InsurTech

Penni.io said to bag €2m in funding from angels

Penni.io, which helps insurance providers sell policies online, has reportedly collected €2m from angel investors.
In the ever-evolving landscape of banking, financial services, and insurance (BFSI), a groundbreaking movement is underway, poised to revolutionise traditional operations and service delivery. At the forefront of this transformation is Intelligent Process Automation (IPA) – a pioneering blend of Artificial Intelligence (AI) and advanced process automation technologies. IPA is not merely an incremental improvement; it represents a paradigm shift, specifically engineered to automate written inquiries. InsurTech firm Simplifai investigates this pioneering technology. 

India’s Paytm gets its insurance brokerage license

Payment giant Paytm has received a new insurance brokerage license from India’s Insurance Regulatory and Development Authority.

Setoo to offer ski insurance through Issta new partnership

Setoo, an online insurance and protection service, is supplying ski holiday insurance solutions in partnership with travel agency Issta.

InsurTech Zego secures French broker licence to avoid Brexit fallout

French regulator ORIAS has given London-based InsurTech Zego a French insurance broker licence.

Eight FinTech and RegTech companies you missed at Sthml Fintech Week

From: RegTech Analyst The Nordics’ FinTech scene is buzzing with potential, which was evident by the trailblazing companies recently attending Sthlm Fintech Week. The Stockholm event was full...

Anthemis announces new $90m InsurTech-focused fund

Venture capital investor Anthemis is doubling down on its efforts to help entrepreneurs revolutionise the financial industry with its new InsurTech-focused fund.

“Someone was going to change the rules” – How Insurtech Gateway became an incubator...

Insurtech Gateway has quickly made a name for itself as a champion for early-stage InsurTech startups since the launch in 2017, but the incubator’s...

Tractable scored $25m in its Series C round as it eyes new markets

Tractable, which develops AI solutions for accident and disaster recovery, has collected $25m in its Series C round which was led by Georgian Partners.

Aventus collects £2.6m in its funding round to help scale operations

Aventus, a B2B digital insurance platform, has collected £2.6m in its funding round which will be used to scale up the business.

Covered Insurance Solutions receives a strategic investment

Digital agency Covered Insurance Solutions has received a strategic investment from Radian Group, a provider of mortgage insurance and other related services.

News Stories

Wellness programmes have become an increasingly common feature in life insurance offerings. Many insurers launch digital health initiatives with strong internal support and early customer interest. Yet maintaining engagement over time remains a persistent challenge.

Why life insurers struggle to sustain wellness programme engagement

Wellness programmes have become an increasingly common feature in life insurance offerings. Many insurers launch digital health initiatives with strong internal support and early...
INSTANDA has launched INSTANDA MAX, a new ‘underwriter-first’ capability designed to help commercial and non-admitted insurers underwrite tens of thousands of complex assets within a single policy in real time.

INSTANDA introduces MAX to scale commercial underwriting with AI

INSTANDA has launched INSTANDA MAX, a new ‘underwriter-first’ capability designed to help commercial and non-admitted insurers underwrite tens of thousands of complex assets within...
Acrisure has acquired technology-driven managing general agent Vave from Canopius Group, strengthening its position in the US insurance market and expanding its data-led underwriting capabilities.

Acrisure strengthens E&S underwriting with Vave acquisition

Acrisure has acquired technology-driven managing general agent Vave from Canopius Group, strengthening its position in the US insurance market and expanding its data-led underwriting...
Talanx AG has raised €1bn through a dual bond issuance aimed at strengthening its capital structure and supporting long term financial flexibility.

Talanx lands €1bn through dual bond issuance

Talanx AG has raised €1bn through a dual bond issuance aimed at strengthening its capital structure and supporting long term financial flexibility. The financing consists...
UK insurer Covéa is overhauling how it manages fraud and risk across the insurance lifecycle, selecting Shift Technology as a long-term strategic partner to support a new end-to-end approach spanning underwriting, claims and mid-term policy adjustments.

Covéa adopts Shift AI to unify underwriting and claims risk

UK insurer Covéa is overhauling how it manages fraud and risk across the insurance lifecycle, selecting Shift Technology as a long-term strategic partner to...
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