Sector Updates

omni:us collects $13m in its Series A to boost US growth

omni:us, an AI-powered claims management platform, has collected $13m in its Series A round which is being used to drive US expansion efforts.

Mylo to help new homeowners find the best insurance

Digital broker Mylo will supply MooveGuru’s clients with home insurance quote comparisons after new partnership.

How a nightmare journey sparked the launch of InsurTech Air Doctor

Travelling is often synonymous with finding oneself and not launching new businesses. However, an illness-ridden holiday led to the launch of Air Doctor, a travel InsurTech.

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...

News Stories

The US insurance distribution ecosystem is one of the largest and most complex financial services networks in the world. Millions of licensed producers, tens of thousands of independent agencies, and a growing volume of licensing and compliance transactions all play a role in how insurance products reach customers.

What the latest data says about the US insurance producer landscape

The US insurance distribution ecosystem is one of the largest and most complex financial services networks in the world. Millions of licensed producers, tens...
Cover Genius, an embedded protection InsurTech, has partnered with Tongcheng Travel, an Asian online travel platform, to introduce embedded travel insurance for international customers in Malaysia and the Philippines.

Cover Genius expands Asia travel insurance footprint with Tongcheng Travel

Cover Genius, an embedded protection InsurTech, has partnered with Tongcheng Travel, an Asian online travel platform, to introduce embedded travel insurance for international customers...
Sixfold, an underwriting AI platform provider, has upgraded its AI Underwriting Brain with a new capability designed to capture and scale underwriting expertise across organisations.

Sixfold enhances underwriting AI with institutional knowledge engine

Sixfold, an underwriting AI platform provider, has upgraded its AI Underwriting Brain with a new capability designed to capture and scale underwriting expertise across...
Aviva, a UK insurance group, has expanded its AI-powered underwriting summarisation tool to individual critical illness applications, marking a further step in its use of generative AI across protection insurance.

Aviva rolls out AI-powered critical illness underwriting capability

Aviva, a UK insurance group, has expanded its AI-powered underwriting summarisation tool to individual critical illness applications, marking a further step in its use...
Zego secures $28m to expand telematics in Japan

Zego secures $28m to expand telematics in Japan

Zego, a UK-based digital motor InsurTech, has announced a strategic partnership with Sompo Holdings, one of Japan's largest insurance groups, as part of a...
224931

60,000+ InsurTech leaders get exclusive insights delivered every week