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.
Concirrus introduces new platform for IoT-powered insurance
17th September 2021
Insurtech firm Concirrus has introduced a new platform for an Internet of Things (IoT) powered insurance market. The platform is designed to help insurers accelerate their transition to new digital operating models, create new products and drive cost savings. Specifically, Concirrus says the offering will help businesses digitise knowledge using a wide ... Read the full article
Corvus, SiriusPoint announce investment & underwriting capacity partnership
16th September 2021
Corvus Insurance, a provider of smart commercial insurance products, has partnered with specialty re/insurer SiriusPoint, via a strategic investment and multi-year underwriting capacity partnership that will support existing and future commercial insurance product offerings. The partnership’s first program, with leading program management solution provider R&Q’s Accredited acting as the fronting insurer, ... Read the full article
Swiss Re partners on digital motor product in France
14th September 2021
Swiss Re has announced a new partnership with community-based travel platform BlaBlaCar and motor insurance specialist L’olivier Assurance, the French branch of Admiral Group, to launch a digital motor product in France. The product, called BlaBlaCar Coach, is a smartphone app that offers drivers personalised coaching and tips for safer driving ... Read the full article
Porch bolsters insurtech, home warranty presence with new acquisitions
13th September 2021
Software company Porch Group has announced the acquisitions of CSE Insurance and American Home Protect (AHP), as it looks to accelerate its insurtech ambitions and enter the home warranty market. CSE is a California-based personal lines insurer focused on property and auto that Porch has agreed to acquire from its current ... Read the full article
AV8 Ventures launches second fund backed by Allianz SE
13th September 2021
AV8 Ventures has launched with a $180 million second fund to help drive emerging technologies in AI-driven health, mobility and enterprise. AV8 Ventures has invested in 20 companies with a focus on the US since its launch in 2018. “We are humbled by the continued support from Allianz and our founders who ... Read the full article
WTW, Applied Systems target real-time pricing enhancements
13th September 2021
Global reinsurance broker Willis Towers Watson is working with Applied Systems on a programme aiming to assist insurers and MGAs in developing their rates, underwriting rules and adjustments, and then deploying them directly to the market in real time. As part of the arrangement, Applied has expanded its Rating Hub functionality ... Read the full article
Vouch locks in $90mn of new funding, announces WeWork partnership
10th September 2021
Startup insurance platform Vouch has secured $90 million of new funding and revealed their role as the preferred business insurance provider to Brex, Carta, and WeWork customers. The firm has also established its own authorised insurance carrier and expanded its line of products. After two rounds of financing Vouch has secured a ... Read the full article
Aon partners with Latium Technologies for risk mitigation tool
9th September 2021
Aon plc has partnered with Latium Technologies to introduce Latium's Job Site Insights (JSI) Internet of Things (IoT) application and suite of products as a foundational risk mitigation tool for contractors and owners. The alliance between Latium Technologies and Aon brings industry-leading technology to more contractors and owners, so they can ... Read the full article
Tremor hits $500bn reinsurance capital milestone
8th September 2021
Programmatic re/insurance risk transfer marketplace Tremor surpassed $500 billion in reinsurance capital this month after signing its 115th reinsurer to its marketplace. Tremor says that it now provides insurance companies with direct access to more than 95% of the world’s reinsurance capacity across traditional reinsurers, Lloyd’s syndicates and ILS funds. In addition, ... Read the full article
Motive Partners leads $100mn funding round for Insurify
1st September 2021
US virtual insurance agent and comparison platform Insurify has closed a $100 million Series B funding round led by specialist private equity firm Motive Partners. Existing investors Viola FinTech, MassMutual Ventures, Nationwide, Hearst Ventures and Moneta VC were joined by new arrivals Viola Growth and Fort Ross Ventures. Founded in 2013 by ... Read the full article
Joyn Insurance recruits Chief Distribution Officer from Lloyd’s
25th August 2021
Insurtech firm Joyn Insurance has announced the addition of Uwe Schoberth as Chief Distribution Officer, effective September 1, 2021. Schoberth most recently served as Global Head of Distribution at re/insurance marketplace Lloyd's of London. His previous roles also include distribution positions at Blackboard Insurance, QBE Group, XL Group, Winterthur International Insurance Company, ... Read the full article
Insurtech Pie Insurance buys carrier from Premia to go full-stack
25th August 2021
Pie Insurance, a growing insurtech company that specialises in workers' comp insurance for small businesses, has achieved a first-step in its ambition to become a full-stack insurtech, by acquiring a carrier from legacy player Premia Holdings Ltd. Pie announced today that its Pie Carrier Holdings entity has now received regulatory approval ... Read the full article
HCL partners with Munich Re to create digital workplace
24th August 2021
HCL Technologies (HCL) has entered into a partnership with global reinsurer Munich Re to create a digital workplace for its staff. Building on the successes of its strategic digital transformation partnership with Munich Re, HCL will now modernise and standardise workplace services for more than 16,000 employees in 40 countries. HCL will ... Read the full article
Guidewire acquires P&C insurtech HazardHub
20th August 2021
Software specialist Guidewire has announced the acquisition of HazardHub, a provider of API-driven property risk insights to the P&C insurance industry. HazardHub curates, analyses and distills enough data to offer a comprehensive, national catalog of risks while its API provides risk scores and supports the underlying information for any US property. “Underwriters, ... Read the full article
Tech altering the risk reality for companies post-COVID: WTW
20th August 2021
A new report from re/insurance broker Willis Towers Watson (WTW) has highlighted how emerging technologies are rapidly altering the risk reality for companies across most industries in the wake of the COVID-19 pandemic. The report, which explores how the pandemic has impact the risk landscape for the Technology Media and Telecoms ... Read the full article
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