Sector Updates

Clearcover, a next-generation insurance company, has partnered with ServiceUp to enhance the car repair experience.

Chronic conditions, including diabetes, hypertension, heart disease, and cancer, represent some of the most common and costly health issues worldwide, particularly when not properly managed. These conditions often require ongoing medical care, frequent hospital visits, and extensive treatments, which leads to soaring healthcare costs. Without the proper support and care, patients often fail to manage their conditions effectively, increasing preventable hospital admissions and emergency room visits. This cycle of poor health outcomes not only impacts patients, but also significantly raises healthcare expenses for insurers.

APOLLO Insurance, a leading Canadian digital insurance broker, has announced the launch of its pet insurance product.

The Financial Conduct Authority (FCA), the UK’s regulatory body for financial markets, has flagged issues with information sharing between insurers and brokers, raising concerns over the identification of target markets.

Synergy Cloud, an independent claims management system (CMS) provider, has announced a new partnership with Claim Technology to develop joint solutions for the claims market.

Jetty, a financial services company focused on making home renting more affordable and accessible, has partnered with Socotra to bolster its insurance operations.

Berkley Select, a leading provider of professional liability insurance, has launched a new product designed to expand its employment practices liability (EPL) offerings for law firms.

Swedish-based EIR, a leading white-label InsurTech, has announced it has expanded its operations into the Netherlands, Finland, and Greece.

YouSet, a Canadian startup aimed at simplifying the insurance procurement process, has successfully closed an oversubscribed seed funding round, amassing $3.5m.

Gigasure, a newly launched travel insurance provider, has partnered with Blink Parametric, a leading InsurTech company, to provide real-time travel assistance solutions through its app.