InsurTech

In the increasingly competitive InsurTech market, Qover, a pioneering firm specialising in the orchestration of embedded insurance, stands out as it successfully wraps up a $30m Series C funding round.

Leading InsurTech firm, wefox, and GATE (Green & Advanced Transport Ecosystem), a ground-breaking digital service founded by the Iveco Group, have announced a strategic affinity partnership. This alliance will leverage digital solutions and a pay-per-use formula to shape the future of long-term rentals for electric commercial vehicles.

Cytora, a leading digital risk processing platform, and Aircraft Bluebook, renowned for providing aircraft valuation and data solutions, have recently revealed a strategic collaboration. This alliance is poised to enrich aviation insurance underwriters' capabilities with an amplified understanding of aviation risks.

International insurance broker, Howden, has recently announced its acquisition of Media Insurance Brokers International Limited (MIB), a leading independent UK and Irish film and television broker.

The Financial Conduct Authority (FCA) has recently underscored the need for improved practices in the home and motor insurance sectors. This comes in the wake of an upswing in complaints about insurance claims handling and the treatment of vulnerable customers.

British luxury automaker, Jaguar Land Rover (JLR), and multinational insurance company, Allianz Partners, have joined forces to introduce a new scheme, named Simply Drive.

Estafsar, Egypt's foremost InsurTech provider, and Al Wataniya, an established insurance company in the nation with notable success across diverse insurance categories since 2020, have announced their official partnership.

Re, the innovative reinsurer employing blockchain, has announced a strategic partnership with VIPR Solutions ('VIPR'). This partnership aims to heighten security, streamline processes, and improve transparency by interlinking MGAs, underwriters, and reinsurance brokers with capital on-chain.

Thailand-based InsurTech company, Roojai, has strategically acquired the local business of FWD General Insurance from Bolttech.

Amidst the rapid boom of Artificial Intelligence (AI), its increasing integration into societal structures and business models prompts crucial conversations on technology risks. MAPFRE, a multinational insurance company, has embarked on comprehensive research to understand these risks and to identify measures that could assess, monitor, and mitigate these risks, thereby enabling the deployment of Responsible AI (RAI).