Sector Updates

APOLLO Insurance, a Canadian digital insurance provider, has expanded its offerings by integrating credit reporting services into its platform, providing tens of thousands of customers with a comprehensive financial solution.

BMS Re, the specialty reinsurance division of global broker BMS Group, has announced a significant leadership shake-up.

Wisedocs, a leading name in the InsurTech sector, has successfully closed an impressive $9.5m in an oversubscribed Series A financing round.

In the dynamic realm of insurance, a silent revolution is underway, orchestrated not by charismatic CEOs or flamboyant disruptors but by the enigmatic force of machine learning (ML). These complex algorithms have become insurance industry oracles, predicting claims and determining premiums with uncanny accuracy.

Nirvana Insurance has selected Ascend, a financial operations automation platform, to enhance and expand its direct bill processing capabilities. 

Ascot Group has revealed the appointment of a new Group Chief Operating Officer (COO), effective immediately, to spearhead their global operational support organisation

Coalition, the world's first active insurance provider, has rolled out a new Miscellaneous Professional Liability (MPL) Insurance offering.

BOXX Insurance, an award-winning global InsurTech firm specialising in cyber protection and insurance, has forged a significant partnership with AXA, a leader in insurance and asset management.

63% of Singapore's insurance market is set to replace core management systems in 2024, according to a recent global study by Novidea. 

WTW, a prominent player in the insurance industry, has introduced a groundbreaking cyber insurance product specifically tailored for small and medium-sized enterprises (SMEs) with annual revenues below $50M.