FinTech News

AI neo-insurer MGT secures $21.6m Series B funding

AI neo-insurer MGT secures $21.6m Series B funding

AI-driven commercial insurer MGT, a vertically AI-native neo-insurer focused on modernising property and casualty (P&C) coverage for small businesses, has closed an oversubscribed $21.6m...
Generalised linear models (GLMs) remain a core tool in insurance and banking analytics, but building accurate, interpretable models is not always straightforward. One of the biggest challenges is handling hierarchical categorical data—common in insurance tables, such as Location. Using the wrong level of detail can lead to overfitting, multicollinearity, slow training, and unstable coefficients.

Optimising predictive modelling in insurance and banking

Generalised linear models (GLMs) remain a core tool in insurance and banking analytics, but building accurate, interpretable models is not always straightforward. One of...
LifeSearch, one of the UK’s leading protection advice specialists, has announced a new partnership with accountancy software platform All in Place to enable accountancy firms to offer their SME clients seamless access to life insurance and business protection solutions.

All in Place teams up with LifeSearch for business protection solutions

LifeSearch, one of the UK’s leading protection advice specialists, has announced a new partnership with accountancy software platform All in Place to enable accountancy firms...
Resilience, a leading cyber risk solution company, specialising in cyber risk management, technology insurance, and enterprise risk software, has expanded its appetite for Technology Errors & Omissions (Tech E&O) insurance to mid-market clients in the US, UK, and EU.

Resilience unveils new Tech E&O insurance for growth-stage firms

Resilience, a leading cyber risk solution company, specialising in cyber risk management, technology insurance, and enterprise risk software, has expanded its appetite for Technology...
Egyptian InsurTech firm SehaTech, which develops AI-driven solutions to modernise health insurance administration, has secured $1.1m in a seed funding round.

SehaTech bags $1.1m to boost AI health insurance platform

Egyptian InsurTech firm SehaTech, which develops AI-driven solutions to modernise health insurance administration, has secured $1.1m in a seed funding round. The round was led...
Faced with rising healthcare costs, growing mental health demands, workforce shortages, and the widening gap between lifespan and health span, traditional healthcare models are struggling. While reforms are urgently needed, the debate continues over what shape these changes should take.

How digital health engagement cuts healthcare costs

Faced with rising healthcare costs, growing mental health demands, workforce shortages, and the widening gap between lifespan and health span, traditional healthcare models are...
In today’s insurance market, capacity is shifting, and with it, new models are emerging. As traditional insurers retreat from volatile and emerging risks, hybrid fronting carriers are stepping up as essential players—particularly for MGAs looking to launch specialist programmes quickly. According to Novidea, these carriers offer a unique solution to the growing demand for flexible, responsive insurance structures.

Unlocking growth in UK insurance with hybrid carriers

In today’s insurance market, capacity is shifting, and with it, new models are emerging. As traditional insurers retreat from volatile and emerging risks, hybrid...
Stand, an innovative insurance company focused on protecting catastrophe-exposed properties, has closed a $35m Series B funding round.

Stand raises $35m to grow resilience-linked insurance

Stand, an innovative insurance company focused on protecting catastrophe-exposed properties, has closed a $35m Series B funding round. The funding round was led by Eclipse,...
Beacon.li, the enterprise AI orchestration platform, has launched a new suite of AI-powered agents designed specifically for the insurance sector.

Beacon.li AI agents cut insurance quote and claims times

Beacon.li, the enterprise AI orchestration platform, has launched a new suite of AI-powered agents designed specifically for the insurance sector. The launch comes as digital...
Profitable growth in a soft market: How contextual AI and decision intelligence are redefining insurance

Profitable growth in a soft market: How contextual AI and decision intelligence are redefining...

After more than five years of hard market conditions, the insurance sector is now shifting into a soft market. This shift means firms will need to change their strategies to ensure they can stay competitive and profitable. Quantexa VP Insurance Alex Johnson believes Contextual AI and Decision Intelligence is the key to achieving this.

News Stories

Valor backs Counterpart with $50m Series C raise

Counterpart, a specialty InsurTech firm pioneering Agentic Insurance™ for the AI era, has completed a $50m Series C funding round, bringing its cumulative total...
MoneySuperMarket, the UK’s most recommended price comparison service, has expanded its ChatGPT app to include home insurance, pet insurance, credit cards and personal loans, enabling users to re-run quotes and compare financial products directly within the ChatGPT interface.

MoneySuperMarket adds home, pet insurance to ChatGPT app

MoneySuperMarket, the UK’s most recommended price comparison service, has expanded its ChatGPT app to include home insurance, pet insurance, credit cards and personal loans,...
Mehrwerk, a data-driven provider of cashback and lifestyle protection services, and bolttech, a global InsurTech specialising in embedded insurance, have formed a strategic partnership to expand embedded insurance and value-added services across Germany and international markets.

Mehrwerk teams with bolttech to expand embedded services

Mehrwerk, a data-driven provider of cashback and lifestyle protection services, and bolttech, a global InsurTech specialising in embedded insurance, have formed a strategic partnership...
Markel Insurance, the insurance division of Markel Group Inc., has launched PlayMicro in Canada via its digital platform Markel Connect, a broker-focused portal for specialty insurance solutions.

Markel brings PlayMicro portal to Canadian brokers

Markel Insurance, the insurance division of Markel Group Inc., has launched PlayMicro in Canada via its digital platform Markel Connect, a broker-focused portal for...

Ripe debuts ChatGPT app for instant cycling cover quotes

Ripe, a UK-based digital managing general agent (MGA) specialising in niche insurance products, has launched a new ChatGPT app for its cycling insurance brand...
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