Insurtech ZA Tech, rebranded as Peak3, raised $35 mn Series A
ZA Tech, the insurance core system SaaS provider, has rebranded as Peak3 and has raised a $35 mn in Series A funding led by EQT and Alpha JWC Ventures
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Ping An upgraded Ping An Family Doctor – health management system
Ping An Health’s upgraded “Ping An Family Doctor” introduces a comprehensive one-stop proactive health management services system
Insurtech Pyte raised additional $5 mn led by Myriad Venture
Los Angeles-based insurtech Pyte, specialising in secure computation platforms, has raised an additional $5 mn in funding, bringing its total funding to over $12 mn
AI insurtech Anterior raised $20 mn in Series A at a $95 mn valuation
Anterior, an insurtech company leveraging AI, has raised $20 mn in Series A funding at a $95 mn valuation
P&C insurers face several key risks and trends
As insured catastrophe losses rise, potentially increasing rates and reducing homeowner protection, according to S&P
Insurtech bolttech partnered with HAVA in Indonesia
International insurtech bolttech has partnered with HAVA, a B2B procurement company in Indonesia to allows HAVA to offer comprehensive device protection solutions
Insurers are prioritising automation and claims processing
A recent poll conducted among technology teams at insurance firms and MGAs by RDT highlights that insurers are prioritising automation, with claims processing
Shipping insurtech Orca AI secured $23 mn new funding
Orca AI, a Tel-Aviv-based shipping insurtech company, has secured $23 mn in new funding, bringing its total raised to $38.6 mn
FintechOS secured $60 mn in a Series B+ funding led by Molten Venture
FintechOS, a financial product management platform, has secured $60 mn in a Series B+ funding round led by Molten Venture
Severe storms & flooding impacted for insured losses in Central Europe
Severe storms and flooding have impacted Central Europe, leading to economic and insured losses in the hundreds of millions of euros
Insured Losses in Germany from floods will range from €2 bn to €3 bn
Moody’s RMS estimates that insured losses in Germany from the Central Europe Floods will likely range from €2 bn to €3 bn
Guy Carpenter launched the Capital & Advisory group
Guy Carpenter, a global risk and reinsurance specialist under Marsh McLennan, launched the Capital and Advisory group within its Global Capital Solutions unit
Insurtech Coversure raised $4 mn in a pre-Series A led by Enam
Indian insurtech Coversure has raised $4 mn in a pre-Series A funding round led by Enam Holdings, a seasoned regional investor
Insurtech Habit launched a Habit Bill Protection Insurance
Habit, a Portuguese insurtech specializing in embedded insurance and digital distribution, has launched a new product: Habit Bill Protection Insurance
Insurance losses from US severe weather could reach $20 bn
BMS has released a severe weather update indicating that insurance losses have surged past $10 bn and could reach nearly $20 bn
DFC announces $357 mn in New Political Risk Insurance in Ukraine
U.S. International Development Finance Corporation (DFC) announces $357 mn in new political risk insurance in ukraine as russia’s invasion threatens critical private investment
Swiipr raised $7.6 mn to advance airline disruption payments platform
Swiipr, a travel paytech company, has raised $7.6 mn in funding to advance its platform for airline disruption payments, led by Octopus Venture
Insurtech Authentic raised $11 mn in a Series A led by FirstMark Capital
Authentic Insurance, a New York-based insurtech startup, has raised $11 mn in a Series A funding round, led by FirstMark Capital
Insurtech APOLLO sequred $13.4 mn to establish a Finshore
Insurtech APOLLO has raised $13.4 mn to establish its buy-now-pay-later (BNPL) subsidiary, Finshore
Insurtech ifeel sequred $20 mn in Series B led by FinTLV Ventures
ifeel raises $20 million to save millions in mental health-related disability, productivity and claims for insurance companies and corporates around the world
Reinsurance capacity increased from traditional & ILS sources
Reinsurance demand saw a significant increase, particularly for higher catastrophe layers, as Florida property insurers sought additional protection
Lloyd’s will open a new office in Miami to enhance business in LatAm
