FinTech News

Qumis, an innovative AI-powered platform designed to assist insurance professionals, has announced the successful closure of a $2.2m pre-seed funding round.

Qumis secures $2.2m to transform insurance workflows with AI

Qumis, an innovative AI-powered platform designed to assist insurance professionals, has announced the successful closure of a $2.2m pre-seed funding round.
Cytora, a digital risk processing platform, has partnered with Smarty, a leading provider of property data solutions, to transform property risk evaluation processes for insurers.

Cytora and Smarty partner to revolutionise property risk evaluation for insurers

Cytora, a digital risk processing platform, has partnered with Smarty, a leading provider of property data solutions, to transform property risk evaluation processes for...
WTW, a global advisory, broking and solutions company, has announced the appointment of Mark Mamone as head of technology delivery and strategy within its insurance consulting and technology (ICT) business.

WTW appoints Mark Mamone to lead technology delivery and strategy

WTW, a global advisory, broking and solutions company, has announced the appointment of Mark Mamone as head of technology delivery and strategy within its insurance consulting and technology (ICT) business.
InsurTech investment trends

US firms dominate InsurTech market securing half of the top 10 deals in 2024

Key Global InsurTech investment stats in 2024: Global InsurTech funding dropped by 35% YoY US firms dominated the InsurTech market securing half of the...
Budget Direct Insurance, a prominent digital insurer in Singapore, has unveiled its new Commercial Vehicle Insurance product.

Budget Direct Insurance unveils new commercial vehicle insurance product for small businesses

Budget Direct Insurance, a prominent digital insurer in Singapore, has unveiled its new Commercial Vehicle Insurance product.
SBLI, The Savings Bank Mutual Life Insurance Company of Massachusetts, is set to transform life underwriting by leveraging Swiss Re’s Underwriting Ease solution through a new partnership with the leading global reinsurer.

SBLI partners with Swiss Re to transform life insurance underwriting

SBLI, The Savings Bank Mutual Life Insurance Company of Massachusetts, is set to transform life underwriting by leveraging Swiss Re’s Underwriting Ease solution through...
FCCI Insurance Group has significantly enhanced its customer service capabilities by implementing Glia’s advanced contact centre solution.

FCCI upgrades customer service with Glia’s advanced contact centre solution

FCCI Insurance Group has significantly enhanced its customer service capabilities by implementing Glia’s advanced contact centre solution.
Columbia Insurance Group (CIG), a mutual insurer specialising in property and casualty coverage for small and mid-sized businesses, has partnered with One Inc to implement cutting-edge solutions to enhance its policyholder experience. 

Columbia Insurance Group partners with One Inc to enhance policyholder experience

Columbia Insurance Group (CIG), a mutual insurer specialising in property and casualty coverage for small and mid-sized businesses, has partnered with One Inc to implement cutting-edge solutions to enhance its policyholder experience. 
Insurance firms have begun implementing environmental, social and governance (ESG) data into their offerings amidst a swell of pressure from stakeholders. This data is transforming underwriting profitability, enabling better risk assessments, product innovation, and regulatory compliance. 

The role of ESG data in modern insurance underwriting

Insurance firms have begun implementing environmental, social and governance (ESG) data into their offerings amidst a swell of pressure from stakeholders. This data is transforming underwriting profitability, enabling better risk assessments, product innovation, and regulatory compliance. 
Tokio Marine Holdings, a global leader in the insurance industry, has announced the appointment of Masahiro Koike as its new President and CEO.

Tokio Marine Holdings names Masahiro Koike as new CEO

Tokio Marine Holdings, a global leader in the insurance industry, has announced the appointment of Masahiro Koike as its new President and CEO.
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News Stories

Kin Insurance, a US InsurTech focused on homeowners coverage in catastrophe-exposed regions, has secured $335m in its largest catastrophe bond transaction to date.

Kin Insurance lands $335m bond to bolster US storm protection

Kin Insurance, a US InsurTech focused on homeowners coverage in catastrophe-exposed regions, has secured $335m in its largest catastrophe bond transaction to date. The raise...
Allianz Commercial will transfer its standalone cyber insurance portfolio to Coalition as part of a long-term partnership to consolidate the global cyber insurance market. 

Allianz and Coalition form exclusive cyber insurance alliance

Allianz Commercial will transfer its standalone cyber insurance portfolio to Coalition as part of a long-term partnership to consolidate the global cyber insurance market.  The...
InsurTech firm Corgi has reached unicorn status after raising $160m in Series B funding at a $1.3bn valuation.

Corgi hits unicorn status after $160m Series B

InsurTech firm Corgi has reached unicorn status after raising $160m in Series B funding at a $1.3bn valuation. The round brings Corgi’s total funding to...

Pit secures $16m led by Andreessen Horowitz

Pit, a Swedish AI startup developing custom enterprise software, has emerged from stealth with $16m in seed funding led by Andreessen Horowitz, as it...
Insurance has always depended on timing. Risk is captured at a specific moment, translated into a price, and expected to remain broadly stable until the next review. For much of the industry’s history, that assumption has held. Risk moved, but not so quickly that it escaped the frame of underwriting.

How real-time risk visibility is reshaping the insurance lifecycle

Insurance has always depended on timing. Risk is captured at a specific moment, translated into a price, and expected to remain broadly stable until...
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