Sector Updates

Turkish President Recep Tayyip Erdogan and Greek Prime Minister Kyriakos Mitsotakis have joined forces in an agreement aimed at broadening their connections across various industries, notably within the reinsurance sector. 

Mulberri, an innovative AI-driven embedded business insurance platform, has recently successfully closed its Series A funding round.

A hard reinsurance market, though challenging, brings forth a unique opportunity for innovation and growth. Amidst the largest capital squeeze in reinsurance since 2008, the market faces reduced capacity, intensifying the need for fast, responsive, and precise pricing strategies as pivotal drivers of growth. Solutions such as Hyperexponential‘s hx renew are attempting to redefine this space, enabling effective pricing strategies and take ownership of the market.

Pen Underwriting, a notable player in the insurance sector, has welcomed Megan Jones as their new capacity relationship manager, effective 2 January 2024.

A group of leading companies have published an open letter to the insurance industry announcing the launch of the InsurTech Coalition.

American International Group, Inc. (AIG) has successfully concluded its secondary offering of Corebridge Financial, Inc. (CRBG) shares, generating approximately $712m.

Ushur, a leader in AI-powered customer experience automation (CXA), has achieved the International Standards Organisation (ISO) 27001 certification.

London-based InsurTech Novidea has revealed that it will be expanding into the Southeast Asian market.

dacadoo, a Swiss-based InsurTech focused on health scoring and lifestyle navigation, has teamed up with bEHR Health Systems, which focuses on increasing health literacy among African Americans.

Novidea has announced a new senior vice president of product in a bid to drive the strategic direction of its market-leading insurance management platform.