Sector Updates

David Whittaker joins Thomas Carroll Group as new COO

David Whittaker joins Thomas Carroll Group as new COO

Thomas Carroll Group, an independent insurance, risk, and WealthTech group, has recently appointed esteemed insurance broker, David Whittaker, as its Chief Operating Officer (COO).
PremFina and MyFirst join forces to drive young drivers insurance solutions

PremFina and MyFirst join forces to drive young drivers insurance solutions

PremFina, a premium finance provider, and MyFirst, a specialist in insurance for young drivers, have announced a new strategic partnership aimed at assisting young drivers in securing the right cover.
Assurant acquires iSmash, expanding UK's premier tech repair services

Assurant acquires iSmash, expanding UK’s premier tech repair services

Assurant, a global leader in lifestyle and housing solutions, today announced the strategic acquisition of iSmash, the UK’s top independent tech repair brand.
Oka secures $10m in groundbreaking funding for carbon credit InsurTech

Oka secures $10m in groundbreaking funding for carbon credit InsurTech

Oka, a pioneering force in the carbon credit insurance market, has recently heralded the successful closure of a substantial $10m funding round.
CrashBay raises $1.25m boost for collision repair network

CrashBay raises $1.25m boost for collision repair network

CrashBay, the first digital marketplace dedicated to transforming the collision repair industry, has successfully closed a funding round of $1.25m.
Navigating the hype: Is generative AI the future of InsurTech

Navigating the hype: Is generative AI the future of InsurTech

The buzz around Generative Artificial Intelligence (AI) in the insurance sector is undeniable. Each keynote, panel, and networking break at business conferences seem to...
The future of healthcare: How insurers are using technology to cut costs

The future of healthcare: How insurers are using technology to cut costs

Healthcare costs continue to be a major concern across the globe, with a slight dip projected in 2024, offering a glimmer of hope. dacadoo, a digital health technology platform that puts the customer engagement at the centre of business, recently explored how digital health technology can help insurers become 'affordability champions.' 
Descartes Labs acquires Geosite: A strategic move to revolutionise geospatial analytics

Descartes Labs acquires Geosite: A strategic move to revolutionise geospatial analytics

Descartes Labs, a trailblazer in geospatial analytics and artificial intelligence (AI), has announced its acquisition of Geosite, a renowned SaaS provider known for delivering cutting-edge geospatial intelligence solutions to property and casualty insurance companies.
NEXT Insurance unveils Copilot: Revolutionising the way agents serve micro businesses

NEXT Insurance unveils Copilot: Revolutionising the way agents serve micro businesses

NEXT Insurance, a pioneer in the FinTech sector, specializes in delivering comprehensive, digital-first insurance solutions tailored for small businesses. Founded in 2016 and headquartered in Palo Alto, NEXT Insurance has transformed the small business insurance landscape through innovative technology and customer-centric services.
Amwins and Boost Insurance innovate legal liability coverage with new technology-driven partnership

Amwins and Boost Insurance innovate legal liability coverage with new technology-driven partnership

Boost Insurance, a pioneer in the InsurTech sector, and Amwins Program Underwriters, a leading entity within Amwins’ Underwriting Division, have recently announced their collaboration. This...

News Stories

Leak detection technology has long been a staple across commercial buildings, data centres and critical infrastructure, helping organisations identify water ingress before it causes costly disruption. Traditional systems, particularly those using leak detection cables, have offered a relatively simple monitoring solution. However, these systems typically rely on fixed alert thresholds, which often fail to reflect the variability of real-world environments. As a result, while detection capabilities exist, their reliability has frequently been called into question.

Why traditional leak detection systems falter in real environments

Leak detection technology has long been a staple across commercial buildings, data centres and critical infrastructure, helping organisations identify water ingress before it causes...
The first wave of the InsurTech revolution has delivered significant innovation, but it has also left critical structural gaps unresolved. Over the past decade, the sector has made notable progress in areas such as digital distribution, API connectivity, embedded insurance, and the modernisation of agency management systems. However, beneath these advancements lies a growing concern, according to Producerflow.

InsurTech’s data gap threatens AI ambitions

The first wave of the InsurTech revolution has delivered significant innovation, but it has also left critical structural gaps unresolved. Over the past decade,...
Liberty Mutual has partnered with life insurance technology company Ethos to expand its direct-to-consumer life insurance offering in the US.

Ethos and Liberty Mutual team up to deliver fully digital life insurance

Liberty Mutual has partnered with life insurance technology company Ethos to expand its direct-to-consumer life insurance offering in the US. The collaboration will see Liberty...
Volkswagen Financial Services UK, the financial arm of the group, has appointed InsurTech firm Wrisk Transfer Limited as its preferred insurance provider for Volkswagen Commercial Vehicles.

VWFS UK selects Wrisk as preferred insurance partner for commercial vehicles

Volkswagen Financial Services UK, the financial arm of the group, has appointed InsurTech firm Wrisk Transfer Limited as its preferred insurance provider for Volkswagen...
Transamerica, a life insurer, has partnered with global reinsurer Swiss Re to modernise its claims experience.

Transamerica and Swiss Re collaborate on digital claims transformation

Transamerica, a life insurer, has partnered with global reinsurer Swiss Re to modernise its claims experience. The initiative will see Transamerica adopt Swiss Re’s PromiseXP...
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