Sector Updates

Artificial intelligence (AI) is having a profound impact on insurance underwriting, transforming long-established processes and significantly improving insurers’ capabilities. From improving risk assessment to tailoring offers and automating administrative functions, AI is enabling a new era of agility and competitiveness in the InsurTech space, as Earnix explains.

RYZE Claim Solutions, a national claims management provider, has acquired Acorn Claims, a Missouri-based firm known for its specialisation in daily and catastrophe claims services across the US.

EIS, a provider of the cloud-native SaaS core insurance platform OneSuite™ and an expanding suite of modular digital applications, has introduced AbsenceLink, a modern solution aimed at revolutionising how insurers and their employer clients manage disability and leave.

In an age where convenience is king, the insurance industry is shedding its clunky, paper-bound past for a sleeker, more intuitive future. Embedded insurance – coverage seamlessly woven into the purchase of products or services – is evolving into what experts call Embedded Insurance 2.0, a model so frictionless it’s almost invisible. By integrating policies into digital platforms like creator economies, vertical SaaS, and peer-to-peer services, insurers are meeting customers exactly where they are. This shift promises to democratise access, streamline claims, and redefine trust in an industry long plagued by complexity. However, those looking to leverage these advancements must navigate the delicate balance of automation, consent, and global scalability.

As personalisation becomes the heartbeat of modern consumerism, the insurance industry is the latest to embrace a radical reimagining of its role in our...

Chapter, a US-based Medicare navigation platform, has closed a $75m Series D funding round to bolster its mission of transforming retirement healthcare experiences.

Luma Financial Technologies, a FinTech company specialising in structured products and insurance solutions, has secured $63m in a Series C funding round.

Earnix, a global technology company offering intelligent decisioning SaaS solutions for regulated sectors such as insurance and banking, has unveiled a new tool aimed at transforming the regulatory rate filing process for insurers.

Pliant, a Berlin-based FinTech focused on modernising corporate card infrastructure, has acquired Vienna-based InsurTech hi.health to streamline and digitise outdated reimbursement workflows within the insurance sector.

Paris-based Klaimy, a French InsurTech startup focused on revolutionising medical document processing, has raised €1.2m in pre-seed funding to advance its AI-powered solutions for insurers.