, to enhance cyber resilience for SMEs through an all-in-one protection solution.
US InsurTech funding Q1 2025

HDVI secured the largest US InsurTech deal in Q1 as funding in the country...

Key US InsurTech investment stats in Q1 2025: US InsurTech funding rose by 37% YoY Average deal value increased to $12.8m as investors showed...
Previsico sounds alarm as most UK firms lack flood resilience plans

Previsico sounds alarm as most UK firms lack flood resilience plans

Fewer than 30% of UK businesses are ready to face the increasing threat of flooding linked to climate change, according to new findings from InsurTech firm Previsico.
Kota raises $14.5m to expand embedded insurance benefits platform

Kota raises $14.5m to expand embedded insurance benefits platform

Kota, an Irish InsurTech firm transforming how businesses deliver employee benefits, has secured $14.5m in Series A funding.
Conifer Insurance Services, a specialist insurance provider focused on niche markets, has partnered with Skyward Specialty Insurance Group, a commercial P&C insurer with a strategy centred around niche underwriting, to launch a new insurance programme called Cannabis Select.

Conifer and Skyward Specialty partner to launch Cannabis Select for multi-state cannabis operators

Conifer Insurance Services, a specialist insurance provider focused on niche markets, has partnered with Skyward Specialty Insurance Group, a commercial P&C insurer with a strategy centred around niche underwriting, to launch a new insurance programme called Cannabis Select.
Quandri, an AI-driven InsurTech firm focused on modernising personal lines renewals for insurance agencies, has announced the appointment of Patrick Mulroy as head of strategy and partnerships.

Quandri names Patrick Mulroy as head of strategy and partnerships to spearhead US expansion

Quandri, an AI-driven InsurTech firm focused on modernising personal lines renewals for insurance agencies, has announced the appointment of Patrick Mulroy as head of strategy and partnerships.
Parametrix, a pioneer in digital business interruption insurance, has launched a new embedded coverage programme aimed at safeguarding businesses from disruptions triggered by endpoint security failures.

Parametrix unveils $2m embedded insurance product for EDR system failures

Parametrix, a pioneer in digital business interruption insurance, has launched a new embedded coverage programme aimed at safeguarding businesses from disruptions triggered by endpoint security failures.
Cytora, a digital risk processing platform helping insurers streamline underwriting, has announced a new partnership with Aisix Solutions to enhance insurers' ability to assess and manage wildfire risk.

Cytora and Aisix Solutions team up to power insurers with wildfire risk data

Cytora, a digital risk processing platform helping insurers streamline underwriting, has announced a new partnership with Aisix Solutions to enhance insurers' ability to assess and manage wildfire risk.

News Stories

Capricorn Mutual completes Duck Creek platform go-live

Capricorn Mutual completes Duck Creek platform go-live

Aggne, a Wipro company and insurance technology services provider, has confirmed the successful go-live of Capricorn Mutual, the member-owned risk protection organisation, on Duck...
Why rating engines are becoming insurers' decision hub

Why rating engines are becoming insurers’ decision hub

Pricing technology is moving beyond its traditional home in actuarial and underwriting teams. Rating engines are increasingly being used by marketing, innovation and product...
AML

Why underwriting data holds the key to spotting AML risk

Insurance houses across South Africa are pouring money into anti-financial crime tools, yet heavy spending alone is not solving the problem. Effectiveness, particularly at...
Wildfire data model drives new California cover

Wildfire data model drives new California cover

DUAL North America, a specialty programme administrator, Kingstone Companies, a Northeast-focused property insurer, and Windward Risk Managers, a Florida-based risk manager, have each launched...
ManyPets debuts UK's first ChatGPT insurance plugin

ManyPets debuts UK’s first ChatGPT insurance plugin

ManyPets, a UK pet insurance provider offering Lifetime cover and an AI-powered claims service, has become the first UK specialist pet insurance provider to...
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