Sector Updates

Everest Insurance, a leading global insurance provider, has officially launched its operations in Australia after receiving approval from the Australian Prudential Regulation Authority.

FloodFlash, a leading provider of parametric flood insurance solutions, has recently launched its Dealer Open Lot program in response to the urgent need to support US businesses, particularly auto dealers, facing the looming threat of severe flooding during the upcoming hurricane season.

KYND Limited, a frontrunner in cyber risk management, has unveiled the outcomes of the Cyber Insurance Survey 2024 in collaboration with Intelligent Insurer.

In 1974, a landmark moment in retail occurred when Wrigley’s gum was scanned at an Ohio supermarket, introducing barcodes as a cornerstone of modern commerce. Since then, barcodes have evolved into indispensable tools, driving both customer satisfaction and operational efficiency. As retail ventures further into the future, emerging technologies like augmented reality (AR) are converging with traditional barcode systems, heralding a transformative era in consumer interaction and inventory management. Scanbot SDK delves into the evolution of barcode scanners. 

Go Digit General Insurance, a leading InsurTech unicorn backed by major investors,  has launched its initial public offering (IPO) to raise funds for strengthening its solvency ratio and capital reserves.

Mercury Insurance has partnered with Tokio Marine America (TMA) have partnered to ease the transition of customers from TMA and its subsidiary, Trans Pacific Insurance Company (TPIC), customers to Mercury Insurance. 

InsurTech leader Kalepa is set to enhance underwriting efficiency and excellence across Paragon's Workers' Compensation, Specialty Property, Small Construction and Contractors, and Auto Dealers programs through a new partnership.

CoverTree, a pioneering InsurTech firm specialising in manufactured home insurance solutions, has announced the completion of a $13m Series A funding round.

Broker Insights has launched a tool designed to improve efficiency for insurers by predicting the likelihood of winning business opportunities, empowering them to make informed decisions.

Back Market, a prominent marketplace for verified refurbished technology, partners with bolt, an industry leader in the InsurTech sector operating the largest technology-enabled P&C insurance exchange in the country.