Healthcare insurtech FlashAid raised $2.5 mn
FlashAid, a Mumbai-based healthcare and insurtech startup, has recently raised $2.5 million in a pre-Series A funding round
News
Triple-I forecasts U.S. P&C insurance market growth to increase to 3.4% in 2024
The Insurance Information Institute reports that the economic drivers for the U.S. property and casualty insurance industry are currently expanding
Indian government will sell 10% of GIC Re
The Central government of India may sell up to 10% stake in the state-run reinsurer General Insurance Corporation (GIC Re) in the current financial year
AON launched a new suite of risk analyzer tools for insurance brokers
AON launched a new suite of risk analyzer tools that allow brokers in North America to receive exposure data, quantify loss potential and help risk managers
Insurance Europe: EU must stay on course to deliver Solvency II
Insurance Europe has called on the European Commission to ensure that the forthcoming technical work on Solvency II – the EU’s prudential regime
AI insurtech PeppercornAI raised £3.25 mn
Insurtech PeppercornAI has raised £3.25 mn in funding from prominent backers, including Wealth Club, EHE, and Angels Invest Wales
AON acquired of NFP, a middle market P&C insurance broker
AON, a global professional services firm, has completed the acquisition of NFP, a middle market property and casualty broker, benefits consultant
Insurtech Estaly raised $3.8 mn in seed funding from OneRagtim
Insurtech Estaly has raised $3.8 mn in seed funding from OneRagtime, CDG Invest, and approximately 20 angel investors
Marsh acquired Fisher Brown Bottrell Insurance
Marsh McLennan Agency announced that it has entered into a definitive agreement to acquire Fisher Brown Bottrell Insurance (FBBINSURANCE)
Pet insurtech Rainwalk announced $4 mn led by ManchestorStory
Pet insurtech Rainwalk Technology, the white-label pet insurance technology provider, announces $4 mn in Seed funding led by ManchestorStory
Insurtech Faura secured $500k pre-seed for reduce natural disaster risk
Insurtech Faura, which uses climate and property analytics to better understand disaster risk, has raised $500k in its first round of funding to help insurance companies
Unwritten sequred $3.5 mn in seed funding led by Connect Ventures
Fintech climate startup Unwritten, previously known as Dovetail Finance, has completed a seed funding round, raising $3.5 mn
Munich Re announced a preliminary net profit of €2.1 bn for Q1 2024
Global reinsurer Munich Re has announced a preliminary net profit of €2.1 billion for Q1 of 2024, as the firm highlights a better than expected operational performance
Property and casualty insurance earnings will improve in 2024
Property and casualty insurance statutory earnings will materially improve in 2024 amid recovery in personal lines results and only modest deterioration in commercial lines
UK life insurers announced 2023 results
UK life insurers’ recently announced 2023 results, which featured strong growth in bulk annuity transactions, reinforce the sector’s improving outlook
PERILS estimated EUR 691 mn insured loss for Babet-Aline Floods & Storms
PERILS, the independent Zurich-based organisation providing industry-wide catastrophe insurance data, has disclosed its third industry loss estimate
Storms and flooding in Asia/UAE causing significant insured losses
Heavy rainfall, storms, and widespread flooding hit Southwestern Asia, notably the United Arab Emirates, in April, causing significant economic and insured losses
Swiss Re launches Life Guide Scout, a Generative AI underwriting assistant
Swiss Re launches an augmented version of its Life & Health underwriting manual Life Guide. The new version comes equipped with Swiss Re Life Guide Scout
Agri-insurtech Pula sequred $20 mn Series B led by BlueOrchard
Kenyan agricultural insurtech Pula has sequred $20 mn Series B funding round, led by BlueOrchard, to help thousands of smallholder farmers
