InsurTech

Akur8, a trailblazing insurance pricing solution utilising transparent machine learning, and Cypress Property & Casualty Insurance Company (Cypress P&C), a well-established insurance firm offering a variety of innovative insurance products, have joined forces.

Ennabl, an innovator in the InsurTech industry, with a data analytics platform that empowers insurance brokers and agencies, has announced a successful Series A fundraising round.

The power of pricing transformation in the digital journey of insurance companies cannot be overstated. A pivot towards this aspect can lead to an impressive array of benefits, ranging from competitive edge to talent retention, regulatory adherence and even improvement in loss ratio.

Foxquilt, a prominent North American insurance technology (InsurTech) firm, specialising in catering to small businesses and micro-enterprise markets, has made a thrilling announcement of securing $12m in a funding round.

Allianz Global Corporate & Specialty has joined forces with Allianz Property & Casualty a local insurer providing commercial insurance.

SageSure and Anchor Re have jointly announced the triumphant finalisation of Anchor Re's inaugural $50m catastrophe bond.

Global insurance broker Aon, has recently appointed Anneliesse Oliveros as the Head of EMEA for their Global Broking Centre. 

The UK's InsurTech sector is displaying great strength in the global market with a substantial enterprise value of around $21bn.

We've been living through periods of extreme conditions for the past few years, with global pandemics, wildfires, flooding, ice storms, and the looming possibility of international conflict becoming alarmingly frequent. While we could easily brush these years off as a statistical anomaly, data analysis presents a starkly different narrative. It suggests that we are transitioning towards accepting these extremes as our new reality.

In a bid to accelerate and refine their quotation process, Source Insurance, a leading provider of general insurance quotations, has fortified its partnership with WhenFresh, renowned property data specialists.