Sector Updates

Why insurers are failing to meet maximum value from mergers and acquisitions

While there continues to be huge numbers of mergers and acquisitions (M&A) in insurance, Quantexa feels many are not meeting their full potential.

Cyber InsurTech Stoïk bags €3.8m to push forward development

French firm Stoïk has raised €3.8m from a new funding round to help the company with its development efforts.

InsurTech100 company Novidea names new CMO

Novidea, which created the born-on-the-cloud, data-driven InsurTech platform, has named Julie Shafiki as its new chief marketing officer (CMO).

Majority of UK insurers set to boost premiums following FCA pricing legislation

Research from Trustly has found 74% of UK insurance firms plan to widen premiums to all customers following the Financial Conduct Authority’s (FCA) recent pricing review.

How will the FCA’s price walking ban impact the insurance industry?

A recent whitepaper by InsurTech firm Akur8 has provided insights into how the Financial Conduct Authority’s (FCA) price walking ban could impact the insurance industry.

InsurTech for elderly The Helper Bees bags Series B

The Helper Bees, an InsurTech company aimed at helping elderly people avoid care homes, has raised $12.8m in its Series B funding round.

Blink and AwayCare to alleviate flight stress

InsurTech Blink Parametric has partnered with managing general agent (MGA) AwayCare to provide real-time flight disruption cover solutions in Canada.

InsurePay bags funding to support fellow InsurTech acquisition

InsurePay, a billing and payments platform for property and casualty, has closed its Series B funding round.

Hippo and Socotra join forces for HOA expansion

US InsurTech Hippo is leveraging its partnership with cloud-native core platform for insurers Socotra to expand its Commercial Lines homeowners association (HOA) insurance product.

KYND lands funding in cyber risk management mission

KYND, provider of pioneering cyber risk management solutions for the insurance industry, has today announced a £3.25m investment from BGF.

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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