The insurance industry in Bangladesh is grappling with a major crisis as a shortage of US dollars has made it difficult for local insurers to make premium payments
Lloyd’s, a leading marketplace for commercial, corporate and specialty risk solutions, is pleased to announce Andrew Brooks as the new Deputy Chair of the Council of Lloyd’s
Branch Insurance, a full-stack insurtech company, has launched condo insurance, expanding its array of instantly bindable insurance products
Insurance losses relating to the series of earthquakes in Turkey and Syria are expected to be in the billions of dollars
M&A tech and InsurTech firm io.insure, which claims to be the world’s first online mergers and acquisitions (M&A) insurance marketplace for SME transactions
With inflation and its consequences roiling global financial markets, preparations for tougher times by Japan’s insurers are looking to have paid off
Insurtech Socotra has reported robust 2022 results, with 71% increase in revenue and a 75% growth in customers
Business finance solution Qonto is using insurtech Qover to simplify and overhaul its embedded insurance programme for cardholders.
Global re/insurance broker Aon, a leading provider a broad range of risk, retirement & health solutions, launches of a CyFi – digital insurance solution
The investment arm of insurance giant Metlife had agreed to acquire Raven Capital Management, a U.S. private credit manager with $2.1 bn in assets under management
Coincover, a Cardiff, UK-based crypto digital asset protection company, has raised $30 million in funding led by Foundation Capital to protect people and their digital assets
Business finance solution Qonto is using insurtech Qover to simplify and overhaul its embedded insurance programme for cardholders.
Embedded insurtech startup Vertical Insure has secured a $2mn extension to its seed funding round. Startup is embedded insurance platform built for vertical SaaS
The market for gig economy insurance is set to grow amid continuing cost-of-living pressures, according to GlobalData survey
Insurtech Angle Health Insurance has announced the completion of its Series A funding round, which raised $58mn led by Portage, a global investment platform
Neutral Sector Outlook Fitch Ratings’ sector outlook for the UK life insurance market is ‘neutral’ relative to actual fundamentals
The ‘neutral’ outlook for the French life insurance sector reflects Fitch Ratings’ view that the fundamentals will be resilient in 2023
Significant macroeconomic conditions in Central America will continue to challenge the operating environment and industry growth for the Central American insurance market
The neutral outlook for the German life insurance sector reflects Fitch Ratings’ expectation of a mixed operating environment, with improving investment yields
Toronto-headquartered Cyber insurtech BOXX Insurance has raised $14.4mn in Series B funding round led by insurance giant Zurich
The world’s largest asset manager, BlackRock, disclosed a significant position in Silvergate Capital, the beaten-down banker to the cryptocurrency industry
Berlin-based cyber insurtech Baobab has raised €3mn from fintech venture capital fund Augmentum to offer cyber insurance to small and medium-sized enterprises (SMEs).
Zurich Insurance is on the prowl for innovative insurance-related startups as part of its fourth annual startup competition, Zurich Innovation Championship.
Allianz Partners is working with tire manufacturer Bridgestone EMIA to co-create new offers and services around each partner’s key areas of expertise
Israeli cybersecurity startup Guardz has emerged from stealth with $10 million in backing from Hanaco Ventures, iAngels, GKFF Ventures, and Cyverse Capital.
Sentra, a cloud data security company, announced the completion of a $30 million Series A funding round led by Standard Investments, with participation from Munich Re Ventures
Federal Reserve Board issued guidance with important implications for banks in the US with respect to cryptoasset activities.
