Sector Updates

FCA begins regulating duties for the claims management industry

The UK’s Financial Conduct Authority (FCA) has begun regulating the claims management industry across England, Wales and Scotland.

Chinese InsurTech Waterdrop Company raises $74.2m in Series B round

China-based InsurTech Waterdrop Company has raised almost RMB500m ($74.2m) through its Series B funding round. Tech giant Tencent and Banyan Capital co-led the round with...

Slice launches new AI-powered solution to improve risk assessments

On-demand insurance startup Slice Labs has launched its new AI solution which helps companies to improve risk assessments.

InsurTech 100 company Wrisk surges past halfway mark for crowdfunding campaign

InsurTech 100 company Wrisk has surged past the halfway mark of its latest crowdfund, having pulled in up to £452,000.

Marsh launches Cyber Catalyst to help certify effective cybersecurity products

Global insurance broker Marsh has launched Cyber Catalyst which will help organisations make better informed decisions around cybersecurity products. The new service will bring together...

Sayata Labs secures $6.5m in its seed round of funding

Sayata Labs, a cybersecurity and cyber insurance platform for SMBs, has secured $6.5m in its seed round of funding and emerged from stealth.

Frontier Capital backs healthcare digital check-in, insurance eligibility provider Clearwave

Software and tech-enabled business services-focused growth equity firm Frontier Capital has invested in health system payments, insurance eligibility and digital check-in provider Clearwave Corporation.

Digit Insurance passes 2 million customers milestone

Digit Insurance, an India-based online insurance platform, has reached the two million customer milestone, just 16 months of being in operation.

SafetyWing partners with Eddy Travels to support medical cover when abroad

Digital travel medical insurance platform SafetyWing has formed a partnership with Eddy Travels.

Skymind scores $11.5m in its Series A round led by TransLink

Skymind, an AI-powered data science company, has scored $11.5m in its Series A round of funding.

News Stories

Producer licensing is one of those parts of insurance that tends to stay in the background until it starts slowing everything else down. As carriers expand their agent networks, the process of onboarding producers, managing appointments, and maintaining compliance records often still depends on fragmented systems and manual intervention.

Fixing the producer bottleneck in insurance distribution

Producer licensing is one of those parts of insurance that tends to stay in the background until it starts slowing everything else down. As...
Simply Business, a digital insurance marketplace, has launched a business insurance app on ChatGPT in the US, alongside a separate rollout in the UK.

Simply Business brings small business insurance pricing into ChatGPT

Simply Business, a digital insurance marketplace, has launched a business insurance app on ChatGPT in the US, alongside a separate rollout in the UK. The...
Cytora, a digital risk processing platform, has announced a strategic relationship with LexisNexis Risk Solutions to embed advanced data and analytics into its platform for US commercial insurers.Cytora, a digital risk processing platform, has announced a strategic relationship with LexisNexis Risk Solutions to embed advanced data and analytics into its platform for US commercial insurers.

Cytora partners LexisNexis to enhance US commercial underwriting

Cytora, a digital risk processing platform, has announced a strategic relationship with LexisNexis Risk Solutions to embed advanced data and analytics into its platform...
INSTANDA, a no-code insurance platform provider, has partnered with DataCrest, a workflow solutions firm, to enhance submission intake and quoting efficiency for insurers and MGAs.

INSTANDA and DataCrest team up to streamline insurance submissions

INSTANDA, a no-code insurance platform provider, has partnered with DataCrest, a workflow solutions firm, to enhance submission intake and quoting efficiency for insurers and...
Openly, a tech-enabled homeowners insurance provider, has secured a growth investment round led by existing investors Eden Global Partners, Advance Venture Partners and Gradient, with strategic participation from Allianz X.

Openly boosts expansion plans with funding and Allianz Re deal

Openly, a tech-enabled homeowners insurance provider, has secured a growth investment round led by existing investors Eden Global Partners, Advance Venture Partners and Gradient,...
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