Sector Updates

Insurers gain transparency with Ortec Finance’s SBML

Insurers gain transparency with Ortec Finance’s SBML

Ortec Finance has expanded its Scenario-Based Machine Learning (SBML) approach, and has showcased it through a case study with M&G Investments. The case study...
Sixfold, an underwriting AI company, specialising in property and casualty (P&C) insurance, risk assessment automation, and AI-driven underwriting solutions, has today announced a significant upgrade to its platform with the launch of Referral Agent.

Sixfold launches Referral Agent to streamline underwriting

Sixfold, an underwriting AI company, specialising in property and casualty (P&C) insurance, risk assessment automation, and AI-driven underwriting solutions, has today announced a significant...

Apollo to launch new reinsurance syndicate with Lloyd’s approval

Apollo has received “in principle” approval from Lloyd’s Council to launch Apollo ReShare Syndicate 1972, which is set to begin underwriting on 1 January...
Quandri, an AI-focused InsurTech platform, has announced its U.S. launch of a new Requoting capability, designed to transform personal lines insurance renewals and enhance agency operations.

Quandri launches Requoting to automate insurance renewals

Quandri, an AI-focused InsurTech platform, has announced its U.S. launch of a new Requoting capability, designed to transform personal lines insurance renewals and enhance...
Insurance venture capital firm Markd has reopened its debut fund to secure up to $500m in new commitments, with the potential for further expansion before year-end.

InsurTech firm SureCo raises $23m Series A

SureCo, an Individual Coverage Health Reimbursement Arrangement (ICHRA) administrator, has announced the close of a $23m Series A funding round. The investment was led by...
HawkSoft, a long-standing provider of agency management systems, and Cara, an InsurTech company specialising in AI solutions for the insurance sector, have entered into a new partnership aimed at streamlining insurance operations.

HawkSoft and Cara team up to automate insurance operations

HawkSoft, a long-standing provider of agency management systems, and Cara, an InsurTech company specialising in AI solutions for the insurance sector, have entered into...
Ambac Financial Group, a New York-based insurance holding company, has announced a definitive agreement to acquire ArmadaCare from SiriusPoint, in a deal valued at $250m.

Ambac to acquire ArmadaCare from SiriusPoint in $250m deal

Ambac Financial Group, a New York-based insurance holding company, has announced a definitive agreement to acquire ArmadaCare from SiriusPoint, in a deal valued at...
Novidea has partnered with Coherent Global, the leader in enterprise spreadsheet automation, to help brokers, agents, MGAs, MGUs, and hybrid fronting carriers modernise faster, reduce operational risk, and unlock data-driven growth.

Coherent Global and Novidea partner to modernise insurance workflows

Novidea has partnered with Coherent Global, the leader in enterprise spreadsheet automation, to help brokers, agents, MGAs, MGUs, and hybrid fronting carriers modernise faster, reduce...
OpenDialog AI, a leading provider of AI-powered sales solutions for the insurance sector, has partnered with P J Hayman, the specialist provider of niche and travel insurance schemes, to transform the online travel insurance experience.

OpenDialog AI and P J Hayman transform online travel insurance

OpenDialog AI, a leading provider of AI-powered sales solutions for the insurance sector, has partnered with P J Hayman, the specialist provider of niche...
Insurwave, a global leader in AI-driven exposure management for specialty insurance, has appointed Adrian Morgan as Chief Executive Officer, effective September 2025.

Insurwave names industry veteran Adrian Morgan CEO

Insurwave, a global leader in AI-driven exposure management for specialty insurance, has appointed Adrian Morgan as Chief Executive Officer, effective September 2025. The move comes...
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News Stories

TPG-backed Third Wave broadens regional brokerage reach

TPG-backed Third Wave broadens regional brokerage reach

Third Wave Insurance, the retail insurance brokerage platform backed by global alternative asset manager TPG, has agreed to acquire five insurance and advisory firms...
Why Cover Genius snapped up Berlin's Friendsurance

Why Cover Genius snapped up Berlin’s Friendsurance

Cover Genius, the embedded protection infrastructure firm, has bought Berlin-based InsurTech Friendsurance, deepening its footprint in European bancassurance and reinforcing its reach across Germany,...
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,...
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