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.
wefox urges global insurance industry to improve customer experience
29th September 2022
Berlin-based insurtech, wefox, is calling on the insurance industry to improve customer experience after its Global Safety Report results revealed there is widespread dissatisfaction and lack of trust in the industry. At the same time, the report found that despite this sentiment and in the face of insurance rates and the ... Read the full article
Duck Creek Producer to expand internationally
28th September 2022
P&C solutions provider Duck Creek Technologies has announced the international expansion of Duck Creek Producer – a platform for enhancing the relationships between insurers and brokers and accelerating speed-to-market for distributing new products. Launched in the US in 2020, Duck Creek Producer has been gaining attention and traction, including a recent ... Read the full article
PlanetWatchers raises $11m funding for expansions plans
28th September 2022
Crop monitoring and technology company, PlanetWatchers, has raised $11 million as part of its Series A funding round, as part of the company’s expansion plans. The company uses advanced machine learning to support crop insurers and the agricultural industry in verifying cover crops, tillage, planting dates, acreage, crop classification and weather ... Read the full article
Sensa hires industry veteran as Chief Operating Officer to drive growth in the US
27th September 2022
Proactive insurer and insurtech, Sensa, has appointed Steven Brown as Chief Operating Officer (COO) Brown brings over 35 years of property and casualty (P&C) insurance experience towards the role. He joins from software company, The Floow Ltd, where he served as Chief Insurance Officer. Prior to that, he spent over seventeen years at ... Read the full article
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
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