Industry News

According to Extreme Event Solutions at Verisk, economic losses for the earthquakes in Turkey will exceed $20bn and industry insured losses will exceed $1bn.

Sandbox Banking, a FinTech building a low-code integration platform for banking, has raised $4.3m in seed funding.

WeSure Digital Insurance Services, the US Managing General Agency (MGA) subsidiary of the international publicly traded insurance and technology group WeSure Global Tech, has launched its fully digital insurance offering in the US.

ACA Group, a governance, risk and compliance advisory and technology firm, has opened a new office in Pune, India.

Zscaler, a cloud security vendor, has announced plans to acquire early-stage startup Canonic Security to expand its services into supply chain security.

Arizona will no longer investigate banks and other financial institutions over ESG investing practices, according to the state’s new Attorney General Kris Mayes.

Adrienne Arsht-Rockefeller Foundation Resilience Center (Arsht-Rock) has partnered with the Self Employed Women’s Association (SEWA) and Blue Marble to provide a parametric insurance product to protect women workers in the informal sector.

Curacel, an infrastructure provider operating across Africa, has raised $3m in seed funding to power the next generation of insurance experience in Africa.

BNP Paribas Cardif is partnering with Lemonade, a digital insurance company that leverages AI technology, to offer renter insurance.

Proycon, a privilege access management platform built for multi-cloud environments, has landed $6.5m in an equity financing round.