FinTech News

Tractable to help Tokio Marine improve auto claims through new deal

Tractable will deploy its AI solution to help Japan’s property and casualty insurance firm Tokio Marine improve auto claims, through a new partnership.

MetaMorphoSys Technologies said to raise pre-Series A funding round

Indian InsurTech platform MetaMorphoSys Technologies has reportedly raised a pre-Series A funding round, which was led by Good Capital.

How Kidbrooke is revolutionising wealth management

Kidbrooke has already helped several of Sweden’s largest banks and insurers to automate some of their wealth management services, but this WealthTech startup is just getting started.

How the coronavirus is impacting the future of the claims industry

The coronavirus pandemic has exposed a lot of problems with the way we do business. However, one of the biggest takeaways from the incident is the consumer’s desire for claims to be digital and touchless, according to a recent Insurance Nexus by Reuters Events Webinar.

The FCA is looking to find legal clarity about business insurance coverage in terms...

COVID-19 has caused major business disruption around the world, but it’s unclear how much insurance policies cover in the case of a pandemic.

Bought By Many said to raise £78m in funding from a private equity firm

UK-based pet insurance platform Bought By Many has reportedly closed a £78m investment from private equity firm FTV Capital.

Covered by SAGE collects $6m in its seed round

InsurTech startup Covered by SAGE has collected $6m in its seed round, which was led by NFX.

LIBRA Insurance Partners teams up with Human API

Insurance marketing business LIBRA Insurance Partners has teamed up with Human API to simplify the purchase process for life insurance.

DealerPolicy partners with J.D. Power to offer personalised insurance

Auto insurance marketplace DealerPolicy has formed a partnership with J.D. Power to provide car buyers with personalised insurance quotes.

24 FinTech funding rounds from the last week you should know about

From Stash’s $113m round to Okra collecting $1m in new investment, the last week has seen a smattering of FinTech companies raise money.

News Stories

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...
PolicyStreet has secured $21m in the first close of its Series C round as the Malaysian InsurTech scales its embedded insurance platform across Asia.

Malaysian InsurTech PolicyStreet bags $21m

PolicyStreet has secured $21m in the first close of its Series C round as the Malaysian InsurTech scales its embedded insurance platform across Asia. The...
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