FinTech News

Latin American InsurTech Olé Life, a fully digital life insurance platform, has raised $13m in a Series B funding round led by PayPal Ventures.

Latin American InsurTech Olé Life secures $13m Series B funding from PayPal Ventures

Latin American InsurTech Olé Life, a fully digital life insurance platform, has raised $13m in a Series B funding round led by PayPal Ventures.
GBSAPRI Group has made two acquisitions to extend its presence across Italy and enter the Swiss market.

GBSAPRI Group acquires Ernesto Solari Assicurazioni and Seabridge to expand in Italy and Switzerland

GBSAPRI Group has made two acquisitions to extend its presence across Italy and enter the Swiss market.
How Magic Submission streamlines submission management for insurers and MGAs

How Magic Submission streamlines submission management for insurers and MGAs

Managing insurance submissions is a challenging and time-consuming aspect of the underwriting process. IntellectAI has released a new whitepaper outlining how its Magic Submission...
Rainbow, a digitally-enabled managing general underwriter (MGU) specialising in small business insurance, has announced the close of an $8m Series A funding round.

Rainbow raises $8m to expand small business insurance offerings

Rainbow, a digitally-enabled managing general underwriter (MGU) specialising in small business insurance, has announced the close of an $8m Series A funding round.
Transamerica, a leading provider of life insurance, retirement, and financial protection solutions, has introduced a refreshed brand identity.

Transamerica unveils refreshed brand identity

Transamerica, a leading provider of life insurance, retirement, and financial protection solutions, has introduced a refreshed brand identity.
Mike Lloyd, the co-founder and former COO of Corvus Insurance, has launched Pine View Insurance Group, an independent agency specialising in high-net-worth insurance solutions.

Mike Lloyd launches Pine View Insurance Group to transform luxury insurance market

Mike Lloyd, the co-founder and former COO of Corvus Insurance, has launched Pine View Insurance Group, an independent agency specialising in high-net-worth insurance solutions.
Tractive, a leading provider of GPS and health trackers for pets, has partnered with Lassie, an innovative pet insurance provider known for its comprehensive mobile app.

Tractive teams up with Lassie to merge GPS tracking and pet insurance

Tractive, a leading provider of GPS and health trackers for pets, has partnered with Lassie, an innovative pet insurance provider known for its comprehensive...
How generative AI is transforming wholesale insurance distribution

How generative AI is transforming wholesale insurance distribution

Generative AI is revolutionising the insurance sector, particularly for wholesalers, by addressing critical challenges like reduced capacity, increased competition, and the demand for value demonstration.
Carbon Underwriting Limited, an independent managing general underwriter and Lloyd’s syndicate, has announced the appointment of Alex Poracchia as its new chief financial officer (CFO), effective immediately.

Carbon Underwriting appoints Alex Poracchia as CFO to drive next phase of growth

Carbon Underwriting Limited, an independent managing general underwriter and Lloyd’s syndicate, has announced the appointment of Alex Poracchia as its new chief financial officer (CFO), effective immediately.
Bikmo, a specialist cycle insurer, has partnered with premium bike brands Santa Cruz and Cervélo to offer new owners enhanced insurance and superior aftersales support.

Bikmo partners with Santa Cruz and Cervélo to offer premium cycle insurance

Bikmo, a specialist cycle insurer, has partnered with premium bike brands Santa Cruz and Cervélo to offer new owners enhanced insurance and superior aftersales...

News Stories

EQT agrees $2bn deal for McGill and Partners

EQT agrees $2bn deal for McGill and Partners

McGill and Partners, a technology-enabled specialty (re)insurance broker, has agreed to be acquired by EQT in a deal valuing the business at $2bn. The transaction...
Can actuaries trust AI models?

Can actuaries trust AI models?

InsurTech firm Akur8 is taking a controlled approach to AI adoption in insurance: if using AI for actuarial work is possible and even necessary...
Capricorn Mutual completes Duck Creek platform go-live

Capricorn Mutual completes Duck Creek platform go-live

Aggne, a Wipro company and insurance technology services provider, has confirmed the successful go-live of Capricorn Mutual, the member-owned risk protection organisation, on Duck...
Why rating engines are becoming insurers' decision hub

Why rating engines are becoming insurers’ decision hub

Pricing technology is moving beyond its traditional home in actuarial and underwriting teams. Rating engines are increasingly being used by marketing, innovation and product...
AML

Why underwriting data holds the key to spotting AML risk

Insurance houses across South Africa are pouring money into anti-financial crime tools, yet heavy spending alone is not solving the problem. Effectiveness, particularly at...
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