Tagged: insurance technology

February 5, 2025 @ 10:18 pm By Omar Faridi  |  

Cowbell, a provider of cyber insurance for small and medium-sized enterprises (SMEs) and middle-market businesses, launched a Cowbell Resiliency Services (CRS) unit in response to a rise in the frequency, severity, and diversity of cyber threats as a “complement” to its existing risk management program…. 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 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 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

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 11, 2024 @ 2:41 pm By Omar Faridi  |  

Akur8, the insurance pricing and reserving solution powered by Transparent AI, is pleased to announce its collab with RSM US LLP, which is the provider of assurance, tax and consulting services for the middle market. RSM has reportedly used Akur8’s Reserving solution for a number… Read More

October 2, 2024 @ 3:06 pm By Omar Faridi  |  

Cowbell, a provider of cyber insurance for small and medium-sized enterprises (SMEs) and middle-market businesses, has appointed Denise Pagliarulo, a former AXIS Capital finance veteran and Deloitte alumna, to lead its finance team. According to the update from Insurtech Cowbell, Denise will be responsible for… Read More

September 17, 2024 @ 1:42 pm By Omar Faridi  |  

Akur8, the machine learning-powered insurance pricing and reserving platform, announced that it has secured $120 million in series C funding, bringing its total raised investment to $180 million. This latest funding round was led “by One Peak, a growth equity firm investing in software scale-ups,… Read More

August 29, 2024 @ 9:43 pm By Omar Faridi  |  

The Insurtech 50 is CB Insights’ annual list of the 50 most promising private insurtech companies in the world. This year’s winners are working on everything from AI assistants to embedded insurance. CB Insights has unveiled the third annual Insurtech 50 — a list of… Read More

June 19, 2024 @ 4:34 pm By Omar Faridi  |  

wefox investors have reportedly proposed €25 million capital injection to potentially stop the Ardonagh deal. London-listed Chrysalis Investments is said to be among the shareholders expected to provide €25 million into what was once one of Europe’s largest Insurtech firms, Sky News reported. Two of… Read More

June 1, 2024 @ 10:42 am By Omar Faridi  |  

bolt, the insurtech with the country’s largest technology-enabled insurance exchange, today announced the appointment of Jeff Staley as Head of Sales. Staley will be responsible for leading bolt’s sales efforts “across its core business segments and meeting the company’s growth targets.” Staley brings more than… Read More

April 23, 2024 @ 11:25 am By Omar Faridi  |  

In conjunction with Earth Day, PolicyStreet, a regional insurtech company, collaborates with ERTH, a social enterprise dedicated to the collection and recycling of e-waste, to insure the ERTH Heroes while on the job. The ERTH Heroes, who are gig workers, will “receive complimentary on-the-job personal… Read More

March 29, 2024 @ 9:45 am By Omar Faridi  |  

Integra Insurance and Reinsurance Broking Services is to become the first Turkish broker to roll out CyberCube’s Broking Manager, the cyber risk analytics platform for insurance intermediaries. Integra reportedly holds a key position in the Turkish market “as the leading cyber insurance broker.” It will… Read More

February 25, 2024 @ 5:44 pm By Michael Wong  |  

Insurtech industry player The Digital Insurer (TDI) has partnered with the Singapore College of Insurance (SCI) to introduce the GenAI Explorer Program, an innovative venture designed to usher in a new era for the insurance sector through the application of generative AI technology. This exclusive… Read More

February 21, 2024 @ 9:59 pm By Omar Faridi  |  

Akur8, the insurance pricing solution, is pleased to announce that MGS Seguros has chosen its pricing platform. This new collaboration will empower its actuarial and pricing teams “to build powerful, explainable pricing models and establish a robust predictive modeling framework for its auto and home… Read More

February 13, 2024 @ 8:26 am By Omar Faridi  |  

Shepherd, an insurance provider for commercial construction, announced today it raised a $13.5 million Series A funding round led by Costanoa Ventures with participation from Intact Ventures, Era Ventures, Greenlight Re and Spark Capital. Shepherd combines insurance together “with software to help contractors save on… Read More

February 12, 2024 @ 8:27 am By Omar Faridi  |  

Global Insurtech funding and deals slide to 6-year lows in 2023, according to an update shared by CBInsights. Insurtech startups had a “brutal” 2023, with funding and deals reaching 6-year lows — in line with the broader venture slowdown, the team at CBInsights noted. Nevertheless,… Read More

February 7, 2024 @ 12:08 pm By Omar Faridi  |  

Kin, the digital, direct-to-consumer home insurance company, announced the closing of $15 million in financing from new investor Activate Capital, a growth-stage VC firm focused on the sustainable, resilient transformation of the global economy. Raising at an increased valuation, greater than $1 billion, is an… Read More

February 2, 2024 @ 5:39 pm By Omar Faridi  |  

CyberCube, the enabler of cyber risk analytics for the insurance industry, marked the end of a positive year of strong growth, “surpassing 100 insurance organizations licensing CyberCube solutions.” As the cyber insurance market grows in size and sophistication, analyzing, assessing, and quantifying the impact of… Read More