InsurTech

PCF

PCF Insurance raises $400m in incremental financing 

PCF Insurance Services has secured $400m in incremental debt financing as it looks to accelerate its M&A strategy for expansion. 
Jerry

Jerry’s AI-powered revolution in car insurance accelerates with $110m raise

Jerry, a service known for its PriceProtect technology that helps car owners find optimal insurance rates, has doubled its offerings.
Mosaic

InsurTech firm Mosaic secures strategic growth investment

Specialty insurer, Mosaic Insurance, has secured strategic investment from two prominent US growth-capital providers. Although the exact amount of investment hasn't been disclosed, the agreement...

Tiger Brokers launches industry’s first AI chatbox 

Tiger Brokers has announced the launch an AI chatbox which has been deemed the first of its kind across the brokerage industry.
FinTech company Vesttoo has shockingly announced that it will be laying off 75% of its staff in wake of its fraud scandal. 

Vesttoo lay off 75% of staff and close multiple offices amid fraud scandal

FinTech company Vesttoo has shockingly announced that it will be laying off 75% of its staff in wake of its fraud scandal. 

Converge Insurance raises $15m from Forgepoint Capital

Converge Insurance, a leading managing general agent (MGA) specialising in cyber risk management and underwriting, announced its successful raising of $15m in Series A funding.
The importance of external and internal vulnerability scanning in cyber underwriting

The importance of external and internal vulnerability scanning in cyber underwriting

InsurTech company KYND recently released a report exploring whether external or internal vulnerability scanning is more useful to assess a company's cyber posture. 

Blitz Insurance collaborates with Ascend for payment and financing in InsurTech

Blitz Insurance, a specialty insurance carrier, and Ascend, a first-of-its-kind insurance payments platform, have announced a strategic partnership aimed at modernising payment experiences for insurance brokers in specialty markets.
QBE

QBE North America and Converge launch cyber insurance program

QBE North America has launched a new cyber insurance program with Converge, a new MGA that will act as program administrator. 
Pen

Pen Underwriting launches new UK division to drive growth

Pen Underwriting has recently announced changes to its divisional structure as it aims to continue its growth.  
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Kin Insurance, a US InsurTech focused on homeowners coverage in catastrophe-exposed regions, has secured $335m in its largest catastrophe bond transaction to date.

Kin Insurance lands $335m bond to bolster US storm protection

Kin Insurance, a US InsurTech focused on homeowners coverage in catastrophe-exposed regions, has secured $335m in its largest catastrophe bond transaction to date. The raise...
Allianz Commercial will transfer its standalone cyber insurance portfolio to Coalition as part of a long-term partnership to consolidate the global cyber insurance market. 

Allianz and Coalition form exclusive cyber insurance alliance

Allianz Commercial will transfer its standalone cyber insurance portfolio to Coalition as part of a long-term partnership to consolidate the global cyber insurance market.  The...
InsurTech firm Corgi has reached unicorn status after raising $160m in Series B funding at a $1.3bn valuation.

Corgi hits unicorn status after $160m Series B

InsurTech firm Corgi has reached unicorn status after raising $160m in Series B funding at a $1.3bn valuation. The round brings Corgi’s total funding to...

Pit secures $16m led by Andreessen Horowitz

Pit, a Swedish AI startup developing custom enterprise software, has emerged from stealth with $16m in seed funding led by Andreessen Horowitz, as it...
Insurance has always depended on timing. Risk is captured at a specific moment, translated into a price, and expected to remain broadly stable until the next review. For much of the industry’s history, that assumption has held. Risk moved, but not so quickly that it escaped the frame of underwriting.

How real-time risk visibility is reshaping the insurance lifecycle

Insurance has always depended on timing. Risk is captured at a specific moment, translated into a price, and expected to remain broadly stable until...
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