FinTech News

FloodFlash, a pioneering InsurTech firm, is launching a product to support business interruption (BI) coverage in the United States, ahead of the 2024 Atlantic hurricane season.

FloodFlash launches new business interruption coverage ahead of hurricane season

FloodFlash, a pioneering InsurTech firm, is launching a product to support business interruption (BI) coverage in the United States, ahead of the 2024 Atlantic hurricane season.
ClaimBuddy secures $5m in Series A to revolutionise health insurance claims

ClaimBuddy secures $5m in Series A to revolutionise health insurance claims

ClaimBuddy, a health insurance claim assistance platform, has successfully concluded its Series A funding round, raising $5m.
Nationwide, a leading insurance provider, and EnforcerOne, a specialist in firefighting solutions, have partnered to strengthen fire defence strategies for Nationwide’s agriculture clientele.

Nationwide and EnforcerOne join forces to protect agriculture from fire hazards

Nationwide, a leading insurance provider, and EnforcerOne, a specialist in firefighting solutions, have partnered to strengthen fire defence strategies for Nationwide’s agriculture clientele.
McKinsey and Google Cloud have partnered to unlock the capabilities of generative artificial intelligence (GenAI), with an estimated $4tn in potential business value.

McKinsey and Google Cloud collaborate to drive $4tn business value with GenAI

McKinsey and Google Cloud have partnered to unlock the capabilities of generative artificial intelligence (GenAI), with an estimated $4tn in potential business value.
MetLife Pet Insurance, a leading provider of pet insurance services, has announced its collaboration with the Association of Animal Welfare Advancement (AAWA).

MetLife Pet Insurance partners with AAWA to enhance pet care accessibility

MetLife Pet Insurance, a leading provider of pet insurance services, has announced its collaboration with the Association of Animal Welfare Advancement (AAWA).
For legal enterprises, transitioning from traditional paper-based document management to digital workflows is essential to remain competitive.

Ensuring efficiency and security in legal document management

For legal enterprises, transitioning from traditional paper-based document management to digital workflows is essential to remain competitive.
Oyster, an embedded insurance platform for commerce, has announced its partnership with Electric Bike Company, a renowned player in the micro-mobility industry.

Electric Bike Company teams up with Oyster for enhanced rider insurance experience

Oyster, an embedded insurance platform for commerce, has announced its partnership with Electric Bike Company, a renowned player in the micro-mobility industry.
AXIS Capital Holdings Limited has revealed plans to enhance its suite of specialty insurance solutions in North America with the introduction of a Canadian Environmental Impairment Liability (EIL) insurance unit.

AXIS Canada appoints Ludwig Nagata to lead expansion

AXIS Capital Holdings Limited has revealed plans to enhance its suite of specialty insurance solutions in North America with the introduction of a Canadian Environmental Impairment Liability (EIL) insurance unit.
PURE Specialty Exchange widens High Value Homeowners coverage across Western States

PURE Specialty Exchange widens High Value Homeowners coverage across Western States

PURE Specialty Exchange (PSE), the specialty surplus lines insurance carrier committed to serving PURE members and high net worth families, has announced the expansion of its High Value Homeowners insurance to include six additional states: Arizona, Colorado, Hawaii, Montana, Utah, and Wyoming.
Stride and Utah set new precedents in benefits for independent workers

Stride and Utah set new precedents in benefits for independent workers

Stride, a leader in portable benefits technology, unveiled its Stride Contributions program in Utah, marking a significant innovation following the state's new Portable Benefit Plan legislation (SB-233).
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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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