Category : Insurtech (Insure Tech)

Brokers “front and centre” for Hiscox, says Dye on one-year anniversary

Celebrating his first year as UK CEO of Hiscox, Jon Dye tells Insurance Age about the central role of brokers in the insurer’s growth strategy across its new operating model in high net worth, beefed up regional structure and schemes ambitions.

Arkel Underwriting targets landlord growth with Applied expansion

Arkel Underwriting has rolled out its landlord product, Premier Let, on Applied Systems in its second partnership with the software provider in a matter of months.

MAS Unveils List of ‘Too-Big-to-Fail’ Insurers, May Face Higher Cap Requirements

The Monetary Authority of Singapore (MAS) will be imposing higher capital requirements on domestic systemically important insurers (D-SIIs) as part of its efforts to strengthen the resilience of the financial sector. In a D-SII framework that will co...

Baoba Insurtech partners with Continental Assist for parametric solutions in LATAM

Baoba Insurtech, and Continental Assist, a North America-based travel assistance company, have announced a strategic partnership that aims to promote and expand parametric insurance solutions in the Latin American market. The insurtech is a comprehen...

People Moves: 18 – 22 September 2023

Keep up to date with the latest personnel moves in insurance.

Planck launches first GenAI-enhanced underwriting workbench

Planck, global insurtech platform for commercial insurance, has launched the first generative artificial intelligence (GenAI) enhanced underwriting workbench known as Planck PLUS. Planck PLUS is both a strategic toolkit and a trusted co-pilot that le...

Ripe Thinking notches up first buy with boat insurance specialist

Insurtech broker Ripe has completed its first acquisition by snapping up specialist boat insurance provider, Craftinsure.

Blog: Market challenges make it the ideal time for brokers to digitise

Far from being a risk, digitisation is the best protection brokers can invest in to reduce the impact of market uncertainty. And Risto Rossar, CEO and founder of Insly, argues the timing could not be better given ongoing challenges from recruitment t...

bolttech Extends Series B with US$50M from LeapFrog Investments

Insurtech company bolttech announced that it has raised US$50 million from LeapFrog Investments, an impact investment firm. This investment is an extension of bolttech’s Series B funding round, which now totals US$246 million. bolttech said tha...

Majority of brokers using AI on a daily basis – RSA survey

Four in five brokers are already using artificial intelligence on a daily basis – and almost half see the potential benefits, but are also aware of the challenges it poses.

Singtel Launches Flexible Home Insurance Plan with Great Eastern

Singaporean telecom conglomerate Singtel has partnered with Great Eastern to launch a flexible home and contents insurance plan. Customers need to be an existing Singtel broadband subscriber to qualify for the plan. The Singtel Home Protect Flexi is...

Sumitomo Life to Acquire Aviva’s Stake in Singlife for S$1.4 Billion

British insurance company Aviva plc has agreed to sell its 25.9% stake in financial services company Singapore Life Holdings (Singlife) to Sumitomo Life Insurance Company in a cash deal worth S$ 1.4 billion. The transaction is expected to close in Q4...

Igloo Names John Chen as Country Manager for Thailand

Regional insurtech Igloo has named John Chen as its Country Manager for Thailand with the aim to strengthen its presence in that market. Chen will be responsible for strengthening Igloo’s presence in Thailand by growing the business, establishi...

AI-insurtech DGTAL secures funding of €3 million

DGTAL, a Software-as-a-Service (SaaS) platform providing artificial intelligence (AI) powered audit and tools for insurance portfolios, has secured strategic funding of €3m to facilitate the scaling of its pathbreaking technology. 1750 Ventures, the...

Dozen insurtechs to join Lloyd’s Lab new Asia Pacific climate, cyber and sustainability cohort

Re/insurance marketplace Lloyd’s has announced the 12 insurtech firms set to join the 11th cohort of its innovation hub, the Lloyd’s Lab, which will focus on climate, cyber and sustainability in Asia Pacific. The new theme introduced this year will f...