Company News

Descartes Underwriting, Paris-based parametric-specialised provider of corporate insurance against natural catastrophe and climate risks, has formed a partnership with Reask, a tropical-cyclone risk analytics firm.

ClarionDoor, a Zywave company, has repositioned some of its products to enable insurers, managing general agents (MGAs) and programme administrators to more effectively find solutions.

SoFi Technologies is buying banking-software maker Technisys for approximately $1.1bn, the latest in a string of deals designed to transform the lender into a one-stop financial shop.

There is strong demand from global consumers for more proactive, personalised engagement from carriers, brokers and insurance agents, particularly when claims have occurred, according to research delivered by Duck Creek Technologies.

A recent report by cybersecurity firm Kaspersky found that while the number of mobile malware hacks declined last year, the attacks became more sophisticated.

Canadian cybersecurity firm eSentire has bagged $325m in new financing to push its valuation past $1bn.

Tunisian InsurTech firm Avidea has completed a pre-Series A round raising 2 million dinars ($696k).

A recent report from Alessa by Tier1 Financial Solutions has underlined the key trends to watch out for in AML compliance in 2022.

Nvayo, an electronic money issuer (EMI) serving ultra-high-net-worth and underserved clients, has chosen to use PassFort’s KYC solution for customer onboarding.

Cyber risk management InsurTech KYND has launched a rewind feature, within its KYND ON cyber risk flagship product, which provides instant visibility into an organisation’s cyber risk history.