FinTech News

Faye secures $31m in Series B funding to elevate travel insurance technology

Faye secures $31m in Series B funding to elevate travel insurance technology

Faye, the trailblazing travel platform, has successfully secured $31m in Series B funding, escalating its total capital to $49m.
New research from NTT DATA UK&I has unveiled that 82% of UK consumers have not noticed a change in their interactions with insurance providers since the Consumer Duty Act was implemented in July 2023.

UK insurance firms struggle to meet Consumer Duty Act expectations

New research from NTT DATA UK&I has unveiled that 82% of UK consumers have not noticed a change in their interactions with insurance providers since the Consumer Duty Act was implemented in July 2023.
SiriusPoint and Hellenic Hull Management (HMA), a marine hull and machinery underwriter in Greece and Cyprus, have announced a strategic partnership.

SiriusPoint and Hellenic Hull Management join forces to expand marine insurance offerings

SiriusPoint and Hellenic Hull Management (HMA), a marine hull and machinery underwriter in Greece and Cyprus, have announced a strategic partnership.
NTT DATA UK&I, a leading IT services provider and consultancy for the insurance industry, has announced a new partnership with iPipeline, a renowned provider of comprehensive digital solutions for life insurance, pensions, savings, and investments in the UK.

NTT Data and iPipeline partner to drive insurance innovation

NTT DATA UK&I, a leading IT services provider and consultancy for the insurance industry, has announced a new partnership with iPipeline, a renowned provider of comprehensive digital solutions for life insurance, pensions, savings, and investments in the UK.
Philippines' Hive Health boosts SME health access with $6.5m funding

Philippines’ Hive Health boosts SME health access with $6.5m funding

Hive Health, a pioneering digital health insurer based in the Philippines, has completed a $6.5m Pre-Series A funding round, supported by an impressive consortium of global and local investors.
In today’s fast-paced digital era, where technology is constantly evolving, companies face the challenge of effectively engaging with their customers. Traditional methods of customer engagement, such as in-person interactions or phone calls, are no longer sufficient in meeting the expectations of modern consumers. Instead, companies must leverage digital platforms to connect with their audience in meaningful ways.

How digital innovation is transforming customer interaction in insurance and banking

In today’s fast-paced digital era, where technology is constantly evolving, companies face the challenge of effectively engaging with their customers. Traditional methods of customer engagement, such as in-person interactions or phone calls, are no longer sufficient in meeting the expectations of modern consumers. Instead, companies must leverage digital platforms to connect with their audience in meaningful ways.
AXA IM Alts, a global leader in alternative investments, has announced a lead investment of $14m as part of a $26m financing round into Novocuff, a women’s health medical device company dedicated to improving pregnancy outcomes and reducing preterm births.

Novocuff secures $26m funding round led by AXA IM Alts

AXA IM Alts, a global leader in alternative investments, has announced a lead investment of $14m as part of a $26m financing round into Novocuff, a women’s health medical device company dedicated to improving pregnancy outcomes and reducing preterm births.
The Institute and Faculty of Actuaries (IFoA), and the Chartered Institute for Securities & Investment (CISI) have formed a partnership aimed at supporting actuaries in enhancing their understanding of ethical issues when deploying artificial intelligence (AI).

IFoA and CISI join forces to boost ethical AI understanding for actuaries

The Institute and Faculty of Actuaries (IFoA), and the Chartered Institute for Securities & Investment (CISI) have formed a partnership aimed at supporting actuaries in enhancing their understanding of ethical issues when deploying artificial intelligence (AI).
Aspen, a global provider of insurance and reinsurance services, has announced the appointment of Tony Bishop as chief data & analytics officer, effective immediately.

Aspen appoints Tony Bishop as chief data & analytics officer

Aspen, a global provider of insurance and reinsurance services, has announced the appointment of Tony Bishop as chief data & analytics officer, effective immediately. In...
Cowbell, a leading provider of cyber insurance for small and medium-sized enterprises (SMEs), has announced the closure of a $60m Series C equity investment round.

Cyber insurance leader Cowbell secures $60m Series C investment from Zurich

Cowbell, a leading provider of cyber insurance for small and medium-sized enterprises (SMEs), has announced a successful closure of a $60m Series C equity investment round.

News Stories

Coalition, the world’s first Active Insurance provider focused on mitigating digital risks, has announced the appointment of Tine Simonsen as its new head of insurance for continental Europe.

Coalition appoints Tine Simonsen as head of insurance for continental Europe

Coalition, the world’s first Active Insurance provider focused on mitigating digital risks, has announced the appointment of Tine Simonsen as its new head of insurance for continental Europe.
Whatfix, a global leader in digital adoption platforms (DAPs), has secured $125m in its Series E funding round, as it looks to expand its product suite. 

Whatfix lands $125m Series E investment led by Warburg Pincus

Whatfix, a global leader in digital adoption platforms (DAPs), has secured $125m in its Series E funding round, as it looks to expand its product suite. 
Cytora, a leading digital risk processing platform, has formed a strategic partnership with PriceHubble to enhance the risk assessment capabilities of insurers.

Cytora and PriceHubble partner to enhance property risk evaluation for insurers

Cytora, a leading digital risk processing platform, has formed a strategic partnership with PriceHubble to enhance the risk assessment capabilities of insurers.
Hippo, a home insurance group focused on proactive home protection, has announced the expansion of its New Homes Program to home builders in California, Florida, and Texas.

Hippo expands homebuilder access to New Homes Program in key states

Hippo, a home insurance group focused on proactive home protection, has announced the expansion of its New Homes Program to home builders in California, Florida, and Texas.
TreviPay, a leading B2B payments and invoicing network, has announced a strategic partnership with Allianz Trade, a global leader in trade credit insurance.

Allianz Trade integrates trade credit insurance into TreviPay’s invoicing solutions

TreviPay, a leading B2B payments and invoicing network, has announced a strategic partnership with Allianz Trade, a global leader in trade credit insurance.

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