Sector Updates

Pacific Life Re, a key player in the global reinsurance industry, has implemented strategic changes in its organisational structure to enhance client support and achieve ambitious growth objectives.

Microinsurance provider MIC Global has successfully raised $6 million in a seed funding round, with Launchpad Capital leading the investment. 

AVLA, a prominent provider of surety and trade credit solutions, has successfully secured $25m in funding from a host of distinguished investors.

In the rapidly evolving landscape of financial technology, the decision to deploy infrastructure either on-premises or in the cloud has become a critical choice for organisations. The preferences often vary based on factors such as operational needs, financial considerations, and overall business strategy. Software development company Symfa explores the reasons behind the growing trend of opting for on-premises data centres.

Munich Re has strengthened its executive team with the appointment of Jeff Marks as the Chief Operating Officer (COO) for Munich Re Specialty Insurance (MRSI).

Allianz Direct, a subsidiary of the German insurance giant Allianz, is reportedly on the brink of acquiring the beleaguered French InsurTech Luko for approximately €5m.

Porch Group, Inc. has received $25m following its entry into a strategic business collaboration agreement with Aon.

75% of key decision-makers in the healthcare, insurance, and financial services industries are now "comfortable" incorporating AI and automation into customer-facing strategies or communications, according to research from Customer Experience Automation™ (CXA) pioneer Ushur.

The insurance sector, traditionally slow in embracing modernisation, is progressively adopting programming languages to refine workflows and bolster decision-making capabilities. Among these, Python has...

UK InsurTech companies saw their funding double in 2023 compared to the previous year, defying global trends from across the sector.