Sector Updates

InShare collects $7.5m to support new product launches

InShare, which claims to provide workers with cheaper insurance policies, has collected $7.5m in its seed funding round.

Sayata aims to expand insurance footprint with $17m Series A

Insurance broker marketplace Sayata has bagged $17m from a Series A funding round led by Team8 Capital and Vertex Ventures.

FCA concerned insurers unprepared for governance regulation

The UK Financial Conduct Authority worries many insurance firms are not prepared for upcoming product governance regulation changes.

Koop Technologies closes seed funding for its autonomous vehicle data platform

Koop Technologies, an InsurTech aimed at the autonomous vehicle market, has secured $2.5m in its seed round.

Tysers unveils new cloud-based policy consolidation platform

Global insurance broker Tysers who launched TConnect, an insurance platform that is designed to consolidate processes and automate the life cycle of a policy.

Guidewire acquires InsurTech data analytics platform

AI-powered software developer Guidewire Software has acquired HazardHub, an API-driven property risk insights provider.

Appulate teams up with fellow InsurTech company

Appulate, a technology provider to MGAs, agents and carriers, has teamed up with Incandesco, which offers a digital marketplace for insurers.

Balance Re secures $10m from Anthemis-led Series A

Life reinsurance company Balance Re has raised $10m from a Series A funding round led by Anthemis Group.

InsurTech market expected to generate over $158bn by 2030

A report published by Allied Market Research has detailed that the InsurTech market is expected to garner $158.99bn globally by 2030.

Mobility insurance platform DigiSure comes out of stealth with $13.1m funding

San Francisco-based mobility insurance platform Digisure launched its embedded protection platform following a $13.1m funding round led by Morado Ventures.

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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