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.
Vikas Acharya becomes insurtech ChainThat new CEO
24th January 2024
ChainThat, a London-based insurtech, has announced the appointment of Vikas Acharya as Chief Executive Officer (CEO), with immediate effect. Acharya has rich enterprise technology experience in the insurance market, and as Co-Founder of the business, he has been an integral part of ChainThat’s history, ChainThat stated. “I am extremely enthusiastic about leading ... Read the full article
CoreLogic and Artigem to launch new contents estimation capabilities
24th January 2024
Global provider of property information, analytics, and data-enabled solutions, CoreLogic is working with insurtech Artigem to launch new contents estimation capabilities within the CoreLogic Claims | Workspace platform. With these new capabilities, insurance claims professionals can access all tools needed to provide homeowners with accurate estimates in a timely manner following ... Read the full article
hyperexponential targets US expansion with close of $73m Series B funding round
11th January 2024
London headquartered provider of pricing decision intelligence (PDI) software, hyperexponential, has closed its $73 million Series B funding round, which will support its expansion into the U.S., and greater investment in new product capabilities to meet increased demand. This latest funding round was led by Battery Ventures, a global technology-focused investment ... Read the full article
Janover launches insurtech start-up
9th January 2024
Janover Inc., an AI-enabled platform for commercial real estate transactions, has launched a new insurtech as a wholly owned subsidiary - Janover Insurance Group. According to the announcement, this new venture is set to seamlessly integrate with Janover's generative AI applications and directly plug into its marketing funnel. In a statement, the ... Read the full article
CyberCube expands capabilities of its Account Manager software in latest version
13th December 2023
Cyber analytics firm CyberCube has launched Version 5.0 (v5) of Account Manager, the software-as-a-service (SaaS) solution designed for underwriters, with expanded financial quantification insights and several data enhancements. Account Manager v5 extends the capabilities of Portfolio Manager, CyberCube’s portfolio modelling product. This gives clients that licence both solutions the ability to quantify ... Read the full article
Insurtech BirdsEyeView targets growth in UK & US markets with latest investment round
12th December 2023
Backed by the European Space Agency, insurtech start-up BirdsEyeView has raised an undisclosed seven-figure sum as it looks to expand in UK and US markets and further develop its RAPTOR™ technology. The latest investment round was led by the European Space Agency, Big 5 Investors, InsurTech NY, and ACF Investors. The insurtech ... Read the full article
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
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