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.
Helvetia and Breeze partner to revolutionise cargo insurance with advanced technology
7th February 2025
Helvetia Global Solutions Ltd (HGS), the global division of Helvetia Group that specialises in B2B2C and transport insurance solutions, has joined forces with Breeze, an insurtech company focused on cargo insurance within the logistics industry. This partnership combines Breeze’s technology with Helvetia’s expertise in international transport insurance, with the goal of ... Read the full article
MiKargo247 collaborates with Falvey Insurance to expand global cargo insurance solutions
22nd January 2025
MiKargo247, an all-mode Insurtech platform for one-way, spot cargo insurance, has partnered with Falvey Insurance Group, a specialist in marine and cargo insurance, to enhance its global offerings. This collaboration extends MiKargo247’s coverage beyond trucking to include air, ocean, and cross-border transit options, offering greater flexibility and protection for businesses worldwide. Through ... Read the full article
Helvetia partners with coinnect to launch Cyber Insurtech platform for enhanced risk management
11th November 2024
Helvetia, a Swiss insurance provider, has partnered with Coinnect, a cyber risk management platform, to implement advanced Cyber Insurtech solutions that enhance cyber risk assessment and support clients in mitigating cybersecurity threats. Through Coinnect's AI-powered platform, Helvetia can provide in-depth risk evaluation and continuous threat monitoring, offering greater protection and favourable ... Read the full article
AI-focused InsurTechs lead funding surge in Q3’24 with $897.4m raised: Gallagher Re
7th November 2024
Gallagher Re, a reinsurance broker, has released its latest InsurTech report, revealing that AI-focused InsurTechs raised $897.4 million across 29 deals in Q3 2024. Eight of the top 10 companies by funding round were centred around artificial intelligence, resulting in an average deal size of $34.9 million for AI-driven InsurTech ventures. The ... Read the full article
Global insurtech funding reaches $3.2bn in Q3, expected to reach $4.2bn by the end of 2024
5th November 2024
The third quarter of 2024 closed with an investment in insurance technology (Insurtech) of $3.2 billion, 7% less than in 2023, however, this trend appears to be a positive and suggests a rebound in funding in the fourth quarter, according to a new report by Dealroom.co, Mundi Ventures, and MAPFRE. Venture ... Read the full article
Concirrus introduces Aviation Aggregations module to address underwriters’ challenges
30th October 2024
Aviation underwriters are encountering increased challenges in accurately assessing risk exposure and managing portfolios, prompting a pressing need for real-time data insights and advanced tools, which Concirrus, an insurtech innovator, has addressed with the release of its Aviation Aggregations module. As part of Concirrus’s broader Aviation platform, this new module enables ... Read the full article
Broker Insights officially brings its commercial insurance placement analytics to the US
28th October 2024
Scottish insurtech Broker Insights, whose platform helps brokers to better understand their business and connect with insurers, has announced its launch in the United States. Broker Insights’s platform, Vision, has been specifically tailored for the US following extensive broker research and collaboration during which time it analysed almost $1bn of gross ... Read the full article
Prudential and RGA launch “first-in-market insurtech solutions” MedScreen+
28th October 2024
Prudential has announced the Hong Kong launch of MedScreen+, a digital underwriting tool developed in collaboration with Reinsurance Group of America, Incorporated (RGA), a global life and health reinsurer. By utilising optical character recognition (OCR) and artificial intelligence (AI) technology, RGA's MedScreen+ can reduce medical report assessment times to ... Read the full article
Coterie teams up with Berkley Re to provide cyber insurance for evolving business risks
23rd October 2024
Coterie Insurance, a technology-driven managing general agent (MGA) focused on simplifying small business insurance, has introduced cyber insurance to its platform through a new collaboration with Berkley Re Solutions and TransUnion. Leveraging coverage from Berkley Re Solutions and cyber services from TransUnion's TruEmpower™ Cyberscout solutions, Coterie now integrates Berkley Re’s tailored ... Read the full article
INSHUR secures $19m to scale operations with MS&AD backing
22nd October 2024
INSHUR, a global embedded insurance provider, has raised $19 million in its latest funding round to continue to strengthen market position across the US and Europe, bringing total funding to $78.5 million since 2019. The round was led by Viola Growth, with the participation of MS&AD Ventures and existing investors. The funding ... Read the full article
Inari partners with Diesta to enhance underwriting workbench
15th October 2024
Inari, a technology solution provider for global insurance and reinsurance companies, has partnered with Diesta, which offers streamlined premium processing platforms for insurance intermediaries. This partnership will integrate Diesta's premium processing and credit control features with Inari's underwriting workbench. Designed for Managing General Agents (MGAs), Inari’s underwriting workbench helps underwriters manage the ... Read the full article
$17m Series B funding secured and Anthony Segal-Knowles named as CFO at Ledgebrook
8th October 2024
Ledgebrook, an insurtech company, is pleased to announce the successful completion of a $17 million Series B funding round. This strategic raise brings two distinguished Family Offices onto Ledgebrook’s cap table: Duquesne (which led the round) and The Stephens Group, alongside continued support from long-time partners Brand Foundry Ventures and American ... Read the full article
Tokio Marine HCC and Tredder partner to launch adventure insurance product
23rd September 2024
Tredder, an insurtech company, has announced a new partnership with Tokio Marine HCC (TMHCC), a provider of specialty insurance. This partnership introduces a stand-alone supplemental insurance product tailored for the vehicle-based adventure community, positioning Tredder as a key player in the specialty adventure vehicle market. The new product offers comprehensive coverage for ... Read the full article
Zywave appoints Martin Simoncic as CEO and Christian Kasper as EVP & CFO
19th September 2024
Insurtech provider Zywave has announced the appointments of Martin Simoncic as Chief Executive Officer (CEO) and Christian Kasper as Executive Vice President (EVP) & Chief Financial Officer (CFO). Zywave is backed by Clearlake Capital Group and Aurora Capital Partners. Prashant Mehrotra, Partner and Managing Director, and Erik Hansen, Vice President, at Clearlake, ... Read the full article
SiriusPoint partners with travel insurtech Gigasure
4th September 2024
Global specialty re/insurer SiriusPoint has announced a new strategic partnership with travel insurtech Gigasure, which offers customisable insurance policies for travellers and backpackers. Policies will be underwritten by SiriusPoint, who becomes a distribution partner. IMG (International Medical Group, Inc.), a global insurance and assistance services company and subsidiary of SiriusPoint, will ... Read the full article
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