Sector Updates

Hub International Limited (HUB), a global insurance brokerage and financial services firm, has launched VIU, a digital platform for transactional personal insurance needs.

The government of Bangladesh has revealed it will conduct a feasibility study to introduce a central bank digital currency (CBDC) in the country.

Canada-based quantum-safe cybersecurity product developer evolutionQ has raised $5.5m in its Series A funding round.

AmeriLife Group, a provider of life and health insurance annuities and retirement planning solutions, has received an investment from Genstar Capital, a private equity firm.

Up to 38 organisations have signed a pledge to strengthen cyber resilience and combat threats such as ransomware as challenges around cybersecurity globally increase.

Much has changed since the days of door-to-door salesmen or cold calls via landline telephones as a method of insurance distribution. Today’s consumers can sign up for policies on their mobiles with just a few clicks. However, there are many facets of insurance distribution which are evolving. Which evolving trends do insurers need to pay attention to?

Switzerland-based Foxstone, which offers a real estate crowdfunding platform, has reportedly raised CHF 10m ($10m) in its Series A.

India-based employee benefits platform Pazcare has reportedly collected $8m in its Series A funding round, which was led by JAS Fund.

HYCU, a company that helps organisations protect their data, has raised $53m from a Series B funding round.

Founded in 2019, Schwarzthal Tech is a UK-based RegTech startup that is developing Wunderschild Know Your NetworkTM, an AI-driven platform that provides financial crime intelligence and speeds up the look-up process for beneficiaries. Two years into its existence, what is next for the company?