Commercial/Enterprise Insurance

Amsterdam-based InsurTech firm, Insify, has successfully sealed its Series A funding round by amassing an additional $10.7m.

Chaucer, a global specialty insurance group, has reported a surge in demand for insurance against cartel-related violence, especially in the LATAM region.

Turkish President Recep Tayyip Erdogan and Greek Prime Minister Kyriakos Mitsotakis have joined forces in an agreement aimed at broadening their connections across various industries, notably within the reinsurance sector. 

Generative AI (GenAI) is fundamentally reshaping the insurance landscape, sparking innovation and driving customer-centric solutions. As the industry adapts to rapid technological advancements, the solution has emerged as a catalyst for change, revolutionising various aspects of insurance operations.

 Commodities AI (ChAI), which is insuring commodities price risk, has closed its seed round as it expands into new markets.

MyCover.ai, an innovative Nigerian start-up, is making waves in the African insurance market. The company provides an open insurance API, allowing businesses to seamlessly integrate insurance into their existing products and services.

iA Financial Corporation is set to acquire Vericity in a significant all-cash transaction valued at approximately $170m.

blip, an InsurTech startup, has launched into the UK market, introducing affordable business insurance tailored for small enterprises.

Woodruff Sawyer, a US insurance broker, is expanding its East Coast presence with the addition of six members formerly with Acrisure’s Construction and Commercial Risk Practice.

Beazley, a specialist insurer, has partnered with Assureful to offer a usage-based liability insurance solution for e-commerce companies.