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.
Concirrus reports 204.6% revenue growth amidst challenging insurtech climate
21st February 2024
AI insurtech Concirrus has revealed a 204.6% surge in revenue for the fiscal year ending in December 2023, marking a pivotal shift towards profitability in the latter half of the year. This comes amidst a tumultuous period for the global insurtech sector, which grappled with a sustained decline in funding, plunging ... Read the full article
Insurtech Optalitix announces partnership with pricing platform Quantee
20th February 2024
Optalitix, an InsurTech that provides software pricing products to leading UK insurers, has partnered with Quantee, an insurance pricing platform. The two companies are working to create a solution that will enable insurers to quickly quote for business on aggregator sites, making it easier and more cost-effective to access customers. Through this ... Read the full article
AI’s potential impact on the re/insurance industry: Gallagher Re
15th February 2024
Gallagher Re, a reinsurance broker, highlights AI as a major focus of the InsurTech narrative in 2023, marking a turning point where AI gained serious traction in the re/insurance industry. According to data from Google, there has been exponential growth in AI interest across all industries since early 2023, peaking later ... Read the full article
Artificial Labs closes £8m Series A+ funding round
6th February 2024
Algorithmic underwriting insurtech, Artificial Labs has raised £8 million in a Series A+ funding round that was led by Augmentum Fintech, with participation from existing investors MS&AD Ventures and FOMCAP IV. From what we understand, Artificial Labs will use the funding to drive growth and continue its rapid expansion across the ... Read the full article
MAPFRE collaborates with Akur8 to enhance pricing capabilities
26th January 2024
Spanish insurance company MAPFRE has selected insurtech Akur8’s RISK and RATE modules to boost their pricing capabilities. According to the announcement, this collaboration will empower MAPFRE’s actuarial team to build powerful, explainable pricing models and establish a robust predictive modelling framework. Specifically developed for insurers, the RISK and RATE modules solution is able ... Read the full article
Vikas Acharya becomes insurtech ChainThat new CEO
24th January 2024
ChainThat, a London-based insurtech, has announced the appointment of Vikas Acharya as Chief Executive Officer (CEO), with immediate effect. Acharya has rich enterprise technology experience in the insurance market, and as Co-Founder of the business, he has been an integral part of ChainThat’s history, ChainThat stated. “I am extremely enthusiastic about leading ... Read the full article
CoreLogic and Artigem to launch new contents estimation capabilities
24th January 2024
Global provider of property information, analytics, and data-enabled solutions, CoreLogic is working with insurtech Artigem to launch new contents estimation capabilities within the CoreLogic Claims | Workspace platform. With these new capabilities, insurance claims professionals can access all tools needed to provide homeowners with accurate estimates in a timely manner following ... Read the full article
hyperexponential targets US expansion with close of $73m Series B funding round
11th January 2024
London headquartered provider of pricing decision intelligence (PDI) software, hyperexponential, has closed its $73 million Series B funding round, which will support its expansion into the U.S., and greater investment in new product capabilities to meet increased demand. This latest funding round was led by Battery Ventures, a global technology-focused investment ... Read the full article
Janover launches insurtech start-up
9th January 2024
Janover Inc., an AI-enabled platform for commercial real estate transactions, has launched a new insurtech as a wholly owned subsidiary - Janover Insurance Group. According to the announcement, this new venture is set to seamlessly integrate with Janover's generative AI applications and directly plug into its marketing funnel. In a statement, the ... Read the full article
CyberCube expands capabilities of its Account Manager software in latest version
13th December 2023
Cyber analytics firm CyberCube has launched Version 5.0 (v5) of Account Manager, the software-as-a-service (SaaS) solution designed for underwriters, with expanded financial quantification insights and several data enhancements. Account Manager v5 extends the capabilities of Portfolio Manager, CyberCube’s portfolio modelling product. This gives clients that licence both solutions the ability to quantify ... Read the full article
Insurtech BirdsEyeView targets growth in UK & US markets with latest investment round
12th December 2023
Backed by the European Space Agency, insurtech start-up BirdsEyeView has raised an undisclosed seven-figure sum as it looks to expand in UK and US markets and further develop its RAPTOR™ technology. The latest investment round was led by the European Space Agency, Big 5 Investors, InsurTech NY, and ACF Investors. The insurtech ... Read the full article
Novidea launches insurance management platform in Southeast Asia
8th December 2023
Global insurtech Novidea has announced the launch of its insurance management platform in Southeast Asia to meet escalating demand for digital transformation in the region. With its open API architecture, Novidea enables brokers, agents, MGAs/MGUs, and carriers to modernise and manage the customer journey end-to-end and drive growth across the entire ... Read the full article
Insurtech Igloo closes $36m Pre-Series C funding round
8th December 2023
Igloo, a regional insurtech in Asia, has closed a US$36 million Pre-Series C funding round. Global investment firm Eurazeo, through its insurtech fund backed by the insurer BNP Paribas Cardif, led the investment. At the same time, Openspace and La Maison, who previously participated in Igloo's Series B and Series B+ ... Read the full article
Slide expands to cover Florida condo risks, prepares new agent portal launch
4th December 2023
Slide Insurance, the full-stack homeowners insurtech focused on writing business in Florida currently, is expanding further into the market with the launch of an admitted H06 condominium insurance policy, Reinsurance News has learned. Slide is opening the availability of coverage for HO6 new business from December 12th, we're told, as it ... Read the full article
Eurazeo invests $36mn in Igloo’s Pre-Series C funding round
4th December 2023
Singapore-based insurtech Igloo has successfully raised US$36 million in a Pre-Series C funding round led by Eurazeo, through its insurtech fund backed by the insurer BNP Paribas Cardif, and with participation from Openspace’s OSV+, and returning investor La Maison. The latter two also participated in Igloo's Series B and Series B+ ... Read the full article
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