Financial Conduct Authority (FCA) has now published an update reminding cryptoasset firms to prepare for the changes
Global credit insurer Coface is acquiring Rel8ed Analytics. Founded in 2015, Rel8ed is a Canadian company offering predictive analytics, public data, and big data analysis
According to a report by Süddeutsche Zeitung, Berlin-based digital insurtech wefox has begun shrinking its workforce of around 1,400 employees
hotline.finance changed focus from implementing e-commerce and marketing tools to adding new products and new insurance companies to the platform
Pet care insurtech startup Fluffy has closed a $450k pre-seed round led by QVentures and Techstars
Munich Re Specialty Insurance has launched Reflex, a proactive cyber risk management program offering complimentary risk control services
Verisk, a global data analytics provider, is expanding its claims ecosystem by teaming up with Tractable, applied AI company. By integrating with Tractable
WTW has launched an excess layer cyber facility, called CyXS, which is available to WTW clients globally who purchase excess layer cyber programmes
Hannover Re generated a Group net income of €1.41 billion (previous year: €1.23 billion) in the 2022 financial year based on preliminary, unaudited key figures
Swiss Re announced plans to streamline its organisational structure. The reorganisation, which aims to simplify structures, improve efficiency and client experience
WTW, a global advisory, broking and solutions company, introduced ESG Clarified, an analytics platform generating new insights to help organizations better understand
Essent Group agreed to purchase the title insurance subsidiaries of Finance of America’s Incenter business for $100 mn, the latest company looking to find synergies
US P&C insurer Westfield Specialty has announced the completion of its acquisition of Lloyd’s of London Syndicate 1200 from Argo Group International Holdings.
A huge earthquake killed more than 2,600 people across a swathe of Turkey and northwest Syria on Monday, with freezing winter weather adding to the plight
McKinsey acquires Iguazio, a leader in AI and machine-learning technology. With the addition of Iguazio’s technology and a team of more than 70 data and AI experts
UK-based insurtech Candid (part of the Clark Group of companies) and Swiss Re’s iptiQ join forces to provide affordable and accessible life insurance solutions to UK
A confluence of factors, including rising interest rates, increased unrealized losses and declines in capital has led to leverage ratios ticking up among U.S. property & casualty
Despite the Russia-Ukraine war, trade credit insurers are expected to report strong results for 2022, according to analysts at insurance credit rating agency AM Best
Lloyds Banking Group has invested £4 million in Caura, an award-winning all-in-one motoring app designed to take the hassle out of car ownership
The reinsurance segment has been generating return-on-equity ratios of approximately 4-5%, in a market where the cost of capital is at least twice that
Insurtech Betterview has completed a new round of funding of undisclosed amount led by existing investors EMC Insurance, Guidewire Software, Nationwide, MaidenRE
Nippon Life Insurance Company has agreed to invest an additional commitment of $1 bn in Resolution Life, a leading global life and annuity insurance consolidation business
Lloyds Banking Group has invested £4 million in Caura, an award-winning all-in-one motoring app designed to take the hassle out of car ownership
The most difficult conditions during the recent 1 January 2023 renewals were experienced in the property segment, driven by an evident mismatch in demand and supply
At least five events topped the economic loss threshold of $10 billion. Hurricane Ian dominated the ranking with an aggregated toll of approximately $95.5 billion
Life Insurtech Covr Financial Technologies has partnered with Smart Choice to bring its digital insurance platform for independent agents, Covr Pro, to 9,500 Smart Choice
Tesla has discussed its results. CEO Elon Musk and CFO Zach Kirkhorn shared some insights about Tesla Insurance
Direct-to-consumer mortgage lender AmeriSave Mortgage Corporation has partnered with Ladder Insurance, giving customers the option to apply for life insurance online
Insurance Europe has responded to the European Supervisory Authorities’ call for evidence on greenwashing
Coalition is now even better placed to deliver its Active Cyber Insurance to licensed territories around the world
The catastrophe insurance data provider PERILS has disclosed its second industry loss estimate for the Southeastern Australia floods, amounting to AUD 840 mn
Pathpoint, the digital wholesaler where insurance agents can get bindable small commercial E&S quotes, has raised $12.5 mn in funding from existing investors
According to ShipIn Systems, the industry is facing a challenging 2023, with inflation driving up costs for repairs and breakdowns, geopolitical tensions
