Sector Updates

AI

IntellectAI breaks new InsurTech ground with AI-powered loss run extraction

IntellectAI has recently announced the launch of a new technology which may have the potential to revolutionize the insurance industry.
Aviva has announced the acquisition of Probitas 1492 in a £242m deal, as it looks to expand its presence in the Lloyd’s market.

Aviva to enter Lloyd’s market through £242m Probitas acquisition

Aviva has announced the acquisition of Probitas 1492 in a £242m deal, as it looks to expand its presence in the Lloyd’s market.
KYND

KYND launches exposure management solution for cybersecurity insurers

KYND, a cyber risk management company, has unveiled its latest innovation: a new Exposure Management solution.
Hellas Direct secures €30m in funding, paves the way for European expansion

Hellas Direct secures €30m in funding, paves the way for European expansion

Greek FinTech Hellas Direct, a pioneering force in the InsurTech industry, has successfully completed a funding round, securing €30m.
PoloWorks and PwC UK forge strategic InsurTech alliance to revolutionise insurance services

PoloWorks and PwC UK forge strategic InsurTech alliance to revolutionise insurance services

PoloWorks, a pivotal entity within the Marco Capital Group, has joined forces with PwC UK to announce the initiation of PoloPartners. The inception of PoloPartners...
Novidea and Atlantic Global Risk unite to revolutionise insurance management

Novidea and Atlantic Global Risk unite to revolutionise insurance management

Atlantic Global Risk, a forward-thinking specialty insurance broker that specialises in crafting complex insurance solutions for legal, tax, and credit risks, has announced its...
How Ushur is levelling-up customer experience processes 

How Ushur is levelling-up customer experience processes

It is no secret that the customer experience is one of the biggest modern battlegrounds for business. Despite this, many companies still fail to offer end-to-end streamlined experiences. Ushur was designed to change this.  
bolt and WorldTrips partner to offer first-ever device protection

bolt and WorldTrips partner to offer first-ever device protection

bolt, an InsurTech pioneer with the largest technology-enabled insurance exchange in the country, has joined forces with WorldTrips, a comprehensive travel insurance provider. This collaboration...
Coverdash secures $13.5m in Series A to enhance embedded insurance

Coverdash secures $13.5m in Series A to enhance embedded insurance

Coverdash, a pioneering InsurTech firm focused on startups and small and medium-sized businesses (SMBs), has successfully raised $13.5m in Series A funding.
Digisure, a prominent InsurTech startup recognised for its innovative Protection-as-a-Service platform, has officially ceased operations as of last Friday.

InsurTech Digisure closes its doors

Digisure, a prominent InsurTech startup recognised for its innovative Protection-as-a-Service platform, has officially ceased operations as of last Friday.

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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