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.
Guy Carpenter goes into partnership with analytics firm TNEDICCA
27th September 2022
Guy Carpenter has entered an agreement with analytics firm TNEDICCA that will enable the former to deliver enhanced auto analytics to its insurance carrier clients. Under the deal, Guy Carpenter said it will use TNEDICCA’s location risk products for its US personal and commercial auto marketplace. Access to this key data ... Read the full article
MLTPLY launches insurtech startup Proxima
23rd September 2022
MLTPLY has announced the launch of Proxima, an insurtech startup that offers insurance companies software to develop and support its staff and expand IT, customer service, sales, underwriting and claims capabilities. Proxima currently operates in Latin America and the US, providing staff augmentation resources in underwriting and technology verticals. The company ... Read the full article
Google and Travelers’ team up on ‘connected data ecosystem’
22nd September 2022
Google Cloud and Travelers' are to work together on a ‘connected data ecosystem’ that the two say will enhance the commercial insurance underwriting process. The partnership between the firms will, they said in a statement, will quickly synthesise vast amounts of information, helping Travelers' underwriters more efficiently evaluate risks for large-and-middle-market ... Read the full article
Pie Insurance raises $315mn Series D round of funding
22nd September 2022
Pie Insurance, a leading tech-enabled provider of workers’ compensation insurance to small businesses, has raised a $315 million Series D round of funding. The round was led by Centerbridge Partners and Allianz X, the digital investments arm of Allianz Group. At the same time, White Mountains Insurance Group also joined as a ... Read the full article
Tremor develops Sandbox marketplace to demo transactions
21st September 2022
Reinsurance pricing and placing platform provider Tremor Technologies has announced the launch of a fully featured Sandbox version of its marketplace where mock transactions can be conducted as a buyer or seller of reinsurance protection. Tremor Sandbox is designed to enable users to practice and try out specific platform features and ... Read the full article
Underwriting platform Federato secures $15m in funding
21st September 2022
Federato, a portfolio strategy and underwriting platform for the insurance industry, has raised $15 million in Series A funding, led by Emergence Capital, with participation from Caffeinated Capital and Pear. Other backers include Niranjan Sabharwal, Cofounder and CEO of AgentSync and John Raguin, Cofounder and former CEO of Guidewire. Federato's approach claims ... Read the full article
Reask names Louise Braybrooke as new Chief Client Officer
20th September 2022
Reask, a leading science and technology company that focuses on natural hazard modelling, has appointed Louise Braybrooke as its new Chief Client Officer. As a well-known specialist in Technical Sales, Account Management, and Customer Success in the catastrophe and geospatial analytics vertical, Braybrooke has deep knowledge and experience within P&C insurance, ... Read the full article
Verisk expands property estimating solutions with integration of Yembo’s tech
20th September 2022
Verisk has continued the expansion of its property estimating ecosystem with the integration of Yembo’s 3-D models and AI-Driven insights. Yembo’s AI-powered technology now integrates with Xactimate, says Verisk, enabling desk adjusters to view photo-realistic, 3-D models of interior damage created from videos captured onsite via smart devices. Siddharth Mohan, co-founder and ... Read the full article
Latest round of funding brings Planck’s total to $71m
20th September 2022
Data firm Planck has raised $71m in funding following its latest $23m round. The firm said that the latest round was led by Vintage Investment Partners and all existing financial investors, including Team8, Greenfield, Arbor Ventures, Viola, 3L Capital, HDI, and Nationwide, alongside private angel investors. It said the financial planning will ... Read the full article
Longevity insurtech specialist FOXO completes SPAC merger
20th September 2022
Longevity insurance technology firm FOXO has completed combining its business with that of SPAC company Delwinds. A statement from the former said that the combined company will operate under the name 'FOXO Technologies Inc.' and will be led by Jon Sabes, founder and CEO of FOXO. Sabes said: “The completion of this ... Read the full article
It’s now “imperative” that re/insurers deploy smart tech: Davies, Xceedance
14th September 2022
Current geopolitical instability, staffing woes, and inflationary pressures are forcing the insurance industry to dramatically improve its operational efficiency through smart technology, says Justin Davies, Head of EMEA at re/insurance service provider, Xceedance. The insurance and reinsurance industries, like other businesses and consumers all over the world, are struggling with a ... Read the full article
Accelerant hires Pete Horst as Chief Technology Officer
14th September 2022
Insurtech platform Accelerant has appointed Pete Horst as its new Chief Technology Officer (CTO). Within this role, he will lead functions spanning Accelerant’s proprietary data and technology platform that helps Members better understand risk, benefit from insights, and handle operational and regulatory complexity. Most recently, Horst served as Vice President of Engineering ... Read the full article
If you are just deploying technology to a broken process, it’s still a broken process: Xceedance
12th September 2022
As carriers and brokers embark on technology transformations, one of the key considerations is to review the existing process, and look at how it can be optimised and how you can apply technology to make that process even better, says Justin Davies, Head of EMEA at re/insurance service provider, Xceedance. Davies ... Read the full article
Korean digital insurer Carrot raises $250m in funding
9th September 2022
South Korean digital insurance carrier Carrot General Insurance has secured a fresh funding of 300 billion Korean won (US $25 million). Led by private equity firm Affirma Capital, the capital will be raised across two connected rounds with wide participation of existing investors. Carrot has successfully closed the initial funding of 175 ... Read the full article
Insurtech Waterdrop adds Swiss Re Asia exec to board
8th September 2022
Waterdrop, the Swiss Re-backed technology platform for insurance and healthcare services, has announced the appointment of Wenjie Guan to its board of directors. Guan currently serves as Head of Principal Investments and Acquisitions North Asia at Swiss Re, and will take up her board position from September 7th. Prior to joining Swiss ... Read the full article
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