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.

Swiss Re’s iptiQ and Candid announce partnership

30th January 2023

UK-based insurtech Candid and Swiss Re’s iptiQ have entered into a distribution partnership to provide affordable and accessible life insurance solutions to UK customers. This strategic partnership harnesses Candid's leading position in distributing life insurance products to UK customers and iptiQ’s cutting-edge digital B2B2C insurance platform, combined with its underwriting expertise. According ... Read the full article

reThought Insurance completes $10.5m funding round

30th January 2023

Technology-centric flood MGA, reThought Insurance has raised $10.5 million in a Series B funding round, which closely follows a successful $15.5 million round last summer. According to the announcement, the capital expansion will be used to extend the distribution of its advanced commercial and High Net Worth flood insurance products, and ... Read the full article

Insurtech Betterview raises new funding round

30th January 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 company intends to use the funds to continue its growth, support the ... Read the full article

MIS launches hail within its GEO tech platform

27th January 2023

InsurTech McKenzie Intelligence Services (MIS), has launched a U.S. market-first product aimed to accelerate incident and claims responses following hailstorm events. With the addition of hail to the Global Events Observer (GEO), insurers and loss ajustor clients will now be able to gain data-driven, actionable insights for hailstorm events, with near ... Read the full article

FutureProof appoints Ram Keralapura as Chief Technology Officer

23rd January 2023

FutureProof, a climate-focused MGA, has appointed Dr. Ram Keralapura as its new Chief Technology Officer. Dr. Keralapura brings nearly two decades of engineering, data science and leadership experience towards the role. Additionally, he also brings a deep level of expertise in cybersecurity, complex risk analysis, and building digital platforms towards the ... Read the full article

RSA makes senior additions to CIO leadership team

19th January 2023

RSA Insurance has announced the additions of Sally Ng and Katie Hermans to it CIO leadership team as Specialty & Commercial Delivery Director and as Head of Technology Risk Management, respectively. Ng will be responsible for driving the technology transformation roadmap for RSA Commercial Lines, Specialty Lines and European businesses. She brings ... Read the full article

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

Parametric flood insurer, FloodFlash launches in the US

17th January 2023

Parametric flood insurer FloodFlash has announced that it has entered into the US insurance market. After a devastating hurricane season in the US, policyholders have been waiting weeks, and in some cases, months, to receive claims to be able to rebuild their businesses and revive local economies. Moreover, in the wake of ... Read the full article

Treefrog partners with Gustavo Loret de Mola for launch of virtual CTO offering

12th January 2023

Bermuda-based Treefrog Consulting, a software development company delivering technology solutions to clients in the international (re)insurance and ILS space, has announced a new partnership with an insurance technology veteran, Gustavo Loret de Mola, for the launch of its latest virtual insurance Chief Technology Officer (CTO) offering. The service is aimed at ... Read the full article

Superscript gets £45m in Series B funding round

11th January 2023

London-based insurtech Superscript has announced the completion of its £45 million ($54m) Series B funding round led by existing investor BHL UK with participation from a new investor, The Hartford. According to Superscript, the funding will be used to further develop the firm's underwriting and broking capabilities, as well as to ... Read the full article

Previsico to leverage €4.3bn Meteosat satellite to deliver better flood forecasts

10th January 2023

Live flood alert Insurtech Previsico is set to leverage the new €4.3bn Meteosat satellite system to deliver even faster and more accurate flood warnings for clients like Zurich, Liberty, and Generali. The insurtech already provides real-time, property-level surface water flood forecasts that enable clients to mitigate flood impacts, which are given ... Read the full article

Duck Creek agrees acquisition by Vista for $2.6bn

9th January 2023

P&C solutions provider Duck Creek Technologies has agreed to be acquired by global investment firm Vista Equity Partners in an all-cash transaction valued at approximately $2.6 billion. Under the terms of the agreement, Duck Creek shareholders will receive $19.00 per share in cash, which represents a 46% premium to Duck Creek’s ... Read the full article

bolttech names Jens Schädler new CEO for Europe

6th January 2023

International insurtech bolttech has announced the appointment of Dr. Jens Schädler as Chief Executive Officer (CEO), Europe. He will be succeeding Andrew Cons, whose time at the company has come to an end after four years. Based in Switzerland, Dr. Schädler will provide strategic leadership across bolttech’s Europe operations, driving new and ... Read the full article

CNA Hardy targets tech businesses with new cyber suite launch

5th January 2023

CNA Hardy, a leading specialist commercial insurance provider for clients within the Lloyd’s and company markets, has launched Technology Package +, the latest addition to its specialist technology product suite. The company stated that Technology Package+ offers a completely updated, comprehensive suite of coverages including advanced cyber cover tailored to the ... Read the full article

Traditional re/insurers well-positioned in difficult tech market:

21st December 2022

Roi Amir, CEO of insurtech, has noted that traditional re/insurers that are able to leverage brand and technology will “be the winners” in 2023 and beyond, as tech start-ups continue to struggle amid a huge drop in funding across industries. Amir explained that 2022 has seen tech funding fall across ... Read the full article