Tag: insurtech

bolttech, a global InsurTech provider focused on building a technology-enabled ecosystem for protection and insurance, has announced the successful closure of its Series C funding round.

Zurich Insurance Group (Zurich) has officially acquired AIG’s global personal travel insurance and assistance business, including Travel Guard, for $600m, with the potential for an additional earn-out payment.

Sure unveils a bold vision for the future of insurance, leveraging its innovative technology rails and network to redefine digital insurance distribution for carriers, brands, and consumers.

Nationwide, a Fortune 100 financial services and insurance organisation based in Columbus, Ohio, and TrustLayer, an AI-powered risk management platform headquartered in San Francisco, have announced an innovative partnership.

Simply Business, the leading digital insurance marketplace for small businesses, has partnered with Coterie Insurance, a tech-driven managing general agent (MGA).

Claims transformation represents a strategic move within the insurance industry to reimagine the claims process. It focuses on integrating digital technology, data analytics, and...

Porsche Auto Insurance has launched an unlimited insurance policy designed specifically for Porsche owners who exceed 10,000 miles of driving annually. This product offers a...

The insurance industry is undergoing a rapid transformation driven by changing demographics, evolving customer expectations, and advancements in digital technology and analytics. Insurers are...

The global InsurTech market grew to 25.97bn in 2024 and is expected to reach approximately USD 496.56bn by 2033. This represents a remarkable compound annual growth rate (CAGR) of 38.8% from 2024 to 2033. This rapid expansion is being driven by innovations in artificial intelligence (AI), machine learning (ML), cybersecurity, and a growing emphasis on Environmental, Social, and Governance (ESG) practices.

Introducing new insurance products can be a challenging journey, requiring careful planning, a thorough understanding of market needs, and effective execution. A recent white paper published by Akur8, titled From Idea to Market: A Comprehensive Guide to Introducing New Insurance Products, offers valuable insights into how InsurTechs and insurers can streamline this process.