Yonder to rival Revolut and Monzo with travel insurance offering
Yonder, a challenger credit card provider, has entered the travel insurance sector with a product that covers various travel disruptions including flight cancellations.
JAB makes more moves in pet insurance with AGILA take-over
JAB’s European pet insurance platform Pinnacle Pet Group (PPG) will acquire German pet insurance provider AGILA Tierversicherung.
Munich Re and AXA Climate join WTW’s coral reef protection programme
WTW has expanded its programme insuring the Mesoamerican Reef with the appointment of Munich Re and AXA Climate as the insurance capacity providers for the project, in a bid to boost the economic and climate resilience of the surrounding regions.
Sydney startup Upcover secures $4.7m for SMB insurance
Sydney-based insurance startup Upcover has raised $4.7m in a seed funding round to further its mission to simplify insurance for Australian small businesses.
German InsurTech wefox boasts two million customers
Berlin-based digital insurance company wefox has reached two million customers, following an announcement that it is seeking another funding raise.
Service Lloyds opts for GradientAI to bolster workers’ compensation underwriting
Service Lloyds Insurance Company has adopted Gradient AI’s solution to better predict risk and improve the pricing accuracy of workers’ compensation policies.
Tech-driven MGA Insight Risk deploys ChainThat platform
Insight Risk, a technology-driven MGA, has deployed a next-generation policy administration platform Beyond Policy Administration (BPA) from software-as-a-service platform ChainThat.
InsurTech startup Konsileo closes Series A
Commercial insurance broker and risk management adviser Konsileo has closed its Series A on £4.7m.
How Lloyd’s Project Rio and ‘Principles of Doing Business’ will impact pricing
Lloyd’s recently released a 156 page document titled ‘Principles of Doing Business’, which outlines the responsibilities of all managing agents. To help companies quickly digest this and ensure they stay compliant, hyperexponential has released a report summarising the key takeaways.
InsurTech Vertafore in MGA Systems take-over
North American insurance technology provider Vertafore has acquired MGA Systems, a provider of purpose-built software for MGAs.
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