InsurTech

Actuaries, often dubbed as mathematical risk managers, play a pivotal role in the insurance industry. Their expertise in quantifying and managing risk is essential for insurers in a market where financial responsibility for potential negative outcomes is traded. However, determining the cost of this responsibility isn't a straightforward task; it involves estimating expected losses akin to manufacturing costs for tangible goods. Yet, setting a price demands more than just knowing costs; it requires calibrating profit margins to market realities and consumer behaviours. InsurTech Quantee delves into the intricate process, known as price optimisation.

Insurance data company Betterview has partnered with management consulting firm Synpulse to accelerate P&C underwriting.

Swiss InsurTech dacadoo has unveiled its upcoming version 5.0 of its Digital Health Engagement Platform (DHEP) to revolutionise digital health engagement.

Machine vision InsurTech startup Tractable has raised $8m in a Series A round led by Ignition Partners. Zetta Venture Partners and a host of individual from across the insurance space also participated.

Delos Insurance Solutions has secured $7.3m in a seed extension round, in a significant move to address the issue of homeowners’ insurance availability in wildfire-prone areas.

Sensely, a digital health and InsurTech platform, has secured $15m in its new funding round which will support its commercialization efforts.

Trustmark National Bank has agreed to sell its wholly owned subsidiary, Fisher Brown Bottrell Insurance, Inc. (FBBINSURANCE), to Marsh & McLennan for $345m in cash.

Greater Than, a global provider of driver crash probability and climate impact intelligence, has joined forces with Duck Creek Technologies, a leading provider of intelligent solutions in the property and casualty (P&C) and general insurance sector. These two FinTech giants are making strides in the world of InsurTech.

SURE, a member-owned insurance company for reliable coastal asset protection, has expanded its coverage to be available in North Carolina.

InsurTech bolt has partnered with Chat Mobility, a regional wireless carrier in Iowa, to bring a device protection solution to the US.