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

intellectAI Insurance’s month of listening exposes wholesale broking’s data gap

IntellectAI has used its Broker Appreciation Month (BAM) campaign, which ran throughout July, to surface the operational friction still holding back wholesale insurance distribution,...
What music can teach insurance actuaries

Actuaries and music: a mathematical connection

Actuaries and musicians may work in very different fields, but both rely on patterns, interpretation and judgement. At Akur8, several actuaries say their experience with...
Orange brings three insurance products to market simultaneously

Orange brings three insurance products to market simultaneously

Orange Insurance Exchange has gone live with three property insurance products simultaneously across Florida, moving onto Solstice Innovations' AI-native Equinox policy administration platform. The Florida...
Vero, Uber, Cover Genius unveil rideshare InsurTech

Vero, Uber, Cover Genius unveil rideshare InsurTech

Vero, the Suncorp-owned insurer, has partnered with Uber, the ride-hailing platform, and Cover Genius, an embedded insurance provider, to introduce what is being described...

NEOS and Marloo partner on AI-driven insurance pricing

NEOS, an Australian life insurance platform, and Marloo, an adviser productivity platform, have entered into a partnership that will embed NEOS pricing directly into...
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