Sector Updates

Global re/insurer SCOR has finalised a 15-year lease agreement for approximately 50,000 sq. ft of office space at 8 Bishopsgate, a prestigious London office building, in collaboration with Mitsubishi Estate London and Stanhope.

Blink Parametric, a leading Cork-based travel InsurTech and parametric solutions provider, has extended its partnership with MAWDY Ireland.

InsurTech industry experts are expecting the space to bounce back in 2024 after a drastic drop in deal activity last year.

Freeyou Insurance, a digital insurer from Germany, is joining forces with Akur8, an innovator in insurance pricing solutions.

Verisk, a global data analytics and technology provider, has successfully acquired prominent German-based InsurTech Rocket Enterprise Solutions GmbH.

hyperexponential, a global leader in pricing decision intelligence (PDI) software, has concluded a £73m Series B funding round which was funded by a host of major US Venture Capitalists (VCs).

InsurTech firm TNEDICCA, which specialises in auto insurance, has announced the appointment of a 30-year insurance veteran to its board.

The European InsurTech deals sector suffered a sharp downturn in fortune in 2023, but the United Kingdom (UK) remained the pre-eminent force on the continent.

InsurTech start-up Hourly.io has partnered with Origami Risk to bring automation and accelerated underwriting to their insurance platform.

Against the backdrop of rapid technological advancements and the evolving needs of the InsurTech landscape, hyperexponential hosted a meeting of the minds to discuss the future of underwriting. In a sector that has been chastised for its lack of mobility and agility in regard to change, the webinar discussed the possibility that it is now time to enter a new era – the age of Underwriting 3.0.