FinTech News

tech-for-good-closing-insurance-gaps

Tech for Good: closing insurance protection gaps

Insurance protection gaps exist on a global scale, senior insurance executives discuss what the industry can do to improve this and enact a positive social impact.
cloud-native-insurance-platform-novidea-bags-$50m-series-C

Cloud-native insurance platform Novidea bags $50m Series C

Cloud-native insurance platform Novidea has raised $50m in a Series C funding round led by Battery Ventures.
how-insurers-can-successfully-extract-data-from-emails-using-AI

How insurers can successfully extract data from emails using AI

Extracting accurate data from emails can be a challenging task for insurance companies, even with the help of AI. Ushur advocates for what it calls an “ontology-based” approach alongside the use of AI.

dacadoo and Albertsons partner up to revolutionise digital health and wellness

HealthTech and InsurTech leader, dacadoo, has joined hands with the prominent food and drug retailer, Albertsons Companies, to power their Sincerely Health platform.
The battle of tech in insurance - the metaverse, Gen AI and quantum computing

The battle of tech in insurance – the metaverse, Gen AI and quantum computing

Generative AI, the metaverse and quantum computing are three of the most exciting emerging technologies currently in the market. Rather than being left behind by competition, insurance leaders urge companies to experiment with the technology to explore how they can make the most of it.
CLARA-Analytics-launches-AI-platform-general-liability-claims

CLARA Analytics launches AI platform for general liability claims

CLARA Analytics, a provider of artificial technology (AI) for casualty insurance claims optimisation, has launched an AI platform for general liability claims.
openly-joins-forces-with-trellis-to-simplify-personal-lines-insurance

Openly joins forces with Trellis to simplify personal lines insurance

Openly, a homeowners insurance provider, has partnered with Trellis, a technology company simplifying distribution of personal lines of insurance.
sky-and-zurich-insurance-launch-smart-home-protection-IoT-service

Sky and Zurich launch smart home protection IoT service

Sky and Zurich Insurance have launched a smart home protection IoT service offering customer comprehensive home insurance and smart home tech.
NFU-mutual-selects-FRISS-to-automate-and-streamline-trust

NFU Mutual selects FRISS to automate and streamline trust

NFU Mutual, an insurer in the UK, has selected FRISS to automate trust throughout its policy and claim lifecycle. FRISS is an AI-powered fraud, risk...
broker-tech-ventures-and-manchesterstory-group-launch-$34m-fund-for-early-stage-insurtechs

BrokerTech Ventures and ManchesterStory launches $34m fund for early-stage InsurTechs

BrokerTech Ventures (BTV) has partnered with leading InsurTech venture capital investor ManchesterStory Group to launch the BrokerTech Fund, LP, a venture capital fund focused on early-stage InsurTech companies developing broker-centric technology solutions.

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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