Insurtech

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

November 5, 2024 @ 12:22 pm By Tony Zerucha  |  

A catastrophic hurricane season has shed light on the reinsurance industry as it faces significant cost increases. Ted Georgas, co-founder and CTO of Nayms, a crypto-native reinsurance marketplace, said blockchain-based systems could dramatically reduce those costs. Georgas explained that reinsurance is a mechanism where insurance… Read More

November 1, 2024 @ 8:15 am By Omar Faridi  |  

Kin, the direct-to-consumer home insurance firm built for every “new” normal, announced operating results for its third quarter ended September 30, 2024. Kin has recently reported that it has recorded a substantial “$38 million in total revenue during the third quarter of 2024, compared to… Read More

October 25, 2024 @ 8:29 am By Omar Faridi  |  

CyberCube, the provider of cyber risk analytics, is announcing a partnership with Miller, which is one of the an independent specialist (re)insurance broker. Miller will reportedly be licensing CyberCube’s Broking Manager and Prep Module, tools that are expected to significantly strengthen the broker’s ability to… Read More

October 21, 2024 @ 3:18 pm By Omar Faridi  |  

Herald, the digital infrastructure provider for commercial insurance, announced a $12 million Series A round co-led by Lightspeed Venture Partners and Brewer Lane Ventures with participation from Afore Capital and Underscore Venture Capital. The proceeds from the funding round will now aim to support Insurtech… Read More

October 18, 2024 @ 5:55 pm By Omar Faridi  |  

Akur8 is announcing its collaboration with the Insurance Company of Prince Edward Island. The Canadian insurer will now be leveraging the RISK as well as the DEMAND modules of Akur8’s pricing platform in order to boost the efficiency of its model development process. This partnership enhances… Read More

October 17, 2024 @ 6:33 pm By Omar Faridi  |  

NEXT Insurance, a tech-first small business insurer, announced a “record 18 months” of product innovations and customized tools focused on improving the insurance agent experience. These advancements are said to include the launch of ACH payments, offering flexible payment options and improved management features, including… Read More