Sector Updates

InsurTech Pie launches pay-as-you-go billing solution

Pie, a tech-enabled provider of worker compensation insurance to small businesses, has launched a pay-as-you-go billion solution.

Sayata extends Series A for business insurance

Insurance broker marketplace Sayata has raised an additional $35m to the previous $17m raised just five months ago in its Series A round.

Merck awarded $1.4bn claim over 2017 NotPetya cyberattack

Merck has been awarded $1.4bn from Ace American Insurance after a court cause was ruled in its favour regarding the NotPetya malware outbreak from 2017.

How insurers can leverage advanced analytics and transparent ML to reform their pricing process

A whitepaper by InsurTech firm Akur8 has outlined how a range of recent developments in the market are leading to calls for more competitive and accurate pricing.

HawkSoft and vipHomeLink partner for enhanced homeowner protection

Oregon-based insurance technology developer HawkSoft, and vipHomeLink, a leading InsurTech company focused on innovative digital home management solutions, have partnered to offer proactive home maintenance and protections to homeowners.

Topa Insurance Company partners with Exavalu for digital claims capability

Exavalu, a global digital solutions and IT consulting company, has partnered with Topa Insurance Company to enable digital claims payment capabilities for the insurer.

Duck Creek and Hi Marley to offer hassle-free claims communication

Duck Creek Technologies has entered into a strategic partnership with Hi Marley, a purpose-built, intelligent communications platform improving carrier and policyholder communications.

InsurTech Luko expands European grasp with Coya acquisition

France-based InsurTech Luko is to acquire German startup Coya for an undisclosed amount to grow its European presence and get an insurance license from German regulators, a report by TechCrunch has revealed.

Five Sigma extends Series A for claims management

Five Sigma, a cloud-native claims management solution provider, has extended its Series A round from Aquiline Technology Growth (ATG), bringing the company's total funding to date to over $20m.

Tencent backs InsurTech Reask for nat cat modelling

InsurTech Reask, a science and technology company focusing on natural hazard modelling, has closed its seed funding round led by Tencent.

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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