Industry News

cloud-native-insurance-platform-novidea-experiences-strong-growth-in-2022

Cloud-native insurance platform Novidea experienced strong growth in 2022

Novidea, a creator of the data-driven, cloud-native insurance platform that enables brokers, agents, and MGAs to reduce costs and drive growth across the distribution lifecycle, has achieved significant growth milestones in 2022.
MagMutual-insurance-acquired-mdadvantage-insurance-company

MagMutual Insurance acquires MDAdvantage Insurance

MagMutual Insurance Company, a provider of medical professional liability insurance, has completed its acquisition of MDAdvantage Insurance Company of New Jersey.
Exterro

GRC platform Exterro snaps up Zapproved

Exterro, a leading provider of GRC software, has acquired Zapproved, a provider of e-discovery software known for its strong customer outcomes.
Second Century Ventures inaugurates revolutionary REACH LATAM Cohort

Second Century Ventures inaugurates revolutionary REACH LATAM Cohort

Second Century Ventures, the strategic investment sector of the influential National Association of Realtors, has today unveiled its pioneering REACH Latin America (LATAM) cohort.
pathpoint-launches-streamlined-platform-to-save-agents-time

Pathpoint launches streamlined platform to save agents time

Pathpoint, a digital, modern wholesaler where insurance agents can get bindable small commercial E&S quotes in minutes, has launched PathPay, a new, streamlined platform.
How digitalisation can make insurance firms resilient in an inflation-hit economy

How digitalisation can make insurance firms resilient in an inflation-hit economy

Inflation, a pervasive economic phenomenon, is extending its grip across all sectors, including the insurance industry. A projection indicates that the surge in prices...

Arbour National to catalyse growth for Southern Trust Insurance with strategic partnership

In a significant industry development, Southern Trust Insurance, a reputed insurance provider with a stronghold across the Southeast for more than half a century, and Arbour National, a specialist in long-term ownership of niche Property & Casualty insurance companies, have inked a definitive agreement for a partnership.
vendor

Why leveraging vendor management best practices are key for risk and resilience

ViClarity recently explained why the leveraging of vendor management practices can provide key benefits around risk and resilience. 
Pie-insurance-completes-transition-to-full-stack-carrier

Pie Insurance completes transition to full-stack carrier

Pie Insurance, tech-enabled provider of workers' compensation insurance to small businesses, has completed its transition to a rated, full-stack carrier.
Memcyco

Memcyco bags $10m seed round to tackle brandjacking

Memcyco, a platform specialising in real-time website impersonation detection and prevention, has closed its seed round on $10m.

News Stories

Strong week in the FinTech sector with $1.7bn raised

FinTech Global this week reported on 21 recorded deals in the FinTech sector, with a strong showing in the reinsurance space bringing the total value recorded over $1bn.

EU regulator suggests revamp in sustainable investment rules

The ESMA has recently recommended a significant overhaul of the Sustainable Finance Disclosure Regulation (SFDR) within the EU.
MNT-Halan, Egypt’s largest non-bank financial institution and FinTech, has acquired Tam Finans, a prominent commercial finance company in Turkey.

MNT-Halan expands into Turkey with acquisition of Tam Finans

MNT-Halan, Egypt’s largest non-bank financial institution and FinTech, has acquired Tam Finans, a prominent commercial finance company in Turkey.

EU banks and insurers lag in green compliance, PwC study finds

A recent PwC study has uncovered a striking deficiency in the alignment of financial institutions’ activities with the EU's taxonomy for sustainable activities. According...
India

India’s new climate finance taxonomy to propel green transition

India is poised to implement a climate finance taxonomy, as announced by the Minister of Finance, Nirmala Sitharaman, during the annual budget.

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