InsurTech

Nuon, an InsurTech leveraging AI in the insurance pricing process, has raised £1m in an oversubscribed pre-seed funding round.

Verisk, a global data analytics provider, has acquired Automated Insurance Solutions (AIS), a UK-based InsurTech to add motor liability decision automation to its claims ecosystem.

Duck Creek Technologies, global technology solutions provider to the P&C insurance industry, has partnered with provider of digital customer services (DCS) Glia.

The pandemic-fuelled shift to online purchasing and increased demand for digital gave new impetus to embedded insurance products. This trend is presenting insurers with an invaluable opportunity to scale and improve their distribution.

InsurTech company INSHUR has bolstered its UK in-house claims operations through a new deal with Five Sigma, a cloud-native claims management solutions provider.

InsurTech Sureify has partnered with Socotra, a provider of a cloud-native platform for insurers, to strengthen digital capabilities in the life insurance industry.

Singapore-headquartered Docsumo, which helps firms automate decisions from customer documents, has netted $3.5m in its seed funding round.

Digital life insurance startup DeadHappy has reportedly scored $15m in its latest funding round.

Despite the fact that travel was hit hard by the Covid-19 pandemic, the need for sufficient medical coverage has been thrust into the spotlight. Air Doctor bridges the gap between insurers, doctors and travellers to offer a universal healthcare product, at a time when it is particularly anxiety-inducing to fall ill whilst abroad.

Anthemis Group, a cultivator of change in the financial system, was the most active InsurTech investor in 2021, participating in a total of 11 transactions. FinTech Global sits down with the prolific VC to discuss what exactly it sees in the InsurTech industry.