Sector Updates

Scout Security Limited, a security-as-a-service platform provider, has partnered with Bolt Solutions Inc., a global InsurTech company, to provide water damage prevention solutions to insurance policyholders.

Bolt Solutions partners with Scout Security for prevention tech

Scout Security Limited, a security-as-a-service platform provider, has partnered with Bolt Solutions Inc., a global InsurTech company, to provide water damage prevention solutions to...
Cowbell, a provider of adaptive cyber and specialty insurance solutions for small and mid-market organisations, has named a new chief financial officer as it enters the next phase of its global growth strategy.

Cowbell names John Botros CFO amid next phase of growth

Cowbell, a provider of adaptive cyber and specialty insurance solutions for small and mid-market organisations, has named a new chief financial officer as it...
Howden, a global insurance broking group, has agreed to acquire Atlantic Global Risk LLC, an independent transaction liability insurance broker focused on complex M&A and private equity risks in North America.

Howden buys Atlantic Global Risk to expand US transaction liability reach

Howden, a global insurance broking group, has agreed to acquire Atlantic Global Risk LLC, an independent transaction liability insurance broker focused on complex M&A...
Outmarket, a leading insurance platform, has launched Outmarket Proposal Builder, a new workflow designed to drastically reduce the time commercial insurance brokers spend creating proposals.

InsurTech Outmarket speeds up commercial insurance proposals

Outmarket, a leading insurance platform, has launched Outmarket Proposal Builder, a new workflow designed to drastically reduce the time commercial insurance brokers spend creating...
Tata Consultancy Services (TCS) has expanded its partnership with Aviva, the UK’s leading insurance provider, with its FCA-regulated subsidiary Diligenta UK set to manage more than 6.5m policies under end-to-end administration services. The expansion covers an additional portfolio of Life Insurance business, enabling Aviva to deliver digitally transformed services, experiences, and outcomes for its customers. This enterprise-level digitisation approach follows New Consumer Duty Principles, focusing on positive outcomes for policyholders. Key initiatives include self-service capabilities, digitally powered service delivery centres, and a simplified technology landscape. TCS leverages its BaNCSTM platform and contextual knowledge to enhance service quality for all stakeholders, including policyholders, advisers, and operational staff. The platform enables faster resolutions, improved access to information, and better outcomes for customers. Diligenta has successfully migrated several million policies to TCS BaNCSTM and remains committed to providing highly digitised, automated services that enhance customer experiences. Residing on a digital core, TCS BaNCSTM for Life Insurance and Pensions supports conversational interfaces that guide users through their business journeys. Its new product configurator allows agile product launches in days, while a rich set of domain APIs enables interoperability across channels and business lines. The platform’s one ecosystem and open products philosophy support advanced digital portals with built-in first-point resolution (FPR), straight-through processing (STP), and risk control features, offering policyholders enhanced self-service and contextualised insights. R Vivekanand, President, BFSI Products & Platforms, TCS, said, “Our enduring partnership with Aviva, established on mutual trust and commitment over many years, has continually strengthened and delivered a better experience for customers. Aviva’s ongoing trust in our services, and their decision to entrust us with additional portfolios, demonstrates the depth of our collaboration. We remain dedicated to delivering an exceptional experience for Aviva and its customers. We continue to invest in our TCS BaNCSTM platform and services to stay ahead in the fast-changing tech landscape, as we strive to enhance end-to-end customer experience benchmarks within the UK Life and Pensions industry.” Keep up with all the latest FinTech news here  Copyright © 2026 FinTech Global

TCS partners with Aviva to manage 6.5m life insurance policies

Tata Consultancy Services (TCS) has expanded its partnership with Aviva, the UK’s leading insurance provider, with its FCA-regulated subsidiary Diligenta UK set to manage...
Convr AI®, an AI underwriting and document automation provider for commercial insurers, has partnered with Zurich North America to achieve faster, more accurate underwriting and improved customer experience.

Convr AI expands AI workbench with Zurich North America

Convr AI®, an AI underwriting and document automation provider for commercial insurers, has partnered with Zurich North America to achieve faster, more accurate underwriting...
Hannover Life Reassurance Company of America has announced a significant leadership transition, as it looks to begin a new chapter for its US operations.

Hannover Re US announces new CEO

Hannover Life Reassurance Company of America has announced a significant leadership transition, as it looks to begin a new chapter for its US operations. The...

JAB Insurance to enter UK retirement market

JAB Insurance has agreed to buy the life and pensions business of Utmost Group plc, marking its first major expansion into the UK retirement...
Nirvana

AI insurer Nirvana raises $100m to see value surge to $1.5bn

Nirvana Insurance, an AI-native commercial insurer, has secured $100m in a pre-emptive extension to its Series D funding round, pushing its valuation to $1.5bn. The...
Enzo

German InsurTech Enzo secures €4m to scale tech

German InsurTech and PropTech startup Enzo has raised a further €4m in a Seed extension round, taking its total Seed funding to €6.2m. The round...

News Stories

Ominimo reaches $1.6bn valuation with AI motor insurance

Ominimo reaches $1.6bn valuation with AI motor insurance

Ominimo, a Budapest-based InsurTech using AI and advanced data analytics to transform motor insurance, has secured $22.5m in Series B funding at a $1.6bn valuation,...
Can Curant.ai solve insurance’s claims complexity problem?

Can Curant.ai solve insurance’s claims complexity problem?

Curant.ai, an AI-powered InsurTech platform focused on modernising insurance claims, has secured $3.1m in seed funding as insurers look to move from early AI...
Can commercial carriers survive the end of the hard market?

Can commercial carriers survive the end of the hard market?

The prolonged hard market in North American commercial insurance has begun to ease, creating a new challenge for property and casualty (P&C) insurers as...
NatWest launches home cover tracker with Uinsure

NatWest launches home cover tracker with Uinsure

NatWest, one of the UK's largest retail banks, has joined forces with InsurTech platform Uinsure in an exclusive tie-up aimed at making home cover...
Navacord enters Newfoundland through Steers deal

Navacord enters Newfoundland through Steers deal

Navacord, the insurance brokerage, has partnered with Steers Insurance Limited, a move that takes the consolidator into Newfoundland and Labrador for the first time...
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