FinTech News

Markel, a global specialty insurer, has launched a cutting-edge cyber insurance policy designed to cater to FinTech firms.

Markel launches specialised cyber coverage for FinTechs

Markel, a global specialty insurer, has launched a cutting-edge cyber insurance policy designed to cater to FinTech firms.
OneAdvent, a specialist MGA services platform, has announced a new leadership appointment designed to support the company’s ongoing expansion within Europe.

OneAdvent announces leadership appointment to drive European expansion plans

OneAdvent, a specialist MGA services platform, has announced a new leadership appointment designed to support the company’s ongoing expansion within Europe.
WTW, a global advisory, broking, and solutions company, has announced a strategic partnership with Kayna, an award-winning insurance infrastructure platform.

WTW and Kayna partner to offer tailored insurance solutions to SMEs

WTW, a global advisory, broking, and solutions company, has announced a strategic partnership with Kayna, an award-winning insurance infrastructure platform.
Carbon Underwriting (Carbon), an independent managing general underwriter and manager of Lloyd’s syndicates, has announced the appointment of Julie Gallagher as its new head of syndicate management, effective immediately.

Carbon Underwriting appoints Julie Gallagher as head of syndicate management

Carbon Underwriting (Carbon), an independent managing general underwriter and manager of Lloyd’s syndicates, has announced the appointment of Julie Gallagher as its new head of syndicate management, effective immediately.
Peak3 secures largest Asian InsurTech deal H1 2024 as funding rounds halve

Singapore-based Peak3 secured the largest Asian InsurTech deal as funding rounds halved in H1

Key Asian InsurTech investment stats in H1 2024: Asian InsurTech deal activity halved in the first half of the year YoY India secured 30%...
Aspen, a global specialty insurer and reinsurer, has announced an expansion of its partnership with Coalition, a leading Active Insurance provider, through the launch of Coalition Re.

Aspen extends partnership with Coalition

Aspen, a global specialty insurer and reinsurer, has announced an expansion of its partnership with Coalition, a leading Active Insurance provider, through the launch of Coalition Re.
Zurich Insurance Company has announced a host of new leadership appointments within its Asia-Pacific (APAC) commercial insurance division.

Zurich Insurance strengthens APAC leadership team

Zurich Insurance Company has announced a host of new leadership appointments within its Asia-Pacific (APAC) commercial insurance division.
Sigo Seguros, a car insurance startup focused on underserved communities, has raised $10.5m in a Series A funding round.

Sigo Seguros bags $10.5m to expand car insurance offerings

Sigo Seguros, a car insurance startup focused on underserved communities, has raised $10.5m in a Series A funding round.
Automation and artificial intelligence (AI) are transforming industries worldwide, and the insurance sector is no exception. For insurance companies, efficiently handling claims and processing large volumes of customer inquiries is a crucial aspect of maintaining customer satisfaction and operational excellence. As the volume of claims increases, insurers are under pressure to find solutions that not only streamline workflows but also improve accuracy and reduce response times. This is where companies like Simplifai can make a difference. 

How Simplifai can step-up your insurance claims management

Automation and artificial intelligence (AI) are transforming industries worldwide, and the insurance sector is no exception. For insurance companies, efficiently handling claims and processing large volumes of customer inquiries is a crucial aspect of maintaining customer satisfaction and operational excellence. As the volume of claims increases, insurers are under pressure to find solutions that not only streamline workflows but also improve accuracy and reduce response times. This is where companies like Simplifai can make a difference. 
As the insurance industry rapidly modernises, actuaries are becoming integral to shaping and executing strategic growth plans. With a focus on enhancing risk management, leveraging advanced technologies like AI, and optimising decision-making processes, actuaries are driving innovation across the landscape. Their expertise is crucial in adapting to industry changes and achieving long-term business objectives, underscoring their pivotal role in the future of insurance strategy.

How actuaries shape insurance strategy

As the insurance industry rapidly modernises, actuaries are becoming integral to shaping and executing strategic growth plans. With a focus on enhancing risk management, leveraging advanced technologies like AI, and optimising decision-making processes, actuaries are driving innovation across the landscape. Their expertise is crucial in adapting to industry changes and achieving long-term business objectives, underscoring their pivotal role in the future of insurance strategy.

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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