Sector Updates

Unum Group, a prominent provider of financial protection benefits, has launched Unum Pet Insurance to round out its financial benefits coverage for employees and their families.

London-based InsurTech firm Eleos has successfully raised $4m in a seed funding round, as it eyes an expansion into the US market. 

Verita, a WTW subsidiary, has introduced a new workers’ compensation offering to enhance its portfolio of insurance products.

The American Association of Insurance Services (AAIS), a prominent organisation in the insurance industry, has welcomed reThought Flood to the AAIS Partner Program.

Co-op Insurance has partnered with Urban Jungle to launch a new renters product designed to provide better value and protection for renters.

Front Street Re (FSR), an international InsurTech and reinsurance company under Lexasure Financial Group Limited, has named Edison Fong as its new Chief Executive Officer (CEO).

In today’s dynamic landscape, traditional insurance models are often lagging behind newer digitalised solutions, leaving consumers and businesses vulnerable to gaps in coverage and cumbersome policy management. Enter embedded insurance: a forward-thinking solution seamlessly integrating insurance products into existing platforms and transactions, revolutionising the way we protect assets and mitigate risks. But why is it becoming increasingly indispensable in our modern world?

London Underwriters, a leading national insurance wholesale broker, and Foxquilt Insurance, a pioneer in digital insurance solutions for small businesses and individuals, have announced a strategic partnership.

Nottingham Building Society has partnered with Uinsure, a leading insurance technology firm, to provide seamless home insurance quotes to members in as little as 60 seconds.

Honeycomb, a leading digital insurer, has raised $36m in a Series B funding round in a bid to expand its insurance offerings.