Sector Updates

Markel has partnered with mea Platform to enhance the accuracy of its underwriting procedure by utilising Machine Learning (ML).

Markel partners with mea to boost underwriting procedure with machine learning

Markel has partnered with mea Platform to enhance the accuracy of its underwriting procedure by utilising Machine Learning (ML).
Martello Re Limited, an asset-intensive reinsurer, has successfully closed a second round of equity funding, raising $935m from both existing and new shareholders.

Asset-intensive reinsurer Martello Re secures $935m in equity funding round

Martello Re Limited, an asset-intensive reinsurer, has successfully closed a second round of equity funding, raising $935m from both existing and new shareholders.
Carbon Underwriting Limited, a specialist and independent managing general underwriter, announces the launch of its second syndicate, Syndicate 5757, following approval from Lloyd’s.

Carbon Underwriting launches innovative Syndicate 5757 with Lloyd’s approval

Carbon Underwriting Limited, a specialist and independent managing general underwriter, announces the launch of its second syndicate, Syndicate 5757, following approval from Lloyd’s.
The Microinsurance Network (MiN), a non-profit association, has announced the appointment of Matthew Genazzini as its new executive director, effective 1 October 2024.

Microinsurance Network appoints Matthew Genazzini as new executive director

The Microinsurance Network (MiN), a non-profit association, has announced the appointment of Matthew Genazzini as its new executive director, effective 1 October 2024.
Akur8 and Mutual Capital Analytics partner to revolutionize insurance pricing with AI

Akur8 and Mutual Capital Analytics partner to revolutionize insurance pricing with AI

Akur8 and Mutual Capital Analytics have announced a strategic partnership aimed at transforming insurance pricing through advanced, AI-driven technologies. Akur8 is renowned for its innovative...
London-based InsurTech, Wrisk, has announced a 219% year-on-year revenue growth in H1 2024.

London-based InsurTech Wrisk sees remarkable 219% YoY revenue growth in H1

London-based InsurTech, Wrisk, has announced a 219% year-on-year revenue growth in H1 2024.
Floodbase, a leading provider of flood analytics and data solutions, has announced the launch of its rapid flood response data product.

Floodbase launches rapid flood response data product for real-time disaster management

Floodbase, a leading provider of flood analytics and data solutions, has announced the launch of its rapid flood response data product.
Plum, one of India’s leading InsurTech platforms, has launched Plum Perks, a comprehensively curated suite for healthcare and wellness benefits for employees.

Plum launches suite to provide comprehensive healthcare benefits for employees

Plum, one of India’s leading InsurTech platforms, has launched Plum Perks, a comprehensively curated suite for healthcare and wellness benefits for employees.
One Inc, the leading digital payments network for the insurance industry, has announced that Selective Insurance, a prominent business, home, and auto insurer, has selected its ClaimsPay® digital payment solution.

Selective Insurance and One Inc partner to revolutionise claims payment process

One Inc, the leading digital payments network for the insurance industry, has announced that Selective Insurance, a prominent business, home, and auto insurer, has selected its ClaimsPay® digital payment solution.
Cytora, the leading digital risk processing platform, has partnered with Gamma Risk to help insurers map out commercial property risk assessment.

Cytora and Gamma Risk partner to enhance commercial property risk evaluation for insurers

Cytora, the leading digital risk processing platform, has partnered with Gamma Risk to help insurers map out commercial property risk assessment.

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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