Sector Updates

The Earnix 2024 Industry Trends report revealed that nearly 75% of insurers have hundreds of rules embedded in their underwriting systems, with 18% stating they manage thousands. This overwhelming number of rules can complicate processes and impede efficiency. In response to these stark figures, Earnix is delving into how insurers can address these complexities and streamline their underwriting processes.

Olé Life, a leading Latin American InsurTech, has raised $13m in a Series B funding round led by PayPal Ventures.

Lazada, Southeast Asia’s leading eCommerce platform, and Peak3, a global leader in InsurTech, have announced a strategic joint venture (JV) aimed at creating the...

Africa Specialty Risks (ASR), the pan-African and Middle East-focused (re)insurance group, has launched Africa Specialty Risks Mauritius as a Lloyd’s service company.

Latin American InsurTech Olé Life, a fully digital life insurance platform, has raised $13m in a Series B funding round led by PayPal Ventures.

GBSAPRI Group has made two acquisitions to extend its presence across Italy and enter the Swiss market.

Managing insurance submissions is a challenging and time-consuming aspect of the underwriting process. IntellectAI has released a new whitepaper outlining how its Magic Submission...

Rainbow, a digitally-enabled managing general underwriter (MGU) specialising in small business insurance, has announced the close of an $8m Series A funding round.

Transamerica, a leading provider of life insurance, retirement, and financial protection solutions, has introduced a refreshed brand identity.

Mike Lloyd, the co-founder and former COO of Corvus Insurance, has launched Pine View Insurance Group, an independent agency specialising in high-net-worth insurance solutions.