Sector Updates

Aspen, a global specialty insurer and reinsurer, has announced an expansion of its partnership with Coalition, a leading Active Insurance provider, through the launch of Coalition Re.

Zurich Insurance Company has announced a host of new leadership appointments within its Asia-Pacific (APAC) commercial insurance division.

Sigo Seguros, a car insurance startup focused on underserved communities, has raised $10.5m in a Series A funding round.

Automation and artificial intelligence (AI) are transforming industries worldwide, and the insurance sector is no exception. For insurance companies, efficiently handling claims and processing large volumes of customer inquiries is a crucial aspect of maintaining customer satisfaction and operational excellence. As the volume of claims increases, insurers are under pressure to find solutions that not only streamline workflows but also improve accuracy and reduce response times. This is where companies like Simplifai can make a difference. 

As the insurance industry rapidly modernises, actuaries are becoming integral to shaping and executing strategic growth plans. With a focus on enhancing risk management, leveraging advanced technologies like AI, and optimising decision-making processes, actuaries are driving innovation across the landscape. Their expertise is crucial in adapting to industry changes and achieving long-term business objectives, underscoring their pivotal role in the future of insurance strategy.

Akur8, the next-generation insurance pricing solution, has announced its acquisition of Arius®, an award-winning property and casualty (P&C) reserving software.

MSIG Asia, a leading general insurance provider, has announced a new regional collaboration with Serenity Health Partners to transform the health insurance landscape.

Thatch, a health benefits startup, has raised $38m in a Series A funding round led by Index Ventures and General Catalyst.

Cogitate, a cloud-native provider of core policy, billing, and claims applications for the insurance sector, has partnered with One Inc to simplify the payment process for insurers and their policyholders.

Zurich Canada has announced the launch of its new Apprenticeship Program designed to nurture future leaders in the industry through innovative educational initiatives.