Sector Updates

Nearmap and itel join forces to streamline insurance claims and underwriting

Nearmap and itel join forces to streamline insurance claims and underwriting

Nearmap has announced the acquisition of itel, a move set to reshape the property insurance landscape by combining two trusted sources of underwriting and claims data.
Kayna expands with 13 new jobs and eyes UK and US insurance markets

Kayna expands with 13 new jobs and eyes UK and US insurance markets

Kayna, a fast-growing InsurTech based in Cork, has announced plans to create 13 new jobs as it prepares for a major push into the UK and US insurance markets.
King Risk Partners, a national insurance firm focused on strategic expansion, has acquired Fidens Insurance Brokers, an independent insurance agency based in Red Bank, New Jersey.

King Risk Partners acquires Fidens Insurance Brokers to bolster Northeastern US presence

King Risk Partners, a national insurance firm focused on strategic expansion, has acquired Fidens Insurance Brokers, an independent insurance agency based in Red Bank, New Jersey.
Scottish Widows, a leading life insurance and pensions provider and part of Lloyds Banking Group, has entered into a partnership with Sprout.ai to pilot artificial intelligence (AI) solutions that aim to transform the insurance claims and underwriting process.

Scottish Widows and Sprout.ai partner to fast-track life insurance claims using AI

Scottish Widows, a leading life insurance and pensions provider and part of Lloyds Banking Group, has entered into a partnership with Sprout.ai to pilot artificial intelligence (AI) solutions that aim to transform the insurance claims and underwriting process.
SafeWeb, a provider of AI-powered cyber security solutions for small businesses (SMBs), has formed a partnership with Chubb, a global leader in insurance, to enhance cyber resilience for SMEs through an all-in-one protection solution.

Chubb joins forces with SafeWeb to offer cyber insurance for small businesses

SafeWeb, a provider of AI-powered cyber security solutions for small businesses (SMBs), has formed a partnership with Chubb, a global leader in insurance, to enhance cyber resilience for SMEs through an all-in-one protection solution.
Previsico sounds alarm as most UK firms lack flood resilience plans

Previsico sounds alarm as most UK firms lack flood resilience plans

Fewer than 30% of UK businesses are ready to face the increasing threat of flooding linked to climate change, according to new findings from InsurTech firm Previsico.
Kota raises $14.5m to expand embedded insurance benefits platform

Kota raises $14.5m to expand embedded insurance benefits platform

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.

Conifer and Skyward Specialty partner to launch Cannabis Select for multi-state cannabis operators

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.

Quandri names Patrick Mulroy as head of strategy and partnerships to spearhead US expansion

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.

Parametrix unveils $2m embedded insurance product for EDR system failures

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.

News Stories

Acrisure's Auris AI targets insurance's data silos

Acrisure’s Auris AI targets insurance’s data silos

Acrisure, the global FinTech group spanning insurance, reinsurance, payroll, benefits, cybersecurity and real estate services across 19 countries, has launched Auris AI, an applied...
Agero, MOTER team up on connected claims

Agero, MOTER team up on connected claims

Agero, a digital driver assistance provider operating through its recently acquired Urgently platform, and MOTER Technologies (MOTER), an InsurTech firm that converts connected vehicle...

AXA expands AI agent hub with Publicis Sapient

AXA, the global insurance and asset management group, has entered into a strategic partnership with Publicis Sapient, a technology company specialising in enterprise AI...

intellectAI Insurance’s month of listening exposes wholesale broking’s data gap

IntellectAI has used its Broker Appreciation Month (BAM) campaign, which ran throughout July, to surface the operational friction still holding back wholesale insurance distribution,...
What music can teach insurance actuaries

Actuaries and music: a mathematical connection

Actuaries and musicians may work in very different fields, but both rely on patterns, interpretation and judgement. At Akur8, several actuaries say their experience with...
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