FinTech News

Previsico expands AI flood forecasting to Ireland, enhancing insurer resilience to climate change

Previsico expands AI flood forecasting to Ireland, enhancing insurer resilience to climate change

Previsico has unveiled its innovative live flood forecasting service in the Republic of Ireland.
Root Inc refinances $200m term loan facility with BlackRock to boost financial flexibility

Root Inc refinances $200m term loan facility with BlackRock to boost financial flexibility

Root, the Columbus, Ohio-based parent company of Root Insurance Company, has announced a successful refinancing of its term loan facility. The capital was supplied by...
Regal, a leading provider of AI-powered contact centre software, has successfully secured $40m in funding to accelerate the development and deployment of its innovative AI Phone Agent technology.

Regal raises $40m to revolutionise customer experience with AI Phone Agents

Regal, a leading provider of AI-powered contact centre software, has successfully secured $40m in funding to accelerate the development and deployment of its innovative AI Phone Agent technology.
WTW, a leading global advisory, broking and solutions company, has launched a new product designed to address the long-standing challenges within the insurance industry, particularly the costly and infrequent analyses required for financial reporting.

WTW’s ResQ Machine-led Reserving technology promises efficiency for insurers and reinsurers

WTW, a leading global advisory, broking and solutions company, has launched a new product designed to address the long-standing challenges within the insurance industry, particularly the costly and infrequent analyses required for financial reporting.
QBE North America, a prominent provider of property and casualty insurance solutions, has announced the appointment of Matt Westhoff as president of its Commercial Insurance business.

QBE North America appoints Matt Westhoff as president of commercial insurance

QBE North America, a prominent provider of property and casualty insurance solutions, has announced the appointment of Matt Westhoff as president of its Commercial Insurance business.
Vienna Insurance Group (VIG), the largest insurance group in Central and Eastern Europe, has launched a new venture focused on assisting small and medium-sized enterprises (SMEs) in managing and mitigating cyber risks.

Vienna Insurance Group launches new offering to mitigate cyber risks

Vienna Insurance Group (VIG), the largest insurance group in Central and Eastern Europe, has launched a new venture focused on assisting small and medium-sized enterprises (SMEs) in managing and mitigating cyber risks.
Macquarie, a global financial services provider, has expanded its client offering with the launch of a rent-a-captive insurance solution for property and casualty-related risks.

Macquarie launches rent-a-captive insurance solution to enhance client offerings

Macquarie, a global financial services provider, has expanded its client offering with the launch of a rent-a-captive insurance solution for property and casualty-related risks.
Dundee-based Broker Insights, an InsurTech firm specialising in commercial insurance, has officially launched its Vision platform in the United States.

Dundee-based Broker Insights debuts Vision platform in the US

Dundee-based Broker Insights, an InsurTech firm specialising in commercial insurance, has officially launched its Vision platform in the United States.
Best Insurance, an InsurTech provider dedicated to simplifying the insurance process, has launched an AI-driven service enabling customers to purchase and manage insurance via WhatsApp.

Best Insurance introduces flexible insurance buying via WhatsApp

Best Insurance, an InsurTech provider dedicated to simplifying the insurance process, has launched an AI-driven service enabling customers to purchase and manage insurance via WhatsApp.
London-based HealthTech company, Semble has raised $15m in a Series B funding round led by Mercia Ventures. 

UK-based HealthTech firm Semble secures $15m from Mercia Ventures

London-based HealthTech company, Semble has raised $15m in a Series B funding round led by Mercia Ventures. 
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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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