Industry News

Youi, a prominent Australian insurance company under the Outsurance Group umbrella, has decided not to renew its aggregate reinsurance for the 2024 financial year, due to the current hard market conditions.

The Competition and Markets Authority (CMA) recently updated its stance on AI Foundation Models (FMs), signalling heightened regulatory scrutiny over market dynamics that could hinder competition.

Tabby, a leading shopping and financial services app in the MENA region, has achieved a significant financial milestone. 

finova, a cloud-based mortgages and savings software provider, has launched a new product switch functionality within its cloud-first origination platform, Apprivo2.

Modives, an InsurTech start-up, is aiming to improve the arduous process of insurance verification for property managers and auto dealers.

Encompass has released a whitepaper that details how banks can accelerate digital transformation by moving towards pKYC

Novata, a platform and public benefit corporation that provides private markets with an ESG solution, has scored $30m in a Series B raise.

Vesti, a migration FinTech backed by Techstars, marked its latest strategic expansion with a notable launch in the United Kingdom.

Strategic priorities in the global insurance sector are shifting as firms increase their focus on operational resilience, according to new research from AutoRek.

Latin America boasts a sophisticated investor base. In terms of AUM value, the region is expected to grow from $1.18trn in 2024 to $1.32trn.