FinTech News

Federato, an InsurTech startup specialising in AI-driven underwriting solutions, has announced the close of a $40m Series C funding round.

AI-driven InsurTech Federato secures $40m Series C funding round

Federato, an InsurTech startup specialising in AI-driven underwriting solutions, has announced the close of a $40m Series C funding round. The round was led by...
Arthur J. Gallagher expands US presence with Shepard Insurance Group acquisition

Arthur J. Gallagher expands US presence with Shepard Insurance Group acquisition

The acquisition strengthens Gallagher’s position in the high-net-worth insurance market, building on Shepard Insurance Group’s strong regional presence and expertise.
Previsico, a specialist in surface water flood forecasting, has partnered with Esri UK to help UK businesses and organisations mitigate future flood impacts and losses.

Previsico partners with Esri UK to revolutionise flood forecasting

Previsico, a specialist in surface water flood forecasting, has partnered with Esri UK to help UK businesses and organisations mitigate future flood impacts and...
B.P. Marsh & Partners, a specialist private equity investor in early-stage financial services firms, has made a $12.6m investment in XPT Group, a leading US-based insurance distribution platform.

B.P. Marsh invests $12.6m in XPT Group to drive insurance market expansion

B.P. Marsh & Partners, a specialist private equity investor in early-stage financial services firms, has made a $12.6m investment in XPT Group, a leading US-based insurance distribution platform.
McGill and Partners, an independent global specialty insurance and reinsurance broker, has launched a new trade disruption insurance facility in collaboration with Tokio Marine Kiln (TMK) and Convex.

McGill and Partners partners with Tokio Marine Kiln and Convex to launch $95m trade...

McGill and Partners, an independent global specialty insurance and reinsurance broker, has launched a new trade disruption insurance facility in collaboration with Tokio Marine Kiln (TMK) and Convex.
Sony Financial Group, a major player in the property and casualty (P&C) and life insurance markets, has announced the acquisition of Japanese InsurTech startup JustInCase. 

Sony Financial Group acquires Japanese InsurTech startup JustInCase

Sony Financial Group, a major player in the property and casualty (P&C) and life insurance markets, has announced the acquisition of Japanese InsurTech startup JustInCase. 
Canara HSBC Life Insurance is launching a Generative AI-driven underwriting solution to enhance precision, efficiency, and scalability in life insurance underwriting processes.

Canara HSBC Life Insurance debuts Generative AI-driven underwriting solution

Canara HSBC Life Insurance is launching a Generative AI-driven underwriting solution to enhance precision, efficiency, and scalability in life insurance underwriting processes.  The product, known...
Everest, a global reinsurance and insurance leader, has announced its entry into the Italian market, as it looks to scale its presence across Europe.

Everest enters Italian market with new Milan base

Everest, a global reinsurance and insurance leader, has announced its entry into the Italian market, as it looks to scale its presence across Europe.
US InsurTech deal activity declines by 51% YoY in Q3 2024 despite funding surge

US InsurTech funding doubled in Q3 YoY as investors back fewer but larger deals

Key United States InsurTech investment stats in Q3 2024: United States InsurTech funding doubled in Q3 YoY Deal activity halved in Q3 as investors...
CoverGo, an InsurTech company offering end-to-end digital solutions for the insurance industry, has announced the appointment of Louis Lee as managing director, APAC.

CoverGo strengthens APAC operations with Louis Lee as managing director

CoverGo, an InsurTech company offering end-to-end digital solutions for the insurance industry, has announced the appointment of Louis Lee as managing director, APAC.
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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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