Sector Updates

Percayso gains funding to help insurers get more from their data

Insurance data intelligence provider Percayso Inform (Percayso) has raised £3.4m in a round led by Manchester-based venture capital investor Praetura Ventures.

Mercury launches UBI app

Mercury Insurance has launched a usage-based insurance app, MercuryGO, that it said could save customers up to 40% or more on auto insurance.

Five Sigma gives Boost a claims management lift

Boost Insurance has selected Five Sigma to build in its in-house claims operations with an agile, SaaS-based solution and scalable business model.

ICEYE lands $136m for NatCat solutions

ICEYE, an expert in natural catastrophe (NatCat) solutions, has closed a $136m Series D funding round.

Finverity secures $2m for supply chain finances

Finverity, the mid-market supply chain finance platform focused on emerging markets, has raised $2m in a pre-Series A equity funding round.

Hyer teams up with Catch for new era of work

Hyer, a leading on-demand labour app connecting businesses to independent workers in the gig economy, has partnered with payroll and financial services provider Catch to extend modern benefits to independent contractors.

Why improving claims experiences could mean more business for insurers

In digital transformation initiatives, claims experiences have often been neglected due to the fact they are an expense and not a value driver. However, improving customer experience in these processes could be the secret to keeping more clients. One of the companies pioneering this charge is Benekiva.

How does dark web monitoring stack up to data breach monitoring?

Cyber risk management InsurTech KYND reveals that although dark web monitoring can be useful when a data breach has occurred, data breach monitoring should be the first port of call.

Rewire to protect European migrant community with Quover and AIG

FinTech start-up Rewire, which develops an online financial services platform for expatriate workers, has partnered with InsurTech Quover and insurer AIG to protect its customers.

Sapiens and Charlee to leverage AI and ML for insurers

Sapiens, provider of software solutions for the insurance industry, has partnered with cloud-based SaaS provider Charlee to leverage artificial intelligence (AI) and machine learning (ML) for property & casualty (P&C) insurers.

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,...
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