Sector Updates

insurtech-fairmatic-raises-$46m-for-insurance-that-rewards-safe-driving

InsurTech Fairmatic bags $46m for insurance that rewards safe driving

Fairmatic, an AI-powered commercial auto insurance company, has raised $46m in funding for its fleet insurance products that reward safe driving.
insurtech-sure-launches-technology-to-enable-embedded-one-click-protection

InsurTech Sure launches technology that enables embedded one-click protection

Sure, an InsurTech that aims to unlock the potential of digital insurance, has launched Retrace, new technology that enables online merchants to offer customers embedded one-click insurance and protection.
asian-insurtech-lexasure-go-to-public-via-SPAC

Asian InsurTech Lexasure Financial Group to go public via SPAC

Lexasure Financial Group, provider of reinsurance and digital insurance solutions in Southeast and South Asia, has signed an agreement to go public via special merger acquisition company (SPAC) Capitalworks Emerging Markets Acquisition (CEMAC).
specialist-risk-group-bolsters-capabilities-with-consort-insurance-acquisition

Specialist Risk Group bolsters capabilities with Consort Insurance acquisition

Specialist Risk Group (SRG), a UK-based group of insurance intermediaries, has acquired mid-market commercial broker Consort Insurance.
aviva-renews-partnership-with-majesco-to-bolster-underwriting-profitability

Embedded InsurTech Cover Genius in Clyde Technologies take-over

Cover Genius, a global InsurTech for embedded insurance, has completed an asset acquisition agreement with US-based embedded warranty provider, Clyde Technologies.
utah

ValueMomentum supports Pekin Insurance expansion in Utah

ValueMomentum, a provider of IT services and solutions for insurers, has partnered with Pekin Insurance to roll-out a commercial lines offering in a new state.
Mercury-insurance-names-pang-to-lead-technological-transformation

Mercury Insurance names Pang to lead technological transformation

Mercury Insurance, provider of property and casualty insurance, has appointed Wilson Pang as Chief Technology Officer (CTO) to lead its technological transformation efforts.
Fetch-pet-insurance-partners-with-viu-by-hub-to-expand-personal-offerings

Fetch Pet Insurance joins forces with VIU by Hub to expand personal offerings

VIU by HUB (VIU), a digital insurance brokerage platform, has partnered with Fetch Pet Insurance to expand personal insurance offerings on its platform.
advantagego-and-vipr-solutions-alliance-to-support-underwriters

SANTALUCÍA’ selects Akur8 to bolster pricing

Akur8, a next generation insurance pricing solution, has been selected by household protection insurance provider SANTALUCÍA' to improve its pricing process.
insurer-singlife-enters-technology-partnership-with-citi-and-blackrock

Insurer Singlife enters technology partnership with Citi and BlackRock

Singlife, a technology-empowered financial services firm and insurance company, has appointed Citi and BlackRock Aladdin to provide it with a technology platform.

News Stories

Booking a flight online takes minutes. Ordering a taxi takes seconds. Even applying for a loan can now be done in a handful of taps. Buying insurance, by contrast, often feels like stepping back a decade. The process slows, the questions multiply, and what should be simple quickly becomes something to work through rather than complete.

Why most insurance quotes are abandoned — and how insurers can fix it

Booking a flight online takes minutes. Ordering a taxi takes seconds. Even applying for a loan can now be done in a handful of...

Global InsurTech funding extends decline as investment falls 50% in April

Global InsurTech investment cooled further in April, with eight deals raising approximately $119m, marking another step down from March’s already subdued $237m. That represents a...
InsureMO, an API, data and AI-driven insurance platform, has added Upsure, a provider of core insurance software, to its partner ecosystem to deliver a unified core insurance suite and accelerate digital transformation for insurers across emerging markets.

InsureMO adds Upsure to expand core insurance platform

InsureMO, an API, data and AI-driven insurance platform, has added Upsure, a provider of core insurance software, to its partner ecosystem to deliver a...
Insly, an enterprise-grade insurance software provider, has launched a new AI-enabled claims portal designed to help insurers and managing general agents (MGAs) deliver a self-service, digital-first claims experience for policyholders.

Insly debuts digital claims platform for MGAs

Insly, an enterprise-grade insurance software provider, has launched a new AI-enabled claims portal designed to help insurers and managing general agents (MGAs) deliver a...
The global insurance industry is moving quickly into an AI-driven future. Pricing, underwriting, and customer engagement are being reshaped at pace, with many insurers shifting from experimentation to real-world deployment. But beneath this global momentum, the UK market tells a more measured story.

How the rise of AI’s impacting UK insurance pricing

The global insurance industry is moving quickly into an AI-driven future. Pricing, underwriting, and customer engagement are being reshaped at pace, with many insurers...
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