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.
Cenata and IQUW partner on reinsurance management solution
5th April 2022
Insurtech software provider Cenata has partnered with Property, Commercial and Specialty re/insurer, IQUW, enabling the Lloyd’s syndicate to use Cenata’s outwards reinsurance management solution, Cenata SURE, a full cycle outwards reinsurance management solution. The partnership will provide IQUW with the capability to process real-time premium and claims data from multiple inwards ... Read the full article
Report says US insurers turned increasingly to tech during pandemic
31st March 2022
A new report from Information Services Group states that many US insurers turned to technology to meet changing operational and market demands through the Covid-19 pandemic. According to the firm, its 2021 ISG Provider Lens Insurance Platform Solutions Report for the US finds the pandemic served as a catalyst for digital ... Read the full article
Insurtechs Ascend & Stere strike infrastructure partnership
30th March 2022
Insurtech infrastructure companies, Ascend and Stere, have announced a new anchor partnership that will see them team up to provide digital services for existing brokers, MGAs, and carriers. Ascend is an insurance payments platform that provides automated all-in-one financing, collections, and payables that aims to help distributors eliminate labor-intensive processes. Stere, meanwhile, ... Read the full article
Greenlight Re Innovations invests in tax audit insurtech
25th March 2022
Greenlight Re Innovations (GRI), part of Greenlight Capital Re, has announced an investment in AuditCover Australia Pty Limited, a tax audit insurtech. AuditCover is structured as a tech-centric, end-to-end digital audit insurance platform that connects directly to accountants' core systems. Its aim is to streamline the quote and bind process and provide ... Read the full article
WTW adds open source capabilities to Radar software
25th March 2022
Re/insurance broker WTW has today announced the launch of the newest version of its Radar software, which features a fully integrated Python capability. By integrating Python into Radar, insurers using the software will be able to combine its pricing capabilities with other open source software. WTW says the new version of Radar ... Read the full article
Hannover Re opens up insurtech innovation platform hr | equarium
24th March 2022
Following the launch of hr | equarium in 2019, Hannover Re is opening up its innovation platform to all interested parties with immediate effect, in a move it says will enable more insurers to access services and solutions from insurtechs. hr | equarium is Hannover Re’s publicly accessible insurtech innovation ... Read the full article
Buckle upsizes term loan to grow insurance platform
24th March 2022
Buckle, a digital financial services company for the gig economy, has completed a $15 million upsizing of its term loan with participation from Siguler Guff & Company, along with existing lender Hudson Structured Capital Management (conducting its re/insurance business as HSCM Bermuda). This increases the total to $35 million, with the ... Read the full article
ACORD launches reinsurance treaty data exchange service
24th March 2022
International standard-setting body for the insurance sector ACORD has announced that its subsidiary, ACORD Solutions Group has launched a new data exchange capability for reinsurance treaty contract placement through its trading platform – Acord Data Exchange Platform & Translator (ADEPT), which links trading partners to structure, validate and reconcile their ... Read the full article
Blink Parametric partners with MNK Re
22nd March 2022
Blink Parametric, a CPP Group Insurtech has partnered with MNK Re, a specialist Lloyd's of London insurance and reinsurance broker, which will see the early rollout of Blink’s flagship parametric flight disruption solution. The solution will provide further pipeline parametric insurance opportunities for its diverse weather, climate, energy and bancassurance offerings ... Read the full article
Layr raises $10mn in Series A funding round
21st March 2022
Insurtech startup Layr has raised $10 million in Series A funding round, which was led by HSCM Ventures, with participation from MGV, Sandbox Industries, Flyover Capital, and Hannover Digital Investments. The funding will go towards the expansion of Layr’s team and grow its footprint amongst insurance agents and brokers while adding ... Read the full article
Planck targets customer acquisition costs with new product
18th March 2022
Artificial Intelligence (AI) data platform Planck has announced the launch of a new product to help insurers identify high-potential prospects and markets that match their risk appetite. By using utilising Prospect Intelligence platform, Planck argues that carriers will be able to reduce their customer acquisition cost, increase growth & expansion and ... Read the full article
Howden invests into data and analytics capabilities
17th March 2022
Howden Group Holdings has made a strategic alignment of its digital, data and analytics capabilities by embedding them directly into the client-facing business areas in which they support. HX was launched in 2019 to develop key areas of the group’s digital, data and analytics platform delivery and accelerate the growth of ... Read the full article
Munich Re to utilise AI driver tech from Netradyne
16th March 2022
Munich Re America Services has announced that it plans to use Driver•i technology from Netradyne within its Smart Mobility Program to help its clients reinforce good driver behaviour. The reinsurer will add Netradyne's AI-enabled camera system to its list of approved risk solutions for commercial fleet clients. Munich Re's Smart Mobility team ... Read the full article
Ariel Re picks up Portfolio Manager from CyberCube
15th March 2022
Ariel Re has decided to implement analytics platform Portfolio Manager into its organisation. The software, from CyberCube, is a scenario-based data-driven model that enables risk professionals to develop insights for their senior leadership and teams. Portfolio Manager stress tests portfolios of insurance and reinsurance risks against a range of systemic cyber-related ... Read the full article
Cargo insurtech Loadsure secures $11m in MMC-led funding round
15th March 2022
Insurtech MGA Loadsure has raised $11 million in a Series A funding round, led by MMC Ventures alongside Crowley, a global maritime, energy, and logistics company and existing investor Insurtech Gateway. Loadsure provides a transactional cargo insurance platform and automated claims process. It plans to use the funding to scale its organisation, ... Read the full article
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