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 funding hits $1.31bn in Q1’25: Gallagher Re
7th May 2025
As per a new report from Gallagher Re, the InsurTech industry experienced a 90% surge in funding during Q1 2025, reaching $1.31 billion. According to Gallagher Re, around 61.2% ($710.86 million) of Q1 2025 InsurTech deals went to AI-centred companies, while five re/insurance investors made three or more tech investments in ... Read the full article
MGT Insurance expands leadership team with AI and business development experts
7th April 2025
MGT Insurance, an AI-driven neo-insurer, has announced the appointments of Paul Bessire as AI & Data Principal Engineer and Jason Johnson as Head of Business Development. Bessire, previously the Chief Technology Officer and Chief Data Officer at Coterie Insurance, is recognised in data science, AI, and insurance technology. His expertise in statistical ... Read the full article
11 InsurTechs join Lloyd’s Lab Accelerator programme
2nd April 2025
Insurance and reinsurance marketplace Lloyd's has revealed the 11 InsurTechs that have secured a place in the 14th Cohort of the Lloyd's Lab Accelerator programme. The teams chosen include Faura, Satva Trust, QualRisk, Ocean Ledger, Novella, Testudo, Circuit Security, GWT Insight, Unwind Finance, 7Analytics AS, and reinsurance technology platform Supercede Technology, ... Read the full article
Insurtech funding in LatAm dipped in 2024 but number of startups continues to rise: MAPFRE
14th March 2025
According to the ninth edition of the LatAm Insurtech Journey, developed by Digital Insurance LATAM and sponsored by MAPFRE, the Madrid-based insurer, annual investment in the sector fell by 38% compared to 2023, reaching only $92 million, although the second half of the year saw a 156% increase compared to ... Read the full article
FutureProof Technologies launches FutureProof Insurance Agency
3rd March 2025
FutureProof Technologies, a venture-backed insurtech startup, has launched the FutureProof Insurance Agency, a wholly-owned subsidiary designed to enhance insurance distribution through AI-driven risk selection. The agency will sell policies on behalf of dozens of carrier partners across the United States, leveraging FutureProof's risk selection technology. This expansion builds on the success of ... Read the full article
Global InsurTech funding fell to a seven-year low in 2024: Gallagher Re
13th February 2025
Global InsurTech funding fell to a seven-year low in 2024, declining 5.6% year-over-year from $4.51 billion in 2023 to $4.25 billion in 2024, according to a recent Gallagher Re report. This data is from Gallagher Re's Global InsurTech Report, the fourth and final instalment in its 2024 series on AI’s role ... Read the full article
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
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