Sector Updates

Ping An leads the way for insurers’ response for coronavirus – GlobalData study claims

Ping An has led the way in terms of insurers’ Covid-19 response due to its digital capabilities, according to a report from GlobalData.

InsurTech startup Noyo secures $12.5m in its Series A

Noyo, health insurance data exchange platform, has scored $12.5m in its Series A funding round that was backed by Costanoa Ventures and Spark Capital.

Claims software platform PLNAR joins Guidewire’s PartnerConnect

Virtual claims technology company PLNAR has formed a partnership with Guidewire Software, a software platform for P&C insurers, to join the Guidewire PartnerConnect.

Warranty provider Servify nets $23m in its Series C

Servify, which offers warranty protection for devices, has closed its Series C round on $23m.

AI-powered InsurTech i3 Systems said to raise $1.5m in funding

AI platform for insurance i3 Systems has reportedly bagged $1.5m in a funding round, which will aid the enhancement of its technology.

Insurance platform Bright Health closes $500m Series E to support geographic growth

Health insurance company Bright Health has closed its Series E round on $500m, which brings its total capital raised to $1.5bn.

InsurTech unicorn Next Insurance scores $250m in its Series D

Small business insurance provider Next Insurance has scored $250m in its Series D round to help it grow the team by 50%.

Tech Nation names the 31 UK FinTechs in its new accelerator

Tech Nation has named the 31 UK-based FinTech startups it has welcomed into it latest accelerator programme.

EasySend bags $16m in new funding as Covid-19 boosts demand for its services

FinTech EasySend has secured $16m in new funding to make insurers and financial services firms' digital journeys easier as the coronavirus pandemic increases the demand for its services.

InsurTech Pie Insurance adds automated bind request to its portal

Hot on the heels of raising a $127m round in May, Pie Insurance has now announced that it has added automated bind requests within its partner portal.

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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