Dawn Miller appointed as CCO of Lloyd’s and CEO of Lloyd’s Americas
Lloyd’s has announced that Dawn Miller has been appointed as Chief Commercial Officer of Lloyd’s and CEO of Lloyd’s Americas
Insurtech FloodFlash launched a business interruption insurance
FloodFlash, a parametric insurance technology company, is launching a new product aimed at bolstering business interruption (BI) insurence coverage
Cyber insurtech Coalition announced Microsoft, Google and AWS integrations
Cyber insurtech Coalition announced new integrations between Coalition Control, its cyber risk management platform, and cloud services providers
Amazon closed its Insurance Store initiative in the UK
Amazon has closed its Amazon Insurance Store initiative. The platform, which was introduced in October 2022 to facilitate the purchase of home insurance in the UK
ICEYE secured $93 mn for satellite-powered disaster solutions
ICEYE, a satellite-powered disaster management solutions, has finalised a definitive agreement for an oversubscribed $93 mn growth funding round
Insurtech Qoala sequred $47 mn funding, led by PayPal Ventures
Qoala, a Indonesian insurance startup, has sequred $47 mn in a funding round, co-led by renowned investors PayPal Ventures and MassMutual Ventures
Manulife Investment unveiled its first fund dedicated to secondary deals
Manulife Investment Management has unveiled its first fund dedicated to GP-led secondary deals
AXA Investment Managers acquires W Capital Partners
AXA Investment Managers has agreed to acquire W Capital Partners, a New York-based private equity firm specializing in GP-led and direct secondaries transactions
Blue Owl Capital acquires Kuvare Asset Management, a insurers’ invest manager
Blue Owl Capital will spend $750 mn to acquire Kuvare Asset Management, a boutique investment management firm that services the insurance industry
Israeli startup Hailo extended its Series C with $120 mn for running generative AI
Israeli startup Hailo has extended its Series C with $120 mn to develop specialized chips for running generative AI tasks locally
Swiss Re’s shareholders approved all motions by the Board of Directors
Swiss Re’s shareholders approved all motions put forward by the Board of Directors at today’s Annual General Meeting (AGM)
M2 Recovery launched a legal expenses insurance for crypto assets
M2 Recovery has launched a groundbreaking insurance policy, marking the world’s first initiative to cover legal expenses associated with reclaiming stolen crypto assets
Australian insurtech Honey Insurance raised $108 mn in Series A
Australian insurtech startup Honey Insurance, has raised US$108 mn in its Series A funding round, attracting significant interest from investors in the U.S.
Insurtech platform Novidea sequred an additional $30 mn funding
Insurtech Novidea raised an additional $30 mn funding from HarbourVest Partners. The investment brings total Series C funding round to $80 mn
MetLife Pet Insurance partnered with Association of Animal Welfare Advancement
MetLife Pet Insurance has partnered with the Association of Animal Welfare Advancement to enhance support for pet owners in managing the care
European insurtech Laka annonced investment from Achmea
Insurtech Laka, founded in London in 2017, has annonced investment led by Achmea Innovation Fund as part of its strategic move
Health insurtech CareVoice secured $10 mn funding in Series B
Insurtech CareVoice has secured $10 mn funding in Series B led by Apis Insurtech Fund I. The funding will be used to accelerate the Company’s growt
Insurtech mTek raised $1.25 mn to boost expansion in African markets
Kenyan Insurtech mTek has sequred $1.25 mn in funding to boost its expansion efforts within the Kenyan and East African insurance markets
Sertis, a MGA specialising in property owner coverage, sequred $3.2 mn
Sertis, a Managing General Agent (MGA) specialising in property owner coverage, has sequred $3.2 mn in a funding round.
