InsurTech

63% of Singapore's insurance market is set to replace core management systems in 2024, according to a recent global study by Novidea. 

WTW, a prominent player in the insurance industry, has introduced a groundbreaking cyber insurance product specifically tailored for small and medium-sized enterprises (SMEs) with annual revenues below $50M. 

FullCircl, a prominent player in the InsurTech sector, recently offered its perspectives on the British Insurance Brokers' Association's (BIBA) newly unveiled 2024 Manifesto.

Insurity has launched an AI-powered analytics solution which it claims will revolutionise decision-making for P&C insurance carriers.

Resilience, a cybersecurity firm, has announced a significant extension of its underwriting authority, to serve large global companies with up to $10bn in annual revenues.

CarbonPool, a trailblazing company at the intersection of insurance technology and environmental sustainability, has successfully completed a funding round, raising a significant CHF 10.5 million ($12m).

Pacific Life Re, a key player in the global reinsurance industry, has implemented strategic changes in its organisational structure to enhance client support and achieve ambitious growth objectives.

Microinsurance provider MIC Global has successfully raised $6 million in a seed funding round, with Launchpad Capital leading the investment. 

AVLA, a prominent provider of surety and trade credit solutions, has successfully secured $25m in funding from a host of distinguished investors.

In the rapidly evolving landscape of financial technology, the decision to deploy infrastructure either on-premises or in the cloud has become a critical choice for organisations. The preferences often vary based on factors such as operational needs, financial considerations, and overall business strategy. Software development company Symfa explores the reasons behind the growing trend of opting for on-premises data centres.