Sector Updates

Zywave acquires fellow InsurTech platform ITC to improve its sales cloud services

Insurance software developer Zywave has acquired Insurance Technologies Corporation (ITC), a provider of marketing, rating and management solutions for the insurance industry.

Hippo snaps up another $350m as the InsurTech industry seems to be reaching new...

Hippo is having a great 2020, having officially secured its unicorn status this summer and it now bagging a $350m investment just as the InsurTech industry seems to be recovering from a previous slump.

InsurTech100 company Novidea secures $15m Series B

Insurance software developer Novidea has closes its Series B round on $15m, as it looks to capitalise on its strong growth.

FCA Bank teams up with Yolo to support digital insurance services

FCA Bank, a ban dedicated to motorists, has teamed up with InsurTech platform Yolo to launch a digital insurance products through a newly-launched dedicated online platform.

Global cyber insurance market’s revenue expected to reach $70.67bn in 2030

The global cyber insurance market's revenue is expected to grow at a massive 26.3% compound annual growth rate in the next ten years to reach $70.67bn in 2030.

Sofia said to close $19m Series A round led by Index Ventures

Sofia, a telemedicine and insurance startup, has reportedly received $19m in its Series A investment round.

Healthy lifestyle reward platform Paceline scores $5m in its seed round

Paceline, which offers financial benefits for health living, has scored $5m in its seed round, which was co-led by Montage Ventures and Propel Venture Partners.

Do these 34 FinTech funding rounds suggest Covid-19 influences investment trends?

Fraud-fighting RegTechs and digital payment providers were among the 34 rounds raised by the FinTech industry last week, areas that are becoming more important during the pandemic.

Property insurance underwriting platform Flyreel soars to $10m Series A close

Flyreel, an AI-powered residential and commercial property insurance service, has closed its Series A round on $10m.

Omniscience launches new tool for customer intelligence

Omniscience, life insurance automation software, has released a new customer intelligence service to improve underwriting decisions.

News Stories

How reinsurers can demonstrate AML effectiveness

The reinsurance markets in the Cayman Islands and Bermuda represent one of the offshore financial world’s genuine success stories. Capital flows into these jurisdictions on the back of regulatory credibility, and as the markets have grown, so too has regulatory scrutiny.
PremFina lands £100m funding boost from Waterfall

PremFina lands £100m funding boost from Waterfall

PremFina, the UK's fastest-growing insurance premium finance provider, has expanded its junior capital facility with Waterfall Asset Management to £100m, upsizing and extending the...
Cytora and VulnCheck partner to sharpen cyber underwriting

Cytora and VulnCheck partner to sharpen cyber underwriting

Commercial insurers are set to gain a sharper view of cyber risk at the point of underwriting, following a new partnership between Cytora, the...

MAIB selects FINEOS to modernise claims management

The Motor Accidents Insurance Board (MAIB) of Tasmania, a government business enterprise providing compulsory third-party personal injury insurance to Tasmanian motorists, has selected the...
Vertafore's Project Impact saves agencies two hours a day

Vertafore’s Project Impact saves agencies two hours a day

Vertafore, a North American InsurTech, has announced that its Project Impact initiative has delivered on its promise to return up to two hours per...
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