Consumer Platforms

Singapore-based InsurTech bolt has launched a solution designed to help insurance carriers and Managing General Agents (MGAs) reduce water-related losses through real-time monitoring, automated policyholder engagement, and seamless system integration.

Foliume, which specialises in automating insurance processes, has secured a $1m seed funding round led by Belgium-based venture fund Pitchdrive and Wayra, the investment arm of Telefónica.

San Francisco-based InsurTech startup FurtherAI, which develops AI-powered assistants for the commercial insurance sector, has raised $5m in a funding round led by Nexus Venture Partners.

HLPartnership (HLP), one of the UK’s leading mortgage networks, has announced an expansion of its General Insurance (GI) panel.

Novidea, an InsurTech firm specialising in cloud-based insurance management solutions, has appointed Oren Leshem as vice president of sales for the Asia-Pacific (APAC) and Middle East & North Africa (MENA) regions.

Managing general agents (MGAs) have become vital intermediaries in the insurance industry, offering specialised products that traditional insurers may shy away from due to complexity or niche demand. They bridge the gap between insurers and policyholders, focusing on hard-to-place risks and providing tailored solutions that would otherwise be difficult to obtain. Earnix, a firm which works alongside some of the world's largest insurers, delves into the growing role of MGAs in the market. 

ZestyAI, a leader in AI-driven risk models for the insurance industry, has partnered with EarthDaily Analytics to enhance risk modelling and property insights for insurers.

Peak Reinsurance Company Limited has been granted approval by the International Financial Services Centres Authority (IFSCA) to establish a reinsurance branch in India’s Gujarat International Finance Tec-City International Financial Services Centre (GIFT IFSC).

Guidewire, a leading provider of cloud-based software for insurers, has announced plans to acquire Quantee, a Poland-based InsurTech specialising in dynamic pricing software.

Belgium-based document processing service provider, Input For You, has partnered with Netcall, a leading provider of AI-powered automation and customer engagement solutions, to enhance the speed and accuracy of document handling in the insurance sector.