Sector Updates

In a significant industry development, Southern Trust Insurance, a reputed insurance provider with a stronghold across the Southeast for more than half a century, and Arbour National, a specialist in long-term ownership of niche Property & Casualty insurance companies, have inked a definitive agreement for a partnership.

In the rapidly evolving health insurance landscape, Berlin-based Medigo has transformed its claim management process through a fruitful partnership with hi.health.

Novidea, a leading InsurTech creator of the cloud-based, data-driven enterprise insurance management platform, is welcoming the newest addition to their senior leadership team, Erez Nissim.

Nassau Financial Group, a Hartford, Connecticut-based growth-oriented and digitally enabled financial services company, has today announced an exciting new partnership with LifeYield, a leading FinTech firm specialising in applications aimed at optimising retirement income, maximising Social Security, and minimising the tax impact on investments for clients.

As insurance firms eagerly adopt technology to improve their operations, Max Stratmann – chief revenue officer at Scanbot SDK – believes that digital document scanning is the key. 

The cost of living crisis in the UK has contributed to a dramatic increase in insurance fraud, with a surge of 61% reported, according to the City of London Police's Insurance Fraud Enforcement Department (IFED).

ShipStation, a leading player in cloud-based ecommerce shipping solutions, has unveiled its shipment protection offering, ParcelGuard, for US merchants.

Federato, an innovative InsurTech firm, introduced as the insurance industry's premier RiskOps underwriting platform, disclosed today a successful $25m Series B fundraising round.

Digital transformations have spurred exponential profitability across various sectors including ridesharing, retail, banking, and travel. However, according to hyperexponential, despite being a data-rich sector, the insurance industry has been slower in achieving this level of growth.

As insurance firms continue to look towards the future, trust seems to be the key to unlock the full potential of companies.