Sector Updates

InsurTech100 company CoverWallet has released a new digital insurance product aimed at venture capital-backed startups.

The global insurance software market is expected to grow at a CAGR of 7% between 2020 and 2024, an increase of $5.19bn, according to a report from ResearchAndMarkets.com.

Insurance broker Acrisure has acquired AI-powered insurance platform Tulco with the goal of starting the deployment of “InsurTech at scale.”

Verisk Analytics has reportedly acquired geospatial technology company LocationAware.io to improve its property insurance solution.

Life insurance platform Covr Financial Technologies has secured a $7.5m investment to bring more products to market.

Travel insurance has been hit hard by the Covid-19 pandemic. There’s no need for buying a policy when you can’t leave your house, but as the lockdown measures begin to ease, holidays will be top of people’s priorities, giving travel insurance a much needed resurgence. Air Doctor has issued a white paper exploring the opportunity ahead.

Switzerland-based dacadoo, which is a digital transformation company for the healthcare space, has formed a partnership with SOMPO Himawari Life Insurance.

InsurTech startup Zego has inked a partnership with e-scooter company Ginger to support its trial in the UK.

Customers are demanding better customer experiences from insurers. Fortunately, technology could help.

InsurTech NY has opened the application window for its new InsurTech accelerator programme, which will focus on growth-stage startup.