FinTech News

UK InsurTech startup Coverly shuts down

InsurTech platform Coverly is closing up shop and is no longer offering small business insurance.

InsurTech solution developer Insurity acquires Virtual MGA

Cloud-based core system Insurity has acquired Texas-based Virtual MGA, an authority underwriting and distribution solution.

Miss these 27 funding rounds at your own peril

From stocktrading to teenage finances, last week's funding rounds provide plenty of things to consider for the future of the industry.

Cryptoasset insurance platform Evertas said to raise $2.8m in its seed round

Cryptoasset insurance startup Evertas has reportedly raised $2.8m in its seed funding round.

UK InsurTech Brolly has been acquired by Direct Line Group and will be shutting...

Having kicked off its journey four years ago, UK-based InsurTech startup Brolly is now closing its books after being acquired by Direct Line Group.

iptiQ forms deal with UBS to help mortgage customers get better protection

White-labelling digital insurance platform iptiQ has teamed up with UBS to launch integrated bancassurance solutions for mortgage customers.

Just Auto to protect Smartcar drivers in Arizona

Just Auto Insurance, which recently closed a $5.7m funding round, has formed a partnership with car manufacturer Smartcar.

Global InsurTech deal activity increased year-on-year in H1 2020 as India saw resurgence

Companies in India more than doubled their share of global deal activity in less than two years.

How will the coronavirus impact funding into InsurTech during and post the pandemic?

When major FinTech companies like Monzo suffer a down round, it can causes a cloud of fear over the market, but there will still be a need for digital financial and insurance solutions post-pandemic.

Berxi to supply insurance through GreenLight Workforce

Berxi, a division of Berkshire Specialty Insurance, is supplying independent professionals access liability insurance products through GreenLight Workforce Solutions.

News Stories

How Dutch insurers can govern Wtp without rebuilding systems

How Dutch insurers can govern Wtp without rebuilding systems

The most significant reform to the Dutch pension system in recent memory — the Wet toekomst pensioenen (Wtp) — has entered its decisive phase....
In Quentin Tarantino’s 1994 cult classic Pulp Fiction, when a situation deteriorates beyond control, everyone knows you call The Wolf. Arriving without the slightest hint of panic, he surveys the damage with practised calm and begins issuing instructions. Within minutes, chaos has been reduced to a sequence of manageable decisions. Insurance has long relied on people capable of performing a similar role. Actuaries are the professionals insurers turn to when risk becomes too complex for instinct alone.

The evolving role of actuaries in the age of AI

In Quentin Tarantino’s 1994 cult classic Pulp Fiction, when a situation deteriorates beyond control, everyone knows you call The Wolf. Arriving without the slightest...
Akur8, the AI-driven actuarial platform, has been selected by Occident, one of Spain’s leading insurance groups, to enhance pricing capabilities across its non-life business lines.

Akur8 partners with Occident on AI-driven pricing transformation

Akur8, the AI-driven actuarial platform, has been selected by Occident, one of Spain’s leading insurance groups, to enhance pricing capabilities across its non-life business...
Pan-American Life Insurance Group (PALIG) has launched an online claims submission portal for life insurance beneficiaries as part of its digital transformation strategy.

PALIG launches life claims portal in partnership with Swiss Re

Pan-American Life Insurance Group (PALIG) has launched an online claims submission portal for life insurance beneficiaries as part of its digital transformation strategy. Developed in...
AI underwriting platform Kalepa has appointed Audrey Howell as Head of Product to lead product strategy and innovation across its insurance technology platform.

Kalepa hires former Palantir leader as product chief

AI underwriting platform Kalepa has appointed Audrey Howell as Head of Product to lead product strategy and innovation across its insurance technology platform. In the...
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