Industry News

Simply Business, a Boston-based digital insurance company focused on small businesses, is to offer several of its commercial insurance solutions through AmSuisse.

Toku, a platform seeking to revolutionise the way firms collect payments in Latin America, has scored $7m in a seed funding round.

Admiral, a car insurance provider in the UK, has extended its partnership with Cambridge Mobile Telematics (CMT), to launch LittleBox Pod, a new telematics offering that can lower insurance prices for drivers of all ages.

Swiss Re has reported that natural disasters resulted global economic losses of $275bn in 2022, of which $125 billion were covered by insurance, reaffirming a trend of 5-7% annual increases.

Focalpay, a commerce platform merging payment and retail functionalities, has bagged SEK15m in an investment round.

Chubb has unveiled new underwriting criteria for oil and gas extraction projects that will require clients to reduce methane emissions, a byproduct of oil and gas production that are among the most severe greenhouse gases.

XM Cyber, a leader in hybrid cloud security, has acquired cyberattack detection and response company Confluera for an undisclosed fee.

BitKeep, a decentralised multi-chain wallet, has secured $30m in investment from crypto copy trading platform Bitget.

IntegrityNext, a firm with a mission to make supply chains more sustainable with better ESG compliance and oversight, has bagged €100m.

JP Morgan has entered into a definitive agreement to acquire Aumni, a provider of investment analytics software to the venture capital space.