Insurtech Lemonade launched of homeowners insurance in France
Insurtech Lemonade announced the launch of Homeowners insurance in France in partnership with BNP Paribas Cardif
Insurtech Element secured €50 mn from Versorgungswerk der Zahnärztekammer
German insurtech startup Element has secured €50 million in funding from Versorgungswerk der Zahnärztekammer Berlin K.d.ö.R. and Alma Mundi
Monad Labs, blockchain startup, sequred $225 mn Series A
Monad Labs, an ethereum blockchain developer, has closed a $225 mn Series A, the largest deal the sector has seen in over seven months
Stanhope sequred £2.3 mn to developing of ‘human-like’ AI
The neuroscience-driven AI startup Stanhope has sequred £2.3 mn in funding to enhance the development of ‘human-like’ AI
Healthtech Recare raised €3.2 mn for expansion in Germany
Recare has developed a SaaS platform that acts as a neutral marketplace, allowing hospitals to find care providers for their patients with aftercare needs
Luminance raised $40 mn in Series B funding to use of large language models
Luminance has raised $40 mn in Series B funding to further its use of large language models (LLMs) which are predicted to automate significant portions of work
Lexverify secured £900K in Seed funding to enhance AI-driven risk managemen
UK-based startup Lexverify secured £900K in Seed funding to enhance its AI-driven risk management assistant
HR software app Homebase sequred $60 mn Series D
Homebase is HR software that targets the two-thirds of the American SMB workforce with hourly jobs that require them to be on-site
Fintech Scayl, founded by ex-VC executives, raised €100 mn
Scayl, a debt financing platform founded by ex-VC, announced its emergence from stealth having raised €100 mn
Lloyd’s Consortium Brit launched a cyber insurance – Brit Cyber First50
Brit has launched a groundbreaking initiative in the cyber insurance realm with the launch of Brit Cyber First50, a Lloyd’s Consortium
PERILS estimated insurance loss for Australia Christmas Storms at $1 bn
PERILS, the Zurich-based providre of industry-wide catastrophe insurance data, has disclosed its second industry loss estimate for the Australia Christmas Storms
Swiss Re announced that Andreas Berger will become Group CEO
Swiss Re announced that Andreas Berger will become Group Chief Executive Officer effective 1 July 2024, taking over from Christian Mumenthaler, who will step down
Florida’s insurance market continues to strengthen in 2024
Florida insurance market continues to strengthen, showing signs that recent legislation is having positive impacts on property and casualty insurance market
Insurtech Empathy sequred $47 mn Series B funding led by Index Ventures
Insurtech Empathy announced the closure of a $47 mn Series B funding round, spearheaded by Index Ventures, alongside notable contributions from General Catalyst
CoreLogic estimated insurable losses from Earthquake in Taiwan up to $1 bn
CoreLogic estimates insurable losses from the 7.2 magnitude earthquake that hit Taiwan on April 3, 2024 will be between $0.5 and $1 bn
AGCS to sell US Fireman’s Fund insurance businesses to Arch for $1.4 bn
Allianz Global Corporate & Specialty to sell its Fireman’s Fund insurance businesses in the United States to Arch Insurance North America for total transaction value of $1.4 bn
Reinsurance market’s underlying ROE improved to 14.3%
Global reinsurance industry’s underlying ROE was above the cost of capital for the second consecutive year in 2023, improving to 14.3%
Verisk launched its Next Generation Models for re/insurers
Global data analytics and technology provider Verisk has launched its Next Generation Models (NGM), which will be implemented by insurers and reinsurers
High Court: $10 bn insurance aircraft payouts should be heard in London
London’s High Court has decided that the $10 bn battle between reinsurers and a host of aircraft leasing companies seeking payouts for more than 200 jets stuck
Largest European reinsurers achieved an earning of €10.2 bn in 2023
The largest European reinsurers achieved a combined earning of €10.2 bn in 2023, more than double their earnings in 2022, attributed to higher prices
Insurtech Coterie secured a substantial $27 mn in post-Series B round
Insurtech Coterie, which specialises in services for small businesses, has secured a substantial $27 mn in funding during a post-Series B round
Insurtech Vouch raised $25 mn Series C-1 funding led by Ribbit Capital
Insurtech Vouch announced the closure of a $25 million Series C-1 funding round, led by Ribbit Capital
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