Irys raises $12.5m as Markd backs next-gen InsurTech platform

Irys, an InsurTech company rebuilding insurance infrastructure from the ground up, has raised $12.5m in a seed round led by Markd, with participation from Deepwork Capital, Florida Opportunity Fund, Ansay & Associates, HICO Ventures, and JMG Capital.

Irys raises $12.5m as Markd backs next-gen InsurTech platform

October 15, 2025

Irys, an InsurTech company rebuilding insurance infrastructure from the ground up, has raised $12.5m in a seed round led by Markd, with participation from...

AdvantageGo, a leader in intelligent SaaS-based software solutions, has launched version 3.0 of its Underwriting Workbench platform.

AdvantageGo unveils AI-powered Underwriting Workbench v3.0

October 15, 2025

AdvantageGo, a leader in intelligent SaaS-based software solutions, has launched version 3.0 of its Underwriting Workbench platform. The latest release is designed to strengthen the...

Akur8, the next-generation insurance pricing and reserving solution powered by transparent machine learning, has announced the launch of Rate Repo and Deploy, two new additions to its pricing suite.

Akur8 unveils new Rate Repo and Deploy solutions

October 15, 2025

Akur8, the next-generation insurance pricing and reserving solution powered by transparent machine learning, has announced the launch of Rate Repo and Deploy, two new...

Kalepa, the leader in AI-powered underwriting solutions, and AmRisc, the largest catastrophe-focused Managing General Agent (MGA) in the United States, have announced a strategic partnership to enhance core underwriting operations at scale.

AmRisc selects Kalepa to scale complex risk underwriting

October 14, 2025

Kalepa, the leader in AI-powered underwriting solutions, and AmRisc, the largest catastrophe-focused Managing General Agent (MGA) in the United States, have announced a strategic...

HOOTL, an AI-first company focused on revolutionising healthcare insurance processing, has secured $6.5m in Series A funding, aiming to address inefficiencies in claim validation and policy management.

HOOTL raises $6.5m to transform healthcare insurance

October 14, 2025

HOOTL, an AI-first company focused on revolutionising healthcare insurance processing, has secured $6.5m in Series A funding, aiming to address inefficiencies in claim validation...

The recent Salesloft–Drift OAuth breach illustrates a new headache for cyber insurers: the hidden risks lurking in SaaS supply chains. Running from August 8 to August 18, the attack impacted roughly 700 organisations. By exploiting trusted integrations, attackers bypassed multi-factor authentication (MFA), turning OAuth tokens – digital keys that allow apps to access accounts without passwords – from the Drift–Salesforce connector into unrestricted access. This gave them entry to sensitive customer data, cloud credentials, and other critical assets.

SaaS supply chain compromises: a headache for insurers

October 14, 2025

The recent Salesloft–Drift OAuth breach illustrates a new headache for cyber insurers: the hidden risks lurking in SaaS supply chains. Running from August 8...

US cemented its place as the leader in the InsurTech market with over half...

October 14, 2025

Key Global InsurTech investment stats in Q3 2025: Global InsurTech deal activity grew by 19% QoQ in Q3 US companies secured over half of...

Allianz Global Assistance Canada, and Air Doctor, a telemedicine platform offering virtual and in-person medical services worldwide, have joined forces to enhance healthcare access for travellers.

Air Doctor teams up with Allianz for global telemedicine access

October 13, 2025

Allianz Global Assistance Canada has partnered with Air Doctor, a telemedicine platform offering virtual and in-person medical services worldwide, to enhance healthcare access for travellers. The...

ClaimSorted, an InsurTech start-up transforming how insurers handle claims, has raised $13.3m in a seed funding round aimed at modernising one of the industry’s most outdated processes.

ClaimSorted raises $13.3m to transform insurance claims

October 13, 2025

ClaimSorted, an InsurTech start-up transforming how insurers handle claims, has raised $13.3m in a seed funding round aimed at modernising one of the industry’s...

Insurers are dreaming of AI, but many are still anchored to outdated systems. A 2024 Novidea survey found that 41% of insurance professionals admit their core systems haven’t been updated in over five years. Even more striking, 76% of large firms rely on six or more systems, and nearly a fifth operate with ten or more. This tangled web of legacy technology undermines data quality, security, and scalability, threatening the very potential of AI to transform business.

Inside insurance’s legacy tech problem

October 13, 2025

Insurers are dreaming of AI, but many are still anchored to outdated systems. A 2024 Novidea survey found that 41% of insurance professionals admit...