InsurTech

Luma Financial Technologies, a global leader in structured products and insurance solutions, has announced its expansion into the life insurance sector.

As UK insurers grapple with rising claims costs and escalating premiums, the pressure on onboarding processes has never been greater. Motor claims payouts surged by 18% last year, while British drivers faced premium hikes of over a third, outpacing the rest of Europe. At the same time, home insurance renewal quotes soared by 42%, leaving insurers scrambling to adapt. Given these tribulations, the efficiency and effectiveness of insurance onboarding has become crucial. 

Novidea, a leading InsurTech firm known for its cloud-based, data-driven insurance enterprise management platform, has bolstered its presence in the London Market by relocating to a larger office space in the heart of the City of London.

Kayna, an award-winning embedded insurance infrastructure platform; WTW, a global advisory, broking, and solutions leader; and Vibrant, a cybersecurity oversight platform, have joined forces to streamline vendor risk management.

DigitalOwl, a provider of advanced AI solutions tailored for the life insurance and legal sectors, has announced a new partnership with ExamOne which aims to enhance client services across the United States.

Skyward Specialty Insurance Group, Inc., a leader in the specialty property and casualty (P&C) insurance market, has introduced its new Life Sciences liability coverage.

Insurity, a leading provider of cloud-based software solutions for insurance carriers, brokers, and managing general agents (MGAs), has announced the promotion of Jonathan Victor to the role of chief operating officer (COO).

AXA, a global leader in insurance and asset management, has unveiled its latest mental health initiative, the Mind Health Self-check.

Qover, a leading InsurTech company specialising in embedded insurance solutions, has partnered with Mastercard to improve the online shopping experience for Mastercard credit cardholders in Belgium and Luxembourg.

Mercedes-Benz Insurance Services UK Limited, the insurance arm of the renowned automobile manufacturer, has partnered with Wrisk to enhance its car insurance offerings with a customer-centric subscription model.