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Reinsurance News InsurTech news Insurance and reinsurance technology related news, focused on the wave of interest in InsurTech start-ups, investing in insurance technology initiatives, as well as reinsurance tech start-ups or ReinsurTech. Small business owners face economic pressures as confidence in insurance coverage wanes: NEXT 12th May 2025 A new survey from NEXT Insurance, a digital insurtech company focused on serving small businesses, reveals that economic pressures remain intense for entrepreneurs heading into 2025. The findings, drawn from a sample of 500 small business owners across the United States, show that inflation and labor shortages continue to be the ... Read the full article Insurwave and Osprey partner to modernise aviation insurance through real-time risk intelligence 12th May 2025 Insurwave, the London-based insurtech platform focused on specialty insurance, has entered into a strategic partnership with Osprey Flight Solutions, a specialist in aviation risk management. The collaboration aims to transform how insurers and aviation stakeholders assess, manage, and price risk by uniting Osprey’s advanced aviation threat intelligence with Insurwave’s dynamic insurance ... Read the full article India’s re/insurance market at inflection point: Mathur, Policybazaar for Business 9th May 2025 India’s risk transfer market is at an inflection point, as reinsurance infrastructure in the country lags the evolution of the rapidly expanding primary insurance market, creating opportunities for new ideas and models, according to Tarun Mathur, Co-founder and Chief Business Officer, Policybazaar for Business. Founded in 2008, Policybazaar is an insurance ... Read the full article InsurTech funding hits $1.31bn in Q1’25: Gallagher Re 7th May 2025 As per a new report from Gallagher Re, the InsurTech industry experienced a 90% surge in funding during Q1 2025, reaching $1.31 billion. According to Gallagher Re, around 61.2% ($710.86 million) of Q1 2025 InsurTech deals went to AI-centred companies, while five re/insurance investors made three or more tech investments in ... Read the full article MGT Insurance expands leadership team with AI and business development experts 7th April 2025 MGT Insurance, an AI-driven neo-insurer, has announced the appointments of Paul Bessire as AI & Data Principal Engineer and Jason Johnson as Head of Business Development. Bessire, previously the Chief Technology Officer and Chief Data Officer at Coterie Insurance, is recognised in data science, AI, and insurance technology. His expertise in statistical ... Read the full article 11 InsurTechs join Lloyd’s Lab Accelerator programme 2nd April 2025 Insurance and reinsurance marketplace Lloyd's has revealed the 11 InsurTechs that have secured a place in the 14th Cohort of the Lloyd's Lab Accelerator programme. The teams chosen include Faura, Satva Trust, QualRisk, Ocean Ledger, Novella, Testudo, Circuit Security, GWT Insight, Unwind Finance, 7Analytics AS, and reinsurance technology platform Supercede Technology, ... Read the full article Insurtech funding in LatAm dipped in 2024 but number of startups continues to rise: MAPFRE 14th March 2025 According to the ninth edition of the LatAm Insurtech Journey, developed by Digital Insurance LATAM and sponsored by MAPFRE, the Madrid-based insurer, annual investment in the sector fell by 38% compared to 2023, reaching only $92 million, although the second half of the year saw a 156% increase compared to ... Read the full article FutureProof Technologies launches FutureProof Insurance Agency 3rd March 2025 FutureProof Technologies, a venture-backed insurtech startup, has launched the FutureProof Insurance Agency, a wholly-owned subsidiary designed to enhance insurance distribution through AI-driven risk selection. The agency will sell policies on behalf of dozens of carrier partners across the United States, leveraging FutureProof's risk selection technology. This expansion builds on the success of ... Read the full article Global InsurTech funding fell to a seven-year low in 2024: Gallagher Re 13th February 2025 Global InsurTech funding fell to a seven-year low in 2024, declining 5.6% year-over-year from $4.51 billion in 2023 to $4.25 billion in 2024, according to a recent Gallagher Re report. This data is from Gallagher Re's Global InsurTech Report, the fourth and final instalment in its 2024 series on AI’s role ... Read the full article Helvetia and Breeze partner to revolutionise cargo insurance with advanced technology 7th February 2025 Helvetia Global Solutions Ltd (HGS), the global division of Helvetia Group that specialises in B2B2C and transport insurance solutions, has joined forces with Breeze, an insurtech company focused on cargo insurance within the logistics industry. This partnership combines Breeze’s technology with Helvetia’s expertise in international transport insurance, with the goal of ... Read the full article MiKargo247 collaborates with Falvey Insurance to expand global cargo insurance solutions 22nd January 2025 MiKargo247, an all-mode Insurtech platform for one-way, spot cargo insurance, has partnered with Falvey Insurance Group, a specialist in marine and cargo insurance, to enhance its global offerings. This collaboration extends MiKargo247’s coverage beyond trucking to include air, ocean, and cross-border transit options, offering greater flexibility and protection for businesses worldwide. Through ... Read the full article Helvetia partners with coinnect to launch Cyber Insurtech platform for enhanced risk management 11th November 2024 Helvetia, a Swiss insurance provider, has partnered with Coinnect, a cyber risk management platform, to implement advanced Cyber Insurtech solutions that enhance cyber risk assessment and support clients in mitigating cybersecurity threats. Through Coinnect's AI-powered platform, Helvetia can provide in-depth risk evaluation and continuous threat monitoring, offering greater protection and favourable ... Read the full article AI-focused InsurTechs lead funding surge in Q3’24 with $897.4m raised: Gallagher Re 7th November 2024 Gallagher Re, a reinsurance broker, has released its latest InsurTech report, revealing that AI-focused InsurTechs raised $897.4 million across 29 deals in Q3 2024. Eight of the top 10 companies by funding round were centred around artificial intelligence, resulting in an average deal size of $34.9 million for AI-driven InsurTech ventures. The ... Read the full article Global insurtech funding reaches $3.2bn in Q3, expected to reach $4.2bn by the end of 2024 5th November 2024 The third quarter of 2024 closed with an investment in insurance technology (Insurtech) of $3.2 billion, 7% less than in 2023, however, this trend appears to be a positive and suggests a rebound in funding in the fourth quarter, according to a new report by Dealroom.co, Mundi Ventures, and MAPFRE. Venture ... Read the full article Concirrus introduces Aviation Aggregations module to address underwriters’ challenges 30th October 2024 Aviation underwriters are encountering increased challenges in accurately assessing risk exposure and managing portfolios, prompting a pressing need for real-time data insights and advanced tools, which Concirrus, an insurtech innovator, has addressed with the release of its Aviation Aggregations module. As part of Concirrus’s broader Aviation platform, this new module enables ... Read the full article
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