Sector Updates

Kota, an Irish InsurTech firm transforming how businesses deliver employee benefits, has secured $14.5m in Series A funding.

Conifer Insurance Services, a specialist insurance provider focused on niche markets, has partnered with Skyward Specialty Insurance Group, a commercial P&C insurer with a strategy centred around niche underwriting, to launch a new insurance programme called Cannabis Select.

Quandri, an AI-driven InsurTech firm focused on modernising personal lines renewals for insurance agencies, has announced the appointment of Patrick Mulroy as head of strategy and partnerships.

Parametrix, a pioneer in digital business interruption insurance, has launched a new embedded coverage programme aimed at safeguarding businesses from disruptions triggered by endpoint security failures.

Cytora, a digital risk processing platform helping insurers streamline underwriting, has announced a new partnership with Aisix Solutions to enhance insurers' ability to assess and manage wildfire risk.

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.