Insurers face worsening protection gaps as rate-driven growth proves unsustainable
Protection gaps across all lines of the insurance business are expected to widen through 2030, as insurers struggle with unsustainable rate-driven growth, according to new research by Bain & Company.
bolt launches Prevention Technology to help insurers reduce water-related losses
Singapore-based InsurTech bolt has launched a solution designed to help insurance carriers and Managing General Agents (MGAs) reduce water-related losses through real-time monitoring, automated policyholder engagement, and seamless system integration.
AI adoption in insurance: 82% of leaders prioritise AI, but deployment lags
82% of insurance leaders are prioritising AI adoption to enhance business performance, however many struggle to successfully deploy AI solutions at scale, according to new research.
Foliume raises $1m seed round to enhance AI-driven insurance distribution
Foliume, which specialises in automating insurance processes, has secured a $1m seed funding round led by Belgium-based venture fund Pitchdrive and Wayra, the investment arm of Telefónica.
AI-driven InsurTech FurtherAI secures $5m to expand into UK market
San Francisco-based InsurTech startup FurtherAI, which develops AI-powered assistants for the commercial insurance sector, has raised $5m in a funding round led by Nexus Venture Partners.
Assurant launches Vehicle Care Technology Plus for comprehensive protection
Assurant, a leading global protection company specialising in safeguarding connected devices, homes, and automobiles, has launched Assurant Vehicle Care Technology Plus, a market-leading vehicle service contract (VSC).
UK mortgage network HLPartnership adds three insurance providers to its GI panel
HLPartnership (HLP), one of the UK’s leading mortgage networks, has announced an expansion of its General Insurance (GI) panel.
Icen Risk gains Zurich backing to accelerate growth in M&A insurance market
London-based Icen Risk, a specialist in M&A insurance, has received a significant minority investment from Zurich, a leading global insurer.
MAPFRE Inmuebles welcomes new general manager amid expansion plans
MAPFRE, a global insurance giant, has named Carlos Díaz Gridilla as the new general manager of its real estate subsidiary, MAPFRE Inmuebles.
Monzo launches Contents Insurance to offer seamless protection for renters and homeowners
Monzo, a leading UK-based digital bank known for its customer-centric financial services, has announced the launch a new product designed to provide renters and homeowners with a seamless way to protect their belongings.
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