Sector Updates

CLARA joins forces with Nationwide for worker compensation insurance

CLARA Analytics, which builds AI technology for commercial insurance, is to partner with insurance and investment platform Nationwide to provide AI technology for the insurance industry.

FloodFlash closes Series A to bolster flood insurance

FloodFlash, the parametric insurance technology company that pays catastrophic flood claims within 48 hours, has raised $15m in Series A funding.

SageSure secures $375m for property insurance

SageSure, a managing general underwriter and insurance technology innovator, has secured a $375m senior credit facility from funds managed by the US Direct Lending and Alternative Credit strategies of Ares Management Corporation.

Seyna lands €33m for the future of insurance

Paris-based insurer Seyna has raised €33m in a Series A round led by WhiteStar Capital and Elaia Capital.

Cruise and Mobilitas to provide autonomous vehicle insurance

Cruise and Mobilitas Insurance have partnered to provide commercial insurance coverage for Cruise and its fleet of all-electric, zero-emission self-driving vehicles.

Tokio Marina backs ICEYE for natural catastrophe risks

ICEYE, an expert in natural catastrophe (NatCat) solutions, has received an investment from Tokio Marine Holdings to develop insurance products.

Treasury management platform Vitesse PSP scores $26m

Vitesse PSP, a global payment and treasury management platform, has scored $26m in its Series B funding round.

Neobank Rewire to add insurance offering

Israel-based neobank Rewire, which provides services for expatriate workers, has raised a $25m strategic investment that it said will allow it to develop insurance products.

Elephant Insurance partners with Appalachian Underwriters

Elephant Insurance, a Virginia-based, digital-first auto insurance company, has partnered with Appalachian Underwriters (AUI), the nation's fifth largest national managing general agency.

Sensa launches ‘pro-active’ insurance in US

Sensa, which calls itself a “pro-active insurance company” has launched its auto insurance offering in the US.

News Stories

Producer licensing is one of those parts of insurance that tends to stay in the background until it starts slowing everything else down. As carriers expand their agent networks, the process of onboarding producers, managing appointments, and maintaining compliance records often still depends on fragmented systems and manual intervention.

Fixing the producer bottleneck in insurance distribution

Producer licensing is one of those parts of insurance that tends to stay in the background until it starts slowing everything else down. As...
Simply Business, a digital insurance marketplace, has launched a business insurance app on ChatGPT in the US, alongside a separate rollout in the UK.

Simply Business brings small business insurance pricing into ChatGPT

Simply Business, a digital insurance marketplace, has launched a business insurance app on ChatGPT in the US, alongside a separate rollout in the UK. The...
Cytora, a digital risk processing platform, has announced a strategic relationship with LexisNexis Risk Solutions to embed advanced data and analytics into its platform for US commercial insurers.Cytora, a digital risk processing platform, has announced a strategic relationship with LexisNexis Risk Solutions to embed advanced data and analytics into its platform for US commercial insurers.

Cytora partners LexisNexis to enhance US commercial underwriting

Cytora, a digital risk processing platform, has announced a strategic relationship with LexisNexis Risk Solutions to embed advanced data and analytics into its platform...
INSTANDA, a no-code insurance platform provider, has partnered with DataCrest, a workflow solutions firm, to enhance submission intake and quoting efficiency for insurers and MGAs.

INSTANDA and DataCrest team up to streamline insurance submissions

INSTANDA, a no-code insurance platform provider, has partnered with DataCrest, a workflow solutions firm, to enhance submission intake and quoting efficiency for insurers and...
Openly, a tech-enabled homeowners insurance provider, has secured a growth investment round led by existing investors Eden Global Partners, Advance Venture Partners and Gradient, with strategic participation from Allianz X.

Openly boosts expansion plans with funding and Allianz Re deal

Openly, a tech-enabled homeowners insurance provider, has secured a growth investment round led by existing investors Eden Global Partners, Advance Venture Partners and Gradient,...
224931

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