Sector Updates

Bento, which aims to transform the traditional dental insurance industry, has collected $8.1m in its Series A funding round.

Swiss InsurTech dacadoo, in partnership with Colombian insurer Seguros Bolivar, has launched the “Super App” Boliver Conmigo.

Openly, a homeowners insurance platform, formerly operating solely as a MGA, has launched Openly Insurance Company, an insurance carrier licensed in 17 states.

For as long as insurance has been around, criminals have been committing insurance fraud. With increasingly sophisticated fraud activity, insurers are turning to artificial intelligence and machine learning. However, they must develop standards to prevent unfair discrimination and remove any bias in these technologies.

InsurTech Blink Parametric has expanded its longstanding partnership with the benefits provider and wellness leader Blue Cross, to bolster their travel offering in Canada.

In an industry where many incumbents move at a lethargic pace, the recent partnership between InsurTech Kanguro, focusing on the US Spanish speaking market, initially with pet health insurance, and Cloud Insurance represents a new era in the industry: one of dynamism and innovation.

Charlee.ai, a provider of cloud-based artificial intelligence (AI) solutions for property and casualty (P&C) insurers, has partnered with claims litigation management platform ClaimDeck.

Beazley, a specialist Lloyd’s of London insurer, has suffered a $193m investment loss as a result of the market downturns triggered by the war in Ukraine.

Inszone Insurance Services, a provider of benefits, personal and commercial lines insurance, has acquired Young Insurance Group.

Insurance Supermarket International (ISI), a digital life insurance provider in Canada, has closed a $100m minority investment from funds managed by Gallatin Point Capital.