Sector Updates

Market consolidation in InsurTech: who wins and who loses?

An increased demand of InsurTech services has continued to attract steady stream of innovative new entrants to the industry, and incumbents have had to...

WTW offloads treaty reinsurance brokerage business to Gallagher for $3.25bn

Willis Towers Watson has completed the sale of all its treaty reinsurance brokerage operations to global insurance firm Gallagher.

HealthySure secures funding to provide health security to India

Mumbai-based InsurTech platform HealthySure, has raised an undisclosed amount of funding in a pre-Series A round from We Founder Circle (WFC) and others, a...

Lyanne, the voice for policyholders, lands funding

Paris-headquartered Lyanne, which aims to simplify insurance claims management on behalf of policy holders, has raised €1.2m in seed funding.

Octamile raises $500,000 as it exits stealth

Nigeria-based InsurTech startup Octamile has come out of stealth mode with $500,000 from a pre-seed funding round led by EchoVC.

InsurTech startup Betterfly recruits Chubb for Latin America expansion

Property and casualty insurer Chubb has formed a digital alliance with Betterfly, a Latin America-based digital benefits platform used by companies to encourage employee commitment to self-care.

Kin launches its landlord insurance plan in Florida

Kin, which is transforming home insurance through technology, has launched its landlord insurance plans, which will debut in Florida.

Socotra and omni:us join forces for better customer experience

Socotra, a cloud-native core platform for insurers, is to partner with provider of intelligent insurance claims automation omni:us. Socotra said that together with omni:us, it...

Delos secures funding to insure homes at risk of wildfires

Delos Insurance Solutions, a catastrophe insurance managing general agency (MGA) with a specialty in California wildfire-related risks, has closed a $5.3m seed funding round. The round...

Azos secures funding to modernise life insurance in Brazil

Brazilian digital life insurance provider Azos has raised $10m in a Series A funding round led by Prosus Ventures, a report by Coverager has revealed.

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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