Tag: InsurTech

March 24, 2023

Founded in 2012, Raisin offers consumers access to savings, investment and pension products. The firm also offers Banking-as-a-Service (BaaS) products for financial service providers and currently works with over 400 companies from more than 30 countries. With the new investment, […]

March 22, 2023

It’s been a rough two weeks for the U.S. economy after the fall of Silvergate Bank, Silicon Valley Bank, and Signature Bank. After these bank failures took place, the Federal Reserve announced the creation of the Bank Term Funding Program […]

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 […]

March 15, 2023

Crypto assets, specifically bitcoin (BTC), have increased in value this week following the collapse of three major U.S. banks. Over the past 24 hours, bitcoin (BTC) has dropped 6.5% against the U.S. dollar. However, weekly metrics indicate that BTC is […]

March 8, 2023

Personalisation has been the biggest challenge for fintechs over the past few years. Organisations that have failed to change their offerings to accommodate this demand have fallen by the wayside. As time continues, it does not appear that this is […]

March 7, 2023

Nationwide – the world’s largest building society – is an investor in Form3, and also announced a cloud-based payments project with the paytech firm in mid-2021. Through a series of phases, which launched in 2022, Nationwide will migrate all types […]

March 7, 2023

The global downturn has impacted every sector, but fintech bore the brunt of it as public-market valuations fell off a cliff last year. However, it appears that even though VCs are proceeding more cautiously than before and taking their time […]

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 31, 2023

UK-based retail company Frasers Group has launched a Buy Now, Pay Later (BNPL) scheme, Frasers Plus, for customers when they purchase products. The new Frasers Plus service will cover items purchased from the group’s brands, including House of Fraser, Missguided, […]

January 31, 2023

Want to see what’s different in markets so far in 2023? Look no further than the performance of Bitcoin versus bonds. The cryptocurrency has surged almost 40% so far this year thanks to a general return of risk appetite and […]

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 30, 2023

Simon York, HMRC’s outgoing head of serious fraud, recently said that tax evasion was “much more complex, more sophisticated, more international and more digitally enabled”, while adding that HMRC will now be actively pursuing enablers of evasion. Interestingly, both financial […]

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 14, 2022

The paytech says the first stage of its “long-term innovation partnership” is the roll-out of new till-free technology. It explains: “The new Checkout.com-enabled SmartShop functionality will allow customers to pay for their shopping without having to visit a till. Instead, […]

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 28, 2022

Online payment service provider operating in 50 emerging markets, PayU, has recently released its latest survey on the US customers, focusing on driving cross-border payments adoption in the country. According to the survey, there have been both obstacles and opportunities […]