bolttech buys majority stake in Indonesian insurance broker
Singapore-based insurance technology firm bolttech has acquired a majority stake in Axle Asia for an undisclosed sum. Axle Asia is an Indonesian…
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Definity buys majority stake in McDougall for $160m
Canadian property and casualty insurer Definity Financial (Definity) has acquired a majority stake in McDougall Insurance for a cash consideration of C$217m…
SMEs know they face greater cyber risk than ever, but many remain uninsured
High-profile cyberattacks continue as GlobalData figures show that UK SMEs continue to believe they are facing a higher risk than…
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Poland’s PZU partners Upptec to digitise contents claims
Polish insurer PZU has struck an agreement with Swedish insurtech company Upptec for digitising its contents claims. Under the agreement,…
UK insurtech raises millions in latest funding round despite investment into the sector drying up
UK-based insurtech Stubben Edge Group has secured an additional £5.6m in investment despite GlobalData findings showing that total investment into…
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Pie aims to turn full-stack insurer with $315m funding
Pie Insurance, an insurtech focused on small businesses, has raked in $315m via a Series D funding round, nearly doubling…
Insurtech PolicyMe eyes more offerings with $13.52m funding
Canadian digital life insurance solution PolicyMe has secured $13.52m (C$18m) in equity and debt funding in a Series A round,…
Insurtech Federato eyes expansion after $15m raise
Federato, a US-based provider of a “RiskOps” platform for property & casualty and specialty insurance, has secured $15m in a…