InsurTech Laka pedals ahead with $8m funding and strategic acquisition
The firm recently announced a successful funding round amounting to €7.6m ($8m). Leading the investment was the French mobility fund, Shift4Good.
KYND’s cyber risk expertise powers Nirvana’s underwriting transformation
KYND and Nirvana, two trailblazing names in their respective fields, have joined forces to revolutionise cyber underwriting. KYND stands out as a provider of advanced cyber...
TSB and Superscript join forces to enhance small business insurance offerings
TSB, a renowned high-street bank, and Superscript, an emerging InsurTech scale-up, have formed a strategic partnership to cater to small business banking customers with advanced, flexible business insurance.
Why Fortegra’s Joe Lettween believes the InsurTech sector still has room to grow
The InsurTech sector for commercial insurance carriers has not evolved as quickly as expected, according to Joe Lettween, chief innovation, data science, and technology...
Scription pivots from hourly repairs to insured subscriptions with fresh $2.5m funding
Scription, an "Alberta-based InsurTech company", has successfully wrapped up its recent funding round, pulling in a substantial $2.5m.
Radian closes $353m mortgage insurance-linked notes transaction
Radian has bagged $353m in fully collateralised excess of loss reinsurance coverage through a transaction with Eagle Re 2023-1 Ltd.
iA Financial expands U.S. presence with $170m Vericity acquisition
iA Financial Corporation is set to acquire Vericity in a significant all-cash transaction valued at approximately $170m.
Skyward Specialty & eMaxx expand captives partnership
Skyward Specialty Insurance Group, Inc., a leading player in the specialty P&C market, and eMaxx, a tech-enabled specialty provider of commercial P&C insurance captive solutions and programs, have come together to expand their captives partnership.
Tryg announces strategic restructuring and leadership changes
Scandinavian insurance giant Tryg has unveiled a series of strategic and structural modifications, including the consolidation of two key business lines and a significant workforce reduction.
Will generative AI be a revolution for insurance?
Unless you’ve spent the past year under a rock, you’ll be aware of the excitement for generative AI. While many have used the technology to write emails, do homework or create CVs, generative AI could be one of the most transformative technology stacks to businesses. Laila Beane, the chief marketing officer at IntellectAI, the insurtech and wealthtech brand of Intellect Design Arena, recently delved into generative AI’s impact on insurance.
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