FinTech News

Volt Underwriting has officially launched as an approved coverholder, backed by Dale Underwriting Partners’ Lloyd’s Syndicate 1729, with support from MGA Accelerator DA Strategy.

Volt Underwriting launches with $25m capacity for energy sector risks

Volt Underwriting has officially launched as an approved coverholder, backed by Dale Underwriting Partners’ Lloyd’s Syndicate 1729, with support from MGA Accelerator DA Strategy.
COVU, a company specialising in AI-native services for insurance agencies, has successfully raised $12.5m in equity and debt financing as part of its first Series A funding round.

COVU raises $12.5m to advance AI-driven insurance platform

COVU, a company specialising in AI-native services for insurance agencies, has successfully raised $12.5m in equity and debt financing as part of its first Series A funding round.
Zurich Financial Services Australia, a leading provider of insurance solutions, has launched a new Total and Permanent Disability (TPD) product aimed at offering enhanced coverage for individuals requiring long-term care.

Zurich Australia bolsters its coverage with new TPD option

Zurich Financial Services Australia, a leading provider of insurance solutions, has launched a new Total and Permanent Disability (TPD) product aimed at offering enhanced coverage for individuals requiring long-term care.
EIS, a leading SaaS core platform provider for the US Group Benefits Market, has integrated AbsenceSoft, a market-leading absence management solution, into its cloud-native ecosystem.

EIS integrates AbsenceSoft to enhance claims management for group benefits insurers

EIS, a leading SaaS core platform provider for the US Group Benefits Market, has integrated AbsenceSoft, a market-leading absence management solution, into its cloud-native ecosystem.
The insurance industry has undergone a significant transformation over the past few years, largely driven by the hastening adoption of technology and vastly evolving consumer expectations. Among the key players in this evolution is Peak3, a leading provider of SaaS solutions tailored specifically for the insurance sector. With a strong commitment to innovation and a focus on digital transformation, Peak3 is redefining the landscape of insurance technology.

How Peak3 has scaled the InsurTech landscape

The insurance industry has undergone a significant transformation over the past few years, largely driven by the hastening adoption of technology and vastly evolving...
Intelligent AI and BCIS launch AI-driven platform to revolutionise property rebuild cost assessments

Intelligent AI and BCIS launch AI-driven platform to revolutionise property rebuild cost assessments

Intelligent AI, an InsurTech leader, has formed a strategic partnership with the Building Cost Information Service (BCIS), which boasts over six decades of expertise in compiling and analysing construction costs.
Duck Creek Technologies, an intelligent solutions provider reshaping the future of property and casualty (P&C) insurance, has acquired Risk Control Technologies (RCT), in a bid to revolutionise how insurance carriers manage risk and prevent loss.

Duck Creek Technologies expands capabilities with acquisition of Risk Control Technologies

Duck Creek Technologies, an intelligent solutions provider reshaping the future of property and casualty (P&C) insurance, has acquired Risk Control Technologies (RCT), in a bid to revolutionise how insurance carriers manage risk and prevent loss.
Akur8, the next-generation insurance pricing and reserving platform, has been selected by RSM to enhance its insurance pricing process.

Akur8 selected by RSM to bolster its insurance pricing process

Akur8, the next-generation insurance pricing and reserving platform, has been selected by RSM to enhance its insurance pricing process.
Amwins has partnered with Floodbase to create a new municipal flood insurance program aimed at addressing the growing financial risk posed by atmospheric river flooding to municipalities in California.

Amwins and Floodbase partner to launch parametric flood insurance for California municipalities

Amwins has partnered with Floodbase to create a new municipal flood insurance program aimed at addressing the growing financial risk posed by atmospheric river flooding to municipalities in California.
Cytora, a leading digital risk processing platform, has announced a partnership with Kroll, an independent global firm specialising in risk and financial advisory solutions.

Kroll and Cytora collaborate to streamline asset valuation in commercial insurance underwriting

Cytora, a leading digital risk processing platform, has announced a partnership with Kroll, an independent global firm specialising in risk and financial advisory solutions.
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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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