InsurTech

AfriGlobal unveils InsurTech portal AfriCover247, first of its kind in the Nigerian insurance sector

AfriGlobal Insurance Brokers has launched AfriCover247, a digital insurance platform that allows insurance transactions and claims management 24-hour, seven days a week.

How Cloud Insurance’s platform is gearing up to take the world by storm

Cloud Insurance, an all-in-one InsurTech solution, is currently in the midst of a global expansion effort. With new offices opening worldwide and an international partner programme in place, the company aims to become a leading provider in the insurance space.

Coincover said to raise $9.2m in its Series A round

Coincover, which provides insurance for cryptocurrency, has reportedly raised $9.2m in its Series A round.

Howden launches sustainable underwriter, plans $500m raise

International insurance broker Howden has introduced Parhelion Underwriting with the aim of raising $500m after it was seeded by Howden.

FCA slaps Lloyds Bank’s insurance division with £90m fine for misleading customers

The Financial Conduct Authority fined the insurance division of Lloyds Bank £90.7m for sending misleading renewal quotes to nine million customers.

Sweden-based Insurello nets $17.5m in its latest funding round

Swedish InsurTech company Insurello has received a SEK 150m ($17.5m) investment, after it moves past the milestone of SEK 200m ($23.3m) in paid insurance compensation.

What last week’s 31 FinTech investments means for the PayTech sector

Out of the 33 FinTech funding rounds we reported on last week, PayTech companies and lending enterprises were the clear winners.

Neptune and Attune team up to provide flood coverage to businesses

AI-driven flood insurance company Neptune Flood has partnered with Attune Insurance, a New York-based commercial insurance marketplace to provide business owners with flood insurance.Brokers...

Insurance firm Beneva teams up with FINEOS to scale its life and disability claims...

Canadian insurance company Beneva has entered into a partnership with systems provider for life, accident and health insurers FINEOS Corporation to leverage its SaaS technology for simplified claims management processes and improved customer service.

SiriusPoint backs InsurTech Joyn to transform underserved US SME market

Global insurer SiriusPoint has stepped up efforts to digitalise small and mid-market commercial insurance sector by investing in InsurTech Joyn Insurance.

News Stories

The US insurance distribution ecosystem is one of the largest and most complex financial services networks in the world. Millions of licensed producers, tens of thousands of independent agencies, and a growing volume of licensing and compliance transactions all play a role in how insurance products reach customers.

What the latest data says about the US insurance producer landscape

The US insurance distribution ecosystem is one of the largest and most complex financial services networks in the world. Millions of licensed producers, tens...
Cover Genius, an embedded protection InsurTech, has partnered with Tongcheng Travel, an Asian online travel platform, to introduce embedded travel insurance for international customers in Malaysia and the Philippines.

Cover Genius expands Asia travel insurance footprint with Tongcheng Travel

Cover Genius, an embedded protection InsurTech, has partnered with Tongcheng Travel, an Asian online travel platform, to introduce embedded travel insurance for international customers...
Sixfold, an underwriting AI platform provider, has upgraded its AI Underwriting Brain with a new capability designed to capture and scale underwriting expertise across organisations.

Sixfold enhances underwriting AI with institutional knowledge engine

Sixfold, an underwriting AI platform provider, has upgraded its AI Underwriting Brain with a new capability designed to capture and scale underwriting expertise across...
Aviva, a UK insurance group, has expanded its AI-powered underwriting summarisation tool to individual critical illness applications, marking a further step in its use of generative AI across protection insurance.

Aviva rolls out AI-powered critical illness underwriting capability

Aviva, a UK insurance group, has expanded its AI-powered underwriting summarisation tool to individual critical illness applications, marking a further step in its use...
Zego secures $28m to expand telematics in Japan

Zego secures $28m to expand telematics in Japan

Zego, a UK-based digital motor InsurTech, has announced a strategic partnership with Sompo Holdings, one of Japan's largest insurance groups, as part of a...
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