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.
Willis introduces Zest Insurance, a digital platform for Australian SMEs
25th June 2025
Willis, part of the WTW group, has introduced Zest Insurance, a new digital insurance platform built specifically for small and medium-sized enterprises (SMEs) in Australia. The launch signals a shift in how smaller businesses can access and manage their insurance needs—bringing together digital speed with professional support. Zest Insurance allows SMEs to ... Read the full article
Send names Chief People Officer to support growth strategy
20th June 2025
Send Technology Solutions Ltd (Send), an insurtech firm, has named Will Sparkes as its new Chief People Officer. The appointment comes as the company looks to formalise and expand its approach to people operations during a period of ongoing growth. Sparkes has held HR roles at both large corporates—including Informa and ... Read the full article
Testudo launches AI insurance underwriting platform backed by Lloyd’s Lab
18th June 2025
Lloyd’s of London-backed start-up Testudo, part of Lloyd’s Lab innovation accelerator, has launched a new data and technology platform aimed at underwriting insurance policies for risks associated with artificial intelligence. Testudo, a company incubated through several legal and enterprise accelerators and supported by investors including LocalGlobe and Goldman Sachs partners, seeks ... Read the full article
hyperexponential research highlights differences in AI strategy and governance between UK and US insurers
17th June 2025
New findings from Insurtech provider hyperexponential (hx) show that data ingestion is the most commonly adopted AI application in the insurance sector, with 95% of UK and 89% of US insurers incorporating it into their operations. The study, which surveyed 350 professionals in underwriting, actuarial, and IT roles across the Specialty ... Read the full article
Neo Insurance secures funding from Japan’s ITOCHU Corporation
3rd June 2025
Neo Insurance Solutions, a provider of advanced, modular digital insurance infrastructure, has secured a strategic equity investment from ITOCHU Corporation, one of Japan's largest trading and investment companies. ITOCHU is known for its disciplined, long-term approach to building global businesses, bringing expertise in financial services and a strong network across Asia ... Read the full article
Insurance Advisory Partners names Joe Plumeri as Chairman
27th May 2025
Insurance Advisory Partners (IAP), an investment bank dedicated to the insurance, insurance services, and insurtech sectors, has announced the appointment of Joe Plumeri as Chairman. His appointment will take effect on September 1, 2025. In addition to assuming this new leadership role, Plumeri will also become an investor in the firm. Plumeri ... Read the full article
Small business owners face economic pressures as confidence in insurance coverage wanes: NEXT
12th May 2025
A new survey from NEXT Insurance, a digital insurtech company focused on serving small businesses, reveals that economic pressures remain intense for entrepreneurs heading into 2025. The findings, drawn from a sample of 500 small business owners across the United States, show that inflation and labor shortages continue to be the ... Read the full article
Insurwave and Osprey partner to modernise aviation insurance through real-time risk intelligence
12th May 2025
Insurwave, the London-based insurtech platform focused on specialty insurance, has entered into a strategic partnership with Osprey Flight Solutions, a specialist in aviation risk management. The collaboration aims to transform how insurers and aviation stakeholders assess, manage, and price risk by uniting Osprey’s advanced aviation threat intelligence with Insurwave’s dynamic insurance ... Read the full article
India’s re/insurance market at inflection point: Mathur, Policybazaar for Business
9th May 2025
India’s risk transfer market is at an inflection point, as reinsurance infrastructure in the country lags the evolution of the rapidly expanding primary insurance market, creating opportunities for new ideas and models, according to Tarun Mathur, Co-founder and Chief Business Officer, Policybazaar for Business. Founded in 2008, Policybazaar is an insurance ... Read the full article
InsurTech funding hits $1.31bn in Q1’25: Gallagher Re
7th May 2025
As per a new report from Gallagher Re, the InsurTech industry experienced a 90% surge in funding during Q1 2025, reaching $1.31 billion. According to Gallagher Re, around 61.2% ($710.86 million) of Q1 2025 InsurTech deals went to AI-centred companies, while five re/insurance investors made three or more tech investments in ... Read the full article
MGT Insurance expands leadership team with AI and business development experts
7th April 2025
MGT Insurance, an AI-driven neo-insurer, has announced the appointments of Paul Bessire as AI & Data Principal Engineer and Jason Johnson as Head of Business Development. Bessire, previously the Chief Technology Officer and Chief Data Officer at Coterie Insurance, is recognised in data science, AI, and insurance technology. His expertise in statistical ... Read the full article
11 InsurTechs join Lloyd’s Lab Accelerator programme
2nd April 2025
Insurance and reinsurance marketplace Lloyd's has revealed the 11 InsurTechs that have secured a place in the 14th Cohort of the Lloyd's Lab Accelerator programme. The teams chosen include Faura, Satva Trust, QualRisk, Ocean Ledger, Novella, Testudo, Circuit Security, GWT Insight, Unwind Finance, 7Analytics AS, and reinsurance technology platform Supercede Technology, ... Read the full article
Insurtech funding in LatAm dipped in 2024 but number of startups continues to rise: MAPFRE
14th March 2025
According to the ninth edition of the LatAm Insurtech Journey, developed by Digital Insurance LATAM and sponsored by MAPFRE, the Madrid-based insurer, annual investment in the sector fell by 38% compared to 2023, reaching only $92 million, although the second half of the year saw a 156% increase compared to ... Read the full article
FutureProof Technologies launches FutureProof Insurance Agency
3rd March 2025
FutureProof Technologies, a venture-backed insurtech startup, has launched the FutureProof Insurance Agency, a wholly-owned subsidiary designed to enhance insurance distribution through AI-driven risk selection. The agency will sell policies on behalf of dozens of carrier partners across the United States, leveraging FutureProof's risk selection technology. This expansion builds on the success of ... Read the full article
Global InsurTech funding fell to a seven-year low in 2024: Gallagher Re
13th February 2025
Global InsurTech funding fell to a seven-year low in 2024, declining 5.6% year-over-year from $4.51 billion in 2023 to $4.25 billion in 2024, according to a recent Gallagher Re report. This data is from Gallagher Re's Global InsurTech Report, the fourth and final instalment in its 2024 series on AI’s role ... Read the full article
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