Cargo insurtech Parsyl increased capacity in Essential Consortium to $55 mn
Parsyl, a technology-driven cargo insurance consortium, has significantly increased its capacity in the Essential Consortium to $55 mn
News
Marsh introduced ReadyCellSM, a novel risk financing solution
Marsh, a global leader in insurance brokerage and risk advising, and part of Marsh McLennan, recently introduced ReadyCellSM, a novel risk financing solution
Insured losses from the flooding in Germany will remain €1 bn if flood dykes hold
The insured losses from the recent flooding in various regions of Germany are expected to remain under €1 bn if the flood dykes hold, as per Onnen Siems
Global reinsurance market experienced a significant recovery in capital
Total reinsurance capital is projected to return to $561 bn in 2024, which is just less than 2% below the record high of $570 bn set in 2021
Hyperexponential raised $73 mn Series B to expand insurance pricing platform
UK insurtech Hyperexponential, the pricing decision intelligence (PDI) software, announced completion of its $73 mn Series B funding
Total insured losses from Japan earthquake set to reach $5-6bn
CoreLogic estimates that insured losses in the country from the quake could be between $1 billion and $5 billion. Karen Clark said that total insured losses will reach $6.4 bn
Potential for increased reinsurance prices in april renewals after Japan Earthquake
The earthquake on the west coast of Japan on January 1st has significant implications for the reinsurance market, particularly concerning the upcoming April 1 reinsurance renewals
Cowbell Cyber extended cyber insurance coverage to mid-market businesses in the UK
Cowbell Cyber Inc., a US-domiciled cyber insurer, has recently extended its cyber insurance coverage to mid-market businesses in the UK
Fintech Vestwell raised $125 mn in Series D for savings platform
Vestwell, a fintech platform for employer and individual savings, has successfully completed a Series D fundraising round, securing a $125 mn
Bain Capital Insurance invests a $200 mn in GuideOne Insurance Company
Bain Capital Insurance has announced a $200 mn investment in GuideOne, marking the inception of The Mutual Group, a new insurance platform
Insurtech SafeEnterprise launched of cyber insurance for autodealers
SafeEnterprise, a cyber insurtech supported by Lloyds of London, is introducing its latest product tailored for the automotive dealership sector
EU Agrees on Enhanced Solvency II Rules to Strengthen Insurance Sector’s Role
The Council of the European Union and the Parliament have come to a provisional agreement on amendments to the Solvency II directive
Partech launches €360 mn venture fund to back software & fintech in Europe
Partech launches its successor €360 mn venture fund to back mission-critical software, data and fintech specialists in Europe
China Life Insurance and China Pacific saw declines in investment income
China Life Insurance and China Pacific Insurance (Group) saw sharp declines in investment income year over year through the first nine months of 2023
Aon’s $13.4 bn acquisition of NFP is largest deal in global insurance broking sector
Aon’s $13.4 billion acquisition of NFP is the largest deal ever announced in the global insurance broking sector
UNIQA is the first insurer in Austria to have ambitious targets to reduce emissions
UNIQA Group informed that is the first insurance company in Austria to have ambitious targets to reduce emissions
VIG Re raises EUR 150 mn additional equity for digital transformation
VIG Re, the reinsurance company of Vienna Insurance Group, announced the increase of its registered capital by the amount of EUR 100 mn in 2023
Sumitomo Life Insurance acquired a 35.5% stake in Singapore Life Holdings
Sumitomo Life Insurance Company, a Japanese insurer, has agreed to acquire a 35.5% stake in Singapore Life Holdings (Singlife) from TPG Inc
Lloyd’s of London will stay in its City Tower until at least 2035
Lloyd’s of London has extended its lease at the iconic One Lime Street headquarters until at least 2035, with an option to extend to 2040
Munich Re launches underwriting tool SARA for insurers in EU and Latin America
Munich Re Automation Solutions launches of new module Interview Screens for its automated underwriting point of sale solution, SARA
Insurtech providers are helping European insurers transform their businesses
