Tagged: insurance

September 19, 2023 @ 6:12 am By Omar Faridi  |  

The Saudi Central Bank (SAMA) licensed “Al-tizam for electronic insurance brokerage” and “Altheqa Insurance Brokers” in order to “provide insurance aggregation services (soft launch).” With Al-tizam and Altheqa, there will “be five authorized insurance aggregation companies operating in Saudi Arabia.” This decision reflects SAMA‘s endeavor… Read More

September 15, 2023 @ 8:23 am By Omar Faridi  |  

Kin, the direct-to-consumer home insurance company built for every new normal, today announced the closing of a $33 million Series D extension. The funding was led by QED Investors “with participation from returning investors Geodesic Capital, Allegis Capital, Hudson Structured Capital Management Ltd. (doing its… Read More

September 14, 2023 @ 10:08 am By Michael Wong  |  

In a strategic move aimed at streamlining its operations and capitalizing on growth opportunities, British insurer Aviva plc has unveiled plans to sell its 25.9% stake in Singapore Life Holdings Pte Ltd, commonly known as Singlife, along with two debt instruments, to Sumitomo Life Insurance… Read More

September 12, 2023 @ 9:44 pm By Omar Faridi  |  

Cowbell, the provider of cyber insurance for small and medium-sized enterprises (SMEs), today announced a new integration with Cloudflare, the security, performance, and reliability company helping to build a better Internet. With this integration, Cowbell has “added security insights from Cloudflare to its risk rating… Read More

September 11, 2023 @ 10:02 pm By Omar Faridi  |  

Globe, the telecommunications service provider and digital solutions platform in the Philippines, has partnered with international insurtech bolttech in order “to launch Gadget Xchange, a new mobile device program that will make postpaid device switching easier, no questions asked.” The innovative program reportedly “offers greater… Read More

September 7, 2023 @ 7:55 am By Omar Faridi  |  

Cowbell, a provider of cyber insurance for small and medium-sized enterprises (SMEs), has announced plans to further expand its footprint in the UK market “with a new senior appointment and launch of its AI-powered cyber insurance program.” With more than half (54%) of SMEs in… Read More

September 6, 2023 @ 7:26 am By Omar Faridi  |  

Qover, which claims to be a leader in embedded insurance orchestration, announces the successful granting of a Financial Conduct Authority (FCA) full authorization. Following seven years of active operations in the UK market, this achievement ensures Qover’s continued growth “across the continent post-Brexit and underscores… Read More

August 23, 2023 @ 1:31 pm By Omar Faridi  |  

Pie Insurance, a tech-enabled provider of workers’ compensation insurance to small businesses, announced it appointed four industry experts to its leadership team. Carla Woodard was promoted “to vice president of claims, Jaime Gilliam-Swartz was appointed to vice president of customer service and operations, Arash Sadati… Read More

August 14, 2023 @ 8:49 pm By Omar Faridi  |  

The Saudi Central Bank (SAMA) licensed “Loan” to provide consumer microfinance solutions through financial technology. With Loan, there are now six authorized companies “offering consumer microfinance solutions in Saudi Arabia.” This decision reflects SAMA‘s endeavor “to support the finance sector, increase efficiency of financial transactions,… Read More

August 14, 2023 @ 11:59 am By Omar Faridi  |  

Kin, the direct-to-consumer home insurance company built for every new normal, recently announced select operating results through the second quarter ended June 30, 2023. Kin finished the second quarter of 2023 “with $109.7 million in gross written premium, bringing the year-to-date total to $192.9 million.”… Read More

August 12, 2023 @ 11:23 am By Omar Faridi  |  

Zirtue, the relationship-based lending app with a mission to drive financial inclusion, announces today its partnership with TruStage, a financially strong insurance, investment, and technology provider, built on the philosophy of people helping people. Formally known as CUNA Mutual Group, TruStage was “born out of… Read More

August 11, 2023 @ 11:13 am By Omar Faridi  |  

ForwardLane, the provider of AI-powered intelligence solutions, announces today the launch of its new generative decision intelligence platform EMERGE “to help solve many enterprise challenges such as data transparency, data privacy and data security issues within the wealth, asset management and insurance industries.” Following conversations… Read More

August 8, 2023 @ 8:38 am By Omar Faridi  |  

NEXT Insurance, a digital small business insurer, today announced it is expanding its insurance offerings for small businesses with the launch of commercial umbrella/excess liability in 41 states, and the expansion of liquor liability coverage in 7 additional states. Commercial excess/umbrella insurance “includes the same… Read More

August 6, 2023 @ 2:31 pm By Omar Faridi  |  

Lemonade, Inc. (NYSE: LMND) has released its second quarter 2023 financial results on August 2, 2023. In their Shareholder Letter, Insurance tech firm Lemonade notes that 2023’s second quarter “delivered better than expected top and bottom lines, as well as reinsurance and growth financing programs… Read More

August 3, 2023 @ 11:48 am By Omar Faridi  |  

Lockton Re, the reinsurance business of the world’s largest privately held independent insurance broker is expanding its partnership with cyber risk analytics firm CyberCube by licensing CyberCube’s Industry Exposure Databases. CyberCube’s Industry Exposure Databases were “launched in October 2022 to enable (re)insurers and brokers to… Read More

July 31, 2023 @ 4:44 pm By Omar Faridi  |  

Insurtech firm bolttech says it is pleased to share that the international insurance technology company has appointed Stuart Watson as its Director, Insurance Exchange, Asia. In his new role, Stuart will “lead business development for bolttech’s embedded insurance and marketplace propositions in the region, working… Read More

July 31, 2023 @ 8:49 am By Omar Faridi  |  

Cowbell, a provider of cyber insurance for small and medium-sized enterprises (SMEs),  announced that it has joined the Amazon Web Services (AWS) Cyber Insurance Partner Initiative. Participation in this initiative demonstrates that Cowbell “has deep expertise in serving SME customers with cyber insurance coverage tailored… Read More

July 27, 2023 @ 4:28 pm By Omar Faridi  |  

The Monetary Authority of Singapore (MAS) announced that insurance policy owners will soon have online options to nominate their beneficiaries. Amendments have been “made to the Insurance (Nomination of Beneficiaries) Regulations 2009, to enable insurers to provide these options from 2 January 2024.” The process… Read More

July 26, 2023 @ 8:46 pm By Omar Faridi  |  

Embroker, the digital platform making it radically simple to get business insurance, today announced strategic partnerships with Dashlane, a security-first password management provider, and Cowbell, a leading provider of cyber insurance for small and medium-sized enterprises (SMEs). With these, Embroker increases customer security through Dashlane’s… Read More

July 17, 2023 @ 4:46 pm By Omar Faridi  |  

Slide Insurance, the full-stack insurtech focused on providing affordable, effective homeowners coverage, announced it has finalized pricing for its latest catastrophe (cat) bond, closing the $100 million Purple Re Ltd. (Series 2023-2). This is the second cat bond sponsored by Slide this year, “following the… Read More