Lloyd’s, a leading global insurance and reinsurance marketplace, will open a new office in Miami to enhance its business in Latin America and the Caribbean
Lloyd’s signed of a Memorandum with the Bermuda Monetary Authority
Lloyd’s has signed a Memorandum of Understanding (MoU) with the Bermuda Monetary Authority (BMA) to collaborate on supporting
Insurtech Sixfold raised $15 mn in Series A to develop AI underwriting platform
Sixfold, the insurtech empowering underwriters with a generative AI solution for end-to-end risk analysis, has raised $15 mn in Series A funding
U.S. P&C re/insurers are well-prepared for hurricane seasons
U.S. property and casualty insurers and reinsurers are well-prepared for what may be one of the most active hurricane seasons on record
UK Insurtech Bondaval sequred £15 mn led by Dawn Capital
Insurtech Bondaval has sequred a £15 mn funding round from investors led by the seasoned investor Dawn Capital, who was an early backer of iZettl
Technology & risk exposure will challenge Philippines insurers’ strategy
Technological advancements and increased risk exposure present significant challenges for insurers in the Philippines when underwriting electric vehicles
2024 Atlantic hurricane season will be one of the most active on record
MS Amlin, a global re/insurer at Lloyd’s, projects that the 2024 Atlantic hurricane season will be potentially one of the most active on record
AIG initiated a secondary offering of Corebridge Financial stock
AIG has initiated a secondary offering of Corebridge Financial common stock, has initiated a secondary offering
CoreLogic released its 2024 Hurricane Risk Report
CoreLogic, a property information and analytics provider, has released its 2024 Hurricane Risk Report to assist insurers and risk managers
Insurtech Concirrus launched general aviation insurance platform Quest Aviation
Concirrus, a data and analytics platform for commercial insurance, has launched Quest Aviation, a platform designed to enhance efficiency for underwriters
Insurtech At-Bay expanded its Cyber and Tech E&O Excess & Surplus coverage
Cyber insurtech At-Bay has expanded its Cyber and Tech E&O Excess & Surplus coverage to businesses with up to $5 bn in revenue
Appian integrated with Swiss Re’s automated life insurance underwriting in EMEA
Appian, in collaboration with Swiss Re, announced the expansion of the Connected Underwriting Life Workbench to select countries in Asia Pacific, Europe, the Middle East
Fees & commissions earned from insurance broking grow to $168 bn
The value of the worldwide market for insurance broking in terms of fees and commissions earned was around USD 168 bn in 2023
Life insurers expanded the use of private loans to optimize investment portfolios
The growing use of private credit by life insurers to optimise investment portfolios and align asset allocation with product liabilities is garnering heightened attention
CLARA Analytics launched of a fraud detection product for insurance claims
CLARA Analytics, a provider of artificial intelligence (AI) technology for insurance claims optimization, has launched of a fraud detection product that leverages
Insurtech CoverGo digitizes GMS’s entire health insurance ecosystem
Group Medical Services (GMS), a health insurance company in Canada, and insurtech CoverGo, a global no-code insurance SaaS platform for insurers
Geneva Association survey of insurance C-level executives about AI & Climate Tech
The Geneva Association released the second report in a two-part series on climate tech and insurance, titled Bringing Climate Tech to Market: The powerful role of insurance
Fintech CBiGroup raised $15 mn in Series A funding led by Alpol Capital
US-based fintech CBiGroup has secured $15 mn in Series A funding, led by Alpol Capital Family Office, an investor in emerging technologies
Uniswap Foundation disclosed its $41.4 mn balance sheet
The Uniswap community is preparing to vote on a proposal to implement a new fee distribution plan. The Uniswap Foundation has disclosed its balance sheet
Munich Re Specialty integrated Kalepa’s Copilot underwriting platform
Munich Re Specialty – North America has integrated Kalepa’s Copilot underwriting platform to enhance risk analysis and streamline operations
Health sector can be hardest hit by adverse effects of artificial intelligence
The health and pharmaceuticals sector is set to be hardest hit by the adverse effects of artificial intelligence (AI) over the next decade,
