Reinsurance News
embedded insurance
Qover raises $12m from CIBC as it celebrates ten years in embedded insurance
31st March 2026
Qover, a Belgium-based insurtech company specialising in embedded insurance orchestration, has secured a $12 million growth capital facility from CIBC Innovation Banking as it marks its tenth year in operation. The company reports that this latest financing brings its total funding to more than $100 million since its founding. Qover explains that ... Read the full article
LIRG provides QS reinsurance for DLT Alert’s embedded parametric cyber warranty rollout
26th March 2026
Algorithmic Insurance Services, Inc., the wholesale broker trading as LIRG, has provided $15 million in quota-share (QS) reinsurance for New York-based managing general agent DLT Alert. The reinsurance supports the launch of a new suite of embedded parametric cyber warranty products aimed at cybersecurity solution system providers. The first programme is ... Read the full article
Chubb unveils new AI-powered embedded insurance optimisation engine
12th November 2025
Chubb has unveiled a new AI-powered optimisation engine within Chubb Studio, its global technology platform for embedded insurance distribution. Unveiled at the Singapore Fintech Festival, the optimisation engine is designed to help Chubb’s partners boost engagement, strengthen brand loyalty, and drive measurable growth by better aligning protection solutions with customer needs. Chubb ... Read the full article
AXA Partners and bolttech partner to launch embedded insurance solutions across Europe
15th October 2025
AXA Partners, a subsidiary of AXA Group, has partnered with bolttech, a global insurtech, to launch embedded insurance and assistance solutions across the European Union, UK and Switzerland. This new long term strategic partnership brings together AXA Partners’ innovative B2B2C insurance and assistance services - encompassing Motor, Home, Travel, Health, Credit ... Read the full article
MGA Elevate Specialty launches to revolutionise embedded & specialty insurance
18th August 2025
Elevate Specialty, a new managing general agent (MGA), has officially launched, entering the UK market with a mission to transform embedded and specialty insurance. The company aims to help make protection a seamless part of customers’ lives, moving away from outdated legacy models that “often deliver poor customer experiences and stifle ... Read the full article
Cover Genius secures $80m in Series E Funding
16th May 2024
Cover Genius, an insurtech specialising in embedded protection, announced today the successful completion of its Series E funding round, securing $80 million. Despite the recent slowdown in tech funding, Spark Capital led the round, joined by existing investors Dawn Capital, King River Capital, and G Squared. This funding marks another milestone for ... Read the full article
Great American forms dedicated embedded insurance team
25th April 2024
Great American Insurance Group has unveiled the formation of a dedicated embedded insurance team, which builds upon the company's 20 years of experience offering embedded insurance products, set to be led by Chris Banocy, Divisional Senior Vice President. According to the announcement, the newly formed group will assist in finding and ... Read the full article
Root partners with Admiral’s Connect to offer embedded insurance solutions
9th November 2023
Root, an end-to-end digital insurance platform, has announced its first strategic partnership in the UK with Connect, a subsidiary of the leading insurer Admiral Group, to develop an embedded insurance platform. Connect is an API-first embedded insurance platform, developed to make it easy for businesses to incorporate insurance solutions into their ... Read the full article
Allianz Partners & bolttech to offer embedded insurance solutions in APAC & US
12th October 2023
Allianz Partners and bolttech, an international insurtech, have announced a partnership that will see the two companies provide embedded device and appliance protection insurance across Asia Pacific (APAC) and the United States. This strategic agreement aims to bring together each firm's strengths to offer best-in-class solutions enabling business partners to add ... Read the full article
Chubb survey reveals rapid growth in embedded insurance adoption
18th August 2023
A recent survey conducted by Chubb, the world's largest publicly traded property and casualty insurance company, has unveiled a significant shift in the global insurance landscape. The survey, titled "Banks and the Digital Wallet Race - The Embedded Insurance Strategy," involved 2,000 consumers and 200 finance leaders and was carried out ... Read the full article
Embedded insurance enhances product offerings in developed markets: AM Best
26th April 2023
According to ratings agency, AM Best, the growing use of embedded insurance in developed markets has provided a way to enhance product offerings and integrate risk protection directly into purchases. According to a new commentary by the ratings agency, there are still significant challenges to overcome in the consumer-facing channel of ... Read the full article
Greenlight Capital Re invests in embedded insurance platform, Vertical Insure
9th February 2023
Greenlight Capital Re, Ltd., through its Greenlight Re Innovations, has announced an investment in Vertical Insure, Inc., a Minneapolis-based embedded insurance platform. The firm addresses distribution inefficiencies by embedding insurance in vertical Software as a Service (SaaS) platforms, targeting the SaaS platforms' business clients and the underlying customers of those businesses. The firm ... Read the full article
US embedded insurance distribution may exeed $70bn in premium by 2030: Conning
13th January 2023
A new report by investment management firm Conning has suggested that embedded insurance could make significant inroads into both personal lines and small commercial insurance business, exceeding $70 billion in premium by 2030. In its report, Conning suggests that the benefits of embedded insurance, through which insurance products are distributed by ... Read the full article
Property players shift toward embedded insurance due to convenience: Cover Genius
16th December 2022
According to recent research by Momentive ai, commissioned by insurtech Cover Genius, property players demand convenience while poor customer outcomes incite a shift toward embedded insurance at the cost of traditional insurers. Cover Genius said: “Due to convenience, customers worldwide intend to switch to embedded insurance sources in the future (+36%) ... Read the full article
Wejo and Ford partner to expand end-to-end insurance offering
1st December 2022
Wejo,a provider of software solutions for smart mobility, has teamed up with Ford Motor Company to expand its end-to-end insurance offerings across the US. Through this partnership, Wejo will have access to personalized connected vehicle data from Ford vehicles in the US, which were obtained with customer consent. According to Wejo, this ... Read the full article
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