AI-insurtech Assureful closed a $1.5 mn pre-seed funding led by Markd
Insurtech Assureful has closed a $1.5 mn pre-seed funding round led by Markd. The round also included participation from Greenlight Re Innovations
News
Gallagher reported its financial results for 9M 2023
Arthur J. Gallagher reported its financial results for the quarter ended September 30, 2023. Third quarter global insurance renewal premiums were up 10%
Chubb consolidated net insurance premiums of $13 bn in 9M2023
US insurer Chubb reported net income and core operating income for the quarter ended September 30, 2023 of $2.04 billion each, or $4.95 per share
Insurtech AgentSync sequred $50 mn co-led by Craft Ventures and Valor Ventures
Insurtech AgentSync announced an additional $50 mn fundraise co-led by existing investors Craft Ventures and Valor Ventures, bringing the company’s total funding
Net income to Aon shareholders increased to $456 mn
Net income attributable to Aon shareholders increased 12% to $456 million, or $2.23 per share on a diluted basis, compared to $408 million
Home insurtech Hippo initiated layoffs 12% of staff
Roughly a week before the anticipated release of its Q3 2023 results, home insurtech Hippo initiated layoffs affecting approximately 70 employees
AON analyses natural hazard activity worldwide in the 9M 2023
AON launched its Q3 Global Catastrophe Recap report, which analyses natural hazard activity worldwide in the 3 quarter of 2023 and for the 9 months of the year
Cyber insurtech Upfort raised $8 mn in a Series A led by SYN Ventures
Upfort, a cutting-edge cyber security and insurance platform, has raised $8 mn in a Series A funding round led by SYN Ventures
Syrona Health launched an artificial intelligence tool for mental health
Syrona Health has launched a voice-based artificial intelligence (AI) tool for mental health assessments that businesses can incorporate into their employee benefits
Global insurance broker Arthur J. Gallagher acquired Cadence Insurance
Arthur J. Gallagher has signed a definitive agreement to acquire Baton Rouge, Louisiana-headquartered Cadence Insurance
Boost Insurance launched of new risk transfer platform Boost Re
Full-stack digital insurance platform Boost Insurance has launched of Boost Re, an innovative new risk transfer platform, as the latest component
Extra challenges for insurers in the UK electric vehicle insurance market
Surging UK insurance premiums for electric vehicles pose a risk to their widespread adoption, analysts have warned
The economic drivers of the U.S. P&C insurance industry
The economic drivers of the U.S. property & casualty insurance industry could cumulatively expand faster than the nation’s gross domestic product (GDP) in 2024
Cover Genius partnered with Shippo to enhanced insurance solution for merchants
Shippo, the shipping platform for modern e-commerce, and Cover Genius, the insurtech for embedded protection, announced a partnership to enhance the merchant
Insurtech Canopy Connect closed a $6.5 mn Series A funding led by Nevcaut Ventures
Canopy Connect, the insurtech platform for collecting, verifying, and monitoring insurance information, has closed a $6.5 mn Series A funding round
Aon launched of Franchise Solutions program in North America
Aon has launches of Aon’s Franchise Solutions program in North America. Powered by CoverWallet technology, Aon’s franchise solutions are designed to better inform
Data insurtech Vellum Insurance sequred $7 mn seed round
Insurtech Vellum Insurance, an analytics and data management platform for the insurance and reinsurance industry, has announced a $7 mn seed round
Insurtech bolttech acquired a embedded protection company Digital Care
International insurtech bolttech has acquired Digital Care, a leading embedded protection company based out of Poland
European insurance industry faced a year of changes and challenges
The European insurance industry faced a year of changes and challenges, with the top ten insurance companies remaining consistent while a noticeable reshuffling
Howden Ventures launched an innovative insurance products development
Howden has unveiled an innovative venture known as Howden Ventures, pending approval from Lloyd’s, aimed at accelerating insurance product development.
