Sector Updates

German digital insurance startup Friday gets €114m of new investment

German digital insurance startup Friday has sealed €114m of new investment capital from VC and trade sources.

Auto and insurance data platform Xapix raises $2m in its Seed round

Xapix, a developer of digital mobility services for the automotive and insurance industries, has raised $2m in its Seed round.

Zego launches into Spain, alongside new Madrid office opening

London-based InsurTech startup Zego has launched its solution in Spain and opened a new office in Madrid.

Insurance companies cannot risk overlooking the importance of compliance

The insurance industry is relatively more focused on developing products and serving clients than further developing its compliance framework, according to Priscilla Cournède, head of group prudential and regulatory developments at SCOR.

Relation Insurance acquires employee benefits platform Villane Ward

Relation Insurance Service, and insurance brokerage company, has acquired employee benefits developer Villane Ward Insurance Services.

Wefox gathers $125m in Series B round as it eyes rest of Europe

Berlin-based InsurTech Wefox has reportedly raised $125m for its Series B funding round led by Mubadala Ventures. The Abu Dhabi government's venture arm used its newly...

Shift Technology accelerates growth drive following $60m Series C

AI-powered InsurTech Shift Technology is powering on with its expansion plans following a $60m Series C funding round led by Bessemer Venture Partners. The round, which was joined...

The CareVoice forms distribution partnership with Ping An Technology

The CareVoice, a Shanghai-based health InsurTech startup, has formalised a distribution partnership with Ping An Technology.

How can improved data access enhance insurance experiences for consumers

Partnering with companies in all industries can give insurance firms more in-depth data which will help to enhance customer experiences, according to Milan Sud, head of Innovation at AXA Partners UK.

Pie Insurance bags $45m in its Series B funding

Pie Insurance, a worker compensation insurance platform, $45m in its Series B funding round. Contributions to the round came from firms including SVB Capital, Sirius...

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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