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 Specialty NA deploys Kalepa’s underwriting platform to enhance risk analysis
16th May 2024
Munich Re Specialty - North America, part of the Munich Re Group insurance operations, to enhance risk analysis, critical submission management capabilities, and document ingestion with Kalepa’s underwriting platform, Copilot. To support its rapid expansion in the US, the reinsurer chose to deploy the underwriting platform as it was looking for ... Read the full article
Cover Genius secures $80m in Series E Funding
16th May 2024
Cover Genius, an insurtech specialising in embedded protection, announced today the successful completion of its Series E funding round, securing $80 million. Despite the recent slowdown in tech funding, Spark Capital led the round, joined by existing investors Dawn Capital, King River Capital, and G Squared. This funding marks another milestone for ... Read the full article
Cover Whale hires Khurana & Hart as Chief Product Officer & Chief Architect
10th May 2024
Insurtech, Cover Whale Insurance Solutions, Inc., has bolstered its senior leadership team with two new hires, as Barninder Khurana joins the firm as Chief Product Officer and Bill Hart assumes the role of Chief Architect. Khurana takes on the role with a deep degree of experience in product management, program delivery, ... Read the full article
Front Street Re welcomes Edison Fong as new CEO
8th May 2024
Edison Fong has been named Chief Executive Officer of Front Street Re (FSR), an insurtech and reinsurance company focused on annuity, life, health, and general reinsurance solutions and is an operating subsidiary of Lexasure Financial Group Limited. Fong is joining the company from New York-based Converge Re, a reinsurance company focusing ... Read the full article
Janover launches new insurtech to revolutionise commercial insurance
2nd May 2024
Janover, an AI-enabled platform for commercial real estate transactions, has announced the launch of Janover Insurance, its new insurtech subsidiary for commercial property insurance and more. Blake Janover, Chairman, and CEO of Janover Inc., stated: “Our ability to navigate large complex transactions in a marketplace model, particularly in multifamily and commercial ... Read the full article
InsurTech market sustainability grows as investors spread capital more evenly: Gallagher Re
2nd May 2024
A new report from Gallagher Re has revealed that Q1 2024 global InsurTech funding dropped 17.3% quarter on quarter to $912.3 million, though deal count climbed to 107, indicating that frequency and interest are not waning, but the average check size per deal is decreasing. As per the reinsurance broker's Global ... Read the full article
Tractable AI’s Aleksander Surowiak joins Previsico as Head of Sales
10th April 2024
Live flood forecasting Insurtech Previsico has hired Tractable AI's Aleksander Surowiak as Head of Sales to bolster Previsico’s growth and nurture pivotal partnerships across the insurance industry. Surowiak brings a vast degree of startup scaling experience towards the role, having previously spearheaded sales in Northern and Central Europe at Tractable AI. Previously, ... Read the full article
Novidea raises additional $30m from HarbourVest Partners
9th April 2024
Global insurtech Novidea has raised an additional $30 million from HarbourVest Partners, bringing its total Series C round to $80 million, joining existing investors Battery Ventures, Cross Creek, Israel Growth Partners (IGP), KT Squared, and JAL Ventures. Throughout the past few years, the insurtech has witnessed major growth, selling to insurance ... Read the full article
Faura raises $500k to help insurers better understand their portfolio risk
2nd April 2024
Insurtech Faura has successfully raised $500k to help insurance companies and homeowners reduce their natural disaster risk. Cities throughout the US have been impacted by natural catastrophes, like wildfires in Maui and flooding across the Northeast and Florida, in recent years; disaster activity that only keeps growing. This has left ... Read the full article
Coterie secures $27m in new capital investment from Hiscox and others
20th March 2024
Coterie Insurance, an insurtech managing general agent (MGA), has recently secured $27 million in new capital investment from Hiscox, alongside various existing investors. Expressing gratitude for this investment, David McFarland, CEO of Coterie, states, "We're incredibly grateful for the recognition and belief in how we're reimagining the small commercial insurance space ... Read the full article
Insurtech Carrot partners with LGI Indonesia to develop BBI solution
20th March 2024
Carrot General Insurance, a South Korean digital insurance company, has partnered with Lippo General Insurance (LGI), Indonesia to develop a Behaviour Based Insurance (BBI) solution. Drawing on its extensive data capabilities and experience, Carrot aims to create essential systems to support LGI's introduction of the BBI product in Indonesia. This involves developing ... Read the full article
bolttech expands into Middle East through partnership with stc Group
15th March 2024
bolttech, an international insurtech firm, recently announced its expansion into the Middle East through a new partnership with stc Group, a telecommunications company in the region. Rob Schimek, Group Chief Executive Officer at bolttech, expresses his enthusiasm for this strategic collaboration: “stc Group is an ambitious digital leader, always striving to ... Read the full article
Inigo enhances risk management with Insurwave’s real-time technology
12th March 2024
Insurwave, an insurtech platform, has recently announced its new partnership with speciality re/insurer, Inigo. In this collaboration, Inigo will utilise Insurwave’s advanced technology and industry knowledge to establish and maintain a real-time summary of total risk exposure across its portfolio. This is particularly crucial given the escalating geopolitical uncertainty and market ... Read the full article
Concirrus launches advanced market model for marine insurance data
7th March 2024
Concirrus, an AI insurtech company, has recently announced the launch of an updated market model that is expected to bring together the world’s largest pool of marine hull claims data. To ensure alignment with market best practices, Concirrus collaborated closely with top actuaries and marine firms during the development of the ... Read the full article
Insurtech veteran Jeffrey Taylor appointed Arturo’s Chief Strategy Officer
23rd February 2024
Arturo, a property specialist offering AI-based solutions to insurers, has announced the appointment of Jeffrey Taylor as Chief Strategy Officer, as the firm prepares to expand into adjacent markets. Taylor brings a great deal of experience to this role, having worked in the industry for three decades. From 1992 to 2007, he ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
