Category : Insurtech (Insure Tech)

Riskbook secures £2mn in new funding

Reinsurance technology provider Riskbook has received a £2 million investment to help further develop its Lloyd’s-recognised digital placement platform. RiskBook was approved by Lloyd’s of London as a recognised electronic placement system for open m...

AM Best lifts Spinnaker from review following Hippo acquisition

AM Best has removed from under review with developing implications and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Spinnaker Insurance Company. The outlook assigned to these Credit Rating...

AXA XL launches IoT solution to monitor building health

AXA XL, the property & casualty and specialty risk division of AXA, is accelerating the scaling of its new Digital Risk Engineer proposition designed to allow a company to monitor the “health” of its buildings and assets. Digital Risk Engineer wi...

AmTrust joins Verafore’s Commercial Submissions platform

AmTrust Financial has announced that it has joined Verafore’s Commercial Submissions platform, a platform that has been designed to transform commercial insurance. Verafore is undertaking a task to improve market connectivity across the insurance dis...

Aon releases new platform for catastrophe data

Re/insurance broker Aon plc has announced the release of a platform that will enable re/insurers to convert their catastrophe data into the Open Exposure Data format. Aon says the format will enable more vendor model choice and enable broader risk m...

Blog: Making data enrichment accessible for smaller brokers

Richard Tomlinson, MD of Percayso Inform, discusses how smaller brokers can approach data enrichment and analytics to achieve their objectives.

Parametric insurtech FloodFlash targets bigger risks with new launch

Insurtech FloodFlash has launched a new iteration of its parametric commercial flood insurance designed to support risks and portfolios where the flood premium is between £20,000 and £1m annually.

Munich Re, Alphabet-backed insurtech Next secures $250mn in funding

Next Insurance, the digital insurtech firm backed by Munich Re, has raised $250 million in a Series D financing round led by Alphabet’s independent growth fund, CapitalG. Alphabet is the parent company of Google and several former Google subsid...

Riskbook selects r10 as global implementation, integration partner

Reinsurance placement technology provider Riskbook is entering into a strategic partnership with r10 Consulting. Moving forward, r10 will be the preferred global implementation and integration partner for the Riskbook platform. The collaboration will...

Insurtech FloodFlash launches expanded parametric product

Insurtech FloodFlash has launched the newest iteration of its commercial parametric flood insurance, FloodFlash+. FloodFlash+ sees policies underwritten by a panel of insurers and reinsurers and allows clients to select multiple sensors for a single...

Guy Carpenter partners with insurtech RiskGenius on silent cyber risk

Guy Carpenter, the reinsurance arm of global broker Marsh, has established a partnership with insurtech RiskGenius to help evaluate potential silent cyber exposure. The partnership will provide clients with a means of assessing their silent cyber exp...

Phinsys launches Inform, a new finance data dashboard

Finance automation software provider Phinsys has announced the launch of Inform, a new finance data dashboard designed to allow insurers to aggregate their finance data and optimise it for accurate reporting and analysis. Phinsys says the dashboard e...

Munich Re leads financing round for Indian insurtech startup

It has been announced that Munich Re has led the financing round for an Indian insurtech startup, Acko. The startup, which is taking on India’s outdated insurance industry with a digital-first product that has already received backing from Amazon, to...

Blog: Why brokers must use data to understand post-pandemic risk

Jeffrey Skelton of Lexis Nexis highlights the importance of digital, data and connectivity as brokers navigate a world with coronavirus.

B3i announces major enhancements to reinsurance solution

The Blockchain Insurance Industry Initiative (B3i) has released several major enhancements to its reinsurance solution B3i Re. Formerly the Cat XoL placement product, B3i Re includes significant technical accounting functionality and a number of feat...