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.
Insurtech set for record-breaking 2021 as investment tops $10.5bn, reports WTW
27th October 2021
2021 has now overseen a record-breaking $10.5 billion in insurtech investment raised during the first three quarters, according to a Willis Towers Watson (WTW) report. In fact, a further $12 million will ensure 2021 equals the amount of capital invested during the entirety of 2018 and 2019 combined. WTW’s report states that ... Read the full article
Tremor launches real time reinsurance placement solution
26th October 2021
Reinsurance pricing and placing platform provider Tremor Technologies has announced a new solution designed for ceded reinsurance teams working across multiple locations. Tremor Blackboard represents a modern collaborative solution capable of plugging directly into the company's established and well-known marketplace with no additional software. The solution allows a ceded reinsurance team to ... Read the full article
Climate modeller Terrafuse AI launches platform for Cali wildfire risk
22nd October 2021
Terrafuse AI, a climate and weather risk forecasting tool developer, has launched a new platform for assessing and mitigating the growing property risk from wildfires in California, called Wildfire AI. Nearly 4.5 million U.S. homes were identified at high or extreme risk of wildfire, with more than 2 million in California ... Read the full article
Neptune Flood announces NAPA Insurance Center partnership
22nd October 2021
AI-driven flood insurtech Neptune has partnered with National Automotive Programs, a Texas based specialty insurance broker. The partnership extends Neptune's platform to the NAPA family of over 22,000 locations nationally. NAPA provides access to an instant flood solution described as offering greater and broader coverages than the traditional National Flood Insurance Program ... Read the full article
Saudi Central Bank drafts new insurtech regulations
22nd October 2021
The Saudi Central Bank (SAMA) has released a new set of draft rules for the insurtech sector in the country, which aim to ensure the rights of both companies and customers. SAMA says the draft rules are designed to enable insurtech firms to execute their work in accordance with a regulatory ... Read the full article
Guy Carpenter sets up insurtech Center of Excellence
20th October 2021
Guy Carpenter, the reinsurance broking arm of Marsh McLennan, has announced the launch of an insurtech Center of Excellence (COE) that will provide services to carriers and Managing General Agents (MGAs) powered through modern technology platforms. The insurtech COE will offer a range of reinsurance broking, advisory and analytical services, and ... Read the full article
Tremor targets improved trading experience with Marketplace 2.0
19th October 2021
Tremor Technologies, Inc., the online reinsurance pricing and placing platform, has announced the release of a new version of its marketplace, in addition to a revamped logo and branding. Tremor Marketplace 2.0 is designed to provide users with greater interactivity and a more intuitive user interface, boasting features such as a ... Read the full article
TigerRisk partners with data analytics firm Pinpoint Predictive
19th October 2021
Re/insurance risk, capital and strategic advisor TigerRisk Partners has announced a new partnership with Pinpoint Predictive, an analytics platform that uses data and deep learning algorithms to inform P&C insurance decisions. Using behavioural modelling of the adult population of the US, Pinpoint’s automated platform produces risk scores for individuals as well ... Read the full article
Reinsurance: The data driven future – Register for this live webcast
18th October 2021
We're holding another live webcast on November 4th and this time the discussion will be focused on the use of technology within the reinsurance sector and the importance of data as a driver of future innovation. The webcast is being held in association with our ... Read the full article
Corvus enters FI market with new data-driven suite
15th October 2021
Corvus Insurance has announced its entry into the financial institutions insurance market with the launch of a data-driven suite of offerings designed for the investment advisor market. Smart Investment Advisor Insurance is a comprehensive, modular policy offering Directors & Officers, Errors & Omissions, Fund Liability, Employment Practices Liability and Fiduciary lines. Additionally, ... Read the full article
Munich Re Automation Solutions launches Predictor in South Africa
15th October 2021
Munich Re Automation Solutions, a provider of insurtech solutions to the life insurance industry, has launched its predictive underwriting enablement technology, Predictor, in South Africa. ALLFINANZ Predictor is designed to simplify the deployment and integration of predictive models, helping firms to achieve greater automation, better evidence management, in-depth model performance monitoring ... Read the full article
Munich Re Ventures announces new $500mn startup investment fund
12th October 2021
The venture capital arm of Munich Re Group has closed a new $500 million fund established to invest in early/growth stage companies across five strategic sectors: insurance and climate technology, cybersecurity and privacy, commercial and industrial equipment tech, and future of transportation. Munich Re Ventures now has over $1 billion in ... Read the full article
Swiss Re eyes improved auto pricing with insurtech partnership
12th October 2021
Leading reinsurer Swiss Re is strategically partnering with traffic crash data and location risk analytics firm TNEDICCA in order for the latter's proprietary Location-Based Risk Score and location risk data to be integrated with the former's Motor Market Analyser (MMA) solution. It's hoped this partnership will enable insurance companies to more accurately ... Read the full article
Verisk invests in London insurtech HUG HUB
12th October 2021
Global data analytics provider Verisk has made a strategic investment in London based Insurtech HUG HUB in a deal designed to enable the latter to expand and enhance its platform. HUG HUB’s digital platform aims to transform the way insurers, managing general agents and brokers engage with their customers. With Verisk’s support, ... Read the full article
Swiss Re’s iptiQ partners with UK medical network Square Health
11th October 2021
Customers of Swiss Re's iptiQ’s clients are set to receive value-add digital health benefits with Square Health, a leading network of UK medical professionals. Benefits include virtual 24/7 GP consultations, e-prescriptions, mental health support, bereavement counselling, wellness checks and dietician services. These services aim to reduce the amount of time needed to ... Read the full article
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