InsurTech Majesco acquires Utilant to develop data and analytics business unit
Cloud insurance software solutions platform Majesco completed the acquisition of US-based SaaS company Utilant LLC in a bid to accelerate business innovation and enhance customer experience with new data and analytics business unit.
InsurTech100 company Akur8 closes $30m Series B to support international expansion
AI-powered insurance pricing solution Akur8 has closed its Series B on $30m to support its international expansion.
Handdii nets $3m through its first institutional investment
Handdii, which is looking to digitise and simplify the property claims experience, has closed its seed round on $3m.
Sapiens and Long Group join forces to help insurers meet ISO and NCCI complaince...
Sapiens partners with Long Group Consultants to augment reporting requirements for workers' compensation and property and casualty insurers.
Afterpay, Zip founders pour AU$15.5m in seed round for InsurTech Honey Insurance
Aussie InsurTech Honey Insurance secured AU$15.5m (about $11.9m) in seed funding, the largest seed round in Australian history for a technology company.
Betterfly closes $60m Series B hot off the heels of former round
Betterfly, an InsurTech startup, has closed its Series B on $60m, coming just six months after its former round.
Tractable enters billion-dollar club after $60m Series D investment led by Insight Partners and...
Tractable raised $60m in a late-stage funding round led by investors Insight Partners and Georgian, which values the AI startup at $1bn, making it the first British computer vision-oriented startup to do so, according to the company.
How transparent AI will help the adoption of the technology in insurance
As AI becomes more widely used across industries, insurance is lagging behind. Akur8 believes this could be down to the need for transparency.
Why greater efficiency will help insurance firms better handle cyber threats
Cyber risk is showing no signs of stopping and the reliance on cloud-based systems makes potential ripple effects vast. It is crucial for the global insurance industry to efficiently measure cyber risk.
What Nubank and Klarna’s colossal rounds from last week reveal about the FinTech industry
While Nubank’s massive Series G round and Klarna's $40bn valuation may have secured the most headlines last week, CyberTech and cryptocurrency ventures bagged the most capital injections.
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