Insurtech Oscar Health expects a $228 mn net loss for the second quarter 2025. The revised projection follows a deeper review of claims data showing rising morbidity levels
iCover Direct announced results from consumer survey revealing a growing consumer demand for AI to streamline and simplify the life insurance experience
The Dubai International Financial Centre (DIFC) recorded its strongest half-year performance to date, led by significant momentum in the insurance and FinTech sectors
The tool, Invntry, automatically compiles and estimates the value of items from images, streamlining a traditionally time-consuming process for both insurers and policyholders.
London-based InsurTech Loxa has raised £1.69 mn in seed funding to scale its retail-focused product protection platform
Insurance data platform Percayso Inform has partnered with startup motor insurance broker Pizza in preparation for Pizza’s official rollout later this year
RAC Insurance has formed an exclusive agreement with Ticker, a UK-based telematics insurance provider, to distribute a range of connected motor insurance products
A Manchester-based digital insurance MGA Ripe reported its 17th straight year of double-digit growth, with turnover reaching £20.6mn in 2024
Cuvva, a London-based short-term car insurance provider, reported record growth in 2024. Profit reached £12.8mn—triple the previous year’s result
Insurtech financing in Latin America reached $121 mn in H1 2025, a 370% increase compared to the same period in 2024, according to a report by Digital Insurance LATAM
Quandri, a Canadian AI startup improving how insurance brokerages and agencies handle servicing work, raised $12 mn in a Series A funding round
Heron, a startup applying AI to automate workflows in business lending, equipment finance, and insurance, raised $16 mn in Series A funding led by Insight Partners
Retirable, a startup offering a retirement platform for everyday Americans, announced a $10 mn Series A round led by IA Capital Group
Hourly, a startup providing workers’ compensation, time tracking, and payroll solutions, is merging with small business insurance provider WeSure Digital
Insurtech Coverflow, which provides a platform that automates policy analysis, data entry, and workflow management for insurance brokers, has announced $4.8mn in seed funding
Herald, a provider of digital infrastructure for commercial insurance, has acquired Babbix, an email-native AI agent developed for brokers
New AI-powered method for predicting underwriting performance at Lloyd’s, focusing on relative performance as a benchmark
Insurtech Verisk entered a definitive agreement to acquire SuranceBay, a provider of producer licensin, and compliance software for the life and annuity sector, for $162.5mn
Insurtech INSHUR, a provider of insurance solutions for the on-demand economy, secured $35 mn in new funding from Trinity Capital
Wrisk, a provider of embedded insurance solutions for the automotive industry, closed its Series B funding round, raising £12 mn to support European growth
Monzo has launched a flexible home insurance product specifically for homeowners, combining buildings and contents coverage to simplify and modernise
Insurtech Laka continues to build momentum in the green mobility insurance market, reinforced by raising $10.4 mn in its latest Series B funding round
Four years earlier Outdoorsy, an online recreational vehicle rental and outdoor travel business, launched its insurtech division with SiriusPoint after raising $120 mn in equity and debt financing
Zurich Insurance Group announced its acquisition of BOXX Insurance Inc., a Toronto-based cyber insurance and risk management insurtech
Munich Re’s Ergo primary insurance group completed its $2.6 bn acquisition of the remaining share capital of insurtech NEXT Insurance
ZestyAI, a provider of AI-based risk analytics for the property and casualty insurance industry, has secured a $15 mn credit facility from CIBC Innovation Banking
COVR Global, a London-based insurtech startup, has raised $2.5 mn in seed funding to advance the development of its AI-powered claims decision engine
Conquest Planning, a financial planning software company, has secured $80 mn in a Series B funding round led by Goldman Sachs Alternatives
Ledgebrook, an excess and surplus (E&S) insurtech startup, has raised $65 mn in a Series C funding round led by The Stephens Group
