Tag: Fintech

Martello Re Limited, an asset-intensive reinsurer, has successfully closed a second round of equity funding, raising $935m from both existing and new shareholders.

Carbon Underwriting Limited, a specialist and independent managing general underwriter, announces the launch of its second syndicate, Syndicate 5757, following approval from Lloyd’s.

The Microinsurance Network (MiN), a non-profit association, has announced the appointment of Matthew Genazzini as its new executive director, effective 1 October 2024.

London-based InsurTech, Wrisk, has announced a 219% year-on-year revenue growth in H1 2024.

Floodbase, a leading provider of flood analytics and data solutions, has announced the launch of its rapid flood response data product.

Plum, one of India’s leading InsurTech platforms, has launched Plum Perks, a comprehensively curated suite for healthcare and wellness benefits for employees.

Cytora, the leading digital risk processing platform, has partnered with Gamma Risk to help insurers map out commercial property risk assessment.

AEGIS London, the London-based Lloyd’s syndicate, has announced the formation of a new data science and analytics team to enhance its underwriting capabilities and data-driven initiatives.

Traditionally, manufacturers have relied on dedicated handheld barcode scanners for inventory management, asset tracking, and supply chain operations. However, the advent of smartphone technology is transforming this practice. Modern smartphones can now accurately scan barcodes, QR codes, and other machine-readable symbols, tasks previously managed by specialised hardware. This shift is primarily driven by the need to optimise costs and operational efficiency, leveraging the ubiquity and versatility of mobile devices.

Five Sigma, a prominent AI claims management software company, has introduced the insurance industry’s first AI-powered Insurance Adjustment Agent, Clive™.