Category: InsurTech

March 17, 2023

The insurance industry has been slow to adopt new technologies, but the rise of fintech is now prompting insurers to embrace digital solutions that can transform their businesses. Fintech is revolutionizing the insurance sector, providing more efficient and streamlined processes […]

February 27, 2023

Altai Ventures, an early-stage venture capital firm has closed a $53 million fintech and InsurTech fund. Bain Capital Ventures, Century Equity Partners invested in the fund alongside a number of limited partners across P&C insurance, life insurance and retirement, insurance […]

February 14, 2023

Two of the biggest game changers in the insurtech industry have been the introduction of artificial intelligence (AI) and machine learning (ML). Together, these two technologies have uprooted the traditions of the insurance sector and reworked it completely. Understanding how […]

February 2, 2023

New data from reinsurance broker Gallagher Re shows that global insurtech investment declined by 57.0% to $1.01 billion in the fourth quarter of 2022, when compared with the previous quarter. According to the broker’s Global InsurTech Report, this means that […]

January 30, 2023

Betterview, an insurtech company that allows insurers to identify and manage real property risk, has announced it has completed a new round of funding of undisclosed amount. Backers included existing investors EMC Insurance, Guidewire Software, Nationwide, MaidenRE, and ManchesterStory. The […]

January 18, 2023

Insurtech company Joyn Insurance has announced it exceeded its target with a $17.7 million Series A funding round led by OMERS Ventures, with participation from SiriusPoint, ManchesterStory, Cohen Circle, Avanta Ventures and several other private investors. Joyn launched in July […]

December 1, 2022

As many of us have seen firsthand over the past year, the impact of global inflation has taken a major hit on insurance companies. A quick scroll through LinkedIn will tell you just how bad it’s gotten, with some large […]

November 17, 2022

Insurtech Bluezone has secured its first-choice global reinsurer to partner with as it remains on track to launch its first product in the first quarter of 2023. Fhandshakeollowing a successful £1.5 million seed investment round led by Insurtech Gateway earlier […]

November 2, 2022

Global reinsurance giant Swiss Re has entered an alliance with Latin American auto insurtech Jooycar to boost auto insurance telematics benefiting small and medium-sized commercial fleets in Mexico. The insurtech will offer its fleet management service, “Fleetr by Jooycar”, to […]

September 21, 2022

Pie Insurance, which provides workers’ compensation insurance to small businesses, has closed on a $315 million Series D round of funding. In 2021, the size of this round wouldn’t have turned heads. But in today’s environment, where investors are pulling […]

September 12, 2022

The insurance industry is changing. In fact, it’s evolving faster than ever before, and artificial intelligence (AI) is playing a big role in that evolution. Some experts believe that AI could completely disrupt the insurance industry as we know it. […]

September 1, 2022

Broker Gallagher has partnered with global insurtech Novidea, to implement and tailor its insurance broking platform for its specialty client base. The platform will be extremely pioneering within the market, as it will revolutionise client service, and also cover every […]

August 25, 2022

The founder of Kojo, Lara Varjabedian has released a report highlighting the changing relationship between insurers and insurtechs, noting the key friction points and the growing demand for partnerships rather than competition. The gap of understanding between insurers and insurtechs […]

August 24, 2022

Insurtech platform Accelerant has launched a new $175 million sidecar investment vehicle, called Flywheel Re. The new sidecar will provide multi-year risk capital to Accelerant and its cohort of underwriting-led specialist members. Goldman Sachs & Co. LLC served as exclusive […]