Sector Updates

Mercury Insurance releases cyber insurance for homeowners in California

Mercury Insurance has released home cyber protection coverage for homeowners and renters in California.

AXA completes strategic deal with Neptune Flood to boost protections in the US

AXA XL has entered a strategic digital flood insurance program administrator Neptune Flood to expand the reach of flood insurance policies in the US.

Private equity firm Tailwind Capital acquires risk management platform Ventiv

Mid-market private equity firm Tailwind Capital has acquired Ventiv Technology, a global software provider of integrated risk management solutions.

Root Insurance closes Series E valuing it at $3.65bn

Root Insurance, a property casualty InsurTech, has closed its Series E funding round on $523m, valuing it at $3.65bn.

TNEDICCA collects $750,000 to support expansion of its platform and services

TNEDICCA, which provides location-based traffic crash intelligence for auto insurance, has netted $750,000 in capital funding.

Hong Kong Exchanges and Clearing signs MOU with Ping An to boost FinTech sector...

Hong Kong Exchanges and Clearing Limited (HKEX) has entered a memorandum of understanding (MoU) with Ping An Insurance to enhance the region’s financial market ecosystem.

China-based Leyue Health said to bag $16m in funding

Leyue Health, a technology platform which aims to improve the settlement of commercial insurance, has reportedly raised 115 yuan ($16m) in funding.

Root launches insurance services in California

InsurTech unicorn Root Insurance has launched its services into California, making its services now available to 60 per cent of the US population.

Minuto Seguros reveals it’s total venture funding reaches $60m

Brazil-based online insurance broker Minuto Seguros has revealed it has raised $60m in funding since 2011.

Tech Nation unveils the 23 startups joining its second FinTech growth programme

From SME finance and RegTech solutions to payments and impact retail investment, the 23 startups selected to take part of the second instalment of...

News Stories

Beazley, a London-listed specialty insurer, said shareholders have approved Zurich Insurance’s £8.1bn all-cash takeover of the company.

Beazley investors back £8.1bn Zurich takeover deal

Beazley, a London-listed specialty insurer, said shareholders have approved Zurich Insurance’s £8.1bn all-cash takeover of the company. The deal was backed by 99.9% of votes...
Canopy Connect has launched a new sharing path feature for its Insurance Intake Platform, designed to give insurance prospects more flexibility in how they share their insurance information.

Canopy Connect adds multi-option sharing path to intake platform

Canopy Connect has launched a new sharing path feature for its Insurance Intake Platform, designed to give insurance prospects more flexibility in how they...
The Zebra, an insurance comparison platform, has warned that rising homeowners' insurance premiums could place significant financial pressure on first-time homebuyers.

Rising home insurance premiums add pressure for first-time buyers

The Zebra, an insurance comparison platform, has warned that rising homeowners' insurance premiums could place significant financial pressure on first-time homebuyers. The company’s latest analysis...
EIS, an AI-native insurance core platform provider, has announced that Tokio Marine & Nichido Fire Insurance (TMNF) has deployed its ClaimPulse™ technology as part of a new overseas travel insurance offering.

Tokio Marine adopts ClaimPulse to automate travel insurance FNOL

EIS, an AI-native insurance core platform provider, has announced that Tokio Marine & Nichido Fire Insurance (TMNF) has deployed its ClaimPulse™ technology as part...
SoundHound AI, a conversational AI technology firm, has agreed to acquire enterprise messaging platform LivePerson in a deal designed to create an end-to-end omnichannel conversational AI platform for global enterprises.

SoundHound buys LivePerson to build omnichannel AI platform

SoundHound AI, a conversational AI technology firm, has agreed to acquire enterprise messaging platform LivePerson in a deal designed to create an end-to-end omnichannel...
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