InsurTech

In many parts of Southeast Asia, insurance brokerage remains a highly manual business. Email threads, spreadsheets, and hand-entered data are still standard practice for numerous firms operating under tight margins and lean staffing. For years, this model was sufficient. But now, pressures are mounting, according to Novidea.

Southeast Asia’s brokers need tech that fits

In many parts of Southeast Asia, insurance brokerage remains a highly manual business. Email threads, spreadsheets, and hand-entered data are still standard practice for numerous firms operating under tight margins and lean staffing. For years, this model was sufficient. But now, pressures are mounting, according to Novidea.
European Watch Company (EWC), an American luxury watch retailer specialising in high-end timepieces, has partnered with Chubb to introduce an exclusive insurance offering designed specifically for watch collectors.

European Watch Company and Chubb launch tailored insurance for collectors

European Watch Company (EWC), an American luxury watch retailer specialising in high-end timepieces, has partnered with Chubb to introduce an exclusive insurance offering designed specifically for watch collectors.
Global InsurTech provider Duck Creek Technologies has announced a new SaaS partnership with Capricorn Mutual, the insurance division of member-owned organisation Capricorn, to overhaul its core insurance systems.

Duck Creek and Capricorn Mutual partner to boost insurance tech

Global InsurTech provider Duck Creek Technologies has announced a new SaaS partnership with Capricorn Mutual, the insurance division of member-owned organisation Capricorn, to overhaul its core insurance systems.
CLARA Analytics, a leading provider of artificial intelligence (AI) solutions for the insurance industry, has announced a significant upgrade to its flagship platform, Claims DocIntel Pro. 

CLARA Analytics upgrades Claims DocIntel Pro with AI tools

CLARA Analytics, a leading provider of artificial intelligence (AI) solutions for the insurance industry, has announced a significant upgrade to its flagship platform, Claims DocIntel Pro. 
Cyberwrite and Markel boost cyber risk modelling in Europe

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.
Crabi bags $13.6m to expand digital auto cover in Mexico

Crabi bags $13.6m to expand digital auto cover in Mexico

Crabi, a full-stack digital auto insurance company based in Mexico, has secured $13.6m in a new funding round to boost its AI-powered insurance offering and expand access to affordable vehicle coverage nationwide.
PremFina, the UK’s fastest-growing insurance premium finance provider, has announced a major funding milestone through the completion of a £350m private securitisation facility, supported by HSBC and Waterfall Asset Management.

Markel teams with Insurate on middle-market insurance

Markel Insurance and Insurate, an InsurTech company focused on the middle-market workers compensation sector, have formed a strategic partnership. Markel is a major U.S.-based...
Assurant, Inc., a premier global protection company specialising in safeguarding connected devices, homes, and automobiles, has partnered with Ciocca Automotive, a growing automotive group operating 54 dealerships across New Jersey and Pennsylvania.

Assurant and Ciocca Automotive partner to boost vehicle protection

Assurant, Inc., a premier global protection company specialising in safeguarding connected devices, homes, and automobiles, has partnered with Ciocca Automotive, a growing automotive group operating 54 dealerships across New Jersey and Pennsylvania.
Blink Parametric, a B2B SaaS company and part of CPPGroup Plc, has announced the appointment of Brian Barter as its new chief executive officer with immediate effect.

Blink Parametric names Brian Barter CEO to accelerate growth

Blink Parametric, a B2B SaaS company and part of CPPGroup Plc, has announced the appointment of Brian Barter as its new chief executive officer...
Cyber insurance startup Baobab, a Germany-based InsurTech firm specialising in AI-driven cyber protection, has raised €12m in a Series A funding round aimed at expanding its operations across Europe.

Cyber InsurTech Baobab secures €12m to expand in Europe

Cyber insurance startup Baobab, a Germany-based InsurTech firm specialising in AI-driven cyber protection, has raised €12m in a Series A funding round aimed at expanding its operations across Europe.

News Stories

Mapfre takes 38.9% stake in InsurTech Tuio

Mapfre takes 38.9% stake in InsurTech Tuio

Mapfre, the insurance group, has agreed to take a holding in Tuio, a specialist digital insurance distributor built on advanced technology and a mature...
Verisk deepens event response with MIS acquisition

Verisk deepens event response with MIS acquisition

Verisk, a strategic data analytics and technology partner serving the global insurance sector, has completed the purchase of McKenzie Intelligence Services (MIS), a firm...
Ominimo reaches $1.6bn valuation with AI motor insurance

Ominimo reaches $1.6bn valuation with AI motor insurance

Ominimo, a Budapest-based InsurTech using AI and advanced data analytics to transform motor insurance, has secured $22.5m in Series B funding at a $1.6bn valuation,...
Can Curant.ai solve insurance’s claims complexity problem?

Can Curant.ai solve insurance’s claims complexity problem?

Curant.ai, an AI-powered InsurTech platform focused on modernising insurance claims, has secured $3.1m in seed funding as insurers look to move from early AI...
Can commercial carriers survive the end of the hard market?

Can commercial carriers survive the end of the hard market?

The prolonged hard market in North American commercial insurance has begun to ease, creating a new challenge for property and casualty (P&C) insurers as...
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