Category : Insurtech (Insure Tech)

P&C focused InsurTech service provider, Combined Ratio Solutions launches

A new InsurTech service provider focused on the property and casualty (P&C) industry has been launched by industry veterans Luke Magnan and Michael Jones, called Combined Ratio Solutions. Based in Hartford, Connecticut, Combined Ratio, an InsurTe...

Mario Vitale appointed President of cyber analytics InsurTech, Arceo.ai

Provider of risk analytics for the cyber insurance and reinsurance market, Arceo.ai, has named Mario Vitale as its President, effective September 3rd, 2019. As President of Arceo, which is a newly created position, Vitale will bring his extensive ins...

Blog: The future of commercial broking

Sharon Bishop, Close Brothers Premium Finance CEO, explores the findings of the CBPF/Insurance Age Survey for commercial brokers.

Insurtech data provider NeuralMetrics announces launch

NeuralMetrics, an insurtech data provider that uses natural language processing (NLP) technologies to power a real-time data engine for commercial lines general and P&C re/insurers, has announced its official launch. The company is headquartered...

Auto insurtech Root raises $350m, hits $3.6bn valuation

Auto insurtech Root Insurance has raised $350 million in a Series E funding round led by DST Global and Coatue, raising the firm’s total value to $3.65 billion. The funding brings the total amount secured to $523 million, with an additional $100 mill...

AXA XL, insurtech Neptune Flood strike underwriting partnership

Global re/insurer AXA XL has partnered with Neptune Flood, an all-digital flood platform that leverages data analytics to provide agents and direct buyers the ability to rapidly quote and bind a policy. It’s hoped the underwriting partnership will ex...

Digital success requires both tech partnerships & internal agendas: GC’s Steven Jones

Success in the increasingly digitalised re/insurance industry will require companies to focus equally on collaboration with insurtech firms and on improving internal transformation agendas, according to Steven Jones, Global InsurTech Client Services...

Beazley to leverage Guidewire’s Cyence analytics solution

Specialist insurer Beazley has selected Guidewire Software’s Cyence product to help improve underwriting, capital and pricing efficiencies. Cyence offers a data listening and risk analytics solution that combines curation of external data with machin...

Gallagher takes chief information officer from JLT

Brent Kruger will replace Steve O'Donnell, who left the business in August.

InsurTech UK welcomes 17 new members

InsurTech Futures: Addition of Aon and Digital Partners has helped the trade body grow to 86 members.

Munich Re announces new risk analysis services for wildfire & hurricane

Munich Re has announced two new risk analysis and claims settlement services for wildfire and hurricanes, which aim to accelerate indemnification for policyholders. The reinsurer’s Wildfire Risk Score will support clients in evaluating wildfire risks...

Aon to introduce auction capability for 1/1 renewals

Global re/insurance brokerage Aon is set to implement an auction capability for the January 1 renewals, as the company looks to leverage new technology in order to speed up the process of pricing negotiations and contract certainty. Aon says the tech...

Prudential set to acquire insurtech Assurance IQ

US insurance and investment firm Prudential Financial has agreed to acquire Assurance IQ, an insurtech firm that matches buyers with customised insurance solutions. The transaction includes a total upfront consideration of $2.35 billion, plus an addi...

AIG to back new media finance vehicle by fintech firm FastPay

Global insurer American International Group (AIG) is to provide funding and trade insurance for a new receivables securitisation program launched by financial technology firm FastPay. The program will offer significant capital to the media and techno...

Tremor reaches $1bn of reinsurance quotes, adds new investors

Tremor Technologies, the programmatic risk transfer platform, has passed $1 billion of total reinsurance quotes and lines bound of nearly $500 million, and has announced $10 million in financing from new investors. The company has now completed six r...