Sector Updates

Brazil-based Pier reportedly raises $20m in its Series B

Brazilian InsurTech company Pier has reportedly raised $20m in its Series B funding round, as it looks to receive regulatory approval.

Marsh’s marketing arm acquires family-owned Vaaler Insurance

Marsh McLennan Agency (MMA), the marketing agency subsidiary of global insurance broker Marsh, has purchased Vaaler Insurance for an undisclosed fee.

Kalepa said to raise $14m in its Series A round

Kalepa, which provides AI-powered decision support for commercial Insurance underwriters, has reportedly raised $14m in its Series A round.

Verisk’s Sequel snaps up Manchester-based broking software specialist Ignite

Verisk-owned Sequel has acquired Ignite Software Systems, which provides policy administration systems to brokers, MGAs and insurers, for an undisclosed sum.

InsurTech AgentSync raises $25m in Series A funding round

US-based InsurTech AgentSync secured $25m in a new Series A funding round co-led by Lead Gil and David Sacks’ Craft Ventures.

Thailand-based InsurTech startup Sunday nets Series B round

Thailand-based InsurTech startup Sunday has reportedly collected $45m in its Series B funding round,

Why insurers need to leverage digitalisation and InsurTech to get a competitive advantage

Prior to the Covid-19 pandemic, the insurance sector was already a highly competitive space. Now, with more demand than ever for insurance, the market is going into overdrive.

Shepherd eyes strengthened workforce following $6.15m seed round

Commercial construction insurance business Shepherd has raised $6.15m from a seed funding round led by Spark Capital.

Tractable releases new AI tool that can assess vehicle damage within minutes

Tractable has released a new AI solution that can assess a vehicle’s external condition and possible damage within minutes.

How dacadoo’s personalised risk assessments can help insurers up their insurance game

Dacadoo’s new whitepaper outlined the tangible outcomes its Health Scoring technology can bring to healthcare expenditure savings.

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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