News – Page 33
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Private investment firm agrees to buy majority stake in Ripe Thinking
The insurtech’s leadership plan to use the investment to bolster business growth, including to branch out internationally
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DAC Beachcroft and insurtech reveal digital tool to speed up liability submissions
The collaboration aims to help insurers ’safeguard against the risk of claims’
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Insurtech investment surpasses $10bn in Q3 – Willis Towers Watson
Willis Re’s global head of insurtech warns that despite the huge amount of investment in the sector, this is only landing ’on the doorstops of the few’
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Top UK insurtechs revealed
First placing insurtech says it is a ‘great achievement’ to top the rankings
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Six insurance associations sign open letter to MP ahead of Autumn Budget
The letter argues that the funding proposed is ’extremely important’ in continuing the trend of the UK being a leader in insurance innovation
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CFC secures significant investment from two private equity firms
The firm has grown its employee count over the past three years, establishing a global footprint with more than 500 staff located across the UK, US, Europe and Australia
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Percayso’s new no code solution gives insurers control over data enrichment
The new product will allow insurers to make changes to data easily
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Guy Carpenter establishes insurtech centre of excellence
The broker will also expand its relationship with financial technology analyst firm Celent
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Uinsure launches new insurance division for non-standard and commercial referrals
The firm’s mission is to ‘remove insurance complexity and deliver fair value in a digital age’, says chief commercial officer
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HB Underwriting partners with insurtech to launch tenants’ contents product
The cover aims to close the insurance accessibility gap for social and affordable housing tenants
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BrokerFest 2021: Businesses struggling to keep pace with hardening cyber market
With ransomware and cyber threats constantly evolving, CyberCube’s chief growth officer discusses what brokers can do to help clients in a hard market
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BrokerFest 2021: Parametric insurance provides efficiency and business resiliency – FloodFlash
The ‘most exciting’ development in parametric insurance is its use in non-damage business interruption, says broker success manager
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Insurtech reveals new RSA-backed tradespeople insurance product
The product caters to the UK’s tradespeople market, aiming to reduce administration times and speed up claims
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Ticker hits senior leadership gender diversity milestone
The insurtech is now working towards a 50:50 split of male and female staff overall
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Backchat October 2021
Abseiling off risky heights, saying goodbye to an industry veteran and more insurtech babies - what has the industry been up this month? You heard it here first…
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Neo-insurer Getsafe secures multimillion pound cash injection
The money will help expand the business, to reach more millennial buyers and fund its own insurance licence
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Marshmallow bolsters senior team as part of culture strategy
The insurtech is entering a new phase of growth after recently gaining unicorn status
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Insurtech UK inks deal with Gibraltar Finance to strengthen members’ regulatory access
In the UK, there has been a trend for insurtechs applying to Gibraltar for broking licences
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A third of millennials say Covid claims service has boosted their faith in insurance
More than half of the UK adults polled by Getsafe believe that insurance in the UK is fit for purpose
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Cover Genius secures $100m in funding to expand embedded insurance platform
The insurtech’s co-founder and chief executive says the investment will help it expand its ’capabilities into markets equipped for new lines of distribution’