Chelsea Avondale bolsters Canadian home insurance portfolio with fresh series C funding
Chelsea Avondale, a pioneering home insurance group renowned for its underwriting using scientific risk models, has secured series C funding from an ensemble of prominent investors.
Allianz Trade joins 4Trans to boost EU SME funding
4Trans, a FinTech firm specialising in financial products for supply chain and logistics companies, and Allianz Trade, a prominent player in the insurance sector, have embarked on a strategic partnership.
Travel InsurTech Faye bags $10m in series A to reimagine travel insurance
Faye, a burgeoning travel insurance start-up, has raised $10m in its Series A funding round.
RenaissanceRe acquires Validus Re from AIG in a lucrative $4.5bn deal
American International Group (AIG), a global insurance behemoth headquartered in the US, has announced its decision to divest Validus Re to RenaissanceRe Holdings Ltd.
Sapiens and Microsoft: Pioneering Generative AI for the Insurance Sector
Global software solution provider Sapiens International Corporation, and tech titan Microsoft, have announced a strategic partnership aimed at harnessing the power of generative artificial intelligence (AI) in the insurance industry.
Quebec’s Promutuel Assurance embraces Akur8’s tech for innovative insurance pricing
Promutuel Assurance, one of Quebec's most significant property and casualty mutual insurance carriers, has selected Akur8 for its innovative insurance pricing solution.
The reinsurance property CAT market: A journey towards new equilibrium
Swiss Re, a leading global reinsurance company, together with Swiss Re Institute, its research arm, recently published an extensive report examining the state of the Reinsurance Property Catastrophe (CAT) market.
Travel peace of mind: Volaris and Cover Genius launch strategic partnership
Volaris, an ultra-low-cost Mexican airline that operates within Mexico, the United States, and Central and South America, has forged a strategic partnership with Cover Genius, the renowned InsurTech specialising in embedded protection.
Percipience partners with Coaction Specialty to enhance insurance data analysis
Percipience, an InsurTech data and analytics software provider, and Coaction Specialty Insurance Company (Coaction Specialty), a subsidiary of B Corporation-certified insurance holding company Coaction Global, have partnered.
Synchrono Group Partners with KCC for Advanced Risk Modelling in Insurance Underwriting
Karen Clark & Company (KCC), a pioneer in providing advanced models and innovative software for deeper insights into catastrophe risk, has announced that the Synchrono Group, trading as SynchronoSure, has licensed KCC's comprehensive suite of US catastrophe models.
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