Cost-cutting vs growth: A guide for insurers
The insurance sector is at an important crossroads. It is currently in a period of increased competition and market pressure, meaning existing growth and profitability strategies are under strain. They need to find a way to cope with this market pressure but not stifle their future growth.
Cyberwrite and Markel boost cyber risk modelling in Europe
Cyber risk analytics provider Cyberwrite has deepened its collaboration with Markel Insurance to enhance cyber underwriting, broker enablement, and risk modelling capabilities across European markets.
Bain Capital backs $2.1bn raise for FinTech leader Acrisure
Acrisure, the global FinTech firm offering AI-driven financial services, has secured $2.1bn through a new capital raise backed by several major investors, bolstering its plans to grow internationally and enhance its platform.
Health insurance automation firm HOOTL lands new Middle East investment to accelerate UAE expansion
RIIG – HOOTL, a provider of AI-powered cybersecurity and health tech solutions, has raised a new round of funding from investors in the United Arab Emirates, marking a key milestone in the company’s international expansion.
Specialty insurance cloud firm Tinubu closes $45m funding led by Morgan Stanley
Tinubu, a leading provider of cloud-based enterprise software for the specialty insurance industry, has raised $45m in growth capital to fuel its product innovation and global expansion.
IntellectAI targets insurance inefficiencies with AI-driven policy placement solution
IntellectAI, the InsurTech division of Intellect Design Arena, has unveiled Magic Placement, a new AI-powered solution designed to overhaul the way agents, brokers, and wholesalers compare insurance documents.
AI meets human insight in IntellectAI’s new underwriting solution
IntellectAI has introduced a new breed of AI-driven underwriting tools designed to elevate decision-making across commercial and specialty lines.
TheGuarantors tackles renters insurance gap with real-time monitoring tech
TheGuarantors has acquired insurance verification technology developed by Covie, a Y Combinator-backed firm, to bolster its Zero-Gap Renters Insurance solution.
InsurTech startup Outmarket AI lands $4.7m to modernise commercial insurance workflows
Outmarket AI, a newly launched intelligence platform designed to transform the commercial insurance sector, has raised $4.7m in a seed funding round.
InsurTech platform CoverForce secures $13m Series A to enhance carrier-agency connectivity
CoverForce, an InsurTech platform focused on enhancing infrastructure and connectivity within the commercial insurance sector, has raised $13m in a Series A funding round.
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