Tag: insurance 2023

The Demex Group, described as the innovators behind unprecedented reinsurance solutions tackling accumulating losses from secondary perils, has successfully garnered an investment of $5m.

Insurance firm Duck Creek Technologies has recently announced its foray into the Indian general insurance market.

Resilience, a cyber company focused on transforming the way enterprises assess and manage cyber risk, has bagged $100m in a Series D. 

Jerry, a service known for its PriceProtect technology that helps car owners find optimal insurance rates, has doubled its offerings.

Converge Insurance, a leading managing general agent (MGA) specialising in cyber risk management and underwriting, announced its successful raising of $15m in Series A funding.

InsurTech company KYND recently released a report exploring whether external or internal vulnerability scanning is more useful to assess a company's cyber posture. 

Blitz Insurance, a specialty insurance carrier, and Ascend, a first-of-its-kind insurance payments platform, have announced a strategic partnership aimed at modernising payment experiences for insurance brokers in specialty markets.

Modives, an InsurTech start-up, is aiming to improve the arduous process of insurance verification for property managers and auto dealers.

The power of pricing transformation in the digital journey of insurance companies cannot be overstated. A pivot towards this aspect can lead to an impressive array of benefits, ranging from competitive edge to talent retention, regulatory adherence and even improvement in loss ratio.

We've been living through periods of extreme conditions for the past few years, with global pandemics, wildfires, flooding, ice storms, and the looming possibility of international conflict becoming alarmingly frequent. While we could easily brush these years off as a statistical anomaly, data analysis presents a starkly different narrative. It suggests that we are transitioning towards accepting these extremes as our new reality.