FinTech News

Volkswagen Financial Services UK, the financial arm of the group, has appointed InsurTech firm Wrisk Transfer Limited as its preferred insurance provider for Volkswagen Commercial Vehicles.

VWFS UK selects Wrisk as preferred insurance partner for commercial vehicles

Volkswagen Financial Services UK, the financial arm of the group, has appointed InsurTech firm Wrisk Transfer Limited as its preferred insurance provider for Volkswagen...
Transamerica, a life insurer, has partnered with global reinsurer Swiss Re to modernise its claims experience.

Transamerica and Swiss Re collaborate on digital claims transformation

Transamerica, a life insurer, has partnered with global reinsurer Swiss Re to modernise its claims experience. The initiative will see Transamerica adopt Swiss Re’s PromiseXP...
Producer licensing is one of those parts of insurance that tends to stay in the background until it starts slowing everything else down. As carriers expand their agent networks, the process of onboarding producers, managing appointments, and maintaining compliance records often still depends on fragmented systems and manual intervention.

Fixing the producer bottleneck in insurance distribution

Producer licensing is one of those parts of insurance that tends to stay in the background until it starts slowing everything else down. As...
Simply Business, a digital insurance marketplace, has launched a business insurance app on ChatGPT in the US, alongside a separate rollout in the UK.

Simply Business brings small business insurance pricing into ChatGPT

Simply Business, a digital insurance marketplace, has launched a business insurance app on ChatGPT in the US, alongside a separate rollout in the UK. The...
Cytora, a digital risk processing platform, has announced a strategic relationship with LexisNexis Risk Solutions to embed advanced data and analytics into its platform for US commercial insurers.Cytora, a digital risk processing platform, has announced a strategic relationship with LexisNexis Risk Solutions to embed advanced data and analytics into its platform for US commercial insurers.

Cytora partners LexisNexis to enhance US commercial underwriting

Cytora, a digital risk processing platform, has announced a strategic relationship with LexisNexis Risk Solutions to embed advanced data and analytics into its platform...
INSTANDA, a no-code insurance platform provider, has partnered with DataCrest, a workflow solutions firm, to enhance submission intake and quoting efficiency for insurers and MGAs.

INSTANDA and DataCrest team up to streamline insurance submissions

INSTANDA, a no-code insurance platform provider, has partnered with DataCrest, a workflow solutions firm, to enhance submission intake and quoting efficiency for insurers and...
Openly, a tech-enabled homeowners insurance provider, has secured a growth investment round led by existing investors Eden Global Partners, Advance Venture Partners and Gradient, with strategic participation from Allianz X.

Openly boosts expansion plans with funding and Allianz Re deal

Openly, a tech-enabled homeowners insurance provider, has secured a growth investment round led by existing investors Eden Global Partners, Advance Venture Partners and Gradient,...

Why pension transition overviews fail to communicate

Dutch pension insurers are producing transition overviews that tick every legal box and still leave participants fundamentally confused about what is happening to their...
Beazley, a London-listed specialty insurer, said shareholders have approved Zurich Insurance’s £8.1bn all-cash takeover of the company.

Beazley investors back £8.1bn Zurich takeover deal

Beazley, a London-listed specialty insurer, said shareholders have approved Zurich Insurance’s £8.1bn all-cash takeover of the company. The deal was backed by 99.9% of votes...
Allianz UK and LV= have agreed a new multi-year partnership to continue distributing home, motor and pet insurance under the LV= brand.

Canopy Connect adds multi-option sharing path to intake platform

Canopy Connect has launched a new sharing path feature for its Insurance Intake Platform, designed to give insurance prospects more flexibility in how they...
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Over 80% of MGAs modernising pricing, Optalitix finds

Over 80% of MGAs modernising pricing, Optalitix finds

Optalitix, an underwriting and pricing InsurTech offering a low-code platform for insurers, reinsurers and MGAs, has released new research showing that managing general agents...
KwantSure tests embedded insurance in construction SaaS

KwantSure tests embedded insurance in construction SaaS

Willis, the WTW-owned broking business, and its embedded insurance infrastructure partne Kayna have teamed up with construction workforce platform Kwant to launch KwantSure, a...
Cover Genius secures $100m at $1.9bn valuation

Cover Genius secures $100m at $1.9bn valuation

Cover Genius, the global infrastructure provider for embedded protection, has completed a $100m capital raise that values the InsurTech at $1.9bn. The financing was backed...

Why manual placement is InsurTech’s costliest blind spot

Despite billions of dollars invested in commercial insurance digitisation over the past decade, the wholesale distribution pipeline remains a paradox, according to a new...

Malaysian InsurTech PolicyStreet lifts Series C to $26m

PolicyStreet, a Malaysian InsurTech group offering digital insurance solutions across Asia and Australia, has reportedly added a further $5m to its Series C round,...
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