Insurance prices in Europe will have to rise, according to Lloyd’s
Prices for US reinsurance have risen by between 20% and 40% over the past year or so. In Europe, prices have risen by just 10-12%
EU supports of subsidizing premiums on the Caribbean parametric insurance
The European Union continues to provide support to Caribbean Catastrophe Risk Insurance Facility SPC as a means of subsidizing premiums on the parametric insurance
Israel will approve of $5 bn state guarantees for airlines’ war risk insurance
Israel’s parliamentary finance committee said it would debate the approval of state guarantees for providing war risk insurance for Israeli airlines
Reinsurance costs for Asia-Pacific insurers are rising due to frequency of weather losses
Asia-Pacific insurers plan to increase asset allocations to fixed-income investments over the next 12-18 months, in order to take advantage of rising yields
Dutch insurers compensates the effect of high inflation in insurance in 2023
Dutch insurers achieved solid results in 1H2023 on stable underwriting and better investment results, and maintained their very strong Solvency II ratio
Insurance Europe iterates the importance of open reinsurance markets to competition
Insurance Europe has expressed “serious concerns’’ about the EIOPA’s draft Supervisory Statement (Statement) on the supervision of reinsurance
AM Best and Fitch’s outlook for the Indonesia insurance market
AM Best has confirmed that it is maintaining a negative outlook on the Indonesia insurance segment. AM Best cities heightened reinsurance credit ris
Royal Bank of Scotland lost an appeal over unfair commissions by protection insurance
Royal Bank of Scotland (RBS) lost an appeal over unfair commissions that were charged to customers who were sold payment protection insurance (PPI)
Henderson Insurance, Hoffman Kool and Life Line Brokers are merging into a new entity
Henderson Insurance, Hoffman Kool Insurance and Life Line Brokers will combine to operate under the new banner of HK Henderson
bolttech partnered with travel company Trip to embed travel insurance
bolttech Insurance, the Hong Kong general insurance arm of international insurtech bolttech, has partnered with leading travel company Trip
Insurtech SkyWatch acquired of the assets of DroneInsurance from REIN
SkyWatch, a specialty InsurTech focused on digital insurance for the aviation industry, announced the acquisition of the assets of DroneInsurance from REIN
Digital MGA platform Boost Insurance partnered with Canopius US
Boost Insurance has announced a strategic partnership with Canopius US Insurance Holdings, a subsidiary of the Canopius Group
Italian insurtech BeSafe raised €1.2 mn for travel insurance platform
Italian insurtech BeSafe Group has raised €1.2 mn to accelerate the development of tech and insurance services for European tourism
Munich Re Green Tech completed the final certification of warranty insurance
Munich Re Green Tech Solutions has successfully completed the final certification of photovoltaic warranty insurance in collaboration with Sunova Solar
SaaS-insurtech Allium Data secured of $750,000 a pre-seed round
Allium Data, a disruptive insurtech startup, announced the close of a pre-seed funding round of $750,000. The funding round comes from Markd
Coinnect among the TOP 15 global insurtechs selected for the NXT by InsurTech Hub Munich
Coinnect, an emerging startup in the Cyber Insurtech sector, announces that it has been selected, among more than 150 start-ups worldwide
SaaS insurtech CoverGo obtains a patent for drag-and-drop product builder
CoverGo, the global SaaS no-code insurance core platform for health, P&C, and life, has recently been granted a patent that recognizes the innovative technology
Insurtech startup Lula raised $35.5 mn in a Series B funding round
Insurtech startup Lula has raised $35.5 mn in a Series B funding round after experiencing a massive surge in customers
Insurtech Reserv secured $20 mn Series A to expand generative AI claims tools
Reserv, the AI-driven insurance claims processing startup, secured of $20 mn Series A round of financing to expand its generative AI claims data analysis tools
Cyber insurtech Coalition partnered with HDI Global Specialty
Coalition, the Active Insurance provider designed to prevent digital risk before it strikes, announced a new long-term partnership with HDI Global Specialty
