Tag: Fintech

Tinubu, a leading provider of cloud-based enterprise software for the specialty insurance industry, has raised $45m in growth capital to fuel its product innovation and global expansion.

Bestow, a US-based InsurTech company that provides end-to-end software solutions for life insurers, has raised $120m in an oversubscribed Series D funding round.

Amsterdam-based MarvelX, a FinTech start-up focused on operational automation in financial services, has closed a $6m seed funding round to support the launch of its AI-powered platform for the insurance sector.

Akur8, a Paris-based InsurTech, has partnered with Post Telecommunication Joint Stock Insurance Corporation (PTI), one of Vietnam’s leading non-life insurance providers, to enhance its actuarial capabilities.

Managing general agents (MGAs) have become vital intermediaries in the insurance industry, offering specialised products that traditional insurers may shy away from due to complexity or niche demand. They bridge the gap between insurers and policyholders, focusing on hard-to-place risks and providing tailored solutions that would otherwise be difficult to obtain. Earnix, a firm which works alongside some of the world's largest insurers, delves into the growing role of MGAs in the market. 

Peak Reinsurance Company Limited has been granted approval by the International Financial Services Centres Authority (IFSCA) to establish a reinsurance branch in India’s Gujarat International Finance Tec-City International Financial Services Centre (GIFT IFSC).

Guidewire, a leading provider of cloud-based software for insurers, has announced plans to acquire Quantee, a Poland-based InsurTech specialising in dynamic pricing software.

When analysts begin working in pricing, their first instinct is often to dive straight into modelling. Generalised Linear Models (GLMs) are a standard approach, commonly taught as the foundation for pricing models. It is easy to get caught up in testing different variables, applying transformations, and searching for interactions. However, focusing solely on model mechanics can cause analysts to overlook fundamental limitations, according to Quantee. 

Peak3, a global InsurTech company specialising in cloud-based insurance solutions, has raised $35m in a Series A funding round to accelerate its expansion across the UK and European markets.

Global InsurTech firm bolttech, which operates a technology-driven insurance ecosystem, has announced the appointment of Ridhi Chaudhary, chief investment officer at Dragon Fund by Liquidity and MUFG, as a non-executive director.