Insurtech Relm introduced 3 new AI-focused insurance products
Bermuda-based Relm Insurance has introduced three new AI-focused insurance products to manage risks associated with AI use in business operations
InsurTech News
Latest InsurTech startups news and research of global insurance technology industry. Explore the latest insights, trends and breaking InsurTech market news from Beinsure Media.
InsurTech News covers the latest trends in the insurance technology sector and provides updates on innovative technologies and startups transforming the insurance industry.
It highlights advancements in areas such as artificial intelligence, blockchain, and digital platforms that enhance underwriting, claims processing, and customer engagement.
News in this section offer insights into how technology is reshaping insurance practices, improving efficiency, and creating new opportunities for insurers and consumers. Readers can expect to find news on emerging trends, significant investments, and regulatory changes impacting the InsurTech landscape.
Insurtech ICEYE raises $65 mn to advance satellite and ISR technologies
Insurtech ICEYE, the global leader in SAR satellite operations for Earth Observation and persistent monitoring, secured an additional $65 mn in its 2024 growth funding
Insurtech Matic secures $30 mn funding from Vistara Growth
Insurtech Matic Insurance has raised $30 mn in growth funding from Vistara Growth to accelerate its expansion and enhance its technology platform
Insurtech Kettle appoints Jeff Chen as chief risk officer
Kettle, a wildfire-focused insurtech and managing general agent (MGA), has named Jeff Chen as its chief risk officer to lead risk management and actuarial
Insurtech Porch converts homeowners insurance business to a reciprocal exchange
Porch Group, a Seattle-based insurtech, has transitioned its homeowners insurance business into a reciprocal exchange. The company aims to use its data-driven approach
Farm Bureau Insurance partnered with insurtech Akur8 to enhance pricing process
Farm Bureau Insurance Company of Idaho, the largest property-casualty insurer based in the state, has partnered with Akur8 to enhance its pricing process
Parsyl raised $20 mn to advance data-powered marine cargo insurance solutions
Parsyl, a technology-driven insurer specializing in complex supply chains, secured $20 mn in Series C funding to accelerate its expansion
Insurtech Root launches driver-based auto insurance in Minnesota
Root Insurance has expanded its auto insurance services to Minnesota, offering over 4 mn drivers a model based on driving behavior instead of traditional demographic factors
AI-driven insurtech Jones secured $15 mn in Series B funding
Jones, an AI-driven insurtech company, secured $15 mn in its Series B funding round led by NewSpring Capital.
Insurtech Bikmo raised £4.75 mn funding from Puma Growth Partners
The UK-based cycle insurtech Bikmo has raised £4.75 mn in new funding from Puma Growth Partners. The funds will support its expansion across Europe
Insurtech bolttech secures $100+ mn in Series C funding, reaching $2.1 bn valuation
Bolttech announced its Series C funding round, led by Dragon Fund, Liquidity, and MUFG, with participation from Baillie Gifford, Generali
DvSum joined Guidewire’s Insurtech Vanguards program
DvSum, a provider of data intelligence solutions, has joined Guidewire’s Insurtech Vanguards program. This initiative promotes innovation in the P&C insurance sector
MS&AD Insurance increases venture capital fund to $400 mn, prioritizing InsurTech
MS&AD Insurance Group Holdings Inc. announced a $100 mn increase to its venture capital fund, bringing the total to $400 mn. The fund focuses on startups
ICEYE enhanced its Earth Observation services by launching two SAR satellites
ICEYE has enhanced its Earth Observation services by launching two new SAR satellites, boosting its disaster management solutions
Insurtech CyberCube partnered with Penguin Tech
CyberCube, a provider of cyber risk analytics, has partnered with Penguin Tech, an integration and consulting provider, to offer improved solutions
Insurtech wefox to sell wefox Insurance to a Swiss consortium
Insurtech wefox Holding AG has finalized an agreement to sell its Liechtenstein-based insurer, wefox Insurance AG, to a Swiss consortium led by BERAG
Insurtech Zhibao Technology launches longevity risk lab in Shanghai
Zhibao Technology, an InsurTech company, unveiled the Longevity Risk Lab (LRL) in Shanghai at its inaugural Longevity Risk Conference
Insurtech Orion180 expands residential private flood insurance to 10 states
Insurtech Orion180 has introduced residential private flood insurance in 10 states, with plans for further expansion in 2025. The Florida-based insurer aims
Insurtech Duck Creek Technologies expanded senior global leadership team
Duck Creek Technologies, a insurtech provider of software for property and casualty (P&C) and general insurance, has expanded its senior global leadership team
Insurtech Kita launched Active Risk Monitoring services for the carbon markets
Carbon insurtech Kita has launched its full-spectrum Active Risk Monitoring services for the carbon markets. Since March 2024, these services were available
Insurtech Zopper sequred $25 mn in Series D funding led by Elevation Capital
Indian insurtech Zopper sequred $25 mn in Series D funding. Elevation Capital and Dharana Capital led the round, with support from existing investor Blume Ventures,
Embedded insurtech Embri expands bikes insurance and high-end tech
Embedded insurance platform Embri has expanded its coverage options to include bicycles and high-end technology. These additions build on its existing protection
Swiss insurtech Poncho secures $617K seed funding
Poncho, a Swiss insurtech startup focused on weather-based refunds for outdoor experiences, has raised $617,000 in seed funding
Insurtech ISUR launches SaaS Insurance Solutions Platform
Insurtech ISUR has launched its advanced SaaS Insurance Solutions platform, promising to reshape the way insurers manage their operations
Lamarr:AI secured $1.1 mn in pre-seed funding led by Hazelview Ventures
Lamarr:AI, a startup founded through research collaboration at MIT, Georgia Tech, and Syracuse University, has secured $1.1 mn in pre-seed funding
North American life insurer credit losses will remain benign in 2025, despite modest increases due to ongoing pressure on commercial real estate (CRE) assets
Global reinsurers’ profitability will remain strong in 2025 despite lower risk-adjusted prices for most business lines when reinsurance contracts were renewed on 1 January
McGill in partnership with FortuneGuard and ARX introduced a new war risk reinsurance facility to provide commercial property coverage in Ukraine
In the US, two major hurricanes and frequent severe thunderstorms accounted for at least two-thirds of the year’s global insured losses, which currently exceed $135 bn