Insurance Capital Standard – most significant regulatory development for insurers in 2024
Finalisation of the Insurance Capital Standard (ICS), a new global solvency standard for internationally active insurance groups
InsurSec At-Bay added 40 new classes of business to MPL insurance product
InsurSec provider At-Bay has added more than 40 new classes of business to Miscellaneous Professional Liability (MPL) product
Verisk launched of update to the ISO Businessowners program
Verisk, a global data analytics and technology provider, has announced the launch of its latest update to the ISO Businessowners (BOP) program
Allianz SE announces leadership updates to Board of Management
The Supervisory Board of Allianz SE announced the following leadership updates to the Allianz Board of Management
International Finance Corporation signed a $3.5 bn credit insurance policy
International Finance Corporation has signed a $3.5 bn credit insurance policy with 13 global re/insurance companies under its Managed Co-Lending Portfolio Program
UK-based Insurtech Artificial:io partnered with Tier 2 Consulting
Tier 2 Consulting, renowned for its expertise in agile software development, has forged a partnership with Artificial, an innovative UK-based Insurtech
Global reinsurance rates in 2024. Fitch, Moody’s & Goldman Sachs outlooks
Global reinsurance rates are likely to continue to rise in 2024, though at a slower pace than in 2023, and prices will start to fall in 2025
Insurtech platform Root raised $1.5 mn funding led by Invenfin
South African insurtech startup Root Platform, the low-code, API-first, end-to-end insurance technology platform provider, has raised $1.5 mn in funding led by Invenfin
Insurtech INSHUR launched insurance offering in partnership with Uber
On-demand insurance platform INSHUR has launched its insurance offering for on-demand livery drivers in Arizona, its second state in the US following its success in New York
Digital life insurance agency Haven Life partnered with Origin8
Haven Life, a digital life insurance agency, announced a new partnership with Origin8cares. This partnership will further Haven Life’s commitment
Insurtech Safely secured $8 mn in funding led by Highgate Ventures
Insurtech Safely has secured $8 mn in funding, with Highgate Technology Ventures leading the investment and participation from LAGO Innovation Fund
Insurtech Delos Insurance raised $7.3 mn seed extension round
Delos Insurance Solutions seals a $7.3 mn seed extension round to make available homeowners’ insurance in wildfire-prone areas
Insurtech Ripe acquired specialist boat insurer Craftinsure
Insurtech Ripe has completed its first M&A transaction by acquiring specialist boat insurer, Craftinsure
Logpoint uncovered the Akira infection chain through malware analysis
Logpoint’s research has uncovered the Akira infection chain through malware analysis. Akira actively targets Cisco ASA VPNs without multifactor authentication
Aviva acquired of AIG Life UK from Corebridge Financial of £460 mn
Aviva announces the acquisition of AIG Life UK from Corebridge Financial, a quoted subsidiary of American International Group, for consideration of £460 mn
Insurtech NEXT Insurance offered fully customize coverage quotes for agents
NEXT Insurance, a digital small business insurtech, announced a differentiated new offering that will enable agents to fully customize coverage quotes
Continental Assist partnered with parametric insurtech Baoba
Continental Assist, a North America-based travel assistance company, announced a partnership with Baoba Insurtech, a parametric insurance technology
California’s home insurers paid out more than they collected in premiums
California’s homeowners insurers cumulatively paid out more than twice as much in claims and expenses as they collected in premiums in both 2017 and 2018
Insurtech Authentic sequred $5.5 mn in seed round to launch captive insurance platform
Authentic, an insurtech platform that allows vertical Software-as-a-Service businesses to adopt the benefits of captive insurance, has raised $5.5 mn in seed funding
Rental e-scooters cause more insurance accidents than privately used scooters
E-scooters in rental fleets cause significantly more accidents than privately used scooters, according to the German Insurance Association
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