European insurers, facing challenging macroeconomic conditions, new market risks, are seeking more agile, tech-savvy approaches to business
Greek insurance market experienced growth in 9M 2023, reaching EUR 3.8 bn
The Greek insurance market experienced growth in the three quarters of 2023, reaching EUR 3.8 billion. This represents a 9.7% year-over-year increase
Hungarian insurance market demonstrated growth during 2023
The Hungarian insurance market demonstrated healthy growth in both revenues and profitability during the 2023, according to the Central Bank of Hungary
SURE Trust Fund mitigates military risks for foreign investors in Ukraine by insurance
Ukraine’s Reconstruction and Economy (SURE) Trust Fund is crucial for rebuilding Ukraine in the wake of damages caused by Russia’s War
USAID create a system for insurance against war & political violence risks in Ukraine
The Financial Sector Reform Activity project of the United States Agency for International Development (USAID) has drafted a memorandum
TOP 10 insurtech companies in Australia, based on total funding raised
The Australian insurance market is worth $100 bn annually and $7 trln worldwide, offering a massive opportunity for startups
Courts in Spain allowed a trial on crash SpanAir’s Boeing flight JK5022, killing 154 passengers
Courts in Spain are allowing a trial to move on SpanAir’s Boeing flight JK5022 which crashed on takeoff, killing 154 passengers
Insurtech OneDegree received new investment for digital asset insurance in UAE
Hong Kong-based crypto assets insurtech OneDegree announced it had received an undisclosed investment amount from Dubai Insurance
Insurtech CyberCube launched new version of Account Manager SaaS solution
Cyber analytics insurtech company CyberCube has launched Version 5.0 (v5) of Account Manager, the software-as-a-service solution
S&P raised financial strength ratings for Lloyd’s
S&P Global Ratings raised its financial strength ratings on the Society of Lloyd’s and its core operating entities to ‘AA-‘ from ‘A+’
Startup platform Sønr will accelerate innovation for polish insurer PZU
Innovation management platform Sønr is entering a strategic one-year collaboration with insurance group PZU to leverage platform to source startups
Swiss Re acquired Fathom, a water risk intelligence and flood models UK provider
Swiss Re has acquired Fathom, a UK-based company specializing in water risk intelligence and flood modeling
Howden acquired NORTH Risk, Denmark’s fourth-largest insurance intermediary
Howden has announced its definitive agreement to acquire NORTH Risk, Denmark’s esteemed fourth-largest insurance intermediary
Insurtech Surer partnered with digital insurer FWD and Etiqa Insurance
Insurtech Surer announced a partnership with digital insurer FWD Singapore (FWD) that will see them jointly offer a bespoke maid insurance plan
London-based e-bike insurtech Laka raised €7.6 mn
London-based insurtech Laka has raised €7.6 mn in new funding led by French mobility fund Shift4Good. Other investors in the funding include Autotech Ventures
Insurtech Bikmo raises £3.4 mn in Series A expansion
UK insurtech Bikmo, the company that provides coverage to Deliveroo’s fleet of bikes and e-bikes, has successfully secured £3.4 mn in funding
Fitch Ratings’ holds a neutral sector outlook for U.S. P&C insurance
U.S. property and casualty insurers will see some relief in the coming year following a rough 2023 as a personal auto line recovery contributes
Re/insurtech Ki offers digital follow capacity from multiple Lloyd’s syndicates
Ki, digital and algorithmically driven Lloyd’s syndicate, is pleased to announce that Travelers and Aspen will offer additional follow capacity
Petros Papanikolaou assumes role of CEO at Allianz Global Corporate & Specialty
Allianz Global Corporate & Specialty SE (AGCS) has revealed a host of leadership changes, pending regulatory approval, set to take place from January 1, 2024
Insurtech Clover Health exites from Medicare & Medicaid’s ACO Program
Medicare Advantage insurtech Clover Health has delivered notice to the Centers for Medicare and Medicaid Services that it will be exiting the ACO REACH Program
Insurtech Lami will not acquire Bluewave
Kenyan insurtech firm Lami Technologies announced in 2022 its intent to acquire Bluewave, a fellow startup in the insurance sector
Cloud-based insurtech Novidea launches into the Southeast Asia
Novidea, creator of the cloud-based, data-driven enterprise insurance management platform for brokers, agents, MGAs/MGUs, launched into the Southeast Asian
