FinTech News

How Lami is democratising insurance in Africa

Kenyan InsurTech Lami has acquired Bluewave Insurance Agency, an InsurTech startup that leverages mobile technology to reach the underserved population, tapping into Africa’s insurance gap.

Demand for digital-first insurance policies climbs, Policygenius reports

A report by Policygenius has revealed that there has been significant growth in demand for no-medical life insurance policies that provide a digital experience.

INSHUR launches claim solution for UK customers

Mobile-based auto insurance platform INSHUR has launched an in-house, technology-led, claims solution for UK customers.

Beazley launches digital division

Specialist insurer Beazley has launched its digital trading division, Beazley Digital, to transform digital access for its global broking partners.

Staying relevant – how can the insurance industry adapt to the 21st century?

The insurance sector has changed quite a bit over the past years; however, it is currently undertaking its biggest ever transformation - the shift towards a fully personalised approach towards the consumers, and usage-based insurance (UBI) as a prominent example of that shift.

JBA launches flood model for more effective risk pricing

JBA Risk Management has launched a UK flood model to better inform flood risk management. The model has predicted that one in four UK properties are at risk of flooding.

Percayso gains funding to help insurers get more from their data

Insurance data intelligence provider Percayso Inform (Percayso) has raised £3.4m in a round led by Manchester-based venture capital investor Praetura Ventures.

Mercury launches UBI app

Mercury Insurance has launched a usage-based insurance app, MercuryGO, that it said could save customers up to 40% or more on auto insurance.

Five Sigma gives Boost a claims management lift

Boost Insurance has selected Five Sigma to build in its in-house claims operations with an agile, SaaS-based solution and scalable business model.

ICEYE lands $136m for NatCat solutions

ICEYE, an expert in natural catastrophe (NatCat) solutions, has closed a $136m Series D funding round.

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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