Sector Updates

Slide closes Series A, wields big data over the competition

Slide, a full-stack homeowners InsurTech, has closed an oversubscribed $100m Series A funding round. The round was led by Gries Investment Funds and Tampa Bay...

Corvus and CyberCube corroborate for cyber insurance underwriting

Corvus Insurance, a provider of smart commercial insurance products powered by AI-driven risk data, is to use CyberCube’s Portfolio Manager to better analyse and...

InsurTech Continuity bags $5m seed to launch AI assistant, expand team

Continuity, a company that uses AI to help insurers bolster underwriting for SMEs, has secured $5m from a seed financing raise.

Mouro invests in Vesttoo’s tech-driven approach to reinsurance

Israel-based alternative reinsurance and investment platform Vesttoo has landed $15m in Series B equity investment from Mouro Capital. Also participating in the round was MS&AD...

Reckless driving and rising insurance rates, Insurify reveals state of American roads

US-based virtual insurance agent Insurify has reported that auto insurance costs have risen by 12% between 2020 and 2021, and are expected to continue...

Swiss Re, Baidu partnership to put breaks on autonomous driving risks

Zurich-based reinsurance company Swiss Re?has partnered with Chinese tech giant Baidu to provide risk management expertise and insurance products for Baidu autonomous driving business.Autonomous...

Kettle secures funding to extend California wildfire insurance safety net

Reinsurance startup Kettle has snared $25m in Series A funding to expand insurance coverage for those affected by wildfires in California.

Experian snaps up InsurTech, PayTech firms in $353m acquisition sweep

Credit rating agency Experian has acquired insurance aggregator Gabi and digital payments business PagueVeloz for a combined sum of $353m.

Rey Assurance bags funding as it scales partnership efforts

Rey Assurance, which claims to be Indonesia’s first dedicated and integrated health, life and critical illness InsurTech, has extended its pre-seed round.

Demex, Vave team to offer extreme temperature insurance to US homes

Climate-resilience technology provider Demex has teamed with underwriting MGA Vave to provide extreme temperature insurance to US commercial properties.

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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