Mylo partners with Fayr: Revolutionising insurance access for divorced parents
Mylo, a leader in the InsurTech industry, and Fayr, an innovative mobile application aiding divorced parents, have formed a strategic partnership.
Why the CrowdStrike outage highlights a need for modern insurance management systems
On July 19, 2024, cybersecurity giant CrowdStrike issued a routine software update. However, this time things went terribly wrong. The update, which was meant to enhance security, ended up causing major disruptions across industries worldwide. The faulty software quickly wreaked havoc on IT systems reliant on Microsoft's operating system, with insurance firm Parametrix estimating $5.4bn in damages were done to Fortune 500 companies alone. Jeff Heine, Chief Revenue Officer of Novidea delved into why this calamity underscores the need for modern, sophisticated insurance management systems.
Optalitix secures $3m funding to drive insurance software innovation
Optalitix, a specialist in insurance and finance software, has raised $3m in a follow-on fundraising round led by its existing investor, Calculus Capital.
Trupanion launches signature medical insurance product in Germany and Switzerland
Trupanion, Inc., a leading global provider of medical insurance for cats and dogs, has announced the official launch of its high-quality pet insurance product in Germany and Switzerland.
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 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 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 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.
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 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.
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