InsurTech

What will the biggest trends in InsurTech be in 2021?

With the year coming to an end, it is time to look ahead into 2021 and predict where the market is headed.

InsurTech startup LifeRaft said to close seed round on $3.5m

LifeRaft, which offers a digital platform for health insurance, has reportedly collected $3.5m in a seed funding round.

Revealing the ten biggest FinTech funding rounds in 2020

Massive amounts of capital have been injected into the FinTech industry in 2020, but ten companies raised bigger rounds than the rest.

Revolut teams up with InsurTech Qover to fully redesign its insurance offering across Europe

UK challenger bank Revolut has inked a partnership with InsurTech Qover to launch of Revolut's fully upgraded plans together.

InsurTech100 company Novidea forms partnership with Harbour Underwriting to improve customer experiences

Insurance software developer Novidea will deploy its end-to-end platform into managing general agent (MGA) Harbour Underwriting as part of a new partnership.

InsurTech company Bestow closes its second funding this year

Bestow, a full-stack digital life insurance platform, has closed its Series C round, just months after it closed its Series B.

Banks beat insurance companies when it comes to apps

Banks are better at building apps than insurers, according to new research from digital transformation company Mobiquity.

Zego bags licence to protect it from the Brexit fallout

Mobility insurance provider Zego claims to have become the first UK InsurTech to secure a European broking licence, ensuring its European expansion plans post Brexit in the process.

South African insurer Gen Re launches insurance for mental health

South African global reinsurer Gen Re is launching a new behavioural economics-based insurance policy for mental health.

Can London become a leader in cyber insurance?

Given the rise of hack attacks during the pandemic, it's hardly surprising that the need for cyber insurance is skyrocketing. Now, London may make a move to become a leader in the industry.

News Stories

Baldwin Group’s Azimuth Re targets top contractors

The Baldwin Group, a NASDAQ-listed independent insurance brokerage and advisory firm, has launched Azimuth Re, Ltd., a new member-owned group captive developed in partnership...
KatRisk

KatRisk acquires RED to boost catastrophe modeling

KatRisk, a provider of catastrophic risk modelling software for the insurance and financial services industries, has acquired RED, a specialist catastrophe model provider covering...

How reinsurers can demonstrate AML effectiveness

The reinsurance markets in the Cayman Islands and Bermuda represent one of the offshore financial world’s genuine success stories. Capital flows into these jurisdictions on the back of regulatory credibility, and as the markets have grown, so too has regulatory scrutiny.
PremFina lands £100m funding boost from Waterfall

PremFina lands £100m funding boost from Waterfall

PremFina, the UK's fastest-growing insurance premium finance provider, has expanded its junior capital facility with Waterfall Asset Management to £100m, upsizing and extending the...
Cytora and VulnCheck partner to sharpen cyber underwriting

Cytora and VulnCheck partner to sharpen cyber underwriting

Commercial insurers are set to gain a sharper view of cyber risk at the point of underwriting, following a new partnership between Cytora, the...
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