InsurTech

The global InsurTech market grew to 25.97bn in 2024 and is expected to reach approximately USD 496.56bn by 2033. This represents a remarkable compound annual growth rate (CAGR) of 38.8% from 2024 to 2033. This rapid expansion is being driven by innovations in artificial intelligence (AI), machine learning (ML), cybersecurity, and a growing emphasis on Environmental, Social, and Governance (ESG) practices.

Introducing new insurance products can be a challenging journey, requiring careful planning, a thorough understanding of market needs, and effective execution. A recent white paper published by Akur8, titled From Idea to Market: A Comprehensive Guide to Introducing New Insurance Products, offers valuable insights into how InsurTechs and insurers can streamline this process.

Glia, a leader in customer interaction technology, has announced the appointment of Michael Tessler to its board of directors.

Insurity, a leading provider of cloud-based software for insurance carriers, brokers, and managing general agents (MGAs), has named Sylvester Mathis as its new chief...

One Inc, a leader in digital payments solutions for the insurance industry, is set to digitise and streamline payment processes for GoAuto Insurance policyholders, as part of a new partnership between the firms.

Orion180, a leader in innovative insurance solutions, has unveiled its new Residential Private Flood Insurance product.

Prudential plc, a leading international financial services group, has unveiled the Prudential AI Lab in Singapore. The launch of the AI Lab is aimed at...

Incarnation Specialty has chosen IntellectAI’s end-to-end underwriting ecosystem to streamline the management and underwriting of submissions, alongside InsureMO's middleware capabilities. The move will see the...

Cytora, a leading digital risk processing platform, has partnered with Pelmorex Corp to enable commercial property insurance underwriters to access accurate, localised climate and weather predictive modelling directly via Cytora’s platform.

Players Health, a leading provider of risk management and insurance solutions for sports organisations, has secured $60m in its Series C round.