Sector Updates

AI chatbot developer Ada joins the unicorn club after Series C close

Automated customer experience software developer Ada has netted $130m in its Series C round, which puts its valuation at $1.2bn.

UNest teams up with Haven Life to offer rewards to customers

UNest, an investment platform aimed at parents, has formed a partnership with customer-centric life insurance agency Haven Life,

How a stop and learn approach can help insurers with their innovation and digitalisation

To be successful with innovation and digital transformation, insurance firms need to learn from when changes do not work out, according to Swiss Re UK digital transformation officer Pravina Ladva.

AI-driven fraud protection company for InsurTechs Shift Technology earns the horn after $220m round

SaaS provider of AI-driven decision automation and optimisation solutions for the insurance industry Shift Technology closed a $220m fundraising bringing its valuation to over $1bn.

Andreessen Horowitz leads Headway’s $70m Series B to help therapists accept insurance

Mental health startup Headway banked $70m in Series B funding led by Andreessen Horowitz in a bid to make mental healthcare more accessible and affordable.

InsurTech Sprout.ai lands £8m to speed up insurance claims process

London-based AI-driven InsurTech Sprout.ai bagged £8m in Series A funding led by Octopus Ventures.

Relay Platform said to close $5.2m in seed funding

Relay Platform, which helps brokers and underwriters place insurance and reinsurance quicker, has reportedly collected $5.2m in seed funding.

Majesco adds five to its L&A team

Cloud insurance software developer Majesco has expanded its life and annuity (L&A) business with five new leadership hires.

Kenyan InsurTech Lami secures $1.8m to scale its API platform across Africa

Nairobi-based InsurTech Lami Technologies secured $1.8m in a seed funding round led by Accion Venture Lab.

Stocard introduces post-purchase protection to provide users insurance

German FinTech company Stocard has launched a free buyers’ protection for all users of its Stocard Pay platform.

News Stories

Why pension transition overviews fail to communicate

Dutch pension insurers are producing transition overviews that tick every legal box and still leave participants fundamentally confused about what is happening to their...
Beazley, a London-listed specialty insurer, said shareholders have approved Zurich Insurance’s £8.1bn all-cash takeover of the company.

Beazley investors back £8.1bn Zurich takeover deal

Beazley, a London-listed specialty insurer, said shareholders have approved Zurich Insurance’s £8.1bn all-cash takeover of the company. The deal was backed by 99.9% of votes...
Canopy Connect has launched a new sharing path feature for its Insurance Intake Platform, designed to give insurance prospects more flexibility in how they share their insurance information.

Canopy Connect adds multi-option sharing path to intake platform

Canopy Connect has launched a new sharing path feature for its Insurance Intake Platform, designed to give insurance prospects more flexibility in how they...
The Zebra, an insurance comparison platform, has warned that rising homeowners' insurance premiums could place significant financial pressure on first-time homebuyers.

Rising home insurance premiums add pressure for first-time buyers

The Zebra, an insurance comparison platform, has warned that rising homeowners' insurance premiums could place significant financial pressure on first-time homebuyers. The company’s latest analysis...
EIS, an AI-native insurance core platform provider, has announced that Tokio Marine & Nichido Fire Insurance (TMNF) has deployed its ClaimPulse™ technology as part of a new overseas travel insurance offering.

Tokio Marine adopts ClaimPulse to automate travel insurance FNOL

EIS, an AI-native insurance core platform provider, has announced that Tokio Marine & Nichido Fire Insurance (TMNF) has deployed its ClaimPulse™ technology as part...
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