Hackers demand $1m from insurer Shirbit to keep compromised client data private
Hacking group Black Shadow has demanded to be paid almost $1m to keep the customer data it stole from Israeli insurance company Shirbit private.
UK InsurTech industry gives the spring budget’s measures a lukewarm welcome
Rishi Sunak, the chancellor of the Exchequer, announced a string of new initiatives to boost the InsurTech and FinTech industry as part of his first spring budget.
AgentSync secures $6.7m seed extension
InsurTech AgentSync has secured $6.7m in a new funding round led by Craft Ventures.
New reinsurer Conduit seals London’s third biggest IPO this year, value exceeds £826m
Newly-launched reinsurer Conduit Holdings has made a strong start to its time as a listed business after seeing its share value rise above its initial 500 pence offering in its first day of trading.
AXA XL improves its claims process through Xtract partnership
AXA XL has signed a multi-year partnership and licensing agreement with data aggregation platform Xtract to transform its auto claims management process.
dacadoo launches new health engagement service for insurers
dacadoo, which builds digitalisation services for the healthcare space, has released a new digital health engagement platform to meet changing demands of insurance customers.
UPS Capital Insurance Agency deploys its insurance services to AscendTMS
UPS Capital Insurance Agency is making its shipping insurance coverage options available to small and medium-sized businesses through AscendTMS.
Cybersecurity, InsurTech and neobank ventures led the 29 FinTech rounds raised last week
Out of the 29 FinTech funding rounds we reported on last week, cybersecurity companies, InsurTechs and challenger banks were among the clear winners.
Over two fifths of health insurers still lack a consumer facing app
Only 42% of health insurers in Europe have a consumer facing app, despite the rising importance of digitalisation, according to a new whitepaper from Scanbot.
Novidea – the future of broking
To succeed, the broker of the future must transition into a consultancy role that provides an enhanced service and greater value to customers. This means embracing change through customer-centric, data-first technologies, according to leading broker platform provider Novidea.
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