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Zurich collaborates with Australian EV brand SEA Electric
Zurich Financial Services Australia (Zurich) has teamed up with SEA Electric, a zero-emissions truck manufacturer, to offer risk engineering and resilience services.…
Pendella teams up with VensureHR on life insurance
US-based individual life and disability insurtech Pendella Technologies has forged an alliance with Vensure Employer Services. Under the collaboration, Pendella will offer…
Home insurance firm Kin tops up Series D with another $15m raise
US-based direct-to-consumer (D2C) home insurance company Kin has garnered an additional $15m as part of its Series D funding round. Geodesic Capital,…
Amazon plans to scale up its home insurance after poor early sales figures
Amazon announced its launch into the UK home insurance market as a price comparison website (PCW) back in October 2022.…
Direct Line’s outdated distribution model may be holding it back in the digital era
Direct Line’s reliance on the phone method of insurance distribution may be alienating it from younger consumers. The insurer recorded…
IndiaFirst Life Insurance secures SEBI nod to launch IPO
IndiaFirst Life Insurance company has secured the green light from capital markets regulator Securities and Exchange Board of India (SEBI)…
First Indemnity joins hands with Attorney Risk Management
US-based specialty insurance agency First Indemnity, which focuses on professional liability products for lawyers and law firms, has teamed up with…
EPIC Insurance launches new entity to expand financial services business
US-based EPIC Insurance Brokers & Consultants is expanding its financial services business by launching a new entity. Called the Insurance Capital Solutions…
NSM buys three medical stop-loss and managed care insurers
US-based speciality insurance provider NSM Insurance Group has acquired three subsidiaries of ELMC Risk Solutions from private investment firm JC…
World Bank provides $630m in earthquake insurance cover to Chile
The Chilean government has reached a $630m catastrophe bond and swap deal with World Bank unit International Bank for Reconstruction…
CompScience signs deal to offer workers’ compensation insurance
CompScience Insurance Services has signed a new managing general agent (MGA) agreement with US-based insurer Nationwide and Swiss Re. The…
Accenture to buy financial services consultant Optimind
IT services provider Accenture has announced plans to buy Optimind to bolster its financial services, insurance, and compliance risk management capabilities. France-based Optimind is…
Sanlam eyes accelerated growth with Allianz deal
Insurance company Sanlam is looking to hasten the growth of its African business via its joint venture partnership with Allianz, reported Business Daily Africa. …
Auto insurtech Fairmatic lands $46m investment
Fairmatic, which uses AI to create risk profiles of commercial fleets, has secured $46m in a Series B funding…
Otonomi taps Greenlight Re Innovations to launch parametric cargo insurance platform
US-based blockchain-powered insurtech Otonomi has teamed up with Greenlight Re Innovations (GRI) to launch a platform for parametric cargo insurance. Under…
Denmark’s Topdanmark to buy Oona Health for $321m
Danish insurance firm Topdanmark Forsikring has signed a deal to buy Oona Health and all its subsidiaries in a deal valued at DKK2.25bn ($321.25m). …
Aviva UK taps Majesco again for insurance technology
Insurance company Aviva UK has renewed its partnership with cloud insurance platform software provider Majesco to enhance its underwriting profitability and risk mitigation capabilities.…
Monitaur looks to support AI governance in insurance with latest raise
US-based software start-up Monitaur has raised $4.6m to advance artificial intelligence (AI) governance for the insurance sector. Cultivation Capital, a…
Intangic MGA rolls out AXA XL-backed parametric cyber insurance in UK
Intangic MGA, cyber insurance managing general agent (MGA), has launched a new parametric cyber insurance cover in the UK. Called CyFi, the…
Cover Genius continues midsized e-commerce move with Clyde purchase
Insurtech company Cover Genius has bought the assets of US-headquartered embedded warranty provider Clyde Technologies. Financial terms of the…
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