Insurtech INZMO launched AI-RentalBot to assist tenants & landlords
Insurtech INZMO has launched RentalBot, an AI-powered chatbot designed to assist tenants and landlords with legal inquiries related to rental issues
Insurtech Vitesse raised $93 mn in Series C funding
Insurtech Vitesse, a payment solutions provider for the insurance industry, has raised of a $93 mn Series C funding round
Insurtech Cover Whale sequred $27.5 mn from Morgan Stanle
Insurtech Cover Whale Insurance Solutions, specialising in connected insurance for commercial auto, has sequred $27.5 mn in debt and equity
U.S. cyber insurance market will grow to $20 bn by 2025
New cyber insurance capacity is increasingly matching fast-growing demand, particularly within the United States, and greater competition
ICEYE launched Flood Early Warning, satellite solutions for UK insurers
ICEYE, a satellite-powered disaster management solutions, has launched of its high-resolution Flood Early Warning and ongoing customer pilots of Flood Rapid Impact
Average U.S. homeowners insurance premiums increased – IRC report
Average U.S. homeowners insurance premiums have increased at a rate that has outpaced household income from 2001 to 2021
European insurers’ premium growth outpaced expense growth
Achieving sustainable margin recovery appears increasingly difficult for European insurers, as real-term premium increases are necessary to avoid erosion after costs surged to 10.9%
Insurtech Cortical will help Swiss Re for digital transformation in group insurance
AI-insurtech Cortical announced a strategic alliance with Swiss Re, a global leader in reinsurance. The collaboration aims to facilitate the adoption
Re/Insurance marketplace CatX launched Catamaran, AI-powered tool
CatX, a marketplace that connects (re)insurers and brokers with alternative capital, announced the launch of Catamaran, a stand-alone artificial-intelligence powered tool
Insurtech Cover Genius announced its $80 mn Series E funding
Cover Genius, the insurtech for embedded protection, today announced its $80 mn Series E funding round led by Spark Capital
Brazil floods, estimated at $1,5 bn, will increase re/insurance losses
AM Best has noted that the impact on most re/insurers will be contained as they retain smaller exposures and have exited volatile business lines
Insurance industry calls on European Commission to deliver Solvency II deal
Insurance Europe has written to the European Commission highlighting the importance that technical negotiations of the EU’s Solvency II review stay aligned
Large Dutch insurance companies exhibited robust regulatory capitalisation
According to Fitch Ratings analysts, large Dutch insurance companies exhibited robust regulatory capitalisation in 2023
UNIQA Insurance Group saw a positive developments in CEE market
UNIQA Insurance Group has published report about positive developments of the companies in CEE, which made a substantial contribution of around 50%
Ivan Gonzalez appointed CEO Swiss Re Corporate Solutions
Swiss Re announced that Ivan Gonzalez, CEO Reinsurance China, has been appointed CEO Corporate Solutions, succeeding Andreas Berger as of 1 July 2024
Insurtech Honeycomb sequred $36 mn Series B led by Zeev Ventures
Israeli insurtech company Honeycomb, specializing in multi-family properties, has sequred $36 mn in a Series B funding round led by Zeev Ventures
Insurtech Eleos raised $4 mn seed funding round
UK-based insurtech company Eleos has raised $4 mn in a seed funding round to support its planned expansion into the United States
Swiss Re posted a net income of $1.1bn for Q1 2024
Swiss Re posted a net income of USD 1.1 billion for the first quarter of 2024. The result benefitted from underwriting discipline and strong investment income
U.S. cyber insurance premiums rose nearly 11% in 2025 as policy volume jumped, but weaker pricing, higher losses, and AI-driven threats added fresh pressure
Finding affordable health insurance in California can be overwhelming. You’re faced with dozens of plan options, unfamiliar terms and questions about whether you qualify for subsidies through Covered California
Insurers enter 2026 with longer settlement cycles, rising volumes, and slow AI adoption, increasing costs and operational risk, AutoRek finds
Global insurance M&A stabilised, as insurers and brokers took a more strategic approach to acquisitions amid falling interest rates and a realignment of strategic priorities