Industry News

Insurity, a front-running supplier of cloud-based software and analytics designed for insurance carriers, brokers, and MGAs, has announced its alliance with GeoX, a global leader in property intelligence.

Poland's premier motor insurer, Warta, and the world's foremost telematics service provider, Cambridge Mobile Telematics (CMT), have joined hands to roll out Warta4U, a connected insurance scheme offering safe driving incentives.

Zurich Insurance Group (Zurich), a global insurance company, has today revealed that it will be entering a strategic partnership with Qover, a Belgium-based InsurTech company.

CAB Payments, a leading player in business-to-business (B2B) money transfers, has entered the public domain, brandishing a valuation of £851m, thereby injecting much-needed dynamism into London's somewhat subdued initial public offering (IPO) markets.

The FinTech landscape is increasingly gravitating towards perpetual know your customer (KYC) protocols. As part of this evolution, the operational pillars are rapidly transforming. Graham Bailey, COO of Quantifind, and Brian Kindle, VP of product development at ACFCS, shed light on this shifting terrain in a new podcast on the foundational elements of perpetual KYC.

As we move deeper into 2023, AI breakthroughs are dominating the global business landscape. The capabilities of generative systems and large language models have gripped the public's attention, with companies across various sectors investing heavily in these AI-centric technologies. However, the success of these investments heavily relies on the quality of data used to train these systems and the in-house expertise of the organisations implementing them.

The constant evolution and intricacy of today's risk environment demand robust financial crime risk management tools. As financial crime threats and risks continuously evolve, an Enterprise-Wide Risk Assessment (EWRA) has become essential for regulated businesses.

Howden, an international insurance broker, has launched its third annual report on cyber insurance titled 'Coming of Age'. The report forecasts the potential for the cyber insurance market to balloon to a hefty $50bn by 2030.

In the increasingly competitive InsurTech market, Qover, a pioneering firm specialising in the orchestration of embedded insurance, stands out as it successfully wraps up a $30m Series C funding round.

Leading InsurTech firm, wefox, and GATE (Green & Advanced Transport Ecosystem), a ground-breaking digital service founded by the Iveco Group, have announced a strategic affinity partnership. This alliance will leverage digital solutions and a pay-per-use formula to shape the future of long-term rentals for electric commercial vehicles.