Sector Updates

San Diego-based XILO, an InsurTech company providing quoting software for independent insurance agencies, has raised $7.2m in its latest Series A funding round.

Hiscox, a leading global specialist insurer, has launched a new Financial Institutions (FI) offering, significantly enhancing the range of cover available to businesses. The move...

Policy Expert, one of the UK’s leading personal lines insurers covering home, motor, and pet insurance, has appointed Mark Wilson as its new chair. The...

Trucordia, a leading insurance provider with a team of 5,000 professionals, has announced the acquisition of CADA Insurance Services’ insurance business, further strengthening its presence in Louisiana.

A recent report by Capgemini highlights that 62% of insurance executives acknowledge AI and machine learning as crucial for enhancing underwriting quality and reducing fraud. However, only 43% of underwriters consistently trust predictive analytics recommendations. This discrepancy raises an essential question: how can AI truly transform underwriting, and what trends are driving its adoption in the InsurTech industry? Custom software development company Symfa investigates.

Skipton Building Society has announced a new partnership with Uinsure, an award-winning InsurTech provider, to offer more accessible, affordable, and streamlined home insurance for its members.

Brooks Insurance, a nationally recognised wholesale insurance brokerage, has announced the appointment of Tiffani Ann Garabedian as senior vice president of underwriting, effective immediately.

Clearcover, a digital-first InsurTech company focused on modernising car insurance, has announced the launch of Clearcover General Agency (CGA) to serve the non-standard auto insurance market in Texas.

Home insurance startup Openly, which specialises in distributing policies through independent agents, has secured $193m in a growth financing round to fuel its expansion...

Alta Signa has added Westfield Specialty International to its insurance capacity panel, enhancing its ability to underwrite Directors & Officers (D&O) and Financial Institutions (FI) risks across the European Economic Area (EEA) and Switzerland.