FinTech News

Jerry

Jerry’s AI-powered revolution in car insurance accelerates with $110m raise

Jerry, a service known for its PriceProtect technology that helps car owners find optimal insurance rates, has doubled its offerings.
Mosaic

InsurTech firm Mosaic secures strategic growth investment

Specialty insurer, Mosaic Insurance, has secured strategic investment from two prominent US growth-capital providers. Although the exact amount of investment hasn't been disclosed, the agreement...

Tiger Brokers launches industry’s first AI chatbox 

Tiger Brokers has announced the launch an AI chatbox which has been deemed the first of its kind across the brokerage industry.
FinTech company Vesttoo has shockingly announced that it will be laying off 75% of its staff in wake of its fraud scandal. 

Vesttoo lay off 75% of staff and close multiple offices amid fraud scandal

FinTech company Vesttoo has shockingly announced that it will be laying off 75% of its staff in wake of its fraud scandal. 

Converge Insurance raises $15m from Forgepoint Capital

Converge Insurance, a leading managing general agent (MGA) specialising in cyber risk management and underwriting, announced its successful raising of $15m in Series A funding.
The importance of external and internal vulnerability scanning in cyber underwriting

The importance of external and internal vulnerability scanning in cyber underwriting

InsurTech company KYND recently released a report exploring whether external or internal vulnerability scanning is more useful to assess a company's cyber posture. 

Blitz Insurance collaborates with Ascend for payment and financing in InsurTech

Blitz Insurance, a specialty insurance carrier, and Ascend, a first-of-its-kind insurance payments platform, have announced a strategic partnership aimed at modernising payment experiences for insurance brokers in specialty markets.
QBE

QBE North America and Converge launch cyber insurance program

QBE North America has launched a new cyber insurance program with Converge, a new MGA that will act as program administrator. 
Pen

Pen Underwriting launches new UK division to drive growth

Pen Underwriting has recently announced changes to its divisional structure as it aims to continue its growth.  
WTW

WTW launches new tool to boost board-level climate skills

WTW has launched its latest tool aimed at promoting alignment between board members and management on climate action. 

News Stories

Gallagher, a global insurance brokerage and risk management firm, has launched Gallagher Blueprint, an AI-driven framework designed to help clients improve their risk profiles and build more cost-effective insurance programmes.

Gallagher launches AI Blueprint to improve insurance risk

Gallagher, a global insurance brokerage and risk management firm, has launched Gallagher Blueprint, an AI-driven framework designed to help clients improve their risk profiles...
K2 Insurance Services, a leading insurance solutions provider, has announced the acquisition of Oculus Underwriters, a specialist in bespoke property insurance solutions for the small to medium-sized commercial market.

K2 Insurance and Oculus partner to strengthen commercial offerings

K2 Insurance Services, a leading insurance solutions provider, has announced the acquisition of Oculus Underwriters, a specialist in bespoke property insurance solutions for the...
Markel, the insurance operations of Markel Group Inc., has appointed Raphael Da Costa to lead its U.S. cyber and technology errors & omissions (E&O) portfolio.

Markel strengthens cyber leadership with Raphael Da Costa

Markel, the insurance operations of Markel Group Inc., has appointed Raphael Da Costa to lead its U.S. cyber and technology errors & omissions (E&O)...
Kin Insurance, a US InsurTech focused on homeowners coverage in catastrophe-exposed regions, has secured $335m in its largest catastrophe bond transaction to date.

Kin Insurance lands $335m bond to bolster US storm protection

Kin Insurance, a US InsurTech focused on homeowners coverage in catastrophe-exposed regions, has secured $335m in its largest catastrophe bond transaction to date. The raise...
Allianz Commercial will transfer its standalone cyber insurance portfolio to Coalition as part of a long-term partnership to consolidate the global cyber insurance market. 

Allianz and Coalition form exclusive cyber insurance alliance

Allianz Commercial will transfer its standalone cyber insurance portfolio to Coalition as part of a long-term partnership to consolidate the global cyber insurance market.  The...
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