Sector Updates

WTW, a leading global advisory, broking, and solutions company, has introduced a groundbreaking parametric insurance policy aimed at protecting the coral reef system of the South Pacific Ocean’s Lau Group of islands.

Kin Insurance, the pioneering digital, direct-to-consumer home insurance company, has secured $15m in financing to take its value passed $1bn and secure the highly-coveted Unicorn status.

Pawlicy Advisor, the foremost independent pet insurance marketplace, has made significant leadership additions to its team.

Hadron, a revolutionary insurer focused on aiding Managing General Underwriters (MGUs) in accelerating their growth, has announced its expansion into the UK market with the acquisition of Folgate Insurance Company.

Guy Carpenter & Company, LLC, a prominent global risk and reinsurance specialist, has unveiled an innovative cyber reinsurance product.

In the rapidly evolving landscape of InsurTech, the demand for streamlined data processing solutions is more critical than ever. As technology continues to reshape industries, a transcontinental insurance company was tasked with the challenge of handling vast amounts of data processed through Excel files. Recognising the need for a more sophisticated approach, the company turned to Symfa, a leading player in the FinTech space, to create a unified and automated ETL process.

SimplePin, an award-winning InsurTech enterprise, has partnered with Carmack Insurance to power its payments and receivables process.

Chubb, a global insurance leader, has appointed Seth Gillston as Executive Vice President, Head of North America Industry Practices.

In the dynamic landscape of insurance technology, hx Renew has emerged as a transformative force, empowering the world’s leading insurers of complex risks to revolutionise their pricing and underwriting strategies. hyperexponential delves into the five key advantages that make hx Renew a game-changer for modern Managing General Agents (MGAs).

The landscape for insurance brokers, particularly small independent firms, is undergoing significant challenges as the cost of regulation reaches an all-time high. Due to this difficulty, FullCricl's Ashleigh Gwilliam has outlined the smartest ways to tackle the cost of regulation and drive growth.