Insurtech Kota secures $5.2 mn in seed funding to transform employee benefits
Irish insurtech Kota, formerly known as Yonder, an all-in-one platform to automate insurance and retirement benefits for modern teams, secures $5.2 million
Nationwide and Resideo empower homeowners to proactively safeguard
To address this issue, Nationwide, a largest home insurers, and Resideo Technologies, the global provider of Honeywell Home smart thermostats and First Alert solutions
Health insurtech CoverSelf extended seed round to $8.2 mn
CoverSelf, an insurtech platform for healthcare claims, has extended its seed round to $8.2 mn, with funding from BEENEXT & 3One4 Capital
Jonathan May becomes Lloyd’s Europe CEO
Lloyd’s of London confirmed that Jonathan May, currently CFO and COO for Lloyd’s Europe will become Lloyd’s Europe CEO
Fitch’s outlook for U.S. Health Insurance Sector in 2024 remains neutral
Fitch’s outlook for the U.S. health insurance sector in 2024 remains neutral. Companies continue to navigate elevated healthcare utilization
Insured losses from U.S. wildfires are growing as frequency decreases
The potential insured losses resulting from U.S. wildfires are growing even as their frequency decreases because close to 99 million Americans reside
Data privacy startup Mine raised $30 mn in Series B co-led by Battery Ventures and PayPal Ventures
Israeli data privacy startup Mine has raised $30 mn in Series B funding, co-led by Battery Ventures and PayPal Ventures
Fitch Ratings’ outlook for German non-life insurance in 2024
Neutral Fitch Ratings’ sector outlook for German non-life insurance reflects its expectation that inflationary pressure on motor and property claims
Taiwanese insurance industry have more time to adjust investment strategies
The Taiwanese regulator’s latest adjustments and transitional measures for interest-rate risk will ease the negative spread pressure on life insurers
Insurtech Breeze digitalizes cargo insurance process
Insurtech platform Breeze has integrated with international shipping and freight forwarding firm Barrington Freight
Cyber insurtech Enveedo raised $3.15 mn seed funding led by Silverton Partners
Enveedo, a cybersecurity insurtech company with an innovative approach to integrated risk management, announced the closing of its $3.15 mn seed funding round
Aon announced an increase crop insurance capacity across Africa
Aon announced a collaboration with the African Development Bank (AfDB) and Amini, a leading innovator in space technology and artificial intelligence
Insurance Europe reviewed of EuroCommission ESG Rating Regulation proposal
Insurance Europe and Pensions Europe welcome the measures included in the European Commission’s ESG Rating Regulation proposal
Insurtech Insurity expanded AI-driven solutions for P&C insurance
Insurity, the insurtech provider of cloud software for insurance carriers, brokers, and MGAs, has expanded an AI-driven solutions for P&C insurance
Pet insurtech Lassie sequred €23 mn in Series B led by Balderton Capital
Pet insurtech Lassie has raised €23 mn in its Series B funding. The financing round led by Balderton Capital, with participation from existing investors such as Felix Capital
Insurtech Ondo raised $1.3 mn through a new placement
UK-based Insurtech Ondo has successfully raised $1.3 mn through a placement completed after the close of the market
Insurtech Cover Genius partnered with online marketplace Catawiki
Insurtech Cover Genius has partnered with Catawiki, the leading online marketplace for special objects, to protect the shipping of special objects
Insurtech Igloo raised $36 mn in pre-Series C round
Insurtech Igloo has raised $36 mn pre-Series C funding round led by global investment firm Eurazeo, with participation from Openspace Ventures
Global InsurTech funding rose 19.5% to $5.1 bn, with Q4 driving momentum as deal count and average size increased sharply, marking the first annual increase since 2021
InsurTech moves past disruption narrative, focuses on underwriting, AI, and operational efficiency as funding drops and insurers demand measurable results
The first notice of loss (FNOL) is the starting point for every insurance claim. It sets the tone for the entire claims cycle. And for years, this process has been manual
InsurTech funding crossed a significant milestone in Q2 2025, with $60.8bn raised since records began in 2012. The data reflects the scale of investor appetite over 10Y