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.
Munich Re and PSG announce new risk assessment solution
23rd March 2023
Munich Re Life US and insurtech Paperless Solutions Group (PSG) have announced a new combined risk assessment and e-application solution, that allows life insurance carriers to underwrite new policies faster and with greater accuracy. The solution combines the risk assessment and instant decisioning power of Munich Re’s alitheia with the seamless ... Read the full article
Cowbell opens new technology center in Pune, India
23rd March 2023
Cowbell, a leading provider of cyber insurance for small and medium-sized enterprises (SMEs) has announced the opening of a new technology center in Pune, India. The new center will augment the firm’s existing development centers in Pleasanton, California; Plano, Texas; and Toronto, Canada. At the same time, it will also drive further global footprint ... Read the full article
Joyn Insurance adds former AIG exec Brian Duperreault to board of directors
22nd March 2023
Insurtech Joyn Insurance has announced the addition of Brian Duperreault, former AIG CEO, to its board as an independent director. This move follows the appointment of Jim Hackbarth as the company’s first independent director announced earlier this month. From 2017 to 2021 Duperreault served as Executive Chairman for AIG’s Board ... Read the full article
Relativity6 launches new insurance tool, announces new hires and CPO
21st March 2023
Relativity6, an AI solutions provider for insurance companies, has launched a new tool to detect risk in commercial insurance submissions. The firm also announced a number of new hires and the promotion of Jonathan Ringvald to Chief Product Officer (CPO). With Hazard Flags, and its use of advanced machine learning algorithms, ... Read the full article
Fenix24 gets funding from insurtech investor Eos Venture Partners
21st March 2023
Cyber disaster recovery firm Fenix24 has announced a $5 million investment by Eos Venture Partners, a prominent insurtech investor. Fenix24, a sister company of Conversant Group, provides a professional cybersecurity force focused exclusively on restoring companies after cyber breach events. The firm states that Eos' investment will support it in serving additional ... Read the full article
Intermap adds $1.3mn in European insurance contracts
17th March 2023
Intermap Technologies, a leader in 3D geospatial products and intelligence solutions, has announced that multiple European insurers have agreed to expand their five-year contracts with an aggregate additional value of over $1.3 million. The $1.3 million value will be used for Intermap’s flood risk software, geocoding analytics, and a new generation ... Read the full article
Echo Re leverages data exchange platform ADEPT to connect with Aon
16th March 2023
Reinsurer Echo Re, a wholly owned subsidiary of the German DEVK Group, has announced it has expanded its usage of ADEPT to drive efficient data exchange with Aon. According to the announcement, the extended integration of the ACORD Data Exchange Platform and Translator (ADEPT) - built by ACORD Solutions Group - ... Read the full article
Joyn Insurance welcomes Jim Hackbarth as its first independent Director
16th March 2023
InsurTech firm, Joyn Insurance has announced that insurance industry executive Jim Hackbarth will be joining its Board as its first independent Director. An experienced veteran within the industry, Hackbarth was most recently President and CEO of Assurex Global - the world’s largest privately held risk management commercial insurance brokerage group. Joyn CEO ... Read the full article
Relm Insurance partners with cyber risk manager NetDiligence
15th March 2023
Specialty insurer Relm Insurance has announced a new partnership with NetDiligence, a provider of cyber risk readiness and response services, to deliver a suite of cyber risk monitoring solutions. Solutions will be provided to policyholders via automated enrolment through NetDiligence’s eRiskHub platform, which is designed for the prevention, reporting, and recovery ... Read the full article
Betterview partners with Carpe Data to enhance P&C platform
13th March 2023
Insurtech Betterview and Carpe Data have partnered to provide business occupancy data to P&C insurers. Founded in 2016, Carpe Data is an online data provider focused on utilising alternative and emerging data for insurance carriers to maximise efficiency across the claims policy lifecycle. Betterview will leverage Carpe Data’s Minerva solution, which provides ... Read the full article
Ceres Imaging releases AI data analytics suite for agri re/insurers
13th March 2023
Ceres Imaging, a data analytics company that builds AI-driven solutions to protect yields and advance climate resiliency, has released its Risk Solutions product suite, designed to power risk models for agriculture re/insurers and lenders. The new product aims to streamline underwriting and improve claims responsiveness, using Ceres data models that analyse ... Read the full article
Microinsurance Network adds insurtech veteran to Board
13th March 2023
The Microinsurance Network (MiN) has announced that InsurTech veteran Michele Grosso, is joining its Board of Directors. Grosso is the Co-Founder and CEO of Democrance, a global InsurTech firm that has a mission to make insurance accessible and affordable for those who are in need of it the most, particularly in emerging ... Read the full article
Lockton binds first risks on PPL Next Gen with Markel International
8th March 2023
Following the live launch of the Placing Platform Limited (PPL) Next Gen platform this week, Lockton has announced that it has bound the first risk on the platform with Markel International. The risk was placed by Lockton’s Profin team and was 100% underwritten by Duncan Sinnott of Markel International. Carl Smith, Head ... Read the full article
Ascot to use Supercede for reinsurance submission data management
8th March 2023
Specialty insurer and reinsurer Ascot has announced that it plans to use software from reinsurtech specialist Supercede to prepare and manage its reinsurance treaty placements going forward. Ascot undertook the scaled pilot of Supercede’s product for the mid-year 2022 renewals and found use from the firm’s data validation, cleansing, and profile ... Read the full article
Inigo opts for pricing software from hyperexponential
7th March 2023
Specialty insurer and reinsurer Inigo has announced that it will use the Renew platform from insurtech hyperexponential in an effort to enhance its pricing capability and increase operational efficiency. Inigo intends to integrate Renew with all internal systems, including its underwriter workbench and policy admin systems. The company says the platform met ... Read the full article