Porch Group secures $333m convertible notes financing
Porch Group, a vertical software company reinventing the home services and insurance industries, has secured $33m in convertible notes financing.
Resolute Global Partners launches new type of reinsurance contract for natural catastrophes
Resolute Global Partners, an investment advisor specialising in insurance and reinsurance, has launched Footprint, a new type of reinsurance contract.
Fortune 500 insurance giant Markel selects hyperexponential to transform underwriting
Fortune 500 financial services holding company Markel, has selected hyperexponential’s next-generation pricing tool, Renew, to transform its underwriting processes in the UK.
InsurTech Cover Whale joins forces with Netradyne and Nexar
Cover Whale Insurance, a commercial trucking insurance provider, has partnered with Nexar and Netradyne to more precisely price policies and offer discounts to safe drivers.
Hippo Insurance selects Opterrix to optimise claims workflows
Hippo Insurance has selected Opterrix, a provider of risk intelligence or the property & casualty insurance industry, to optimise claims workflows.
Lloyd’s unveils £250m sustainability-focused private impact fund
Lloyd’s has launched a private impact fund with an initial £250m allocation aimed in sustainability-focused assets.
IAG Firemark Ventures backs InsurTech Planck
IAG Firemark Ventures has invested in Planck, a global InsurTech platform that provides real-time answers to underwriting questions to the global Commercial Insurance Industry.
Pet InsurTech Kanguro officially launches health insurance plans for pets
Pet InsurTech Kanguro, which is on a mission to reinvent the world of pet insurance, has officially launched its health insurance plans for pets.
Verisk launches solution to help insurers develop commercial lines products
Global data analytics provider Verisk has launched a Rating-as-a-Service (RaaS) solution to help insurers develop new commercial lines products.
Civil unrest reducing risk appetite in political violence insurance market, Howden says
A report from insurance broker Howden has revealed that an increasingly unpredictable threat landscape has elevated strikes, riots and civil commotion (SRCC) risks and hence reduce risk appetite in the political violence (PV) insurance market.
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