Industry News

Kingstone Insurance Company has gone live with Insurity’s artificial intelligence-powered Sure AI Assistant to modernise the claims process.

 Genesis, a cryptocurrency brokerage, is reportedly set to receive a $140m equity infusion from its parent company, Digital Currency Group, to support its balance sheet.

 The global spend for OTT (over-the-top) based conversational commerce is expected to rise from $13.3bn in 2022 to $25.1bn in 2023, according to a report from Juniper Research.

Countries around the world were represented in this week’s 29 FinTech deals, which raised a combined total of $853m is raised.

The majority of organisations see the digital sophistication of their KYC approach as mediocre or poor, according to new research from Moody’s Analytics.

Experts from InsurTech Tractable explore the role of AI in responding to and preventing natural disasters, as well as the importance of empathy in customer communication.

As COP27 takes place, it is a reminder of how interweaved ESG will be in the future of the financial marketplace. KYND, a cyber risk technology developer, has released a report exploring the unsung hero of ESG – cyber risk.

Quona Capital, an emerging markets venture capital firm, has closed its Fund III at $332m, which it plans to use to fund financial inclusion in emerging markets.

SageSure, a provider of catastrophe-exposed property insurance, has partnered with Goosehead, an independent personal lines insurance agency, to launch an insurance carrier for protect homeowners in coastal states.

Rhino, a real estate technology company and “pioneer of security deposit insurance”, has partnered with insurance carriers and reinsurers Ally Insurance, ReAlign and Clear Blue Insurance Group.