Sector Updates

AutoComplete, a firm which helps car dealerships offer insurance to their customers, has closed a financing round.

AutoComplete secures funding to enhance insurance solutions

AutoComplete, a firm which helps car dealerships offer insurance to their customers, has closed a financing round.
Tokio Marine HCC – Cyber & Professional Lines Group (CPLG), part of the Tokio Marine HCC family of companies based in Houston, Texas, has announced strategic changes to its Professional Lines leadership team.

Tokio Marine HCC enhances leadership team

Tokio Marine HCC – Cyber & Professional Lines Group (CPLG), part of the Tokio Marine HCC family of companies based in Houston, Texas, has announced strategic changes to its Professional Lines leadership team.
Emerald Bay Risk Solutions, a collaborative underwriting carrier, and Curotech Specialty, a technology-enabled managing general agent, have announced a strategic partnership to launch an excess & surplus commercial property programme.

Emerald Bay and Curotech partner to revolutionise commercial property insurance

Emerald Bay Risk Solutions, a collaborative underwriting carrier, and Curotech Specialty, a technology-enabled managing general agent, have announced a strategic partnership to launch an excess & surplus commercial property programme.
Optalitix, the specialist insurance and finance software provider, has announced a new partnership with Spring Finance to provide an innovative mortgage origination platform.

Spring Finance selects Optalitix for innovative mortgage origination platform

Optalitix, the specialist insurance and finance software provider, has announced a new partnership with Spring Finance to provide an innovative mortgage origination platform.
As we step into the second half of 2024, the InsurTech landscape is poised for significant advancement. Emerging technologies such as AI, machine learning, and large language models are set to revolutionise risk assessment, underwriting, and customer experiences. Meanwhile, there is a growing emphasis on ESG considerations bubbling up under the surface.

The key InsurTech trends to look out for in H2 – part one

As we step into the second half of 2024, the InsurTech landscape is poised for significant advancement. Emerging technologies such as AI, machine learning, and large language models are set to revolutionise risk assessment, underwriting, and customer experiences. Meanwhile, there is a growing emphasis on ESG considerations bubbling up under the surface.
Zurich Australia, a leading insurance provider, has announced a partnership with Tesla to become the preferred electric vehicle insurance provider for Tesla customers in Australia.

Zurich Australia partners with Tesla to provide exclusive electric vehicle insurance

Zurich Australia, a leading insurance provider, has announced a partnership with Tesla to become the preferred electric vehicle insurance provider for Tesla customers in Australia.
Renaissance Life & Health Insurance Company of America is enhancing its group insurance offerings with an innovative supplemental health solution.

Renaissance unveils new supplemental health insurance powered by Ansel Health

Renaissance Life & Health Insurance Company of America is enhancing its group insurance offerings with an innovative supplemental health solution.
Scanning inverted barcodes may seem like a complex process, but modern technology has made it manageable. Barcode scanners, especially camera-based ones, have sophisticated methods to identify and decode inverted barcodes accurately. The key lies in the quiet zone surrounding the barcode and the start and stop patterns inherent in 1D barcodes, as Scanbot SDK explains.

The technology behind scanning inverted barcodes: A comprehensive guide

Scanning inverted barcodes may seem like a complex process, but modern technology has made it manageable. Barcode scanners, especially camera-based ones, have sophisticated methods...

Wisedocs bags $4.5m from CIBC to streamline insurance claim reviews with AI

Wisedocs, an innovative leader in the InsurTech sector, recently received a significant financial boost. CIBC Innovation Banking has extended $4.5m CAD in growth capital...
BNP Paribas is in exclusive negotiations to acquire 100% of AXA Investment Managers, AXA‘s asset management arm, for €5.1bn.

BNP Paribas in negotiations to acquire AXA Investment Managers for €5.1bn

BNP Paribas is in exclusive negotiations to acquire 100% of AXA Investment Managers, AXA‘s asset management arm, for €5.1bn.

News Stories

Producer licensing is one of those parts of insurance that tends to stay in the background until it starts slowing everything else down. As carriers expand their agent networks, the process of onboarding producers, managing appointments, and maintaining compliance records often still depends on fragmented systems and manual intervention.

Fixing the producer bottleneck in insurance distribution

Producer licensing is one of those parts of insurance that tends to stay in the background until it starts slowing everything else down. As...
Simply Business, a digital insurance marketplace, has launched a business insurance app on ChatGPT in the US, alongside a separate rollout in the UK.

Simply Business brings small business insurance pricing into ChatGPT

Simply Business, a digital insurance marketplace, has launched a business insurance app on ChatGPT in the US, alongside a separate rollout in the UK. The...
Cytora, a digital risk processing platform, has announced a strategic relationship with LexisNexis Risk Solutions to embed advanced data and analytics into its platform for US commercial insurers.Cytora, a digital risk processing platform, has announced a strategic relationship with LexisNexis Risk Solutions to embed advanced data and analytics into its platform for US commercial insurers.

Cytora partners LexisNexis to enhance US commercial underwriting

Cytora, a digital risk processing platform, has announced a strategic relationship with LexisNexis Risk Solutions to embed advanced data and analytics into its platform...
INSTANDA, a no-code insurance platform provider, has partnered with DataCrest, a workflow solutions firm, to enhance submission intake and quoting efficiency for insurers and MGAs.

INSTANDA and DataCrest team up to streamline insurance submissions

INSTANDA, a no-code insurance platform provider, has partnered with DataCrest, a workflow solutions firm, to enhance submission intake and quoting efficiency for insurers and...
Openly, a tech-enabled homeowners insurance provider, has secured a growth investment round led by existing investors Eden Global Partners, Advance Venture Partners and Gradient, with strategic participation from Allianz X.

Openly boosts expansion plans with funding and Allianz Re deal

Openly, a tech-enabled homeowners insurance provider, has secured a growth investment round led by existing investors Eden Global Partners, Advance Venture Partners and Gradient,...
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