FinTech News

Breach blazes trail in crypto InsurTech with new funding

Breach blazes trail in crypto InsurTech with new funding

Breach, an up-and-coming InsurTech enterprise dedicated to devising insurance technology and products for the burgeoning cryptocurrency market, is riding high on the wave of success following its latest developments.

Insurance giant Generali bolsters presence in Europe with $2.5bn Liberty Seguros acquisition

Liberty Mutual Insurance, a global provider of various insurance products and services, has confirmed a definitive agreement to sell its Madrid-headquartered personal lines and small commercial insurance business, Liberty Seguros, S.A., to Generali Group.

Climate risk startup Reask raises $6.55m to refine AI-driven weather modelling

Reask, an innovative company leveraging artificial intelligence (AI) to interpret and predict extreme global weather conditions, announced a successful investment funding total of $6.55m.
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Tech-savvy insurer Kin brings relief to catastrophe-prone Alabama

Kin, a direct-to-consumer home insurance company, announced its latest expansion into Alabama.

Bolstering growth: CAC Group supercharges financial capabilities through expanded syndicated loan

CAC Group, a comprehensive insurance brokerage enterprise incorporating CAC Specialty, Cobbs Allen, and Dorset Peak, has broadcast the successful enlargement of its syndicated loan facility, supported by Wintrust Financial Corporation, alongside contributions from Synovus and JPMorgan Chase.

MetLife and Lyra Health join forces for better workforce mental health solutions

MetLife, a key player in disability and absence management services, and Lyra Health, a top contender in the sphere of global workforce mental health solutions, are teaming up.

TransUnion and Truework embark on strategic partnership to optimise income verification

TransUnion, a global information and insights company, has unveiled a strategic partnership with Truework, a front-runner in the provision of verification of income and employment (VOIE) services in the US.

Revolutionising Dubai’s InsurTech landscape: Lloyd’s and Dubai’s Economy Department unite

British insurance powerhouse, Lloyd's, is aligning its strategic interests with the Department of Economy and Tourism in Dubai. Lloyd's, an eminent entity in the insurance world, boasts centuries of experience, innovation, and a trusted name in the industry.

Cloverleaf Analytics Bolsters CURE Auto Insurance’s Claims Process Efficiency

Citizens United Reciprocal Exchange (CURE) Auto Insurance, a not-for-profit insurer, is now operational on Cloverleaf Analytics' insurance intelligence platform. Headquartered in Princeton, N.J., CURE Auto...

F&M Bank turns to Insuritas’ BUNDLE for enhanced insurance solutions

Insuritas, a digital InsurTech firm renowned for its comprehensive insurance agency platform, BUNDLE, has announced a significant partnership with The Farmers & Merchants State Bank (F&M Bank), based in Archbold, Ohio.

News Stories

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...
InsurTech firm Corgi has reached unicorn status after raising $160m in Series B funding at a $1.3bn valuation.

Corgi hits unicorn status after $160m Series B

InsurTech firm Corgi has reached unicorn status after raising $160m in Series B funding at a $1.3bn valuation. The round brings Corgi’s total funding to...

Pit secures $16m led by Andreessen Horowitz

Pit, a Swedish AI startup developing custom enterprise software, has emerged from stealth with $16m in seed funding led by Andreessen Horowitz, as it...
Insurance has always depended on timing. Risk is captured at a specific moment, translated into a price, and expected to remain broadly stable until the next review. For much of the industry’s history, that assumption has held. Risk moved, but not so quickly that it escaped the frame of underwriting.

How real-time risk visibility is reshaping the insurance lifecycle

Insurance has always depended on timing. Risk is captured at a specific moment, translated into a price, and expected to remain broadly stable until...
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