Sector Updates

From fame to FinTech: ten celebrity-backed financial firms you must know about

Over the past few decades, celebrities have increasingly taken on roles that go beyond the world of glitz and glam to becoming the next generation of FinTech investors. And the trend seems to be here to stay.

Tractable helps Sara Assicurazioni become first Italian insurer to leverage AI for vehicle damage...

Sara Assicurazioni has become the first Italian insurance firm to leverage AI to enhance vehicle damage assessments and estimates, thanks to a deal with InsurTech100 company Tractable.

Indian cricket captain Virat Kohli-backed Digit insurance hits $3.5bn value after fresh funding

Bengaluru-based general insurance company offering health, car, bike, and travel insurance Digit Insurance valued at $3.5bn after raising $200m led by Faering Capital.

The 29 FinTech rounds raised last week prove that crypto firms and InsurTechs will...

The FinTech space continues to grow with no sign of slowing down and the 29 rounds raised week prove that, with cryptocurrency companies and InsurTechs being the leading sub-sectors.

RoofMarketplace said to raise $1.1m in its seed round

RoofMarketplace has reportedly netted $1.1m in its seed funding round to support its national expansion.

Quantum Assurance teams up with Openly to improve customer experience

Quantum Assurance will improve its customer experience through a new partnership with homeowners insurance company Openly.

Penn River teams up with Hannover Life US to offer reinsurance policies

Life and annuity software developer Penn River has teamed up with Hannover Life Reassurance Company of America to offer reinsurance options on its platform.

Milliman unveils suite of flood InsurTech products to ease market entry for private insurers

Global consulting and actuarial firm Milliman launched a new suite of flood InsurTech products that offers a comprehensive solution for startups, carriers and MGAs looking to enter the private flood insurance market.

iptiQ teams up with ImmoScout24 to provide landlords with rent loss insurance

Swiss Re’s iptiQ has teamed up with ImmoScout24, an online real estate platform, to provide landlords with insurance products to protect them from uncertainties with renting.

Israeli VC JVP leads $35m funding for INSHUR to help scale its auto insurance...

Global commercial InsurTech INSHUR completed an additional Series B which brought the total funding to $35m led by JVP alongside existing investors Viola Fintech and MTech Capital.

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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