Lemonade, the insurance company built around artificial intelligence and behavioral economics, announced the signing of a $300 million Series D funding round led by SoftBank Group with participation from Allianz, General Catalyst, GV (formerly known as Google Ventures), OurCrowd, and …
Insurtech advances will soon drive down unacceptably high expense ratios in the inland marine sector, making it possible to insure even hard-to-place, small or one-off inland marine risks at the best possible rates. Carriers and brokers are building Internet-based underwriting …
IA Capital Group, an insurtech-focused venture capital firm, said it has raised $150 million across three funds. The three funds are Inter-Atlantic Stonybrook Insurtech Ventures, focusing on property/casualty insurtech; Inter-Atlantic G Fund, focusing on life/annuity/retirement insurtech; and Inter-Atlantic Ivy, focusing …
Insurtech companies across the globe have created an abundance of innovative solutions and services that span the insurance value chain. However, the challenge for both insurers and insurtechs is how to find the best match. That’s why Hannover Re has …
Emerging markets will remain the growth engine of the global economy and insurance industry over the next decade, reflecting a continuing shift of economic power from west to east, according to Swiss Re Institute’s latest sigma report. Discussing the macro-economic …
Aon plc has partnered with software company Skytek to provide real-time monitoring of insurers’ marine risks, identifying accumulations for enhanced underwriting and reinsurance programs. In an era of mega-ports and ultra-large container ships, re/insurers are highly exposed to risk accumulation …
A blockchain-driven risk and capital exchange for the insurance and reinsurance market is set to be launched in Bermuda later this year by ChainThat. The exchange will allow broker, reinsurance and insurance companies access to the capital markets using blockchain. …
Aon plc is partnering with software company Skytek to provide real-time monitoring of insurers’ marine risks, identifying accumulations for enhanced underwriting and reinsurance programs. In an era of mega-ports and ultra-large container ships, re/insurers are highly exposed to risk accumulation …
Ascot and Beazley announced the launch of a Lloyd’s-based cargo consortium, which uses insurtech solutions to help manage risk and claims performance. Led by Ascot and Beazley, the consortium brings together a range of cargo carriers that will provide a …
Zurich Insurance Group announced that the gold and silver winners for its first global insurtech competition were startups that have developed artificial intelligence-based solutions. Toronto-based Chisel AI was the gold winner for its work in improving the processing of unstructured …
