Sector Updates

BGL Group launches AI tool to prevent false auto claims

BGL Group has launched an AI-powered counter fraud pre-sale technology solution, which will be capable of identifying criminal activity.

How the 34 FinTech rounds raised last week show where the InsurTech and cybersecurity...

Last week proved to be good week in terms of FinTech investment, with the rounds revealing the state of CyberTech and InsurTech.

+Simple closes €20m funding round and acquisition of April Enterprise

+Simple, which helps to simplify insurance underwriting, has closed a €20m funding round and the acquisition of wholesale broker April Entreprise.

Insurity aims to improve its predictive analytics claim solutions with ODG by MCG partnership

Hot on the heels of its acquisition of Virtual MGA in July, Insurity has inked a partnership with ODG by MCG.

InsurTech companies are improving their loss ratios

InsurTech ventures who struggled in the past are enjoying rapidly improving loss ratios, according to analysts at JMP Securities.

The Zebra is close to achieving a $100m run rate and has become profitable

After bagging $38.5m in a Series C round in February, InsurTech The Zebra has announced that it has almost achieved a $100m run rate and become profitable.

Root Insurance files for IPO

Hot on the heels of Lemonade's IPO this summer, Root has now added its name to the list of InsurTechs going public in 2020.

Tractable helps Admiral Seguros become first Spanish insurer to use AI for vehicle damage...

Admiral Seguros has allegedly become the first insurer in Spain to use artificial intelligence to assess vehicle damage, thanks to a new partnership with InsurTech startup Tractable.

Revolut inks deal with InsurTech SNACK in Singapore

Almost a year after Revolut went live in Singapore, the neobank has now cemented its hold of the market further by adding InsurTech SNACK to its offerings.

Superscript becomes registered Lloyd’s broker

Superscript has announced that it has become the first UK InsurTech company to be registered as a Lloyd's broker.

News Stories

Wellness programmes have become an increasingly common feature in life insurance offerings. Many insurers launch digital health initiatives with strong internal support and early customer interest. Yet maintaining engagement over time remains a persistent challenge.

Why life insurers struggle to sustain wellness programme engagement

Wellness programmes have become an increasingly common feature in life insurance offerings. Many insurers launch digital health initiatives with strong internal support and early...
INSTANDA has launched INSTANDA MAX, a new ‘underwriter-first’ capability designed to help commercial and non-admitted insurers underwrite tens of thousands of complex assets within a single policy in real time.

INSTANDA introduces MAX to scale commercial underwriting with AI

INSTANDA has launched INSTANDA MAX, a new ‘underwriter-first’ capability designed to help commercial and non-admitted insurers underwrite tens of thousands of complex assets within...
Acrisure has acquired technology-driven managing general agent Vave from Canopius Group, strengthening its position in the US insurance market and expanding its data-led underwriting capabilities.

Acrisure strengthens E&S underwriting with Vave acquisition

Acrisure has acquired technology-driven managing general agent Vave from Canopius Group, strengthening its position in the US insurance market and expanding its data-led underwriting...
Talanx AG has raised €1bn through a dual bond issuance aimed at strengthening its capital structure and supporting long term financial flexibility.

Talanx lands €1bn through dual bond issuance

Talanx AG has raised €1bn through a dual bond issuance aimed at strengthening its capital structure and supporting long term financial flexibility. The financing consists...
UK insurer Covéa is overhauling how it manages fraud and risk across the insurance lifecycle, selecting Shift Technology as a long-term strategic partner to support a new end-to-end approach spanning underwriting, claims and mid-term policy adjustments.

Covéa adopts Shift AI to unify underwriting and claims risk

UK insurer Covéa is overhauling how it manages fraud and risk across the insurance lifecycle, selecting Shift Technology as a long-term strategic partner to...
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