FinTech News

Sun Life Global Solutions, a global capability centre specialising in advanced technology solutions for the insurance sector, has announced a strategic partnership with the Indian Institute of Technology (IIT) Indore.

Sun Life Global Solutions partners with IIT Indore to advance AI-driven insurance innovation

Sun Life Global Solutions, a global capability centre specialising in advanced technology solutions for the insurance sector, has announced a strategic partnership with the Indian Institute of Technology (IIT) Indore.
The insurance industry is undergoing a significant transformation, driven by the need to balance profitability with expanding distribution channels. Carriers, brokers, MGAs, and the broader insurance ecosystem are navigating this shift by adopting innovative strategies and adapting to new market realities. At the heart of this change is insurance distribution. Jeff Heine, CRO at Novidea, opened up on what the future may hold in this area.

Navigating the future of insurance distribution and innovation

The insurance industry is undergoing a significant transformation, driven by the need to balance profitability with expanding distribution channels. Carriers, brokers, MGAs, and the broader insurance ecosystem are navigating this shift by adopting innovative strategies and adapting to new market realities. At the heart of this change is insurance distribution. Jeff Heine, CRO at Novidea, opened up on what the future may hold in this area.
Aviva, a leading InsurTech provider specialising in life insurance and health-related products, is set to distribute its protection insurance products through NatWest Group, as part of a a five-year partnership with the firm.

Aviva and NatWest Group forge five-year partnership for protection insurance products

Aviva, a leading InsurTech provider specialising in life insurance and health-related products, is set to distribute its protection insurance products through NatWest Group, as part of a a five-year partnership with the firm.
blip, a leading provider of small business insurance, has introduced its Professional Indemnity Insurance, further expanding its range of specialised coverage for entrepreneurs and professionals.

blip expands small business insurance portfolio

blip, a leading provider of small business insurance, has introduced its Professional Indemnity Insurance, further expanding its range of specialised coverage for entrepreneurs and professionals.
Federato, an InsurTech startup specialising in AI-driven underwriting solutions, has announced the close of a $40m Series C funding round.

AI-driven InsurTech Federato secures $40m Series C funding round

Federato, an InsurTech startup specialising in AI-driven underwriting solutions, has announced the close of a $40m Series C funding round. The round was led by...
Arthur J. Gallagher expands US presence with Shepard Insurance Group acquisition

Arthur J. Gallagher expands US presence with Shepard Insurance Group acquisition

The acquisition strengthens Gallagher’s position in the high-net-worth insurance market, building on Shepard Insurance Group’s strong regional presence and expertise.
Previsico, a specialist in surface water flood forecasting, has partnered with Esri UK to help UK businesses and organisations mitigate future flood impacts and losses.

Previsico partners with Esri UK to revolutionise flood forecasting

Previsico, a specialist in surface water flood forecasting, has partnered with Esri UK to help UK businesses and organisations mitigate future flood impacts and...
B.P. Marsh & Partners, a specialist private equity investor in early-stage financial services firms, has made a $12.6m investment in XPT Group, a leading US-based insurance distribution platform.

B.P. Marsh invests $12.6m in XPT Group to drive insurance market expansion

B.P. Marsh & Partners, a specialist private equity investor in early-stage financial services firms, has made a $12.6m investment in XPT Group, a leading US-based insurance distribution platform.
McGill and Partners, an independent global specialty insurance and reinsurance broker, has launched a new trade disruption insurance facility in collaboration with Tokio Marine Kiln (TMK) and Convex.

McGill and Partners partners with Tokio Marine Kiln and Convex to launch $95m trade...

McGill and Partners, an independent global specialty insurance and reinsurance broker, has launched a new trade disruption insurance facility in collaboration with Tokio Marine Kiln (TMK) and Convex.
Sony Financial Group, a major player in the property and casualty (P&C) and life insurance markets, has announced the acquisition of Japanese InsurTech startup JustInCase. 

Sony Financial Group acquires Japanese InsurTech startup JustInCase

Sony Financial Group, a major player in the property and casualty (P&C) and life insurance markets, has announced the acquisition of Japanese InsurTech startup JustInCase. 

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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