FinTech News

Diesta, an InsurTech startup focused on transforming insurance payment processes, has raised $3.8m in a seed funding round led by FinTech Collective. 

Diesta closes $3.8m seed round to transform B2B insurance payments

Diesta, an InsurTech startup focused on transforming insurance payment processes, has raised $3.8m in a seed funding round led by FinTech Collective. 
ClaimSorted, a company focused on simplifying claims processing for insurers, has secured $3m in pre-seed funding.

ClaimSorted raises $3m to revolutionise claims processing with AI-powered platform

ClaimSorted, a company focused on simplifying claims processing for insurers, has secured $3m in pre-seed funding.
Clearwater Analytics, a leading provider of SaaS-based investment management, accounting, reporting, and analytics solutions, has announced the expansion of its EMEA leadership team with three key appointments.

Clearwater Analytics expands EMEA leadership team with three new appointments

Clearwater Analytics, a leading provider of SaaS-based investment management, accounting, reporting, and analytics solutions, has announced the expansion of its EMEA leadership team with three key appointments.
Toyota Insurance Management Solutions (TIMS) has partnered with Lemonade to to integrate home and renters insurance alongside Toyota's auto policies, in a bid to bolster its overall services.

Toyota Insurance Management Solutions partners with Lemonade to expand insurance offerings

Toyota Insurance Management Solutions (TIMS) has partnered with Lemonade to to integrate home and renters insurance alongside Toyota's auto policies, in a bid to bolster its overall services.
One Inc, the leading payments network for the insurance industry, has expanded its collaboration with J.P. Morgan Payments to deliver a comprehensive, unified payment experience for Property & Casualty insurance clients.

One Inc and J.P. Morgan Payments to deliver unified digital payment solutions for P&C...

One Inc, the leading payments network for the insurance industry, has expanded its collaboration with J.P. Morgan Payments to deliver a comprehensive, unified payment experience for Property & Casualty insurance clients.
Stoïk secures $27m in Series B to bolster cyber insurance for European SMEs

Stoïk secures $27m in Series B to bolster cyber insurance for European SMEs

Stoïk, a French InsurTech startup, recently secured Series B funding of €25m ($27m).
Sprout.ai, an intelligent claims automation platform for the insurance industry, has appointed Ian Thompson, former Group Chief Claims Officer at Zurich, as the first member of its newly created growth advisory board.

Ex-Zurich CCO Ian Thompson joins Sprout.ai’s growth advisory board

Sprout.ai, an intelligent claims automation platform for the insurance industry, has appointed Ian Thompson, former Group Chief Claims Officer at Zurich, as the first member of its newly created growth advisory board.
Gradient AI, a prominent enterprise software provider, has partnered with Michigan Planners, a full-service insurance agency, to provide more accurate risk assessments and better-customised health plans.

Michigan Planners enhances health plans with Gradient AI’s SAIL underwriting platform

Gradient AI, a prominent enterprise software provider, has partnered with Michigan Planners, a full-service insurance agency, to provide more accurate risk assessments and better-customised health plans.
hyperexponential, a global pricing platform provider for re/insurers, has introduced its first templated reinsurance pricing model, designed for treaty reinsurance, including Excess of Loss (XoL) agreements.

hyperexponential introduces innovative reinsurance pricing model

hyperexponential, a global pricing platform provider for re/insurers, has introduced its first templated reinsurance pricing model, designed for treaty reinsurance, including Excess of Loss (XoL) agreements.
UK InsurTech funding struggles in H1 2024 as investors turn conservative

London based Hyperexponential lead the pack for the biggest UK InsurTech deal in H1

Key UK InsurTech investment stats in H1 2024: UK InsurTech deal activity dropped by 32% in H1 2024 YoY The average deal size completed...

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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