Sector Updates

Thatch, a health benefits startup, has raised $38m in a Series A funding round led by Index Ventures and General Catalyst.

San Francisco-based Thatch raises $38m to revolutionise health insurance benefits

Thatch, a health benefits startup, has raised $38m in a Series A funding round led by Index Ventures and General Catalyst.
Cogitate, a cloud-native provider of core policy, billing, and claims applications for the insurance sector, has partnered with One Inc to simplify the payment process for insurers and their policyholders.

Cogitate partners with One Inc to enhance digital payments for insurers

Cogitate, a cloud-native provider of core policy, billing, and claims applications for the insurance sector, has partnered with One Inc to simplify the payment process for insurers and their policyholders.
Zurich Canada has announced the launch of its new Apprenticeship Program designed to nurture future leaders in the industry through innovative educational initiatives.

Zurich Canada introduces apprenticeship program with Seneca Polytechnic for future insurance leaders

Zurich Canada has announced the launch of its new Apprenticeship Program designed to nurture future leaders in the industry through innovative educational initiatives.
Korint, a rising InsurTech company, has secured €5m in a funding round to boost the rate of digital transformation within the insurance industry.

InsurTech Korint lands €5m to drive insurance digitalisation

Korint, a rising InsurTech company, has secured €5m in a funding round to boost the rate of digital transformation within the insurance industry. The tranche...
Demex Group, a risk analytics and intelligence company specialising in stop-loss reinsurance protection, has secured $10.25m in funding through a Series A and previous SAFE round.

Reinsurance innovator Demex Group raises $10.25m in Series A

Demex Group, a risk analytics and intelligence company specialising in stop-loss reinsurance protection, has secured $10.25m in funding through a Series A and previous SAFE round.
Insurity has partnered with Gain Life to become the first major claims system to offer a fully integrated claims communication platform.

Insurity and Gain Life to offer AI-driven claims communication for insurers

Insurity has partnered with Gain Life to become the first major claims system to offer a fully integrated claims communication platform.
First Connect Insurance Services has announced a new partnership with Root Insurance to offer API-powered quote and bind capabilities to independent insurance agents.

First Connect partners with Root Insurance to launch API-powered auto insurance platform for agents

First Connect Insurance Services has announced a new partnership with Root Insurance to offer API-powered quote and bind capabilities to independent insurance agents.
Hakbah, a Saudi-based FinTech platform focusing on digital savings, has announced a new partnership with Tawuniya to revolutionise the savings experience for Saudi citizens.

Hakbah partners with Tawuniya to revolutionise the savings experience for Saudi citizens

Hakbah, a Saudi-based FinTech platform focusing on digital savings, has announced a new partnership with Tawuniya to revolutionise the savings experience for Saudi citizens.
Newline Group, a leading specialty insurance group, has announced the opening of its new office in Manchester.

Newline Group expands UK presence with new Manchester office

Newline Group, a leading specialty insurance group, has announced the opening of its new office in Manchester.
Irish InsurTech Blink Parametric and MAWDY, a global insurance, reinsurance and services company, have teamed up to expand their real-time travel assistance service across Sub-Saharan Africa.

Blink Parametric partners with MAWDY to expand real-time travel assistance across Sub-Saharan Africa

Irish InsurTech Blink Parametric and MAWDY, a global insurance, reinsurance and services company, have teamed up to expand their real-time travel assistance service across Sub-Saharan Africa.
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News Stories

Sun Life US, a leading provider of insurance and employee benefits, has launched an enhanced claims integration system.

Sun Life US launches seamless claims integration for multiple health benefits

Sun Life US, a leading provider of insurance and employee benefits, has launched an enhanced claims integration system.
Ryan Specialty, a leading international specialty insurance firm, has announced that London-based underwriter Tom Daniels has joined LifeScienceRisk as managing director of LifeScienceRisk International.

Ryan Specialty appoints Tom Daniels as managing director of LifeScienceRisk International

Ryan Specialty, a leading international specialty insurance firm, has announced that London-based underwriter Tom Daniels has joined LifeScienceRisk as managing director of LifeScienceRisk International.
Akur8, the machine learning-powered insurance pricing and reserving platform, has announced the closure of a $120m Series C funding round.

Akur8 lands $120m in Series C to enhance its next-gen actuarial platform

Akur8, the machine learning-powered insurance pricing and reserving platform, has announced the closure of a $120m Series C funding round.
Health insurance plays a critical role in safeguarding individuals and families from the financial burdens of medical expenses, offering essential coverage and peace of mind during times of illness or injury. Traditionally, the industry relied on complex and rigid models, often burdened by lengthy paperwork, slow claims processing, and fragmented communication. However, the health insurance market is projected to reach a remarkable $2.38tn in gross written premiums by 2024, according to Statista. This comes amidst a significant shift towards digital platforms and telemedicine services.

The changing face of health insurance

Health insurance plays a critical role in safeguarding individuals and families from the financial burdens of medical expenses, offering essential coverage and peace of mind during times of illness or injury. Traditionally, the industry relied on complex and rigid models, often burdened by lengthy paperwork, slow claims processing, and fragmented communication. However, the health insurance market is projected to reach a remarkable $2.38tn in gross written premiums by 2024, according to Statista. This comes amidst a significant shift towards digital platforms and telemedicine services.
Ledgebrook's innovative push in InsurTech garners $17m Series B funding

Ledgebrook’s innovative push in InsurTech garners $17m Series B funding

Ledgebrook, the rapidly growing InsurTech firm, has successfully closed a $17m Series B funding round.
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