Commercial/Enterprise Insurance

Converge Insurance, a leading managing general agent (MGA) specialising in cyber risk management and underwriting, announced its successful raising of $15m in Series A funding.

Generative AI (GenAI) is fundamentally reshaping the insurance landscape, sparking innovation and driving customer-centric solutions. As the industry adapts to rapid technological advancements, the solution has emerged as a catalyst for change, revolutionising various aspects of insurance operations.

PCF Insurance Services has secured $400m in incremental debt financing as it looks to accelerate its M&A strategy for expansion. 

Cytora is pleased to announce an integration with CAPE Analytics, in a bid to enhance insurers’ capabilities to assess and manage risks associated with commercial properties.

CogniSure AI, a provider of insurance document extraction and analytics, has partnered with no-code platform provider Innoveo to drive underwriting efficiencies and pricing accuracy for commercial insurers.

Vouch, a prominent provider of business insurance tailored for high-growth companies, has secured a notable $25M in its Series C-1 funding round.

Cytora, a leading digital risk processing platform, has announced a partnership with ZestyAI designed to bolster commercial property underwriting.

Urban Jungle, a London-based insurance startup, is gearing up to announce a substantial funding round of around $14.4m this week, as reported by Sky News.

1Fort, an innovative cyber insurance automation platform, has recently achieved a significant financial milestone. The firm, which aims to streamline the cyber insurance procurement process for middle to large businesses and insurance brokers, has secured $2m in pre-seed funding.

NEXT Insurance, a prominent digital small business insurer, has achieved a significant milestone by reaching 500,000 active small business customers.