FinTech News

Insurance firms should use AI to improve existing models gradually rather than replace everything...

AI technology is best at work when it’s improving existing processes rather than trying to totally transform the entire business model, according to a panel at the Global InsurTech Summit 2019.

PolicyStreet receives approval from Bank Negara Malaysia to offer financial advice

Malaysian InsurTech startup PolicyStreet has reportedly acquired financial advisor approval from the Bank Negara Malaysia (BNM). With this certificate, the company will be able to...

Prudential Financial acquires Assurance in deal worth $2.35bn

Prudential Financial has agreed to health and financial wellness solution Assurance in a deal worth $2.35bn.

Getsafe closes Series A on $17m, already eyeing next funding round

Germany-based InsurTech platform Getsafe has closed its Series A funding round on $17m, with plans to raise more funds this year.

Octo Telematics partners with SAS to improve insurance insights

Data analytics solution for auto insurance Octo Telematics has partnered with fellow analytics solution SAS to improve property and casualty (P&C) insurance carriers’ capabilities.

MetLife looks to partner with 16 startups through new event

MetLife is hosting its firth ‘ignition’ summit where it will explore potential partnerships with 16 startups.

Avinew acquires safe driving analytics platform Betterdrive

Autonomous and semi-autonomous vehicle insurance company Avinew has acquired fellow auto insurance company Betterdrive.

InsurTech startup Westhill closes Series A round from Eos

Westhill, a digital solution provider for the property and casualty insurance space, has closed its Series A round on an undisclosed amount.

Avail Finance said to close $9m Series A

India-based employee financial health app Avail Finance has reportedly raised $9m in its Series A round. Matrix Partners India, an early-stage investment firm, led the...

CoverWallet extends deal with Aon to serve clients in Australia

InsurTech 100 company CoverWallet has extended a commercial agreement with Aon to service clients in Australia.
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News Stories

Wellness programmes have become an increasingly common feature in life insurance offerings. Many insurers launch digital health initiatives with strong internal support and early customer interest. Yet maintaining engagement over time remains a persistent challenge.

Why life insurers struggle to sustain wellness programme engagement

Wellness programmes have become an increasingly common feature in life insurance offerings. Many insurers launch digital health initiatives with strong internal support and early...
INSTANDA has launched INSTANDA MAX, a new ‘underwriter-first’ capability designed to help commercial and non-admitted insurers underwrite tens of thousands of complex assets within a single policy in real time.

INSTANDA introduces MAX to scale commercial underwriting with AI

INSTANDA has launched INSTANDA MAX, a new ‘underwriter-first’ capability designed to help commercial and non-admitted insurers underwrite tens of thousands of complex assets within...
Acrisure has acquired technology-driven managing general agent Vave from Canopius Group, strengthening its position in the US insurance market and expanding its data-led underwriting capabilities.

Acrisure strengthens E&S underwriting with Vave acquisition

Acrisure has acquired technology-driven managing general agent Vave from Canopius Group, strengthening its position in the US insurance market and expanding its data-led underwriting...
Talanx AG has raised €1bn through a dual bond issuance aimed at strengthening its capital structure and supporting long term financial flexibility.

Talanx lands €1bn through dual bond issuance

Talanx AG has raised €1bn through a dual bond issuance aimed at strengthening its capital structure and supporting long term financial flexibility. The financing consists...
UK insurer Covéa is overhauling how it manages fraud and risk across the insurance lifecycle, selecting Shift Technology as a long-term strategic partner to support a new end-to-end approach spanning underwriting, claims and mid-term policy adjustments.

Covéa adopts Shift AI to unify underwriting and claims risk

UK insurer Covéa is overhauling how it manages fraud and risk across the insurance lifecycle, selecting Shift Technology as a long-term strategic partner to...
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