Sector Updates

Slide Insurance has acquired renewal rights for 86,000 Florida homeowners insurance policies from Farmers Insurance.

FinTech and InsurTech are rapidly evolving, consistently introducing game-changing technologies, among which embedded AI and generative AI stand prominently. These advancements aren’t mere buzzwords but rather critical tools altering the landscape of commercial and specialty insurance, particularly in the realms of underwriting and customer experience.

Mobile apps have become indispensable tools for insurance agents, revolutionising their workflows and boosting customer service. Among the valuable features that insurance agent apps offer, the ability to scan ID documents on the go stands out. Scanbot SDK explores the advantages of mobile document scanning for insurance professionals and how you can seamlessly integrate it into your app.

MarshBerry, a global M&A advisory firm for insurance brokers, has revealed that it has acquired IMAS Corporate Finance LLP (IMAS).

Allianz, a prominent insurance provider, has recently announced its agreement to acquire Tua Assicurazioni from Assicurazioni Generali in a deal valued at €280m.

Matic, a foremost embedded InsurTech platform, recently publicised a $20m fundraising as an extension to its Series B round.

Prevounce Health, a pioneering entity in the realm of remote care management software, tools, and services, has made headlines with its recent announcement.

Haba InsurTech, co-founded in 2022 by Constance Oshafi, Stephen Onwe, and Paul Showemimo, is making strides in Nigeria's InsurTech sector.

Navacord has partnered with Unity Managing Underwriters Ltd. to expand its array of underwriting solutions.

Swiss-based InsurTech dacadoo has introduced an innovative Apple Watch Reward Programme, enhancing user engagement within their Digital Health Engagement Platform (DHEP).