Latest Development Bank of Wales News, Insights & Analysis

Funding Rounds

Bike insurance startup Bikmo closes funding round and looks to move...

May 20, 2020

Bike insurance startup Bikmo has allegedly netted £1.8m in its Series A funding round as it looks to move its head office to Wales after the coronavirus pandemic clears.

Latest Analysis

Azos, a Brazilian InsurTech focused on individual life insurance, has raised $25m in a Series C round to expand in a market still dominated by Bradesco and Prudential.

Company News

Brazilian InsurTech Azos raises $25m Series C

March 18, 2026

Cytora, a digital risk processing platform for the insurance industry, has launched Cytora Autopilot, a new agentic AI capability designed to enable insurers to automate end-to-end risk workflows for the first time.

Company News

Cytora launches agentic AI to automate risk workflows

March 18, 2026

ZestyAI, a risk and decision intelligence platform for the insurance industry, has secured partnerships with two US regional insurers, Harford Mutual Insurance Group and American European Insurance Group (AEIG), to strengthen property-level underwriting across their respective portfolios.

Company News

Harford Mutual and AEIG partner with ZestyAI

March 18, 2026

AutoRek, a financial operations automation platform, has revealed that 82% of insurers believe AI will dominate the industry's future, yet just 14% have fully integrated it into their financial operations, exposing a stark divide between ambition and real-world adoption across the sector.

Company News

Insurance sector’s AI ambition outpaces action, report finds

March 18, 2026

Tag: Development Bank of Wales

Bike insurance startup Bikmo closes funding round and looks to move...

Latest Analysis

Brazilian InsurTech Azos raises $25m Series C

Cytora launches agentic AI to automate risk workflows

Harford Mutual and AEIG partner with ZestyAI

Insurance sector’s AI ambition outpaces action, report finds