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.
Lloyd’s and Ireland’s Department for Finance partner to drive insurtech innovation
30th September 2025
Lloyd’s, the world’s oldest insurance and reinsurance market for global risk, and Ireland’s Department of Finance, have strategically partnered to foster insurtech innovation, strengthen market resilience, and promote Irish expertise globally. This collaboration will create a dedicated Irish-themed cohort within the Lloyd’s Lab Accelerator Programme in the first half of 2026. Established ... Read the full article
MetLife acquires 20% of LatAm insurtech Klimber
23rd September 2025
Global insurer MetLife has acquired a 20% stake in insurtech Klimber, a partnership that aims to transform how insurance is accessed and distributed throughout Latin America. This achievement, the firm stated, strengthens Klimber's position in the evolving digital insurance landscape in the region. The insurtech’s platform allows its partners in the banking, ... Read the full article
Optalitix expands quote platform to power reinsurance pricing
5th September 2025
Insurtech company Optalitix has introduced an expansion of its pricing platform, Optalitix Quote, aimed at the reinsurance market. The system, which has been used by insurers and MGAs, now includes tools for reinsurers to model treaty and facultative quotes, manage data, and improve pricing processes in one place. The company says the ... Read the full article
BluePond.AI launches Reinsurance CoPilot to automate complex document processing
5th September 2025
BluePond.AI, a GenAI-native insurtech, has introduced its latest solution, P&C Reinsurance CoPilot, a tool designed to automate the ingestion of complex reinsurance documents and optimise workflow efficiency. Reinsurance contracts are often lengthy and require significant manual effort to process and record in administration systems, which can slow operations and create errors. BluePond.AI’s ... Read the full article
Parametric Insurtech Sola raises $8m Series A to expand property coverage
27th August 2025
Parametric insurtech Sola, a company providing data-driven property insurance solutions, has announced that it has secured $8 million in Series A funding, bringing its total funding to $11.7 million. The round was led by FINTOP Capital and JAM FINTOP, with participation from 10vc and Georgia Tech. Sola offers property insurance that ... Read the full article
Concirrus becomes first insurtech to achieve triple certification for AI trust & security
22nd August 2025
Concirrus, provider of AI-centric insurance solutions, has become the first insurtech company worldwide to secure three major internationally recognised certifications: ISO/IEC 42001 (AI Governance), ISO/IEC 27001 (Information Security Management), and SOC 2 compliance. This achievement reportedly establishes a new global benchmark for trust, transparency, and governance in the use of AI ... Read the full article
Zhibao Technology signs agreement to form joint venture for risk reduction services in China
18th August 2025
Zhibao Technology Inc., a China-based InsurTech company specialising in digital insurance brokerage, has announced that it has entered into an agreement to establish a joint venture with Beijing Zhongfang Hongchuang Technology Company Limited, a wholly owned subsidiary of the China Disaster Prevention Association, and Guangzhou Ruiling Intelligent Technology Co., Ltd., ... Read the full article
Lemonade introduces standalone buildings insurance for UK homeowners
5th August 2025
Lemonade, a digital insurance provider using AI and operating with a focus on social impact, has introduced a buildings-only Homeowners insurance product in the UK. This launch adds to the company’s existing UK offerings and reflects its gradual expansion in the local insurance market. Lemonade entered the UK in October 2022 and ... Read the full article
Cover Whale raises $40m from Morgan Stanley to support expansion
30th July 2025
Cover Whale Insurance Solutions, Inc., a commercial auto insurtech, has raised $40 million in equity funding from Morgan Stanley Expansion Capital. The company plans to use the investment to further develop its technology, improve its data analytics capabilities, and expand its insurance offerings in pursuit of additional growth. Established in 2020, ... Read the full article
Insurtech financing in LatAm up 370% to $121m in H1’25
21st July 2025
Insurtech financing in Latin America reached $121 million in the first half of 2025, marking a 370% increase compared to the same period last year, according to a report by Digital Insurance LATAM, sponsored by MAPFRE. This figure also surpasses total funding for all of 2024 by 32%, highlighting the region’s ... Read the full article
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
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