Article ID: d18844a2b2d58e3af833c4cb5c5d8078597a55b4738335c3a67cd602cd2ee711
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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. Broker Insights officially brings its commercial insurance placement analytics to the US 28th October 2024 Scottish insurtech Broker Insights, whose platform helps brokers to better understand their business and connect with insurers, has announced its launch in the United States. Broker Insights’s platform, Vision, has been specifically tailored for the US following extensive broker research and collaboration during which time it analysed almost $1bn of gross ... Read the full article Prudential and RGA launch “first-in-market insurtech solutions” MedScreen+ 28th October 2024 Prudential has announced the Hong Kong launch of MedScreen+, a digital underwriting tool developed in collaboration with Reinsurance Group of America, Incorporated (RGA), a global life and health reinsurer. By utilising optical character recognition (OCR) and artificial intelligence (AI) technology, RGA's MedScreen+ can reduce medical report assessment times to ... Read the full article Coterie teams up with Berkley Re to provide cyber insurance for evolving business risks 23rd October 2024 Coterie Insurance, a technology-driven managing general agent (MGA) focused on simplifying small business insurance, has introduced cyber insurance to its platform through a new collaboration with Berkley Re Solutions and TransUnion. Leveraging coverage from Berkley Re Solutions and cyber services from TransUnion's TruEmpower™ Cyberscout solutions, Coterie now integrates Berkley Re’s tailored ... Read the full article INSHUR secures $19m to scale operations with MS&AD backing 22nd October 2024 INSHUR, a global embedded insurance provider, has raised $19 million in its latest funding round to continue to strengthen market position across the US and Europe, bringing total funding to $78.5 million since 2019. The round was led by Viola Growth, with the participation of MS&AD Ventures and existing investors. The funding ... Read the full article Inari partners with Diesta to enhance underwriting workbench 15th October 2024 Inari, a technology solution provider for global insurance and reinsurance companies, has partnered with Diesta, which offers streamlined premium processing platforms for insurance intermediaries. This partnership will integrate Diesta's premium processing and credit control features with Inari's underwriting workbench. Designed for Managing General Agents (MGAs), Inari’s underwriting workbench helps underwriters manage the ... Read the full article $17m Series B funding secured and Anthony Segal-Knowles named as CFO at Ledgebrook 8th October 2024 Ledgebrook, an insurtech company, is pleased to announce the successful completion of a $17 million Series B funding round. This strategic raise brings two distinguished Family Offices onto Ledgebrook’s cap table: Duquesne (which led the round) and The Stephens Group, alongside continued support from long-time partners Brand Foundry Ventures and American ... Read the full article Tokio Marine HCC and Tredder partner to launch adventure insurance product 23rd September 2024 Tredder, an insurtech company, has announced a new partnership with Tokio Marine HCC (TMHCC), a provider of specialty insurance. This partnership introduces a stand-alone supplemental insurance product tailored for the vehicle-based adventure community, positioning Tredder as a key player in the specialty adventure vehicle market. The new product offers comprehensive coverage for ... Read the full article Zywave appoints Martin Simoncic as CEO and Christian Kasper as EVP & CFO 19th September 2024 Insurtech provider Zywave has announced the appointments of Martin Simoncic as Chief Executive Officer (CEO) and Christian Kasper as Executive Vice President (EVP) & Chief Financial Officer (CFO). Zywave is backed by Clearlake Capital Group and Aurora Capital Partners. Prashant Mehrotra, Partner and Managing Director, and Erik Hansen, Vice President, at Clearlake, ... Read the full article SiriusPoint partners with travel insurtech Gigasure 4th September 2024 Global specialty re/insurer SiriusPoint has announced a new strategic partnership with travel insurtech Gigasure, which offers customisable insurance policies for travellers and backpackers. Policies will be underwritten by SiriusPoint, who becomes a distribution partner. IMG (International Medical Group, Inc.), a global insurance and assistance services company and subsidiary of SiriusPoint, will ... Read the full article Re/insurance and insurtech focused RB Ventures launches in Dubai 19th August 2024 Venture capital firm RB Ventures has launched in Dubai established by Rohit Boda, Managing Director at India-headquartered re/insurance broker J.B. Boda Group. RB Ventures will facilitate venture capital investments into re/insurance, insurtechs and other related sectors while providing deal related services. The company aims to bridge the capital gap by offering opportunities ... Read the full article Sprout, Britam, and LM Re launch parametric insurance for Kenyan coffee farmers 13th August 2024 Liberty Mutual Reinsurance (LM Re), a division of Liberty Mutual Insurance Group, has announced a new collaboration with Insurtech firm Sprout, Inc. and Britam, a financial services company serving as the local underwriter. Together, they are introducing a parametric insurance product aimed at safeguarding Kenyan coffee farmers from financial losses caused ... Read the full article Embroker names Andrew Lea as CIO, Kristy Malm promoted to COO 8th August 2024 Digital insurance company Embroker has appointed Andrew (Andy) Lea as Chief Insurance Officer (CIO) and promoted Kristy Malm as Chief Operating Officer (COO). The firm stated these appointments follow a series of significant milestones for Embroker, including two major product announcements and the launch of a new distribution channel for broker ... Read the full article Janover’s new insurtech platform hits profitability and boosts revenue by 60% in May 7th August 2024 Janover Inc., a provider of AI-powered solutions for commercial real estate transactions, has recently shared an update on its insurtech subsidiary, Janover Insurance Group. Launched in March 2024, Janover Insurance achieved profitability by May 2024. During that period, its monthly recurring revenue increased by more than 60% compared ... Read the full article Ledger Investing launches new ILS subsidiaries, Fermat to manage casualty ILS funds 6th August 2024 Ledger Investing, an insurtech and insurance-linked securities (ILS) focused venture-backed company, has expanded its casualty ILS capabilities with the launch of two new Cayman-based subsidiaries. The firm has created Ledger Re SPC as a reinsurer that aims to provide institutional investors access to casualty ILS, and Ledger ILS Services, as a ... Read the full article wefox completes two transactions to exit the German insurance market 2nd August 2024 InsurTech wefox has successfully completed two transactions to exit the German insurance market, aligning with the company's strategy to focus on profitable market positions of critical size If you recall, wefox's plans to exit the German market were announced in early July. It was revealed that wefox will only focus on ... Read the full article
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