Sector Updates

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.

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.