Sector Updates

Acrisure, the global FinTech firm offering AI-driven financial services, has secured $2.1bn through a new capital raise backed by several major investors, bolstering its plans to grow internationally and enhance its platform.

Sophos, a global cybersecurity firm, has partnered with UK-based specialist insurance broker Capsule to simplify and enhance access to cyber insurance for businesses using Sophos’ solutions via managed service providers (MSPs).

UK-based insurer Policy Expert has joined forces with GoCardless to simplify the payment process for its pet insurance line.

Managing general agents (MGAs) have long served as agile connectors between traditional insurers and niche market segments. However, they now face a market shaped by constrained capacity, economic instability, and increased carrier oversight. To protect their delegated authority and secure future growth, MGAs must look beyond pricing reform and invest in evolving underwriting, according to Earnix.

RIIG – HOOTL, a provider of AI-powered cybersecurity and health tech solutions, has raised a new round of funding from investors in the United Arab Emirates, marking a key milestone in the company’s international expansion.

Zurich Financial Services Australia, the Australian arm of the global insurance giant Zurich Insurance Group, has announced the appointment of James Garrett as head of small and medium enterprises (SME) for general insurance in Australia & New Zealand.

Aon has expanded its collaboration with Moody’s Insurance Solutions to enhance product innovation in the casualty re/insurance sector and reduce latency and accumulation risk.

Acera Insurance, a Canadian-owned and employee-controlled insurance brokerage, has appointed Hugh Watt as its new chief operating officer.

Developing a successful insurance product is no small feat. It takes more than a great idea, it demands detailed planning, seamless collaboration across departments, and the ability to make smart decisions, often with limited data. When executed properly, a strong pre-launch strategy sets the stage not only for a smooth rollout but also for long-term sustainability in an increasingly competitive InsurTech landscape, according to Edwin Graham, Principal Actuarial Data Scientist at Akur8.

One Inc, a leading digital payments network focused on the insurance industry, has partnered with AAA Life Insurance Company, a provider of life insurance and annuity products and a member of the AAA group of companies.