Commercial/Enterprise Insurance

Rain, an employee financial wellness start-up, has raised $115m in funding, encompassing $66m in equity and $50m in debt.

Admiral, a car insurance provider in the UK, has extended its partnership with Cambridge Mobile Telematics (CMT), to launch LittleBox Pod, a new telematics offering that can lower insurance prices for drivers of all ages.

Swiss Re has reported that natural disasters resulted global economic losses of $275bn in 2022, of which $125 billion were covered by insurance, reaffirming a trend of 5-7% annual increases.

Focalpay, a commerce platform merging payment and retail functionalities, has bagged SEK15m in an investment round.

Chubb has unveiled new underwriting criteria for oil and gas extraction projects that will require clients to reduce methane emissions, a byproduct of oil and gas production that are among the most severe greenhouse gases.