InsurTech

Programming has often been described as difficult and unaccessible, which is why the implementation of low code solutions designed to amend these issues is so appealing to insurers globally. But can they be used at a corporate level? Dmitry Kurbatov, delivery manager at Symfa delves into the lessens he learned while implementing such an offering at a US insurance firm.

Novidea has announced the latest update to its award-winning insurance management solution, designed to cater to brokers, agents, MGAs/MGUs, wholesalers, and carriers.

Flitter, a Paris-based InsurTech startup, has successfully completed a €3.5m seed funding round, positioning itself for significant expansion.

Better Home & Finance Holding Company has launched a new end-to-end white label solution that allows customers to purchase homeowners insurance through an online experience.

Nordnet has extended its partnership with Lumera, and is now set to launch a SIP insurance savings account offering, as it enters the Finnish market.

Lexasure Financial Group Limited has announced the launch of a B2B risk management portal designed to enhance the reinsurance process.

Travelers, a leading insurance provider has entered into a definitive agreement to acquire cyber InsurTech firm Corvus for $435m.

Layr, an Insurtech company for independent commercial insurance brokerages, has secured $10m in its recent funding round.

Many insurance companies offer their customers the convenience of scanning and submitting claims-related documents through dedicated mobile apps. While this approach works well for many, not all users want to download additional applications. Fortunately, there's an alternative solution that combines efficiency and user-friendliness – implementing a Web SDK for document scanning directly through browsers.

The turbulent financial market is forcing companies to increase the scrutiny of their budgets. Rather than simply allowing hype to dictate their spending, firms are starting to see whether their initiatives are generating enough value. One of the areas that could be on the chopping block is public cloud, according to Joel Berwitz - Managing Consultant at technology transformation company CNNECT.