Commercial/Enterprise Insurance

Converge Insurance, a leading managing general agent (MGA) specialising in cyber risk management and underwriting, announced its successful raising of $15m in Series A funding.

InsurTech company KYND recently released a report exploring whether external or internal vulnerability scanning is more useful to assess a company's cyber posture. 

Foxquilt, a prominent North American insurance technology (InsurTech) firm, specialising in catering to small businesses and micro-enterprise markets, has made a thrilling announcement of securing $12m in a funding round.

We've been living through periods of extreme conditions for the past few years, with global pandemics, wildfires, flooding, ice storms, and the looming possibility of international conflict becoming alarmingly frequent. While we could easily brush these years off as a statistical anomaly, data analysis presents a starkly different narrative. It suggests that we are transitioning towards accepting these extremes as our new reality.

Zurich Insurance, one of Ireland's most prominent general insurance firms, offers an extensive product range encompassing private motor, home, commercial property, business, farm, and professional indemnity insurance.

MyCover.ai, an innovative Nigerian start-up, is making waves in the African insurance market. The company provides an open insurance API, allowing businesses to seamlessly integrate insurance into their existing products and services.

As insurance firms eagerly adopt technology to improve their operations, Max Stratmann – chief revenue officer at Scanbot SDK – believes that digital document scanning is the key. 

1Fort, an innovative cyber insurance automation platform, has recently achieved a significant financial milestone. The firm, which aims to streamline the cyber insurance procurement process for middle to large businesses and insurance brokers, has secured $2m in pre-seed funding.

The recent surge in attention towards generative AI and ChatGPT should not be overlooked. This technology has the potential to revolutionise nearly every industry, offering a multitude of people the chance to engage with AI's transformative capacities.

As our digital landscape continually evolves, the prominence of cloud technology in businesses has soared. This surge is a sharp contrast to past reservations about adopting cloud technology. Today, it's increasingly rare to find a technology vendor that doesn't offer cloud-based solutions.