Sector Updates

Bharatsure, a Mumbai-based Insurtech startup specialising in Infrastructure-as-a-Service (IaaS) solutions, has secured $1m in its latest funding round.

Solstice Innovations, Inc. has revealed that it is bolstering its technology leadership team to meet the growing demand for the next generation of P&C insurance Core Systems. 

The healthcare sector is experiencing a significant transformation, with interactive digital channels at the heart of plans to improve the well-being of patients. With the CDC reporting that over 90% of the $4.1tn US healthcare costs are associated with chronic and mental health issues, there is a clear need for innovative solutions, as customer experience experts Ushur discuss. 

Qover, a leading InsurTech firm, has announced that it will be entering the £19bn UK motor insurance industry.

In a bid to revolutionise the landscape of Business Intelligence (BI) applications, Ilya Mokin, Head of R&D at Symfa, unveiled the intricate details of their recent BI modernisation project. Addressing the common challenge of sluggish reporting, Mokin shed some light on the hurdles faced, from onboarding complexities to navigating intricate business logic.

Securian Canada, a leading provider of life-ready insurance solutions, has partnered with the Canadian Automobile Association (CAA) to offer a new range of life and health & dental insurance solutions.

MEMIC, a leading workers' compensation insurance company, has chosen CLARA Analytics, to help them improve medical outcomes for injured workers.

Late last year, The Gherkin played host to a crucial TINtech breakfast meeting, drawing together over a dozen seasoned insurance industry veterans. The gathering, comprising a diverse mix of brokers and insurers, centred its discussions on Blueprint Two – a pivotal initiative shaping the future of the London insurance market. InsurTech Novidea, who hosted the event, delve into the hot topics of the discussion.

Arch Insurance North America has made a strategic move with the appointment of Prabhu Venkataraman as Chief Information Officer (CIO).

Foxquilt, a leading North American InsurTech specialising in embedded small business insurance technology, has revealed a strategic and long-term capacity relationship with global insurance provider Markel.