Sector Updates

Xceedance-backs-Vitraya-for-automated-claims-and-payments

Xceedance backs Vitraya in Series A round for automated claims and payments

Vitraya Technologies, an India-based technology platform that enables automated claims decision making for insurers and real-time payouts to providers, has secured $4.1m in Series A funding.
Carbon-underwriting-bolsters-leadership-team

Carbon Underwriting bolsters leadership team

Carbon Underwriting Limited (Carbon) the specialist, independent managing general underwriter (MGU), has expanded its underwriting team with two senior hires.
Socotra-teams-up-with-mendix-snapsheet-stripe-to-launch-coreplus-solution

Socotra teams up with Mendix, Snapsheet and Stripe to launch CorePlus solution

Socotra, a modern core platform provider for insurers, has launched CorePlus solution in partnership with leading technology providers Mendix, Snapsheet and Stripe.
Falvey-insurance-group-launches-inland-marine-coverage-as-it-expands-in-specialty-markets

Falvey Insurance launches inland marine coverage as it expands in specialty markets

Falvey Insurance Group has expanded its product offering with the launch of inland marine coverage.
Montreal-insurtech-equisoft-bags-$125m

Montreal InsurTech Equisoft bags $125m

Equisoft, a Montreal-based insurance and investment software developer, has raised $125m in equity investment.

Redefining efficiency in parcel shipping with smartphone-based scanning

The days of outdated handheld scanners are coming to an end, with the introduction of Scanbot SDK, a smartphone-based shipping label scanning solution.
Turtlefin-acquires-insurtech-company-last-decimal

Turtlefin acquires InsurTech Last Decimal

Turtlefin, the software-as-a-service (SaaS) platform of InsurTech startup Turtlemint, has acquired InsurTech company Last Decimal.
luminar-joins-forces-with-swiss-re-to-imrpove-driver-safety

Luminar joins forces with Swiss Re to improve driver safety

Luminar, a leading global automotive technology company, has partnered with Swiss Re to launch an insurance programme to improve driver safety.
Cambridge-mobile-telematics-acquires-telematic-company-amodo-for-european-expansion

CMT acquires telematics company Amodo for European expansion

Cambridge Mobile Telematics (CMT), a telematics service provider, has acquired fellow telematic company Amodo.
Prudential-financial-and=vitality-global-bolster-health-offering-in-latin-america

Prudential Financial and Vitality Global bolster health offering in Latin America

Prudential Financial and Vitality Global, a health and well-being company offering InsurTech solutions, have entered into a 10-year expanded partnership for an offering in Latin America.

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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