Tag: Fintech

Nearmap has announced the acquisition of itel, a move set to reshape the property insurance landscape by combining two trusted sources of underwriting and claims data.

Kayna, a fast-growing InsurTech based in Cork, has announced plans to create 13 new jobs as it prepares for a major push into the UK and US insurance markets.

Acrisure, the global FinTech firm offering AI-driven financial services, has secured $2.1bn through a new capital raise backed by several major investors, bolstering its plans to grow internationally and enhance its platform.

RIIG – HOOTL, a provider of AI-powered cybersecurity and health tech solutions, has raised a new round of funding from investors in the United Arab Emirates, marking a key milestone in the company’s international expansion.

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).