Tagged: insurance

May 31, 2026 @ 7:21 pm By Michael Wong  |  

Insurtech startup Corgi has doubled its valuation to $2.6 billion just three weeks after reaching unicorn status, underscoring investor demand for AI-driven commercial insurance infrastructure. The San Francisco-based company said it raised $106 million in a Series B1 round led by TCV, with participation from… Read More

May 30, 2026 @ 8:31 am By Michael Wong  |  

The Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, and the Insurance Commission highlighted the potential of bundling parametric insurance with credit in enhancing lending to climate-exposed sectors. Parametric insurance provides automatic payouts once predefined weather thresholds are met. When bundled with… Read More

May 27, 2026 @ 2:49 am By Omar Faridi  |  

Asia is set to play a pivotal role in the expansion of the global cyber insurance sector. A joint report by CyberCube, a key player in cyber risk analytics, and United Insurance Brokers (UIB), a Lloyd’s broker, underscores the region’s potential amid surging digital transformation… Read More

May 18, 2026 @ 11:05 am By JD Alois  |  

Iran has announced it intends to offer insurance for ships transiting the Strait of Hormuz using Bitcoin. Fars News Agency and Iran’s Ministry of Economy state that the system provides cryptographically verifiable insurance policies. By using Bitcoin, Iran aims to circumvent the many sanctions imposed… Read More

May 13, 2026 @ 7:15 am By Omar Faridi  |  

Aberdeen Investments indicated that European insurers have long faced pressure to favor fixed-income holdings over equities under the existing Solvency II regime. High capital charges—typically ranging from 39 to 49 percent for standard equity exposures—have made it difficult to justify stocks on a return-on-capital basis,… Read More

May 5, 2026 @ 1:28 am By Omar Faridi  |  

Schroders Capital is strengthening its position in private markets by launching vehicles that link institutional capital to a range of opportunities while advancing digital infrastructure in alternative investments. Two recent developments highlight the firm’s focus on bridging traditional investors with high-growth sectors and modernizing complex… Read More

April 19, 2026 @ 2:31 am By Tony Zerucha  |  

This week, Vertafore introduced its Velocity AI Platform and six AI agents for everyday insurance workflows. The Vertafore Velocity AI Platform Purpose-built for insurance, Velocity AI brings artificial intelligence directly into the core systems agencies, MGAs and carriers already use. The platform serves as the… Read More

April 1, 2026 @ 3:16 am By Omar Faridi  |  

Citi (NYSE: C) highlights in a recent update how the insurance sector is undergoing a profound transformation driven by digital innovation, with direct-to-consumer (D2C) strategies at the forefront. The detailed report from Citi underscores that traditional insurers are rapidly adapting to technology-enabled models that bypass… Read More

March 12, 2026 @ 1:24 pm By Omar Faridi  |  

Insurance providers are under mounting pressure to turn artificial intelligence from pilot projects into tangible business advantages, according to a fresh analysis released by CB Insights. The latest report warns that companies failing to execute swiftly on AI could lose ground to more agile players…. Read More

March 10, 2026 @ 8:57 am By Omar Faridi  |  

Insurtech Akur8 has announced a major expansion of its strategic alliance with RSM US LLP, the prominent provider of assurance, tax, and consulting services to middle-market businesses. The move marks a deeper integration of Akur8’s innovative technology into RSM’s operations, positioning both organizations to deliver… Read More

February 26, 2026 @ 3:07 am By Omar Faridi  |  

Chicago-based insurtech Kin announced impressive full-year 2025 results on February 23, 2026, reporting total revenue of $201.6 million—a 29% increase from the prior year. Gross written premium reached $634.4 million, while baseline operating income surged 116% to $68.6 million, pushing the operating margin to a… Read More

February 18, 2026 @ 9:54 pm By Omar Faridi  |  

In a departure from historical patterns, consumer interest in shopping for insurance remained fairly steady throughout the final quarter of 2025, according to TransUnion’s (NYSE: TRU) latest Insurance Personal Lines Trends and Perspectives Report. Rather than tapering off as the year wound down—a trend long… Read More

February 17, 2026 @ 10:19 pm By Omar Faridi  |  

A recent announcement impacting the insurance technology sector by Branch, an insurer based in Columbus, Ohio, aims to further strengthen an existing collaboration with Akur8 by integrating the latter’s Discover tool. This expansion, announced this month, now aims to enhance Branch’s access to real-time regulatory… Read More

February 17, 2026 @ 8:12 am By Omar Faridi  |  

The CB Insights State of Insurtech report indicated that the sector staged a clear rebound last year — not through a flood of speculative early bets, but through a decisive shift toward companies that have proved they can deliver scale, traction, and durable business models…. Read More

February 13, 2026 @ 10:33 am By Tony Zerucha  |  

Federato’s co-founder and CEO Will Ross combined deep AI experience with practical market analysis to create a company that is upending the insurance industry. Ross has been involved with AI in some fashion for 15 years. Through that period, he’s seen two waves. The first… Read More

February 4, 2026 @ 7:53 am By Omar Faridi  |  

Gyde, the AI native brokerage platform, has recently made its debut backed by a substantial $60 million in financing. This Austin-based company, which also maintains operations in New York City, is poised to transform how top insurance professionals operate by automating mundane tasks and emphasizing… Read More

January 28, 2026 @ 8:02 pm By Omar Faridi  |  

Insurtech Kin, a direct-to-consumer digital insurance provider, has rolled out auto insurance options in Florida and Texas. This expansion allows customers to bundle their home and auto policies seamlessly, addressing the growing need for comprehensive insurance coverage in regions prone to natural disasters and other… Read More

January 28, 2026 @ 4:39 am By Omar Faridi  |  

Go Digit General Insurance (BSE:GODIGIT) has announced impressive financial results for the third quarter of fiscal year 2026. The company, a key player in India’s digital insurance landscape, achieved a significant uptick in profitability, underscoring its solid operational strategies and market positioning. This performance highlights the… Read More

January 28, 2026 @ 3:28 am By Omar Faridi  |  

Quantexa has rolled out its Claims Accelerator for Decision Intelligence, now accessible worldwide via the Guidewire Marketplace. This integration targets Guidewire’s ClaimCenter running on Guidewire Cloud, allowing insurance providers to infuse sophisticated analytical capabilities into their claims handling processes. As a Guidewire PartnerConnect Technology ally… Read More

January 27, 2026 @ 3:40 pm By Tony Zerucha  |  

SUPERAGENT AI has announced what it describes as the world’s first Quoting AI Agent, a technological breakthrough that automates the single most critical and labor-intensive workflow in the insurance industry – the quoting bottleneck. For decades, the “quoting bottleneck”, the manual process of collecting data,… Read More