Sector Updates

Tractable's-top-3-trends-transformation-technology-adoption-insurance

Tractable’s top 3 transformation trends for 2023

The past year was a time of transformation and technology adoption across the insurance sector. This year, industry leaders are facing new challenges.
How-can-bancassurance-meet-the-challenges-of-today-pricing-sophistication

How can bancassurance meet the challenges of today?

As technological innovation and changing customer behaviours continue to disrupt established financial service channels, the bancassurance model is coming under pressure. Pricing sophistication will help bancassurance operators meet the challenges of today.
Cover Whale to improve commercial trucking safety through Nexar

Cover Whale to improve commercial trucking safety through Nexar

Cover Whale Insurance Solutions, an InsurTech focused on commercial trucking, has teamed up with video telematics company Nexar.
Insurer-Berkley-One-launches-product-portfolio-in-more-states

Insurer Berkley One expands in more states

Berkley One, an insurance provider for modern individuals and families, has launched its product portfolio in Nevada and Idaho.
At-Bay-insurance-provider-digital-age-acquires-specialty-insurance-company-excess-and-surplus-lines

Insurer for the “digital age” At-Bay acquires licensed P&C carrier

At-Bay, which stylises itself as the insurance provider for the digital age, has acquired At-Bay Specialty Insurance Company, an excess and surplus (E&S) lines property and casualty insurer.
Baobab

German InsurTech Baobab lands €3m investment

Berlin-based cyber insurance platform Baobab has scored €3m from UK-listed FinTech fund Augmentum.
The-Hanover-Insurance-Grou-launches-specialty-general-liability-offering

Hanover Insurance launches specialty general liability offering

The Hanover Insurance Group, a holding company for several property and casualty insurance companies, has launched a specialty general liability offering.
Tesla-Insurance-reports-strong-growth

Tesla Insurance reveals strong growth

Tesla Insurance has reportedly revealed its Q4 2022 results which indicate that the business is growing.
Floodbase-climate-adaptation-technology-compant-launches-parametric-flood-solution-and-raises-$12m-funding

Floodbase launches parametric flood solution and bags $12m

Floodbase, a climate adaptation technology company, has released a flood solution for parametric hurricane policies and raised $12m in Series A funding.
Eazy-Digital-Thai-InsurTech-closes-oversubscribed-seed-funding-round

Thai InsurTech startup Eazy Digital closes oversubscribed round

Eazy Digital, a Thai InsurTech startup that provides digital platforms for insurance companies, has raised $850,000 in an oversubscribed seed funding round.

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...
224931

60,000+ InsurTech leaders get exclusive insights delivered every week