MetLife has expanded its partnership with insurance automation provider Sprout:ai to accelerate claims automation and improve customer experience
Aon announced the launch of Aon Broker Copilot, a proprietary, patent-pending platform that uses artificial intelligence, large-language models and predictive analytics
Insurtech Clearspeed has raised $60 mn in Series D funding to expand its AI-driven voice analytics technology for risk assessment across the insurance and national security sectors
Testudo, a start-up supported by Lloyd’s of London through its innovation accelerator Lloyd’s Lab, has launched a technology and data platform for underwriting
LHL Strategies, operating as Lighthouse Life, has acquired ClearLife, a UK-based firm with software and consulting operations in both the UK and the US
The American InsurTech Council (AITC) has raised concerns about the current direction of the National Association of Insurance Commissioners’ (NAIC) Third-Party Data
Instnt, an insurance technology company backed by venture capital, has entered a strategic partnership with global reinsurer Munich Re
Insurtech ICEYE, the global leader in SAR satellite operations for Earth Observation and persistent monitoring, has successfully deployed six additional Synthetic Aperture Radar
Kin Insurance has completed its reinsurance placements for the term covering June 1, 2025, through May 31, 2026, for the reciprocal exchanges
New research from insurtech provider hyperexponential (hx) reveals that data ingestion is the most widely adopted AI use case in the insurance sector
Insurance commissioners from across the United States have asked the U.S. Senate to reconsider specific provisions in the reconciliation bill known as the “One Big Beautiful Bill Act.”
FCA has partnered with NVIDIA Corp. to provide regulated financial firms with access to the company’s computing infrastructure and enterprise AI software
Insurtech AIFT and Shin Kong Life Insurance have signed a cooperation agreement to expand into Vietnam’s digital insurance sector
Australian life insurer, TAL, has partnered with leading global insurtech Cover Genius to launch embedded life insurance in Australia
Kota, an Dublin-based insurtech startup focused on simplifying insurance benefits administration, has secured €12.8 mn in a Series A
Reserv, a technology-driven third-party administrator (TPA), has closed a $25 mn Series B funding round led by Flourish Ventures
Insurtech platform Empathy has raised $72 mn in a Series C funding round led by Adams Street Partners
Igloo has introduced Igloo Tech Solutions, a new product line focused on digital tools for insurance operations in Southeast Asia
Crabi, a digital auto insurer based in Mexico, secured $13.6mn in Series A funding. The round was co-led by Kaszek and Ignia, with additional support from 30N
Baobab, a Berlin-based cyber insurance company, secured €12 mn in a Series A funding round led by Viola FinTech and eCapital
Voxel, a California-based startup founded in 2020, has raised $44 mn in a Series B round led by NewRoad Capital Partners
Insurtech firm bolttech has completed a $147 mn Series C funding round, bringing its valuation to $2.1 bn
European Insurance and Occupational Pensions Authority (EIOPA) has proposed draft guidelines on artificial intelligence use in insurance
The Canadian Life and Health Insurance Association (CLHIA) is expanding its data pooling program that uses artificial intelligence to detect potential fraud
Insurtech XChange TEC.INC will appeal a Nasdaq delisting notice after failing to maintain the required $35 mn minimum market value
A recent study by CLARA Analytics shows that AI tools can flag possible fraud in property and casualty claims just two weeks after filing, much faster than traditional methods
Wefox, an insurtech and managing general agent, announced it will sell all shares in its Italian subsidiaries—Wefox MGA and Wefox Services Italy
FinTech Plus offers a unified structure that addresses a wide range of financial exposures, now including comprehensive Cyber protection
Sixfold, a company focused on generative AI for insurance risk analysis, has launched a new feature called Discrepancy Scan
KatRisk, a provider of catastrophe risk modeling software for the insurance and financial sectors, has acquired Gamma
Institutional investor IHC announced the launch of a new artificial intelligence-based reinsurance platform, headquartered in the Abu Dhabi Global Market
