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 Bluezone gets reinsurance backing for life insurance solution
17th November 2022
Insurtech Bluezone has secured its first-choice global reinsurer to partner with as it remains on track to launch its first product in the first quarter of 2023. Following a successful £1.5 million seed investment round led by Insurtech Gateway earlier this year, Bluezone has now confirmed it has successfully obtained its ... Read the full article
Novidea hires Matt Richards as Head of UK Delivery
16th November 2022
Global insurTech Novidea, has appointed Matt Richards as its new Head of UK Delivery. Within this role, Richards will have overall responsibility for UK customer deliveries to ensure that Novidea consistently meets its customer requirements, as well as its own high standards for excellence in service and delivery for its insurance ... Read the full article
Lemonade Q3 premiums increase but loss grows
9th November 2022
A letter from Lemonade to its shareholders says that in-force premiums (IFP) with the firm have risen 76% year on year to reach $609m in Q3 2022. The insurer said that (IFP) stood at $347m in Q3 2021 and at $189m in Q3 2020. Gross earned premiums over the same periods ... Read the full article
BOXX Insurance acquires cyber platform Templarbit
9th November 2022
Toronto-based cyber insurance specialist BOXX Insurance has acquired cyber intelligence platform Templarbit. Terms of the deal were not disclosed, but BOXX said it gave the firm ‘additional momentum’ to pursue its vision of ‘making the world a digitally safer place’. With teams in Palo Alto and Los Angeles, Templarbit was founded by ... Read the full article
Zurich launches global API marketplace
8th November 2022
Zurich Insurance Group has launched Zurich eXchange, a next generation global Application Programming Interface (API) marketplace. According to the firm this move marks the next chapter of Zurich’s digital transformation journey. Zurich eXchange will facilitate faster integration and more efficient collaboration throughout the company and with customers and partners. An API is ... Read the full article
Chubb Studio expands tech features
7th November 2022
Chubb has announced that its global integration platform, Chubb Studio, has introduced new features that can embed insurance into the digital environments of its distribution partners more easily. The platform's three new features provide Chubb's distribution partners with access to Chubb-developed software development kits (SDKs) that enable the company's partners to ... Read the full article
Swiss Re partners with insurtech Jooycar to boost auto insurance telematics
2nd November 2022
Global reinsurance giant Swiss Re has entered an alliance with Latin American auto insurtech Jooycar to boost auto insurance telematics benefiting small and medium-sized commercial fleets in Mexico. The insurtech will offer its fleet management service, "Fleetr by Jooycar", to the Mexican market, which it states was a success in its ... Read the full article
Canopius launches technology & data hub in Manchester
2nd November 2022
Global specialty re/insurer Canopius has announced the launch of the ‘Canopius Tech & Data Hub’ in Manchester, UK. The Hub will begin operating early next year, says Canopius, and will ensure that that company is developing the best possible solutions within the data and technology sphere, while also supporting its strategic ... Read the full article
Lemonade joins the Association of British Insurers following UK launch
2nd November 2022
Digital insurance company Lemonade has joined the ABI as its latest member following the firm's launch in the UK. Lemonade recently launched in the UK with its digital-first and instantaneous approach to contents insurance, entering a long-term, strategic partnership with Aviva. At the time, Daniel Schreiber, Lemonade co-CEO and co-founder, commented, ... Read the full article
Cover Genius raises $70mn in Series D funding led by Dawn Capital
2nd November 2022
Global insurtech, Cover Genius has announced that it has raised $70 million in Series D funding in a round led by Dawn Capital, along with participation from new investor, New York-based Atlas Merchant Capital, and existing investors, including GSquared and King River Capital. The raise will assist in the insurtech’s rapid ... Read the full article
Insurtech funding stable through ‘inflection point’ Q3: Gallagher Re
1st November 2022
New data from re/insurance broker Gallagher Re shows that $2.35 billion of global insurtech-sector investment was made in Q3 2022, which marked something of an “inflection point” for the space. The level of investment was in fact down 2.5% from Q2's total, but Gallagher Re notes that the headline figure masks ... Read the full article
ICMIF launches new insurance sustainability impact quantification tool
1st November 2022
The International Cooperative and Mutual Insurance Federation (ICMIF) has launched a tool to quantify insurance sustainability impact against the Insurance Sustainable Development Goals (iSDGs). Described as the first tool of its kind, the ICMIF-calibrated Insurance SDG Calculator was developed by the Swiss Re Institute under the UN Principles for Sustainable Insurance ... Read the full article
Cyber insurers to benefit from SentinelOne’s new risk management app
31st October 2022
SentinelOne, an autonomous cybersecurity platform company, has announced the addition of a new app for cyber insurers' risk management in its Singularity Marketplace. For organisations, the WatchTower Vital Signs Report app communicates an accurate profile of cyber security posture and controls to cyber insurers, streamlining the process of obtaining cyber insurance ... Read the full article
Artificial Labs adds Ascot founder Martin Reith as Chairman
27th October 2022
Artificial Labs, a UK insurtech providing algorithmic underwriting technology to the commercial and specialty insurance market, has announced the appointment of Martin Reith as Chairman of its Board. Reith has almost 40 years’ experience in the insurance and reinsurance space and is the founder and former Group CEO of Ascot Underwriting ... Read the full article
Acrisure to acquire two more firms
26th October 2022
Fintech firm Acrisure is to acquire the firms Sutton Winson and Sutton Specialist Risks (SSR). Both deals are subject to FCA approval and are expected to close within the next few weeks. This year, the firm says that it has completed or has under a letter of intent more than 120 ... Read the full article
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