Tagged: insurance

Insurers Reportedly Boost Private Assets Allocations as Capital Increases : Ortec Finance

A new global study from Ortec Finance among insurance investment managers shows an increased appetite for private assets on the back of an expected rise in capital to invest in the year ahead. More than three quarters of insurers and insurance asset managers say an… Read More

Insurtech Akur8 Selected By Indiana Farm Bureau Insurance to Build Pricing Models

Akur8, the insurance pricing and reserving solution powered by transparent machine learning, is announcing that Indiana Farm Bureau Insurance, a provider of property and casualty insurance in Indiana, has chosen Akur8’s Core Platform to accelerate “model development and build transparent, explainable pricing models.” Developed for… Read More

Insurtech Kin Introduces Customized Home Insurance in Colorado

Kin, the direct-to-consumer, digital home insurance provider, today announced its expansion into Colorado. Kin brings Colorado homeowners a new home insurance option that combines technology and data with personalized service to deliver accessible, affordable protection. This growth into the Colorado market furthers Kin’s mission to… Read More

SmartStream Brings AI-enhanced Data Management to Insurance Sector

SmartStream, the financial Transaction Lifecycle Management (TLM) and solutions provider, has announced the expansion of its AI-driven reconciliation and data management platform, SmartStream Air, into the insurance sector. This move aims to help insurers “tackle fragmented data challenges, reduce operational costs, and strengthen compliance through… Read More

PremFina Announces £350M in Funding to Drive £1.9B in Insurance Premium Finance Growth

In a significant move for the UK’s insurtech sector, PremFina, a provider of insurance premium finance, has finalized a £350 million private securitisation facility with backing from global financial giants HSBC and Waterfall Asset Management. This milestone, advised by SpecFin Capital, positions the London-based fintech… Read More

Allianz SE Explores Strategic Acquisition of Capital Four to Bolster Private Credit Portfolio

Allianz SE, one of the world’s insurance and financial services giants, is reportedly in preliminary discussions to acquire Capital Four, a Copenhagen-based credit management firm specializing in European markets. This potential move aligns with Allianz’s broader strategy to expand its footprint in the private credit… Read More

Accenture Invests in Reserv to Enhance Insurance Claims Processes

Accenture (NYSE: ACN) has invested, through Accenture Ventures, in Reserv, an insurance claims processing company that complements deep claims expertise with innovative AI-driven solutions. The investment will also enable the two companies to collaborate on solutions that increase “accuracy and efficiency throughout the claims ecosystem,… Read More

Insurtech Akur8 Platform Adopted by Frank Winston Crum Insurance to Enhance Risk Modeling

Akur8, the insurance pricing and reserving solution, is pleased to announce that Frank Winston Crum Insurance has selected Akur8’s core platform solution to provide them with model development, explainable insights, and accurate financial impact forecasting for pricing and reserving processes. For over 20 years, Frank… Read More

SingWealth Secures Insurance Brokerage Licence in Hong Kong

SingWealth Holdings has acquired an insurance brokerage license in the Hong Kong Special Administrative Region, reinforcing its presence in North Asia and expanding its footprint beyond Singapore. The move represents a major step in the company’s strategy to deliver cross-border financial services and deepen its role in… Read More

OP Financial Group and Accenture to Enhance OP’s Insurance Business

OP Financial Group, the largest banking group of Finland, and Accenture (NYSE: ACN) have expanded their existing partnership to modernize OP’s non-life insurance business division, Pohjola Insurance. The collaboration builds on the firms’ work together in the banking sector and will “transform OP’s insurance business… Read More

Insurtech bolttech Teams Up with Sumitomo Corporation

Global insurtech bolttech announced its partnership with Sumitomo Corporation, one of Japan’s largest trading houses. The two companies will enter a joint venture to “deliver technology-enabled embedded solutions to distribution partners” across a number of markets in Asia. The technology-enabled embedded solutions will enable distribution partners… Read More

European Insurtech wefox to Sell Italian Business Entities as Part of Restructuring Process

wefox has agreed to sell 100% of the shares in its Italian companies wefox MGA S.r.l. and wefox Services Italy S.r.l., which focus mainly on affinity distribution with an emphasis on motor insurance, to funds managed by J.C. Flowers & Co., a global private investment… Read More

Insurtech Bestow Announces $120M Funding Round to Enhance Insurance Infrastructure Transformation

Bestow has announced a $120 million Series D funding round, which was led by Goldman Sachs and Smith Point Capital. Bestow’s mission has been to increase “financial stability” for consumers. The company aims to make life insurance “more accessible to millions of families at a… Read More

eToro Introduces a PER and Life Insurance Offer in France

eToro, the trading and investing platform, announces a partnership with Generali, a key player in the French life insurance market, to offer its users in France a life insurance contract and a PER (Plan d’Épargne Retraite) to its users in France. The announcement follows the… Read More

Insurance in the AI Era: How Relm Addresses Web3, Crypto and More

As new impactful technologies emerge, insurance providers grapple with pricing risk properly. Effective solutions are developed by looking at relevant regulations and comparable industries. Providers must also develop a nuanced understanding of the technology. Alternative Intelligence (AI) has insurers considering all of the above, and… Read More

Insurtech Akur8 Selected by Vietnam’s PTI to Enhance Insurance Pricing Strategy

Akur8, the pricing and reserving Platform, is pleased to announce a collaboration with Post Telecommunication Joint Stock Insurance Corporation (PTI), a non-life insurer in Vietnam. PTI will leverage Akur8 Pricing platform to “strengthen its actuarial capabilities and deliver both fair and competitive insurance pricing in… Read More

Experian Marketplace Portfolio Now Includes Root Insurance

Experian announced the expansion of its Experian Marketplace portfolio with the addition of Root Insurance, a technology company powering insurance solutions. This partnership gives consumers another carrier option “for affordable and personalized car insurance with a streamlined shopping experience.” Consumers who choose Root Insurance will… Read More

Dream Payments Launches NA Insurance Payment Hub

Dream Payments has launched the DreamPay Insurance Payment Hub — a two-way insurance payment network operating across North America, leveraging J.P. Morgan Payments’ capabilities. Insurers can accept premiums from policyholders in both the U.S. and Canada, and issue claims payments to individuals and businesses of every size, using digital… Read More

Luma Financial Technologies Announces Closing of $63M Series C Round

Luma Financial Technologies, a global firm focused on structured products and insurance solutions, announced that it has closed a $63 million Series C financing led by Sixth Street Growth, the growth investing business of leading global investment firm Sixth Street. Existing investors including Bank of… Read More

Digital Assets Risk Management Firm OneInfinity by OneDegree Partners with Blockchain Security Platform SlowMist

OneInfinity by OneDegree, a provider of digital asset insurance and risk management solutions, is pleased to announce a partnership with SlowMist, the blockchain security firm. This collab marks a step forward in strengthening the security and resilience of the Web3 ecosystem. Through this alliance, OneInfinity… Read More

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