Reinsurance News
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Insurtech Joyn Insurance gets $17.7m in Series A funding round
18th January 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 of 2021, announcing a key partnership and investment agreement with the ... Read the full article
Insurtech Kettle announces new appointments and Shah’s promotion
12th January 2023
Kettle, a deep-learning powered insurtech company, has announced a number of appointments as well as Amit Shah’s promotion to President of Kettle Limited. With over 15 years of industry experience Brian Espie joins Kettle as Chief Underwriting Officer. In his new role he will head up underwriting at the reinsurance MGA startup, ... Read the full article
Verisk to acquire Sweden-based insurtech Mavera
22nd December 2022
Global data analytics provider Verisk, has agreed to acquire Mavera, a Sweden-based insurtech firm with a strong regional presence and established customer base for its personal injury claims management platform. According to the announcement, this addition further accelerates Verisk’s expansion in Continental Europe, and supports its continued growth as a technology ... Read the full article
Milliman adds new tools to Arius insurtech software
7th December 2022
Global consulting and actuarial firm Milliman has released the latest version of its Arius insurtech software solution, a reserve analysis system for property and casualty insurers and large self-insureds. The new release provides significant enhancements to the systems' analytical and reporting capabilities. This update includes tools to help actuaries and insurance analysts ... Read the full article
Singapore insurtech Igloo extends Series B funding round to $46m
30th November 2022
Singapore-based insurtech Igloo has announced that it has successfully raised an additional $27 million in its Series B extension led by the InsuResilience Investment Fund II, bringing a close to the funding round at $46 million. The InsuResilience Investment Fund II, initiated by German development bank KfW on behalf of the ... Read the full article
Insurtech Bluezone gets reinsurance backing for life insurance solution
17th November 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. Following a successful £1.5 million seed investment round led by Insurtech Gateway earlier this year, Bluezone has now confirmed it has successfully obtained its ... Read the full article
Insurtech FloodFlash expands into US, led by Mark Hara
14th November 2022
Parametric flood insurance company FloodFlash has announced plans to expand into the US market, led by Mark Hara as Chief Executive Officer (CEO) for its North America operations. As CEO of North America, Hara will be charged with developing and executing the US go-to-market strategy, initially launching for commercial property in ... Read the full article
Swiss Re partners with insurtech Jooycar to boost auto insurance telematics
2nd November 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 the Mexican market, which it states was a success in its ... Read the full article
Insurtech funding stable through ‘inflection point’ Q3: Gallagher Re
1st November 2022
New data from re/insurance broker Gallagher Re shows that $2.35 billion of global insurtech-sector investment was made in Q3 2022, which marked something of an “inflection point” for the space. The level of investment was in fact down 2.5% from Q2's total, but Gallagher Re notes that the headline figure masks ... Read the full article
Insurtech Otonomi raises $3.4m to build blockchain-powered parametric cargo platform
18th October 2022
Insurtech and parametric cargo insurance platform, Otonomi has announced that it has closed a $3.4 million funding round to build a first-to-market blockchain-powered parametric cargo platform. The funding round was led by ATX Ventures, followed by GSR Ventures, Greenlight Re Innovations, Punja.VC, Altari Ventures, Soundboard Venture Fund, Blackhorn VC, Bering Waters, ... Read the full article
Munich Re acquires API-focused insurtech
6th October 2022
Reinsurance giant Munich Re has acquired apinity GmbH, a start-up that supplies application programming interface (API) solutions in the form of Software-as-a-Service (SaaS) for the insurance industry’s ecosystem. apinity is an API software platform that enables insurers to utilise third-party API services, in turn making it possible to transparently manage both ... Read the full article
Insurtech Previsico names Johnny Stubbs Partnerships Manager
27th September 2022
Live flood forecasting insurtech, Previsico has appointed Johnny Stubbs as Partnerships Manager to support accelerated demand in the UK and US. As a specialist in developing and managing successful partnerships with insurance companies with extensive experience in the insurtech space, Stubbs will be responsible for building client-centric plans to help Previsico’s ... Read the full article
MLTPLY launches insurtech startup Proxima
23rd September 2022
MLTPLY has announced the launch of Proxima, an insurtech startup that offers insurance companies software to develop and support its staff and expand IT, customer service, sales, underwriting and claims capabilities. Proxima currently operates in Latin America and the US, providing staff augmentation resources in underwriting and technology verticals. The company ... Read the full article
Longevity insurtech specialist FOXO completes SPAC merger
20th September 2022
Longevity insurance technology firm FOXO has completed combining its business with that of SPAC company Delwinds. A statement from the former said that the combined company will operate under the name 'FOXO Technologies Inc.' and will be led by Jon Sabes, founder and CEO of FOXO. Sabes said: “The completion of this ... Read the full article
Insurtech firm Yokahu to be part of ninth cohort of Lloyd’s Lab
15th September 2022
Insurtech firm Yokahu has been selected for inclusion in the ninth cohort of the Lloyd’s Lab to develop a new parametric loan default protection product. A statement from the firm said the product had been selected after a competitive pitching process. It will be embedded into, or alongside, a loan such ... Read the full article