FinTech News

Kalepa’s AI copilot set to propel Bishop Street underwriters into future of InsurTech

Bishop Street Underwriters, owned by RedBird Capital Partners, collaborates with InsurTech pioneer Kalepa to leverage innovative AI technologies for enhancing underwriting decisions.
Akur8 and ICPEI partner to revolutionise insurance pricing in Canada

Akur8 and ICPEI partner to revolutionise insurance pricing in Canada

Akur8, a next-generation insurance pricing and reserving platform powered by Transparent AI, has partnered with the Insurance Company of Prince Edward Island (ICPEI), a leading provider of personal and business insurance across Canada.
Nayya, a leading benefits intelligence platform, has announced two key appointments to its executive team.

Nayya strengthens leadership team with two key appointments amid 500% growth in users

Nayya, a leading benefits intelligence platform, has announced two key appointments to its executive team.
mea platform is set to bolster AXIS Capital's operational efficiency by leveraging its advanced GenAI technology, as part of its renewed partnership.

mea platform strengthens AI collaboration with AXIS for streamlined insurance operations

mea platform is set to bolster AXIS Capital's operational efficiency by leveraging its advanced GenAI technology, as part of its renewed partnership.
InsurTech firm Optalitix is set to implement its advanced solutions to enhance operational efficiencies between Burns & Wilcox’s CRM and underwriting systems, as part of a partnership between the firms.

Burns & Wilcox UK teams up with Optalitix to streamline pricing models and optimise...

InsurTech firm Optalitix is set to implement its advanced solutions to enhance operational efficiencies between Burns & Wilcox’s CRM and underwriting systems, as part of a partnership between the firms.
Herald, a trailblazer in digital insurance infrastructure, has just secured $12m Series A funding round co-led by Lightspeed Venture Partners and Brewer Lane Ventures, with additional participation from Afore Capital and Underscore Venture Capital.

Herald secures $12m Series A funding to enhance insurance connectivity with AI

Herald, a trailblazer in digital insurance infrastructure, has just secured $12m Series A funding round co-led by Lightspeed Venture Partners and Brewer Lane Ventures, with additional participation from Afore Capital and Underscore Venture Capital.
INSHUR secures $19m led by Viola Growth to bolster US and global InsurTech operations

INSHUR secures $19m led by Viola Growth to bolster US and global InsurTech operations

INSHUR, the multi-award-winning embedded insurance provider for the on-demand economy, has recently closed a funding round securing $19m.
Embroker, a digital insurance company, has partnered with Everspan to further digitise and streamline the commercial insurance buying experience.

Embroker and Everspan partner to streamline the commercial insurance buying experience

Embroker, a digital insurance company, has partnered with Everspan to further digitise and streamline the commercial insurance buying experience. As part of the collaboration, Everspan...

Exploring the impact of AI on health outcomes with Tietoevry Care

Public and social care systems across many countries are currently strained, grappling with ageing populations and a parallel increase in the demand for health services. These challenges are compounded by stagnant public healthcare budgets and a shortage of skilled healthcare professionals.

Global insurers commit to climate action with robust transition strategies

A comprehensive survey by BlackRock has unveiled that an overwhelming 99% of insurers have embraced climate transition goals within their investment portfolios, highlighting a robust shift towards sustainability.

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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