Tag: InsurTech 2023

Digital transformations have spurred exponential profitability across various sectors including ridesharing, retail, banking, and travel. However, according to hyperexponential, despite being a data-rich sector, the insurance industry has been slower in achieving this level of growth.

As insurance firms continue to look towards the future, trust seems to be the key to unlock the full potential of companies. 

Inigo Insurance, an expeditiously expanding Lloyd’s syndicate specialising in high-risk, high-capacity insurance and reinsurance lines, has announced a partnership with hyperexponential (hx), the creators of the Renew platform. hx is renowned for its platform, which has been widely adopted by several fast-growing specialty (re)insurers and MGAs.

Raincoat, a firm tackling the challenge of providing scalable climate insurance solutions, has announced additional seed funding of $6.5m. 

Slide Insurance, a firm with a specialised focus on homeowners insurance, has announced a noteworthy stride in its financial journey.

Novidea, a leading InsurTech firm globally recognised for creating its data-driven, cloud-based insurance management platform, has announced substantial enhancements to its award-winning software.

Arbol, a climate risk coverage platform, has released the first-ever parametric reinsurance solution powered by blockchain technology.

bolttech, has unveiled a strategic partnership with Taiwan Mobile, a leading telecommunications provider in Taiwan.

Revolut and Qover have announced their second collaboration, providing embedded insurance for a new trip and event cancellation cover.

In the dynamic landscape of insurance, artificial intelligence (AI) has emerged as a game-changing element. The central subject of many debates at recent forums, such as the #everywoman insurance forum, is an AI-powered chatbot, Chat-GPT. InsurTech company distriBind has explored the role of ai and chatbots in insurance.