Sector Updates

Quantexa has secured a powerful full year fiscal 2022 performance and has emphasised its 144% net retention rate and 70% increase in committed ARR across the year.

Lumera, an InsurTech dedicated to the digital transformation of the European Life and Pensions industry, has entered an agreement to acquire Ai-London.

Cyber risk analytics provider CyberCube has partnered with Kroll, a risk, governance and growth solution developer, to launch a new cyber incident response service to its clients.

Scanbot launched its mobile scanning technology SDK in 2017 after discovering that insurers were dissatisfied with cumbersome claim filing processes, struggling with poor document quality and were being weighed down by time-consuming and costly document reviewing processes. Now, its mobile document scanning is turning the way insurers handle documents on its head.

Cowbell Cyber, provider of cyber insurance for small and medium-sized enterprises (SMEs), has launched its Cyber Risk Heatmap.

Australian digital insurance company Open has signed a partnership with Bupa, an international healthcare group,

Arturo, a PropTech company that delivers intelligent analytics from individual property to portfolio, has partnered with expert in natural catastrophe (NatCat) ICEYE to bring insurers flood and property damage insights.

Medical care and travel startup Air Doctor has raised $20m in a funding led by Lightspeed Ventures to enter its next phase of growth.

FRISS, AI-powered fraud, risk and compliance solution developer, has partnered with Legentic to tackle insurance fraud.

Ohio-based property and casualty carrier Central Insurance has selected One Inc, a payments network for the insurance industry, to digitise claim payments.