InsurTech

German InsurTech wefox boasts two million customers

Berlin-based digital insurance company wefox has reached two million customers, following an announcement that it is seeking another funding raise.

Service Lloyds opts for GradientAI to bolster workers’ compensation underwriting

Service Lloyds Insurance Company has adopted Gradient AI’s solution to better predict risk and improve the pricing accuracy of workers’ compensation policies.

Tech-driven MGA Insight Risk deploys ChainThat platform

Insight Risk, a technology-driven MGA, has deployed a next-generation policy administration platform Beyond Policy Administration (BPA) from software-as-a-service platform ChainThat.

InsurTech startup Konsileo closes Series A

Commercial insurance broker and risk management adviser Konsileo has closed its Series A on £4.7m.

How Lloyd’s Project Rio and ‘Principles of Doing Business’ will impact pricing

Lloyd’s recently released a 156 page document titled ‘Principles of Doing Business’, which outlines the responsibilities of all managing agents. To help companies quickly digest this and ensure they stay compliant, hyperexponential has released a report summarising the key takeaways.

InsurTech Vertafore in MGA Systems take-over

North American insurance technology provider Vertafore has acquired MGA Systems, a provider of purpose-built software for MGAs.

Oman Insurance to “stay ahead of the technology curve” with Innoveo

Oman Insurance Company, one of the largest publicly listed insurers in the United Arab Emirates, has launched a platform in conjunction with global technology firm Innoveo.

Property intelligence InsurTech Betterview partners with OneShield

Betterview, an InsurTech provider of actionable property intelligence to property and casualty (P&C) insurance companies, has partnered with core system provider OneShield Software.

United Automobile Insurance opts for Cloverleaf to use data “more intelligently”

United Automobile Insurance Company, a regulated property and casualty insurance carrier focused on the non-standard automobile market, has become a Cloverleaf customer to leverage insurance data for underwriting and policy rating.

Allianz gears up for travel surge with JetBlue Travel

Allianz Partners USA has extended its long-term partnership with JetBlue Travel Products, a subsidiary of JetBlue Airways.

News Stories

Producer licensing is one of those parts of insurance that tends to stay in the background until it starts slowing everything else down. As carriers expand their agent networks, the process of onboarding producers, managing appointments, and maintaining compliance records often still depends on fragmented systems and manual intervention.

Fixing the producer bottleneck in insurance distribution

Producer licensing is one of those parts of insurance that tends to stay in the background until it starts slowing everything else down. As...
Simply Business, a digital insurance marketplace, has launched a business insurance app on ChatGPT in the US, alongside a separate rollout in the UK.

Simply Business brings small business insurance pricing into ChatGPT

Simply Business, a digital insurance marketplace, has launched a business insurance app on ChatGPT in the US, alongside a separate rollout in the UK. The...
Cytora, a digital risk processing platform, has announced a strategic relationship with LexisNexis Risk Solutions to embed advanced data and analytics into its platform for US commercial insurers.Cytora, a digital risk processing platform, has announced a strategic relationship with LexisNexis Risk Solutions to embed advanced data and analytics into its platform for US commercial insurers.

Cytora partners LexisNexis to enhance US commercial underwriting

Cytora, a digital risk processing platform, has announced a strategic relationship with LexisNexis Risk Solutions to embed advanced data and analytics into its platform...
INSTANDA, a no-code insurance platform provider, has partnered with DataCrest, a workflow solutions firm, to enhance submission intake and quoting efficiency for insurers and MGAs.

INSTANDA and DataCrest team up to streamline insurance submissions

INSTANDA, a no-code insurance platform provider, has partnered with DataCrest, a workflow solutions firm, to enhance submission intake and quoting efficiency for insurers and...
Openly, a tech-enabled homeowners insurance provider, has secured a growth investment round led by existing investors Eden Global Partners, Advance Venture Partners and Gradient, with strategic participation from Allianz X.

Openly boosts expansion plans with funding and Allianz Re deal

Openly, a tech-enabled homeowners insurance provider, has secured a growth investment round led by existing investors Eden Global Partners, Advance Venture Partners and Gradient,...
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