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.
Centauri Insurance announces partnership with Betterview
20th July 2023
Centauri Insurance, a provider of property and casualty insurance products, has partnered with insurtech company Betterview, for proactive storm risk management. According to the announcement, this collaboration will increase efficiency and oversight in new business underwriting and renewal workflows, while empowering a proactive approach to storm risk management. Centauri provides its P&C ... Read the full article
NEXT Insurance strengthens commitment to agents with Ivans Download integration
14th July 2023
NEXT Insurance, a digital insurtech, has announced its integration with Ivans Download for General Liability and Workers' Compensation policies. According to NEXT, this feature offers a seamless exchange of policy data between the firm and its appointed agents, furthering the company's commitment to facilitating an efficient process for agents and the ... Read the full article
Zurich announces partnership with insurtech Qover
7th July 2023
Zurich Insurance Group has joined forces with Belgium-based Qover, to expand its embedded insurance capabilities. The insurer entered this partnership through Zurich Global Ventures as part of which Zurich is also joining the insurtech’s Series C funding round. Qover was founded in 2016 with the vision to simplify the future of insurance; ... Read the full article
Insurtech funding drops to 2018 levels, but $7 trillion market opportunity persists: Report
29th June 2023
The first half of 2023 witnessed a significant decline in venture capital funding for insurtech start-ups, reaching levels similar to 2018. According to the report "The State of Global Insurtech" prepared by Dealroom.co, Mundi Ventures, MAPFRE, NN Group, and Generali, insurtech investments amounted to $2.4 billion, a 45% decrease compared to ... Read the full article
Flow Capital invests in Wrisk to accelerate international growth
28th June 2023
Flow Capital, a provider of flexible growth capital and alternative debt solutions, has closed an investment in B2B2C insurtech Wrisk Limited. Wrisk is a digital-first insurance business that works with automotive brands to "shape the future of their customers' mobility and insurance experiences." The insurtech offers an embedded white-labelled insurance platform to ... Read the full article
Insurtech Raincoat raises additional $6.5m in seed funding
27th June 2023
Raincoat, a startup developing scalable climate insurance solutions, has announced the closing of an additional $6.5 million seed round. This follows the $4.5 million Raincoat raised last year, bringing its total raised to date to $11 million. According to the announcement, the latest round of capital will support the company's expansion ... Read the full article
Accelerant launches Risk Exchange platform to support specialty underwriters
22nd June 2023
Insurtech firm Accelerant has announced the launch of its Risk Exchange platform to further support specialty underwriters and drive market-leading, profitable growth. According to the announcement, The Accelerant Risk Exchange, now in beta, is available to Member specialty underwriters, insurers, and risk capital partners. The firm noted that the platform connects specialty ... Read the full article
Slide fortifies financial position with additional $35m of capital
22nd June 2023
Full-stack homeowners insuretech Slide Insurance has announced the closing of a $35 million senior credit facility with Regions Bank. This investment fortifies the financial position of the Florida-based firm, according to the announcement. “Securing the capital structure to support our technology development and growth has been a key focus since our inception," ... Read the full article
Lemonade shatters record by using AI to settle a claim in two seconds
14th June 2023
InsurTech firm Lemonade has broken a world record by settling an insurance claim within two seconds by using AI and machine learning. Renowned for leveraging AI and machine learning technology to enhance and improve customer experiences, Lemonade has developed cutting-edge technology to streamline and arguably revolutionize the insurance claim process. Through their ... Read the full article
Cover Whale surpasses $500m in all-time written premium
13th June 2023
Cover Whale, a rapidly growing insurtech and commercial trucking insurance provider, has surpassed the $500 million mark in all-time written premium. This milestone represents the firm's rapid growth since it wrote its first commercial trucking policy in March 2020. It also clearly demonstrates Cover Whale's position as a "driving force" within ... Read the full article
Arturo expands catastrophe response capabilities to the United States
13th June 2023
Arturo, the property intelligence company that delivers portfolio-wide underwriting, risk and claims insights, has announced a global expansion of its catastrophe response capabilities to the United States insurance market. In the last couple of years, Arturo has proven the value in bridging disparate data sets to derive impactful property insights, playing ... Read the full article
OneDegree partners with Microsoft to drive Insurtech & cybersecurity innovations with Azure OpenAI
12th June 2023
OneDegree Global, a technology startup in the insurtech and cybersecurity sectors, has entered into a strategic partnership with Microsoft Hong Kong. The collaboration marks a major milestone between the two companies as OneDegree integrates Azure OpenAI Service into its IXT insurtech and Cymetrics cybersecurity solutions. OneDegree recently unveiled its latest generative AI ... Read the full article
IA Capital Group adds three new senior team members
7th June 2023
IA Capital Group, an insurtech-focused venture capital firm has appointed three new senior team members. The company has confirmed that Dr. Christy Lane, formerly an IA Capital Advisory Partner, joins the firm's core team as a Venture Partner. Dr. Lane currently serves as the Director of Insurance Solutions for Health Gorilla, an ... Read the full article
Cover Genius bolsters executive team
6th June 2023
Cover Genuis, the insurtech for embedded protection has expanded its executive team by appointing Kyle Keogh as Chief Business Officer, Americas, hiring Barney Pierce as interim Chief Business Officer, EMEA and APAC and expanding the role of Darcy Rittinger to Chief Risk Officer. In his role as Chief Business Officer, Americas, ... Read the full article
Broker Insights appoints Tom Duke as Chief Operating Officer
30th May 2023
Tom Duke, a veteran of Scotland’s high-growth technology sector, has joined Broker Insights as Chief Operating Officer. Duke has over two and a half decades of experience working in technology companies, having worked with several fast-growing businesses, like Broker Insights, to design and develop products that can keep pace with the ... Read the full article
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