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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.

Chaucer, parametric insurtech Yokahu partner on microinsurance product

10th November 2021

Chaucer, a global specialty re/insurance group, has teamed up with parametric insurtech Yokahu on a microinsurance product aimed at providing relief following hurricane events in the Caribbean. In the event of a hurricane, Yokahu monitors wind speed at customers' location and the atmospheric pressure at the centre of a hurricane, allowing ... Read the full article

Carbon Underwriting secures BOOST&Co investment

9th November 2021

London’s Carbon Underwriting is eyeing new business lines and the development of its data-driven underwriting platform following significant funding from alternative lender BOOST&Co. Carbon will also use the investment for working capital purposes and to bolster its underwriting and leadership teams. BOOST&Co provides growth capital for UK SMEs covering a wide range of ... Read the full article

Swiss Re CorSo’s PULSE platform to be deployed by MSIG

8th November 2021

Swiss Re Corporate Solutions’ PULSE platform is set to be leveraged by Tokyo-headquartered commercial insurer MSIG in an effort to help improve the way it structures and manages customers' multinational insurance programs. MSIG's customers will also be able to access self-service tools to manage and view their global risks and coverages ... Read the full article

Reinsurance tech adoption a mixed bag, but opportunity is huge: Webcast

5th November 2021

As the push for efficiency, digitalisation and innovation continues to gain traction in the global reinsurance industry, leaders and executives from across the risk transfer and technology sectors are optimistic about the future. Yesterday, we hosted a live webcast alongside sister publication Artemis, and in association with ... Read the full article

Concirrus completes acquisition of Spark Insights

4th November 2021

Insurtech firm Concirrus has completed its acquisition of Spark Insights, a provider of decision analytics to the insurance market. Spark Insights was founded in 2018 by A insurtech expert Ira Scharf with the aim of using AI, machine learning and computer vision combined with satellite-based remote sensing and global earth observations ... Read the full article

Lemonade Car launches as insurtech looks to reward low-milage drivers

3rd November 2021

AI-powered insurtech Lemonade has announced the launch of Lemonade Car, a smartphone app designed to leverage telematics in order to reward safe and low-mileage drivers. Lemonade Car is now available in Illinois with an eye on its rollout nationwide. The app promises to measure how much and how safe people drive, as ... Read the full article

Insurtech Kettle recruits Chief Distribution Officer from Ariel Re

3rd November 2021

Kettle, a reinsurance MGA start-up powered by deep learning technology, has announced the appointment of Amit Shah as Chief Distribution Officer. Shah has over 20 years experience in the industry, and joins Kettle from Ariel Re, where he was Head of Specialty. His previous experience includes working at Argo Re, Guy Carpenter, ... Read the full article

Descartes opens London office, appoints AXA XL’s Paul Jones to lead

1st November 2021

Climate risk modelling insurtech Descartes Underwriting has opened a London office to be led by Paul Jones as business development director - UK & Ireland. Jones brings 20 years’ experience to the role and most recently served at AXA XL. He will now look to expand Descartes’ parametric insurance coverage within both ... Read the full article

Insurtech FloodFlash secures further Munich Re investment

1st November 2021

Munich Re is to provide capacity for the principal business of parametric flood insurtech FloodFlash, which aims to provide rapid-payout flood cover for SMEs and landlords. This is not the first time these two companies have crossed paths; the global reinsurer provided capacity for FloodFlash’s consultancy service in 2020. FloodFlash+ saw ... Read the full article

MetLife France adopts ALLFINANZ suite from Munich Re Automation Solutions

28th October 2021

Munich Re Automation Solutions, a provider of insurtech solutions to the life insurance industry, has announced a new partnership with MetLife France, which has adopted the ALLFINANZ product suite to digitise its life insurance underwriting process. ALLFINANZ, with automated underwriting and analytics solutions, is expected to increase MetLife France’s straight-through-processing rate, ... Read the full article

Swiss Re eyes stake in India’s Paytm Insuretech for $123mn

27th October 2021

According to local reports, reinsurer Swiss Re is planning to make a Rs 920 crore (USD 123 million) investment in the Paytm Insuretech Private Limited (PIT) business of Indian financial services firm Paytm, through which it will take a 23% stake in the initiative. Paytm, which specializes in digital payment systems, ... Read the full article

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

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