Sector Updates

Starwind Specialty Insurance Services, a subsidiary of TIH, has partnered with Stone Point Credit to launch Fractal Re, a newly formed collateralised reinsurer.

US-based InsurTech managing general agent, Ledgebrook, has secured $17m in a Series B funding round.

Rising delinquencies across all consumer lending lines have become a significant concern, as highlighted by the Q2 2024 Quarterly Credit Industry Insights Report (CIIR) from TransUnion. This uptick in defaults, alongside intensifying competition, shrinking profit margins, and increasing financial pressures, is pushing lenders to reassess their pricing and credit risk strategies. 

In today’s dynamic retail environment, acquiring new customers is more challenging and essential than ever. Simply increasing spending isn’t enough—success depends on balancing customer growth with effective cost management. Zurich-based technlogy firm dacadoo delves into seven strategies that can help retailers achieve this balance while keeping Customer Acquisition Costs (CAC) in check.

Lockton, the world's largest privately-owned insurance brokerage, has announced the launch of Lockton Pulse, a groundbreaking digital insurance offering designed for SMEs and individuals across Australia.

Adaptive Insurance has unveiled an innovative parametric insurance platform which aims to revolutionise how businesses manage and mitigate the risks associated with power outages. The...

S-RM, has announced the appointment of Kelly McManus as the new global business development lead, insurance and legal, as part of its expanding cyber security offering.

Verisk has announced the U.S. launch of Whitespace, an all-in-one platform designed to transform operations for brokers, underwriters, and managing general agents (MGAs) in the global (re)insurance market.

Coalition, the world’s first Active Insurance provider focused on mitigating digital risks, has announced the appointment of Tine Simonsen as its new head of insurance for continental Europe.

Whatfix, a global leader in digital adoption platforms (DAPs), has secured $125m in its Series E funding round, as it looks to expand its product suite.