Sector Updates

EverQuote, a leading player in the online insurance marketplace and listed on Nasdaq, is making strategic changes to its business operations. The company, known for connecting insurance shoppers directly with providers across various insurance types, has announced its decision to exit the health insurance vertical.

Insurity, a front-running supplier of cloud-based software and analytics designed for insurance carriers, brokers, and MGAs, has announced its alliance with GeoX, a global leader in property intelligence.

Poland's premier motor insurer, Warta, and the world's foremost telematics service provider, Cambridge Mobile Telematics (CMT), have joined hands to roll out Warta4U, a connected insurance scheme offering safe driving incentives.

Zurich Insurance Group (Zurich), a global insurance company, has today revealed that it will be entering a strategic partnership with Qover, a Belgium-based InsurTech company.

Steadily, America's highly-rated landlord insurance company, announced today that it has successfully raised $28.5m in a Series B funding round.

Howden, an international insurance broker, has launched its third annual report on cyber insurance titled 'Coming of Age'. The report forecasts the potential for the cyber insurance market to balloon to a hefty $50bn by 2030.

In the increasingly competitive InsurTech market, Qover, a pioneering firm specialising in the orchestration of embedded insurance, stands out as it successfully wraps up a $30m Series C funding round.

Leading InsurTech firm, wefox, and GATE (Green & Advanced Transport Ecosystem), a ground-breaking digital service founded by the Iveco Group, have announced a strategic affinity partnership. This alliance will leverage digital solutions and a pay-per-use formula to shape the future of long-term rentals for electric commercial vehicles.

Cytora, a leading digital risk processing platform, and Aircraft Bluebook, renowned for providing aircraft valuation and data solutions, have recently revealed a strategic collaboration. This alliance is poised to enrich aviation insurance underwriters' capabilities with an amplified understanding of aviation risks.

International insurance broker, Howden, has recently announced its acquisition of Media Insurance Brokers International Limited (MIB), a leading independent UK and Irish film and television broker.