Previsico and Descartes to transform flood insurance with IoT sensors and parametric solutions
Previsico has partnered with Descartes Underwriting to offer businesses in the UK and Ireland advanced flood warnings and swift claims payments
Instabase bags $100m to expand its AI-powered data platform
Instabase, a leading applied artificial intelligence (AI) platform for unstructured data, has announced its $100m Series D funding round.
Inside the growing challenge of complex underwriting rules
The Earnix 2024 Industry Trends report revealed that nearly 75% of insurers have hundreds of rules embedded in their underwriting systems, with 18% stating they manage thousands. This overwhelming number of rules can complicate processes and impede efficiency. In response to these stark figures, Earnix is delving into how insurers can address these complexities and streamline their underwriting processes.
PayPal Ventures leads $13m Series B round for InsurTech Olé Life
Olé Life, a leading Latin American InsurTech, has raised $13m in a Series B funding round led by PayPal Ventures.
Lazada and Peak3 partner to launch Southeast Asia’s leading embedded insurance ecosystem
Lazada, Southeast Asia’s leading eCommerce platform, and Peak3, a global leader in InsurTech, have announced a strategic joint venture (JV) aimed at creating the...
Africa Specialty Risks strengthens African reinsurance footprint with Lloyd’s service company
Africa Specialty Risks (ASR), the pan-African and Middle East-focused (re)insurance group, has launched Africa Specialty Risks Mauritius as a Lloyd’s service company.
Latin American InsurTech Olé Life secures $13m Series B funding from PayPal Ventures
Latin American InsurTech Olé Life, a fully digital life insurance platform, has raised $13m in a Series B funding round led by PayPal Ventures.
GBSAPRI Group acquires Ernesto Solari Assicurazioni and Seabridge to expand in Italy and Switzerland
GBSAPRI Group has made two acquisitions to extend its presence across Italy and enter the Swiss market.
How Magic Submission streamlines submission management for insurers and MGAs
Managing insurance submissions is a challenging and time-consuming aspect of the underwriting process. IntellectAI has released a new whitepaper outlining how its Magic Submission...
Rainbow raises $8m to expand small business insurance offerings
Rainbow, a digitally-enabled managing general underwriter (MGU) specialising in small business insurance, has announced the close of an $8m Series A funding round.
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