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.
Insurtech Blink Parametric launches flight disruption solution in US
11th April 2023
Blink Parametric has expanded its partnership with MGA AwayCare to provide a real-time flight disruption solution to US travellers worldwide. AwayCare led the initiative to provide its Flight Delay service to US-based Travel Insured International (TII). TII will make the AwayCare Flight Delay service, managed by Blink Parametric, available within select plans ... Read the full article
Arch Insurance acquires insurtech Thimble
11th April 2023
Arch Insurance has expanded its suite of digital solutions with the acquisition of Thimble, an insurtech platform for small business customers and agents. Since May 2018, Thimble has delivered more than 170,000 policies to small businesses across the United States, and works with a variety of carriers including Markel and Employers. Following ... Read the full article
PPL Next Gen platform rolls out fully after successful trial
3rd April 2023
PPL Next Gen, the new version of the London insurance market’s electronic trading platform, has been opened to placements for the entire market following four weeks of limited access while market firms completed training and preparation activities. During this time, the platform was also tested to ensure any “teething issues” ... Read the full article
Lloyd’s Lab reveals insurtechs for Europe-focused cohort
29th March 2023
Re/insurance marketplace Lloyd’s has announced the 13 insurtech firms set to join the 10th cohort of its innovation hub, the Lloyd’s Lab, which will include a focus on the European market this time around. For this cohort, the insurtechs were selected based on solutions geared towards three themes: European Digital and ... Read the full article
AdvantageGo & Zywave partner to improve underwriter decisions
24th March 2023
AdvantageGo, a leading commercial re/insurance software provider, and InsurTech provider Zywave, have announced a new strategic alliance. The expanded relationship between the two firms will heavily centre on the integration of Zywave’s rating and distribution product, ClarionDoor, and AdvantageGo´s Underwriting workbench to help improve underwriter decision-making. Zywave joins AdvantageGo’s Escosystem, a group ... Read the full article
Tech MGA elseco strengthens space team with new appointments
24th March 2023
Tech specialist MGA elseco has bolstered its leadership, risk analysis, and modelling capabilities within its space insurance team, naming Laurent Esquirol as Group Space Risks Technical Director and Ludovic Arnoux as Client Advocate and Launch System Technical Advisor. elseco notes that despite employing the largest space underwriting team in the market, it ... Read the full article
Munich Re and PSG announce new risk assessment solution
23rd March 2023
Munich Re Life US and insurtech Paperless Solutions Group (PSG) have announced a new combined risk assessment and e-application solution, that allows life insurance carriers to underwrite new policies faster and with greater accuracy. The solution combines the risk assessment and instant decisioning power of Munich Re’s alitheia with the seamless ... Read the full article
Cowbell opens new technology center in Pune, India
23rd March 2023
Cowbell, a leading provider of cyber insurance for small and medium-sized enterprises (SMEs) has announced the opening of a new technology center in Pune, India. The new center will augment the firm’s existing development centers in Pleasanton, California; Plano, Texas; and Toronto, Canada. At the same time, it will also drive further global footprint ... Read the full article
Joyn Insurance adds former AIG exec Brian Duperreault to board of directors
22nd March 2023
Insurtech Joyn Insurance has announced the addition of Brian Duperreault, former AIG CEO, to its board as an independent director. This move follows the appointment of Jim Hackbarth as the company’s first independent director announced earlier this month. From 2017 to 2021 Duperreault served as Executive Chairman for AIG’s Board ... Read the full article
Relativity6 launches new insurance tool, announces new hires and CPO
21st March 2023
Relativity6, an AI solutions provider for insurance companies, has launched a new tool to detect risk in commercial insurance submissions. The firm also announced a number of new hires and the promotion of Jonathan Ringvald to Chief Product Officer (CPO). With Hazard Flags, and its use of advanced machine learning algorithms, ... Read the full article
Fenix24 gets funding from insurtech investor Eos Venture Partners
21st March 2023
Cyber disaster recovery firm Fenix24 has announced a $5 million investment by Eos Venture Partners, a prominent insurtech investor. Fenix24, a sister company of Conversant Group, provides a professional cybersecurity force focused exclusively on restoring companies after cyber breach events. The firm states that Eos' investment will support it in serving additional ... Read the full article
Intermap adds $1.3mn in European insurance contracts
17th March 2023
Intermap Technologies, a leader in 3D geospatial products and intelligence solutions, has announced that multiple European insurers have agreed to expand their five-year contracts with an aggregate additional value of over $1.3 million. The $1.3 million value will be used for Intermap’s flood risk software, geocoding analytics, and a new generation ... Read the full article
Echo Re leverages data exchange platform ADEPT to connect with Aon
16th March 2023
Reinsurer Echo Re, a wholly owned subsidiary of the German DEVK Group, has announced it has expanded its usage of ADEPT to drive efficient data exchange with Aon. According to the announcement, the extended integration of the ACORD Data Exchange Platform and Translator (ADEPT) - built by ACORD Solutions Group - ... Read the full article
Joyn Insurance welcomes Jim Hackbarth as its first independent Director
16th March 2023
InsurTech firm, Joyn Insurance has announced that insurance industry executive Jim Hackbarth will be joining its Board as its first independent Director. An experienced veteran within the industry, Hackbarth was most recently President and CEO of Assurex Global - the world’s largest privately held risk management commercial insurance brokerage group. Joyn CEO ... Read the full article
Relm Insurance partners with cyber risk manager NetDiligence
15th March 2023
Specialty insurer Relm Insurance has announced a new partnership with NetDiligence, a provider of cyber risk readiness and response services, to deliver a suite of cyber risk monitoring solutions. Solutions will be provided to policyholders via automated enrolment through NetDiligence’s eRiskHub platform, which is designed for the prevention, reporting, and recovery ... Read the full article
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