Sector Updates

Majesco, a leading provider of insurance technology solutions, has announced the launch of its highly anticipated Fall '24 Release, which features a host of innovations designed to redefine the insurance industry.

MoneyHero is set to leverage bolttech’s cutting-edge insurance exchange technology to power its newly launched car insurance platform and enhance the consumer experience across Greater...

Admiral Group, a leading UK-based insurance provider, has announced that Cristina Nestares will step down as CEO of its UK Insurance business.

Intersys, the leading UK-based provider of cyber risk management solutions, has announced it will be opening a dedicated office in London’s Leadenhall Market, to meet the growing cyber security demands of the UK insurance industry.

Berlin Direkt Versicherung, a leading German digital insurance provider, has partnered with Blink Parametric to launch a new travel insurance product bundle that will provide immediate assistance.

Specialist research firm FinTech Global has released its seventh annual InsurTech100 list, outlining some of the industry’s leading incumbents.   

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.