Reinsurance News

InsurTech news

Insurance and reinsurance technology related news, focused on the wave of interest in InsurTech start-ups, investing in insurance technology initiatives, as well as reinsurance tech start-ups or ReinsurTech.

Novidea launches insurance management platform in Southeast Asia

8th December 2023

Global insurtech Novidea has announced the launch of its insurance management platform in Southeast Asia to meet escalating demand for digital transformation in the region. With its open API architecture, Novidea enables brokers, agents, MGAs/MGUs, and carriers to modernise and manage the customer journey end-to-end and drive growth across the entire ... Read the full article

Insurtech Igloo closes $36m Pre-Series C funding round

8th December 2023

Igloo, a regional insurtech in Asia, has closed a US$36 million Pre-Series C funding round. Global investment firm Eurazeo, through its insurtech fund backed by the insurer BNP Paribas Cardif, led the investment. At the same time, Openspace and La Maison, who previously participated in Igloo's Series B and Series B+ ... Read the full article

Slide expands to cover Florida condo risks, prepares new agent portal launch

4th December 2023

Slide Insurance, the full-stack homeowners insurtech focused on writing business in Florida currently, is expanding further into the market with the launch of an admitted H06 condominium insurance policy, Reinsurance News has learned. Slide is opening the availability of coverage for HO6 new business from December 12th, we're told, as it ... Read the full article

Eurazeo invests $36mn in Igloo’s Pre-Series C funding round

4th December 2023

Singapore-based insurtech Igloo has successfully raised US$36 million in a Pre-Series C funding round led by Eurazeo, through its insurtech fund backed by the insurer BNP Paribas Cardif, and with participation from Openspace’s OSV+, and returning investor La Maison. The latter two also participated in Igloo's Series B and Series B+ ... Read the full article

Synpulse announces partnership with insurtech Cenata

30th November 2023

Synpulse, a global professional services company, has partnered with insurtech software provider Cenata for its outwards reinsurance system. Cenata’s CenataSure, provides real time outwards reinsurance management for commercial insurers and reinsurers. The system is acclaimed for its automation, integration, and reporting features, These are capabilities a modern operating model for ceded business ... Read the full article

First-of-its-kind InsurTech Coalition launched by Lemonade, Root, Clearcover, & others

30th November 2023

Members from Boost, Branch, Clearcover, Lemonade, Root Insurance, and others, have launched an advocacy group called InsurTech Coalition that aims to shape the industry’s future. Insurtech Coalition has published an open letter to the industry that lays out its founding principles, which includes using technology responsibly within insurance. The letter reads: "The ... Read the full article

Berkshire Hathaway exits India’s Paytm with $164mn sale

24th November 2023

Berkshire Hathaway, the Warren Buffett-run holding company, has exited India’s Paytm by selling its 2.5% stake in the digital payments service provider via a bulk deal on Friday. The company sold its entire stake in the digital payments firm for about 13.71 billion rupees ($164.70 million), as first reported by Reuters. According ... Read the full article

Insurtech Mulberri launches AI-powered Risk Assistant

7th November 2023

Insurance startup Mulberri, has launched its new AI-powered Risk Assistant and rolled out its embedded property and casualty platform to make insurance innovation accessible to a broad range of industries outside payroll and Human Resources (HR) providers. Now industries including associations, brokers, insurtechs, carriers, MGAs, financial institutions, cyber technology providers, ISPs ... Read the full article

Global InsurTech investment surpasses $1 billion in Q3: Gallagher Re

2nd November 2023

According to Gallagher Re's latest Global InsurTech Report, new funding for the global InsurTech sector hit $1.1 billion in Q3 of 2023. As per the reinsurance broker's report, this was mainly driven by a 25.5% quarter-on-quarter surge in P&C InsurTech investment. Gallagher noted that this rise occurred even as average deal size ... Read the full article

Mission Underwriters appoints Jim Dwane as new CEO

1st November 2023

Mission Underwriting Managers, an insurance program administrator, has announced the appointment of Jim Dwane as its new Chief Executive Officer, effective immediately. As the new CEO, Dwane is poised to lead the company into a new period of growth and success. His appointment comes as the company's founding CEO pursues new ... Read the full article raises £5.4m to transform claims processing

31st October 2023, a claims automation insurtech, has raised £5.4 million in a round led by venture capital investors Amadeus Capital Partners and Praetura Ventures. At the same time, UK investor Capricorn Capital Partners, US investor Forefront Venture Partners, Canadian investor Verstra Ventures and UK investor Portfolio Ventures Angel Fund also join’s ... Read the full article

QuoteWell emerges from stealth with $15M Series A funding led by NEA

30th October 2023

Insurtech startup QuoteWell unveiled its "innovative" approach to the insurance industry as it emerges from stealth mode. The company, founded in 2021, has raised over $15 million in a Series A funding round led by New Enterprise Associates, Inc. (NEA), with participation from Goldcrest and Floating Point. Joey Bouchard, CEO and Founder ... Read the full article

“Exceptional results” validate the Israeli InsurTech Accelerator program effectiveness: CEO Bendelak

30th October 2023

The Israeli InsurTech Accelerator program has reported “remarkable results” driving innovation and growth within the country’s start-up industry, InsurTech Israel has stated. Since its inception over two years ago, the program has contributed significantly to the evolving landscape of InsurTech in Israel. The country’s capital, Tel Aviv, has become a vibrant ... Read the full article

DGTAL launches new AI data capturing & process automation tool

26th October 2023

DGTAL, a Software-as-a-Service (SaaS) platform providing artificial intelligence (AI) powered audit and tools for insurance portfolios, has launched a new Intelligent Document Processing tool, GRABBER. The new tool excels at understanding, extracting and validating data from sources such as invoices, bank statements, utility bills, quotes, order forms etc, DGTAL stated. This eliminates ... Read the full article

Lloyd’s syndicate HRP partners with insurtech Optalitix to transform underwriting

20th October 2023

Hampden Risk Partners (HRP), a Lloyd's syndicate primarily supported by Hampden Agencies, has successfully implemented Optalitix Quote, the underwriting workbench to transform underwriting. The workbench, created by insurtech Opalitix, a specialist data analytics solutions provider, aims to drive the profitability and strategic growth of the business. It allows underwriters to embed ... Read the full article