Insurtech

January 9, 2025 @ 2:57 pm By Omar Faridi  |  

Akur8, the insurance pricing and reserving solution powered by transparent machine learning, is pleased to announce that Farm Bureau Insurance Company of Idaho, the property-casualty insurance company headquartered in the Gem State, has selected Akur8’s Core Platform solution to streamline the development of “high performing,”… Read More

January 5, 2025 @ 6:35 am By Omar Faridi  |  

European Insurtech firm wefox has reportedly finalized a $170 million refinancing deal. wefox, a European insurance tech firm established back in 2015 by Julian Teicke, is said to be finalizing a €170 million refinancing deal that has been led by private equity company Searchlight Capital… Read More

December 31, 2024 @ 4:40 pm By Omar Faridi  |  

Cytora, the digital risk processing platform, has partnered with global catastrophe risk modeling and solutions company Moody’s RMS. The integration will now reportedly enable P&C underwriters to gain insights into climate and natural disaster risk. Moody’s RMS Location Intelligence API provides catastrophe peril insights in… Read More

December 26, 2024 @ 9:46 pm By Omar Faridi  |  

One Inc, the payments network for the insurance industry, announced that GoAuto Insurance, selected One Inc’s ClaimsPay and PremiumPay products for a “fully” integrated and digitized policyholder payment experience. This integration enables GoAuto’s workflow by leveraging One Inc’s inbound and outbound payment capability, consolidating all… Read More

December 20, 2024 @ 6:46 pm By Michael Wong  |  

Singapore-based insurtech firm bolttech has successfully raised over $100 million in its latest Series C funding round, according to a company statement released on Friday. The funding round was anchored by Dragon Fund, with significant participation from Liquidity and MUFG. Additional investors in the round… Read More

December 18, 2024 @ 8:43 pm By Omar Faridi  |  

CyberCube, the provider of cyber risk analytics for the insurance industry, has signed a multi-year partnership with Mathison Insurance Partners. The collab marks a key milestone in empowering Mathison to deliver “cyber risk solutions to its retail partners and clients.” Mathison Insurance Partners, a specialist… Read More

December 15, 2024 @ 5:53 pm By Omar Faridi  |  

Sure has announced a partnership with CU Financial Group, LLC to launch SimpleQuote, a digital insurance solution enabling credit unions to offer their members seamless access to insurance. CUFG is a credit union service organization whose mission is to offer insurance products to credit union… Read More

December 14, 2024 @ 11:42 am By Omar Faridi  |  

CyberCube is pleased to announce a new partnership with St. Andrews Insurance Brokers, a retail brokerage based in Canada, to utilize CyberCube’s Broking Manager. This partnership will allow St. Andrews to model businesses’ potential cyber losses, allowing them to “protect their clients and win new… Read More

December 8, 2024 @ 10:23 pm By Tony Zerucha  |  

Insurers have learned that investments in app development pay off in happy customers, the J.D. Power 2024 U.S. Claims Digital Experience Study reveals. Auto and home insurers have spent the past year adding dozens of new features and refinements to their mobile apps, such as… Read More

December 7, 2024 @ 2:31 pm By Omar Faridi  |  

CyberCube announced a partnership with HUB International (HUB), a  full-service global insurance broker and financial services firm. With the expanded partnership, HUB will now reportedly have the option to leverage CyberCube’s software and services in order to “deliver cyber risk analytics” to its clients across the… Read More

December 3, 2024 @ 1:19 pm By Omar Faridi  |  

wefox is reporting a big change. The Germany-based Insurtech has reportedly reached an agreement with a group of Swiss companies led by the independent Swiss pension service provider BERAG on the sale of Liechtenstein-based Wefox Insurance AG. As announced in June of this year, the Liechtenstein-domiciled… Read More

November 30, 2024 @ 1:53 pm By Omar Faridi  |  

The latest 2024 Cyber Risk Index from Embroker reportedly shows coverage confidence increase, even as startups fear AI’s (artificial intelligence) shadow. Embroker‘s 2024 Cyber Risk Index is focused on revealing how founders are approaching cyber risk and “how they feel about coverage.” As cyberattacks continue… Read More

November 28, 2024 @ 11:21 am By Omar Faridi  |  

Organizations must prepare for the growing risk of unplanned technology outage events, driven by a rise in cloud service provider outages and an increased frequency of industry-wide Single Point of Failure events, CyberCube has cautioned. CyberCube, a provider of advanced cyber risk analytics, stated in… Read More

November 26, 2024 @ 11:26 pm By Omar Faridi  |  

Although globally there has been positive moment for insurance technology platofrms, Insurtech funding has continued its downwards trend in certain regions. But APAC has been fairly resilient, according to a BCG report. As India aims for Viksit Bharat by 2047, a stable and resilient financial… Read More

November 26, 2024 @ 11:20 pm By Omar Faridi  |  

Akur8, the insurance pricing and reserving solution powered by machine learning, is announcing that it has partnered with the American Association of Insurance Services (AAIS), the not-for-profit advisory organization for the Property and Casualty (P&C) insurance industry, to enhance the “quality of their predictive modeling.”… Read More

November 18, 2024 @ 10:06 pm By Omar Faridi  |  

Akur8, the insurance pricing and reserving solution powered by transparent machine learning, is announces that Utica First, a small business and personal lines insurer, has chosen Akur8’s Core Platform Solution to enhance its pricing models. With Akur8’s support, Utica First will build a predictive modeling… Read More

November 17, 2024 @ 8:34 pm By Omar Faridi  |  

Lemonade (NYSE: LMND) recently noted that it will provide detailed updates on how the Insurtech firm expects to 10x, going from an estimated $1 billion next quarter to $10 billion in “force premium” in the coming years. Lemonade will be sharing its strategic business expansion plans,… Read More

November 11, 2024 @ 10:11 pm By Omar Faridi  |  

Akur8, the insurance pricing and reserving solution powered by Transparent ML, is announcing its collaboration with Windward Risk Managers, the company that manages Florida Peninsula Insurance, Edison Insurance, and the newly formed Ovation Home Insurance Exchange. Windward selected Akur8‘s Core Platform solution to enhance their… Read More

November 9, 2024 @ 7:52 pm By Omar Faridi  |  

Gallagher Re has released the latest global Insurtech research report for Q3 2024. The 2024 Global InsurTech report series from the team Gallagher Re examines the fast-growing impact of Artificial Intelligence (AI) on the insurance technology industry, dissecting AI’s functions and processes within the (re)insurance… Read More

November 6, 2024 @ 10:17 pm By Omar Faridi  |  

Trium Cyber, the authorized service company for Syndicate 1322 at Lloyd’s, is leveraging CyberCube’s cyber risk analytics platform, Portfolio Manager, and its accompanying CyberConnect API product. Last year, Trium launched as the “first” Lloyd’s-approved mono-line Cyber syndicate, offering coverage to US-domiciled risks. Shortly after that,… Read More