Sector Updates

MAPFRE has become the latest insurer to join Blue Marble, an impact-driven InsurTech backed by a global consortium of major insurance organisations that design and scale climate resilience solutions for vulnerable communities.

MAPFRE invests in Blue Marble to expand climate protection

MAPFRE has become the latest insurer to join Blue Marble, an impact-driven InsurTech backed by a global consortium of major insurance organisations that design...
Engage People and Medibank boost health rewards

Engage People and Medibank boost health rewards

Engage People has extended its strategic partnership with Medibank, one of Australia’s largest health insurers, to enhance its digital loyalty and rewards offering.
Assurant launches HOIVerify to automate mortgage insurance

Assurant launches HOIVerify to automate mortgage insurance

Assurant has introduced a new product aimed at transforming insurance verification in the mortgage lending process.
Applied Systems acquires Cytora to expand AI in insurance

Applied Systems acquires Cytora to expand AI in insurance

Applied Systems has acquired Cytora, a digital risk processing platform for the insurance sector, in a move aimed at strengthening its artificial intelligence (AI) capabilities.
Paid leave provider Parento secures $5.9m seed funding

Paid leave provider Parento secures $5.9m seed funding

Parento, a US-based provider of parental leave insurance and support services, has raised $5.9m in a Seed II funding round to expand its offering to businesses of all sizes.
KYND, a cyber risk management FinTech, has partnered with DUAL, a leading global MGA, to enhance cyber insurance solutions worldwide.

DUAL teams up with KYND to enhance cyber insurance solutions

KYND, a cyber risk management FinTech, has partnered with DUAL, a leading global MGA, to enhance cyber insurance solutions worldwide. The partnership will integrate...
Earnix, a global leader in dynamic AI for insurance and banking, has raised $290m in a single-asset Continuation Vehicle led by TPG GP Solutions in partnership with JVP, the venture capital firm that initially backed the company.

Earnix raises $290m to expand AI insurance platform

Earnix, a global leader in dynamic AI for insurance and banking, has raised $290m in a single-asset Continuation Vehicle led by TPG GP Solutions...
Kin, a Chicago-based digital home insurance provider, has completed an oversubscribed $50m Series E round, to continue its expansion across the United States.

Digital insurer Kin bags $50m Series E

Kin, a Chicago-based digital home insurance provider, has completed an oversubscribed $50m Series E round, to continue its expansion across the United States. The  tranche...
Sedgwick, the global leader in risk and claims administration with more than 33,000 employees serving 10,000 clients across 80 countries, has announced the appointment of Vishy Padmanabhan as its first chief transformation officer.

Sedgwick appoints Vishy Padmanabhan as chief transformation officer

Sedgwick, the global leader in risk and claims administration with more than 33,000 employees serving 10,000 clients across 80 countries, has announced the appointment...
Quantiphi, an AI-first digital engineering company, and Amazon Web Services (AWS) have expanded their Strategic Collaboration Agreement (SCA) to accelerate enterprise-ready generative AI solutions.

AWS deepens collaboration with Quantiphi on generative AI

Quantiphi, an AI-first digital engineering company, and Amazon Web Services (AWS) have expanded their Strategic Collaboration Agreement (SCA) to accelerate enterprise-ready generative AI solutions. The...

News Stories

TPG-backed Third Wave broadens regional brokerage reach

TPG-backed Third Wave broadens regional brokerage reach

Third Wave Insurance, the retail insurance brokerage platform backed by global alternative asset manager TPG, has agreed to acquire five insurance and advisory firms...
Why Cover Genius snapped up Berlin's Friendsurance

Why Cover Genius snapped up Berlin’s Friendsurance

Cover Genius, the embedded protection infrastructure firm, has bought Berlin-based InsurTech Friendsurance, deepening its footprint in European bancassurance and reinforcing its reach across Germany,...
Mapfre takes 38.9% stake in InsurTech Tuio

Mapfre takes 38.9% stake in InsurTech Tuio

Mapfre, the insurance group, has agreed to take a holding in Tuio, a specialist digital insurance distributor built on advanced technology and a mature...
Verisk deepens event response with MIS acquisition

Verisk deepens event response with MIS acquisition

Verisk, a strategic data analytics and technology partner serving the global insurance sector, has completed the purchase of McKenzie Intelligence Services (MIS), a firm...
Ominimo reaches $1.6bn valuation with AI motor insurance

Ominimo reaches $1.6bn valuation with AI motor insurance

Ominimo, a Budapest-based InsurTech using AI and advanced data analytics to transform motor insurance, has secured $22.5m in Series B funding at a $1.6bn valuation,...
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