Why insurers need to leverage digitalisation and InsurTech to get a competitive advantage
Prior to the Covid-19 pandemic, the insurance sector was already a highly competitive space. Now, with more demand than ever for insurance, the market is going into overdrive.
Shepherd eyes strengthened workforce following $6.15m seed round
Commercial construction insurance business Shepherd has raised $6.15m from a seed funding round led by Spark Capital.
Arch Capital closes deal to acquire Westpac’s mortgage insurance business
Insurance firm Arch Capital has closed the acquisition of Westpac Lenders Mortgage Insurance (WLMI) for an undisclosed fee.
Insurify rakes in $100m from Motive Partners-led Series B
Insurance agent and comparison platform Insurify has raised $100m from a Series B round led by private equity firm Motive Partners.
UAE InsurTech Hala inks $5m to expand market footprint
Abu Dhabi-based Hala has snared $5m from a funding round led by Mubadala Investment Company.
Goldman Sachs backs InsurTech DealerPolicy in $110m Series C
Automotive insurance marketplace DealerPolicy has pulled in $110m from a Series C funding round led by Goldman Sachs Asset Management.
Pie Insurance secures regulatory approval to acquire Western Select
InsurTech Pie Insurance has revealed it has received regulatory approval from the Illinois Department of Insurance to purchase Western Select Insurance Company.
Sayata aims to expand insurance footprint with $17m Series A
Insurance broker marketplace Sayata has bagged $17m from a Series A funding round led by Team8 Capital and Vertex Ventures.
Tysers unveils new cloud-based policy consolidation platform
Global insurance broker Tysers who launched TConnect, an insurance platform that is designed to consolidate processes and automate the life cycle of a policy.
Balance Re secures $10m from Anthemis-led Series A
Life reinsurance company Balance Re has raised $10m from a Series A funding round led by Anthemis Group.
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