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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.

Blue Island Technology launches new risk engine

2nd December 2021

Blue Island Technology (BIT) has launched Blue Lightning, a cat risk analytics and roll-up engine. The engine is designed to run alongside a customer’s existing portfolio management system to provide a fast and responsive analytics and roll-up solution. With the ability to scale up and out, coupled with intelligent caching, Blue Lightning ... Read the full article

Marty Schafer joins Ethos as First Distribution Officer

1st December 2021

Life insurtech Ethos has announced the appointment of Marty Schafer as its first Chief Distribution Officer to bolster the company's channel distribution. He will be responsible for building a team to focus on enabling partnerships specifically with third party life insurance distributors and life, property and casualty insurance agents. Schafer joins Ethos ... Read the full article

Obsidian strikes carrier partnership with insurtech Steadily

1st December 2021

Obsidian Insurance Holdings, Inc., a program fronting insurance holding company, has announced a new carrier partnership with Steadily, a Texas-based insurtech that specialises in landlord insurance. The new program with Obsidian will offer insurance solutions that enable landlords to get rapid insurance quotes online. The partnership hopes to remove points of friction ... Read the full article

Singapore fintech Pand.ai launches broker with Allianz, Etiqa & MSIG

1st December 2021

Fintech startup Pand.ai has announced the launch of GINA.sg, an English-Chinese bilingual WhatsApp Chatbot that helps car owners in Singapore find motor insurance. GINA.sg will be launched in partnership with insurers Allianz, Etiqa and MSIG. It will offer digital brokerage services for general insurance under the Monetary Authority of Singapore (MAS) Fintech ... Read the full article

Eos to integrate ESG factors into investment decisions

29th November 2021

Eos Venture Partners (Eos), the venture capital fund focused exclusively on the insurtech sector, has committed to integrating environmental, social, and governance (ESG) factors, including closing the protection gap, into its investment decisions. Eos Partner Sam Evans says the global pandemic has highlighted the importance of resilience and the need to ... Read the full article

WTW partners with software provider CodeEast on digital solution

29th November 2021

Re/insurance broker Willis Towers Watson (WTW) and software provider CodeEast have announced a global partnership offering a new digital transformation solution for insurance companies and MGAs. Combining WTW’s Radar Live with CodeEast's ONEview digital insurance platform, the solutions is designed to maximise profit margins and reduce operational costs using product distribution ... Read the full article

Heritage announces partnership with insurtech Slide, acquires 6% stake

29th November 2021

Heritage has announced an extensive strategic partnership with insurtech Slide, a deal that will see the property and casualty insurance holding company enhance its underwriting and rating decision capabilities with new technologies. Heritage is set to take a 6% equity stake in the insurtech P&C carrier, as well as a perpetual, royalty free ... Read the full article

Corvus opts for portfolio management tools from CyberCube

25th November 2021

Corvus Insurance, a provider of AI-powered commercial insurance, has announced that it plans to use CyberCube’s Portfolio Manager to better analyse and understand cyber risk. In addition to Portfolio Manager, the Boston-based managing general agent (MGA) will also use CyberCube’s Single Point of Failure (SPoF) model and Attritional Loss model as ... Read the full article

Motor insurer ERS launches API trading with Verex

23rd November 2021

Specialist motor insurer ERS has announced the launch of a new digital, full-cycle API trading capability called Plug in to ERS, alongside Verex, a provider of connected services to vehicle manufacturers and their customers. Verex Group is the exclusive provider of connected data services to 16 leading vehicle manufacturers in the ... Read the full article

Insurtechs Demex & Vave target US for commercial extreme temp cover

22nd November 2021

Demex Group, an analysis and pricing platform for climate-linked risks is partnering with algorithmic underwriting managing general agent Vave on the delivery of extreme temperature insurance to commercial properties across the US. The intention is to embed Demex's technology within Vave's new commercial offering, which is designed to protect policy holders ... Read the full article

Slide raises $100mn in Series A funding round

22nd November 2021

Homeowners insurtech Slide has announced it has raised $100 million in a Series A funding round, led by Gries Investment Funds and Tampa Bay Ventures. Slide’s technology leverages a dataset to power new advances in artificial intelligence and machine learning for modern homeowners, who can create bespoke insurance policies that fit ... Read the full article

Swiss Re & Baidu partner on autonomous driving insurance

19th November 2021

Global reinsurance giant Swiss Re and Chinese tech giant Baidu have partnered to advance insurance and risk management for autonomous driving and autonomous vehicles. The companies announced this morning that Swiss Re will work with the technology firm to provide risk management expertise and innovative insurance products for Baidu’s autonomous driving ... Read the full article

Concirrus recruits Chief Analytics Officer from Aon

16th November 2021

Insurtech Concirrus has announced the appointment of former Aon director Brian MacInnes as its new Chief Analytics Officer. MacInnes has spent the last 12 years at Aon, most recently focused on building out Portfolio Solutions and analytics capabilities within the broker’s London Market wholesale insurance business. At Concirrus, he will own the ... Read the full article

Insurers will need to accelerate their evolution: S&P

16th November 2021

According to the 2022 Insurance Industry Outlook Report from S&P Global Market Intelligence, insurance companies will need to accelerate the evolution of everything from distribution and pricing to customer and investor relations. Analysts at S&P reported several key themes for the insurance industry that include emerging perils, the evolving nature of ... Read the full article

Greenlight Re Innovations backs title insurtech Blueprint

12th November 2021

Greenlight Re Innovations, part of Greenlight Capital Re, has invested in Blueprint, a full-stack title insurer focused on the digitalisation and integration of new technologies into the industry. More specifically, Blueprint reduces the historically-outsized expense ratios associated with title insurance by centralising underwriting and agency operations under a full-stack carrier. The company ... Read the full article

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