Infrastructure/Back-end

In the competitive world of insurance, the profitability of underwriting is closely linked to informed decision-making that efficiently mitigates risks and optimizes loss ratios. Traditional barriers, primarily the compartmentalisation of data, often hinder this objective.

Ledgebrook, the rapidly growing InsurTech firm, has successfully closed a $17m Series B funding round.

Sedgwick, a global leader in claims management, loss adjusting, and technology-driven solutions, has formed a strategic partnership with Altas Partners, a prominent North American private equity firm.

Nirvana, a pioneering health tech company, today announced a significant boost to its mission of bringing transparency to health insurance processes.

Mylo, a leader in the InsurTech industry, and Fayr, an innovative mobile application aiding divorced parents, have formed a strategic partnership.

Mergers and acquisitions (M&A) have long been pivotal strategies for growth within the insurance sector, enabling firms to expand their market presence, enter new territories, and secure competitive advantages.

Ebix, a global supplier of on-demand software and e-commerce services across the insurance, financial, and healthcare sectors has emerged from Chapter 11 bankruptcy.

The insurance sector is witnessing a paradigm shift as carriers move beyond conventional loss control surveys to embrace service-oriented strategies. This evolution is fueled by the understanding that proactive engagement through service plans significantly bolsters customer relationships and retention rates.

Cytora, a leading digital risk processing platform, has formed a strategic partnership with Xapien, an innovative company known for its AI-powered due diligence capabilities.

Wisedocs, an innovative leader in the InsurTech sector, recently received a significant financial boost. CIBC Innovation Banking has extended $4.5m CAD in growth capital financing.