InsurTech

BrokerTech Ventures (BTV), a pioneering broker-centric accelerator program in the InsurTech industry, can reveal that the collective valuation of its startups is now approaching $1bn.

Within the realms of specialty and commercial insurance, there's a heightened focus on precision. These particular markets demand more than just the usual numerical analysis when it comes to policy pricing. For them, pricing is not only a combination of art and science but also a strategic influencer. As the world embraces digital advancements, those who manage to break free from traditional practices dominate the industry.

Cowbell Cyber, an AI-powered cyber insurance provider, has closed its Series A round on $20m to help it scale its offering for continuous underwriting and closed-loop risk management.

Ohio-based property and casualty carrier Central Insurance has selected One Inc, a payments network for the insurance industry, to digitise claim payments.

Socotra, a modern core platform provider for insurers, has launched CorePlus solution in partnership with leading technology providers Mendix, Snapsheet and Stripe.

Duck Creek Technologies, provider of insurance software to the P&C industry, has partnered with Whatfix an SaaS platform to enhance insurance carriers' claims management software.

Insurance company AXA Luxembourg and AI-powered insurance pricing software developer Akur8 have teamed up to boost AXA’s pricing capabilities.

Axiata Digital, the digital service division of telecommunications conglomerate Axiata Group, has received $70m in funding to support the growth of its digital financial services.

Amenity Analytics, an AI-powered insights platform, has closed its Series B on $18m, to support the growth of its team.

Akur8, the creator of next-generation insurance pricing solutions employing transparent machine learning, has teamed up with Canal Insurance Company, a leading commercial insurance provider.