FinTech News

Key trends in the insurance market for 2022

FinTech Global recently conducted an interview with data and analytics software firm, Quantexa to discuss key insurance market themes from this year and what the industry should look out for in 2022.

Hub and Bold Penguin to acquire Insureon Holdings for insurance innovation

Global insurance brokerage and financial services firm Hub International and InsurTech Bold Penguin is to acquire Insureon Holdings.

Aon in Tyche take-over for re-insurance

Aon, a global professional services firm, has acquired actuarial software platform Tyche from technology and software firm RPC Tyche.

Reinvention, decacorns, gender equality – all eyes are on InsurTech

As the industry undergoes a third wave of transformation, investors are following the InsurTech space closely. “InsurTech Queen” Sabine VanderLinden provides her insight to FinTech Global on reinvention, decacorns, and gender imbalances in the industry.

Kin lands Series D for modern home insurance

Kin Insurance, a direct-to-consumer home insurance company, has raised $82m in Series D funding.

Automated underwriter Pendella Technologies nabs Series Seed-2

Pendella Technologies, which helps firms automate underwriting, has collected Series Seed-2 funding round.

InsurTech startup Counterpart scores $30m in its Series B

Counterpart, which stylises itself as the management liability InsurTech, has scored $30m in its Series B funding round.

Howden responds to increasing wildfire risks

International insurance broker Howden has launched a Wildfire Excess Liability Lineslip (WELL) in response to the increasing need for insurance cover for contractors and subcontractors operating in wildfire-prone areas in the US, such as California, Washington, Oregon and Arizona.

Otonomo acquires The Floow for data-driven insurance

Otonomo Technologies, a mobile intelligence company, has entered into a definitive agreement to acquire connected insurance technology provider The Floow.

MAPFRE issues call to InsurTechs

MAPFRE has launched a fast-track-to-market programme to attract initiatives from around the world that want to grow in the insurance market.

News Stories

Producer licensing is one of those parts of insurance that tends to stay in the background until it starts slowing everything else down. As carriers expand their agent networks, the process of onboarding producers, managing appointments, and maintaining compliance records often still depends on fragmented systems and manual intervention.

Fixing the producer bottleneck in insurance distribution

Producer licensing is one of those parts of insurance that tends to stay in the background until it starts slowing everything else down. As...
Simply Business, a digital insurance marketplace, has launched a business insurance app on ChatGPT in the US, alongside a separate rollout in the UK.

Simply Business brings small business insurance pricing into ChatGPT

Simply Business, a digital insurance marketplace, has launched a business insurance app on ChatGPT in the US, alongside a separate rollout in the UK. The...
Cytora, a digital risk processing platform, has announced a strategic relationship with LexisNexis Risk Solutions to embed advanced data and analytics into its platform for US commercial insurers.Cytora, a digital risk processing platform, has announced a strategic relationship with LexisNexis Risk Solutions to embed advanced data and analytics into its platform for US commercial insurers.

Cytora partners LexisNexis to enhance US commercial underwriting

Cytora, a digital risk processing platform, has announced a strategic relationship with LexisNexis Risk Solutions to embed advanced data and analytics into its platform...
INSTANDA, a no-code insurance platform provider, has partnered with DataCrest, a workflow solutions firm, to enhance submission intake and quoting efficiency for insurers and MGAs.

INSTANDA and DataCrest team up to streamline insurance submissions

INSTANDA, a no-code insurance platform provider, has partnered with DataCrest, a workflow solutions firm, to enhance submission intake and quoting efficiency for insurers and...
Openly, a tech-enabled homeowners insurance provider, has secured a growth investment round led by existing investors Eden Global Partners, Advance Venture Partners and Gradient, with strategic participation from Allianz X.

Openly boosts expansion plans with funding and Allianz Re deal

Openly, a tech-enabled homeowners insurance provider, has secured a growth investment round led by existing investors Eden Global Partners, Advance Venture Partners and Gradient,...
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