Sector Updates

Penni.io said to bag €2m in funding from angels

Penni.io, which helps insurance providers sell policies online, has reportedly collected €2m from angel investors.
In the ever-evolving landscape of banking, financial services, and insurance (BFSI), a groundbreaking movement is underway, poised to revolutionise traditional operations and service delivery. At the forefront of this transformation is Intelligent Process Automation (IPA) – a pioneering blend of Artificial Intelligence (AI) and advanced process automation technologies. IPA is not merely an incremental improvement; it represents a paradigm shift, specifically engineered to automate written inquiries. InsurTech firm Simplifai investigates this pioneering technology. 

India’s Paytm gets its insurance brokerage license

Payment giant Paytm has received a new insurance brokerage license from India’s Insurance Regulatory and Development Authority.

Setoo to offer ski insurance through Issta new partnership

Setoo, an online insurance and protection service, is supplying ski holiday insurance solutions in partnership with travel agency Issta.

InsurTech Zego secures French broker licence to avoid Brexit fallout

French regulator ORIAS has given London-based InsurTech Zego a French insurance broker licence.

Eight FinTech and RegTech companies you missed at Sthml Fintech Week

From: RegTech Analyst The Nordics’ FinTech scene is buzzing with potential, which was evident by the trailblazing companies recently attending Sthlm Fintech Week. The Stockholm event was full...

Anthemis announces new $90m InsurTech-focused fund

Venture capital investor Anthemis is doubling down on its efforts to help entrepreneurs revolutionise the financial industry with its new InsurTech-focused fund.

“Someone was going to change the rules” – How Insurtech Gateway became an incubator...

Insurtech Gateway has quickly made a name for itself as a champion for early-stage InsurTech startups since the launch in 2017, but the incubator’s...

Tractable scored $25m in its Series C round as it eyes new markets

Tractable, which develops AI solutions for accident and disaster recovery, has collected $25m in its Series C round which was led by Georgian Partners.

Aventus collects £2.6m in its funding round to help scale operations

Aventus, a B2B digital insurance platform, has collected £2.6m in its funding round which will be used to scale up the business.

Covered Insurance Solutions receives a strategic investment

Digital agency Covered Insurance Solutions has received a strategic investment from Radian Group, a provider of mortgage insurance and other related services.

News Stories

Wtp shifts pension accountability to insurers

Wtp shifts pension accountability to insurers

WealthTech company Kidbrooke has outlined why the Netherlands' transition to the Wet toekomst pensioenen (Wtp) has redrawn the lines of accountability in pension communication. In...
Travel InsurTech Insurteam bags $1.3m to scale

Travel InsurTech Insurteam bags $1.3m to scale

Swiss InsurTech startup Insurteam, which automates sales and claims management for the travel insurance sector, has completed a $1.3m funding round aimed at driving...
Canadian auto lenders are facing mounting pressure as funding costs fluctuate, competition intensifies, and borrowers become increasingly sensitive to interest rates. At the same time, dealers expect rapid decisions and competitive offers at the point of sale.

Why Canadian auto lenders are rethinking pricing strategies

Canadian auto lenders are facing mounting pressure as funding costs fluctuate, competition intensifies, and borrowers become increasingly sensitive to interest rates. At the same...
Mortgage lenders face growing pressure to deliver faster and more personalised customer experiences. Rising borrower expectations, broker-led distribution models, and the need to modernise legacy systems are forcing lenders to rethink how lending journeys are designed.

Why personalisation is becoming essential in mortgage lending

Mortgage lenders face growing pressure to deliver faster and more personalised customer experiences. Rising borrower expectations, broker-led distribution models, and the need to modernise...
InsurTech Eleos Life has secured $3m in capital from Mercurius Media Capital (MMC), a US-based media-for-equity venture fund, to accelerate brand awareness and customer acquisition across the United States.

Eleos Life raises $3m from Mercurius Media Capital

InsurTech Eleos Life has secured $3m in capital from Mercurius Media Capital (MMC), a US-based media-for-equity venture fund, to accelerate brand awareness and customer...
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