Sector Updates

2021 was another year of growth for the InsurTech industry, with funding setting an annual record of $9.1bn only nine months into the year. But what were the biggest deals?

One of the fastest growing trends in the insurance market today is embedded insurance. Predicted to reach $722bn by 2030, it is definitely something to watch out for.

Businesses must act now to adapt to the challenges of today and unlock greater growth potential, without sacrificing the health of the planet. Applied AI technologies could be paramount in achieving this.

Global insurer and FinTech Acrisure has raised $725m in Series B-2 preferred equity to fuel its ongoing expansion.

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,