FinTech News

Beazley joins forces with Cytora to automate risk

Beazley, a global specialist insurer, has partnered with InsurTech Cytora to automate risk processing and accelerate profitable growth.

Tesla takes on auto insurance market

Austin, Texas-based Tesla has rolled-out its real-time data insurance product in three more states: Colorado, Oregon and Virginia.

Transverse Insurance unveils InsurTech fund

Transverse Insurance Group, a property & casualty (P&C) carrier, has launched a venture capital fund, Transverse Ventures Fund I, that will focus on early-stage investments in insurance and InsurTech.

Surer addresses insurers pain points

Singapore-based InsurTech firm Surer has released an improved version of its platform to enhance its digital ecosystem.

Women in InsurTech: climbing the corporate ladder

What can businesses and advocates do to improve the diversity and inclusion ratio of women in insurance, particular in leadership roles? Novidea recently spoke to three successful women in the industry about their experiences climbing to the top.

Nigerian InsurTech ETAP pulls in $1.5m

Nigerian InsurTech startup ETAP, which aims to make it easier to buy car insurance and make claims, has raised $1.5m in pre-seed funding.

Ohio Mutual to deploy Pinpoint Predictive platform for insurers

Pinpoint Predictive, which provides “predictive power” to carriers and MGAs, has partnered with Ohio Mutual Insurance Group, to use applied data and analytics to more accurately predict and evaluate loss risk for the mutual insurer.

Loop collects $25m for Indian health insurance

Loop, an Indian healthcare and insurance startup has raised $25m in a Series B round co-led by General Catalyst and Elevation Capital.

Tractable and Mitchell to roll-out touches claims in North America

InsurTech Tractable has enhanced its collaboration with Mitchell, an Enlyte company and leading technology and information provider for the property and casualty (P&C) insurance and collision repair industries.

InsurTech SafetyWing inks $35m Series B

Insurance firm SafetyWing has secured $35m in a Series B funding round led by European growth investor Kinnevik.
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News Stories

Leak detection technology has long been a staple across commercial buildings, data centres and critical infrastructure, helping organisations identify water ingress before it causes costly disruption. Traditional systems, particularly those using leak detection cables, have offered a relatively simple monitoring solution. However, these systems typically rely on fixed alert thresholds, which often fail to reflect the variability of real-world environments. As a result, while detection capabilities exist, their reliability has frequently been called into question.

Why traditional leak detection systems falter in real environments

Leak detection technology has long been a staple across commercial buildings, data centres and critical infrastructure, helping organisations identify water ingress before it causes...
The first wave of the InsurTech revolution has delivered significant innovation, but it has also left critical structural gaps unresolved. Over the past decade, the sector has made notable progress in areas such as digital distribution, API connectivity, embedded insurance, and the modernisation of agency management systems. However, beneath these advancements lies a growing concern, according to Producerflow.

InsurTech’s data gap threatens AI ambitions

The first wave of the InsurTech revolution has delivered significant innovation, but it has also left critical structural gaps unresolved. Over the past decade,...
Liberty Mutual has partnered with life insurance technology company Ethos to expand its direct-to-consumer life insurance offering in the US.

Ethos and Liberty Mutual team up to deliver fully digital life insurance

Liberty Mutual has partnered with life insurance technology company Ethos to expand its direct-to-consumer life insurance offering in the US. The collaboration will see Liberty...
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...
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