InsurTech

Sandbox InsurTech Ventures backs Confianza’s seed round

Confianza, a provider of comprehensive data analytics and machine learning to insurance agents, brokers, and carriers throughout the US, has closed a seed funding round.

Aura launches hurricane parametric cover in the Caribbean

Aura Underwriting, the specialist Caribbean catastrophe managing general agent of Rokstone Group, has launched a Caribbean parametric product to complement its existing Lloyd’s Caribbean binder.

InsurTech Gigaforce unveils claims bot for touchless experience

Gigaforce, an InsurTech provider of a SaaS-based, blockchain-optimised, claims platform, has launched a claims intake bot, Gigabot, for a “near touchless claims experience” in insurance.

Finclusion backs Kenyan InsurTech mTek

mTek, a Kenya-based InsurTech that provides a digital insurance platform, has raised $3m in debt and equity, including a commitment from African-focused FinTech platform Finclusion Group.

WTW launches price inflation tool for auto insurers

Willis Tower Watson (WTW), in partnership with Solera Audatex, has launched a price inflation forecasting tool for auto insurers.

Zurich to sell life insurance portfolio to Viridium

Zurich Insurance Group, is to sell its legacy traditional life insurance back book in Germany to Viridium Holding AG, a specialist in the management of life insurance portfolios in Germany.

Pet insurance is taking InsurTech by storm and Crypto continues to perform despite investor...

This week saw a strong 37 deals take place, which showcased the continued attraction of the InsurTech industry, with growing attention being paid to pet insurance, as well as continued investment in Blockchain & Crypto, despite predictions this could be about to burst.

Hawksoft boosts client relationship capabilities with Levitate

Oregon-based insurance technology developer Hawksoft, and its partner Levitate, have launched a two-way API integration for users of both platforms.

Asian insurance market represents an opportunity, according to Everest Insurance

Everest Insurance, the insurance division of Everest Re Group, has entered the Asian market following regulatory approval from the Monetary Authority of Singapore.

“Easy as pie” Pie Insurance expands coverage

Pie Insurance, an InsurTech specialising in workers’ compensation insurance for small businesses, has expanded its footprint to Alabama and Oregon in the US.

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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