FinTech News

Nexar secures $52m in funding and partners with Japanese insurer

Nexar, the dash cam system provider, has secured $52m in a funding round alongside a new partnership with Japanese insurance firm Mitsui Sumitomo Insurance.

The FCA offers guidance about what to expect from business interruption insurance during COVID-19

Businesses around the UK have been hurt due to the coronavirus, but finding out if their insurance covers the interruption isn’t always easy. Now, the Financial Conduct Authority (FCA) has set out to make the situation clearer.

LifeMiles to offer travel insurance through novae deal

Latin American airline loyalty programme LifeMiles is offering travel protection to customers through new partnership with novae.

SIMON Markets forms partnership with Raymond James to support digital annuities

SIMON Markets and Raymond James Financial have formed a partnership to help advisors improve their digital annuities processes.

Indonesian InsurTech Qoala said to net $13.5m in its Series A round

Indonesia-based InsurTech platform Qoala has reportedly netted $13.5m in its Series A round, which was led by Centauri Fund, a joint vehicle from Kookmin Bank and Telkom Indonesia.

Partech closes $100m fund to invest in startups shaping a post-coronavirus world

Having previously invested in several FInTech companies, Partech is now aiming to inject even more capital into promising ventures after closing its latest seed fund – Partech Entrepreneur III.

Hi Marley extends pilot with Plymouth Rock Assurance

InsurTech platform Hi Marley has expanded the pilot programme of its claims text messaging solution with Plymouth Rock Assurance.

InsurTech Getsafe is thriving thanks to COVID-19 and has just launched a new accident...

German startup Getsafe has made its first step towards launching a life insurance offering and reveals how the coronavirus has helped the InsurTech boost the number of policies sold.

25 FinTech deals from last week and what they tell you about the state...

The FinTech funding rounds over the past week show that the coronavirus continues to affect the sector and also provide an opportunity to look closer at India's industry.

Slice Labs launches cyber insurance for Lenovo customers

On-demand insurance platform Slice Labs is launching a cloud-based cyber insurance policy for small and medium-sized businesses using Lenovo computers.

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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