Sector Updates

Stand, an innovative insurance company focused on protecting catastrophe-exposed properties, has closed a $35m Series B funding round.

Stand raises $35m to grow resilience-linked insurance

Stand, an innovative insurance company focused on protecting catastrophe-exposed properties, has closed a $35m Series B funding round. The funding round was led by Eclipse,...
Beacon.li, the enterprise AI orchestration platform, has launched a new suite of AI-powered agents designed specifically for the insurance sector.

Beacon.li AI agents cut insurance quote and claims times

Beacon.li, the enterprise AI orchestration platform, has launched a new suite of AI-powered agents designed specifically for the insurance sector. The launch comes as digital...
Profitable growth in a soft market: How contextual AI and decision intelligence are redefining insurance

Profitable growth in a soft market: How contextual AI and decision intelligence are redefining...

After more than five years of hard market conditions, the insurance sector is now shifting into a soft market. This shift means firms will need to change their strategies to ensure they can stay competitive and profitable. Quantexa VP Insurance Alex Johnson believes Contextual AI and Decision Intelligence is the key to achieving this.
Liberate, a San Francisco-based AI startup specialising in automating insurance operations, has secured $50m in a funding round led by Battery Ventures.

Liberate raises $50m to transform insurance operations with AI

Liberate, a San Francisco-based AI startup specialising in automating insurance operations, has secured $50m in a funding round led by Battery Ventures. The capital injection...
Zurich Insurance has partnered with Quantexa, a UK-based AI and data analytics company specialising in Decision Intelligence, to improve real-time claims detection and decision-making across Zurich’s insurance operations.

Zurich partners with Quantexa to improve claims insights

Zurich Insurance has partnered with Quantexa, a UK-based AI and data analytics company specialising in Decision Intelligence, to improve real-time claims detection and decision-making...
insured.io, a leading provider of omnichannel platforms for insurers, has launched an AI-powered virtual agent designed to bolster customer interactions.

insured.io unveils AI-powered virtual agent for insurers

insured.io, a leading provider of omnichannel platforms for insurers, has launched an AI-powered virtual agent designed to bolster customer interactions. The launch comes as mid-sized...
AXA Partners has joined forces with bolttech, a leading global InsurTech, in a new long-term strategic partnership to deliver embedded insurance and assistance solutions across the European Union, the United Kingdom, and Switzerland.

AXA Partners and bolttech unite for embedded insurance push

AXA Partners has joined forces with bolttech, a leading global InsurTech, in a new long-term strategic partnership to deliver embedded insurance and assistance solutions...
Afori raises €4m to launch AI platform for insurance brokers

Afori raises €4m to launch AI platform for insurance brokers

Afori, a new AI platform built specifically for insurance brokers, has emerged from stealth with the announcement of a €4m pre-seed funding round.
Erie Strategic Ventures backs Atomic and Feathery

Erie Strategic Ventures backs Atomic and Feathery

Erie Strategic Ventures, the venture capital arm of Erie Insurance, has announced investments in two technology-driven startups, Atomic and Feathery. The fund, launched in 2022,...
CLARA Analytics, a leading provider of AI solutions for insurance claims optimisation, data-driven insights, and operational efficiency, has unveiled a groundbreaking solution designed to transform fragmented insurance data into AI-ready intelligence.

CLARA Analytics launches DEaaS to transform insurance AI

CLARA Analytics, a leading provider of AI solutions for insurance claims optimisation, data-driven insights, and operational efficiency, has unveiled a groundbreaking solution designed to...

News Stories

Mapfre takes 38.9% stake in InsurTech Tuio

Mapfre takes 38.9% stake in InsurTech Tuio

Mapfre, the insurance group, has agreed to take a holding in Tuio, a specialist digital insurance distributor built on advanced technology and a mature...
Verisk deepens event response with MIS acquisition

Verisk deepens event response with MIS acquisition

Verisk, a strategic data analytics and technology partner serving the global insurance sector, has completed the purchase of McKenzie Intelligence Services (MIS), a firm...
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...
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