Sector Updates

UK InsurTech startup Coverly shuts down

InsurTech platform Coverly is closing up shop and is no longer offering small business insurance.

InsurTech solution developer Insurity acquires Virtual MGA

Cloud-based core system Insurity has acquired Texas-based Virtual MGA, an authority underwriting and distribution solution.

Miss these 27 funding rounds at your own peril

From stocktrading to teenage finances, last week's funding rounds provide plenty of things to consider for the future of the industry.

Cryptoasset insurance platform Evertas said to raise $2.8m in its seed round

Cryptoasset insurance startup Evertas has reportedly raised $2.8m in its seed funding round.

UK InsurTech Brolly has been acquired by Direct Line Group and will be shutting...

Having kicked off its journey four years ago, UK-based InsurTech startup Brolly is now closing its books after being acquired by Direct Line Group.

iptiQ forms deal with UBS to help mortgage customers get better protection

White-labelling digital insurance platform iptiQ has teamed up with UBS to launch integrated bancassurance solutions for mortgage customers.

Just Auto to protect Smartcar drivers in Arizona

Just Auto Insurance, which recently closed a $5.7m funding round, has formed a partnership with car manufacturer Smartcar.

Global InsurTech deal activity increased year-on-year in H1 2020 as India saw resurgence

Companies in India more than doubled their share of global deal activity in less than two years.

How will the coronavirus impact funding into InsurTech during and post the pandemic?

When major FinTech companies like Monzo suffer a down round, it can causes a cloud of fear over the market, but there will still be a need for digital financial and insurance solutions post-pandemic.

Berxi to supply insurance through GreenLight Workforce

Berxi, a division of Berkshire Specialty Insurance, is supplying independent professionals access liability insurance products through GreenLight Workforce Solutions.

News Stories

Why “UK-hosted” cloud doesn’t mean what you think

Cloud computing has become a core function in modern finance and while many depend on it to store their sensitive data, they do not...
Quandri has announced new integrations with Vertafore AMS360 and HawkSoft, expanding access to its AI-powered renewal intelligence platform across two of the most widely used agency management systems in North America.

Quandri brings AI renewal automation to more North American agencies

Quandri has announced new integrations with Vertafore AMS360 and HawkSoft, expanding access to its AI-powered renewal intelligence platform across two of the most widely...
Atrium has deployed Sofix’s BrokerBrief solution to bring AI-powered claim analysis and summaries directly into its claims workflow across all classes of business.

Atrium deploys Sofix AI tool to streamline claims analysis

Atrium has deployed Sofix’s BrokerBrief solution to bring AI-powered claim analysis and summaries directly into its claims workflow across all classes of business. The deployment...
AI underwriting platform Sixfold has partnered with Munich Re to integrate its technology into Realytix Zero, the reinsurer’s cloud-based automated underwriting platform.

Munich Re integrates Sixfold AI to streamline underwriting workflows

AI underwriting platform Sixfold has partnered with Munich Re to integrate its technology into Realytix Zero, the reinsurer’s cloud-based automated underwriting platform. The integration enables...
Commercial insurance broker Pelican Insured has deployed the nCino SmartBroker × Acturis platform as part of its strategy to scale operations and strengthen client acquisition, compliance and underwriting processes.

Pelican Insured transforms broker workflows with nCino SmartBroker

Commercial insurance broker Pelican Insured has deployed the nCino SmartBroker × Acturis platform as part of its strategy to scale operations and strengthen client...
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