FinTech News

ICEYE, a pioneer in satellite-powered disaster management solutions, has concluded a significant funding round, raising $93m in growth capital.

ICEYE secures $93m growth funding round led by Solidium Oy

ICEYE, a pioneer in satellite-powered disaster management solutions, has concluded a significant funding round, raising $93m in growth capital.
MassMutual has partnered with Insurify to enable them to provide property and casualty (P&C) insurance, encompassing personal and commercial lines.

MassMutual and Insurify forge strategic partnership to expand insurance offerings

MassMutual has partnered with Insurify to enable them to provide property and casualty (P&C) insurance, encompassing personal and commercial lines.
Kanguro Insurance, an innovative insurance provider recognized for its AI-powered pet health insurance plans, is expanding its offerings into renters insurance, starting with the Texas market.

Kanguro Insurance unveils innovative renters insurance solution for Texas market

Kanguro Insurance, an innovative insurance provider recognized for its AI-powered pet health insurance plans, is expanding its offerings into renters insurance, starting with the Texas market.
Amazon has officially announced the closure of its Amazon Insurance Store initiative, following strong hints from earlier this year. 

Amazon insurance initiative to cease operations after months of speculation

Amazon has officially announced the closure of its Amazon Insurance Store initiative, following strong hints from earlier this year. 
AKKO, a premier provider of modern device insurance solutions, has proudly announced its acquisition of Upsie, an innovative player in the device insurance market.

AKKO announces acquisition of Upsie to cement market position

AKKO, a premier provider of modern device insurance solutions, has proudly announced its acquisition of Upsie, an innovative player in the device insurance market.
Cyber InsurTech Coalition has announced groundbreaking integrations with prominent cloud services providers, Microsoft 365, Google Workspace®, and Amazon Web Services.

Coalition unveils groundbreaking integrations with Microsoft 365, Google Workspace, and AWS

Cyber InsurTech Coalition has announced groundbreaking integrations with prominent cloud services providers, Microsoft 365, Google Workspace®, and Amazon Web Services.
Juno, a public benefit corporation, is set to become the first company to provide Child Disability Insurance in the United States.

Juno introduces first-ever child disability insurance in the U.S.

Juno, a public benefit corporation, is set to become the first company to provide Child Disability Insurance in the United States.
HDI Global, an industrial insurer renowned for its long-term partnerships with large industrial clients globally, is extending its services to the mid-market segment.

HDI Global aims to extend services to mid-market segment

HDI Global, an industrial insurer renowned for its long-term partnerships with large industrial clients globally, is extending its services to the mid-market segment.
Allianz Partners Australia, a leading insurance provider, has unveiled a new online chat feature tailored for customers of its travel insurance partner, HCF.

Allianz Partners introduces instant online chat for HCF travel insurance customers

Allianz Partners Australia, a leading insurance provider, has unveiled a new online chat feature tailored for customers of its travel insurance partner, HCF.
Pula, a Kenyan-based InsurTech firm, has successfully concluded a Series B funding round, securing $20m.

Kenyan InsurTech Pula secures $20m in Series B

Pula, a Kenyan-based InsurTech firm, has successfully concluded a Series B funding round, securing $20m.
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Starwind Specialty Insurance Services, a subsidiary of TIH, has partnered with Stone Point Credit to launch Fractal Re, a newly formed collateralised reinsurer.

Starwind partners with Stone Point Credit to launch $270m reinsurer Fractal Re

Starwind Specialty Insurance Services, a subsidiary of TIH, has partnered with Stone Point Credit to launch Fractal Re, a newly formed collateralised reinsurer.
US-based InsurTech managing general agent, Ledgebrook, has secured $17m in a Series B funding round.

US InsurTech Ledgebrook secures $17m Series B to accelerate growth

US-based InsurTech managing general agent, Ledgebrook, has secured $17m in a Series B funding round.
Rising delinquencies across all consumer lending lines have become a significant concern, as highlighted by the Q2 2024 Quarterly Credit Industry Insights Report (CIIR) from TransUnion. This uptick in defaults, alongside intensifying competition, shrinking profit margins, and increasing financial pressures, is pushing lenders to reassess their pricing and credit risk strategies. 

How Earnix is transforming consumer lending

Rising delinquencies across all consumer lending lines have become a significant concern, as highlighted by the Q2 2024 Quarterly Credit Industry Insights Report (CIIR) from TransUnion. This uptick in defaults, alongside intensifying competition, shrinking profit margins, and increasing financial pressures, is pushing lenders to reassess their pricing and credit risk strategies. 
California leads US InsurTech market in H1 2024 as deals drop 60% YoY

California retained top spot as US InsurTech deals and investments plummeted in H1

California retained top spot as US InsurTech deals and investments plummeted in H1 Key US InsurTech investment stats in H1 2024: US InsurTech deal activity...
In today’s dynamic retail environment, acquiring new customers is more challenging and essential than ever. Simply increasing spending isn’t enough—success depends on balancing customer growth with effective cost management. Zurich-based technlogy firm dacadoo delves into seven strategies that can help retailers achieve this balance while keeping Customer Acquisition Costs (CAC) in check.

7 effective strategies for retail customer acquisition

In today’s dynamic retail environment, acquiring new customers is more challenging and essential than ever. Simply increasing spending isn’t enough—success depends on balancing customer growth with effective cost management. Zurich-based technlogy firm dacadoo delves into seven strategies that can help retailers achieve this balance while keeping Customer Acquisition Costs (CAC) in check.
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