Specialist research firm FinTech Global has released its seventh annual InsurTech100 list, outlining some of the industry’s leading incumbents.    This year’s list recognises firms that are not only addressing the industry’s most pressing challenges but are also reshaping how insurers operate and engage with their customers through cutting-edge technology. The FinTech market as a whole is...Read More

Lockton, the world’s largest privately-owned insurance brokerage, has announced the launch of Lockton Pulse, a groundbreaking digital insurance offering designed for SMEs and individuals across Australia. The moves comes in response to the growing need for faster, more convenient insurance services tailored to small businesses and individuals. As traditional insurance systems struggle with outdated processes,...Read More

US-based InsurTech managing general agent, Ledgebrook, has secured $17m in a Series B funding round. The round was led by Duquesne Family Office, with participation from The Stephens Group, and continued support from long-time partners Brand Foundry Ventures and American Family Ventures, according to Life Insurance International. Founded in 2022, Ledgebrook focuses on providing technology-driven solutions for...Read More

Verisk has announced the U.S. launch of Whitespace, an all-in-one platform designed to transform operations for brokers, underwriters, and managing general agents (MGAs) in the global (re)insurance market. The move comes in response to the growing need for efficiency and digital transformation in the excess and surplus (E&S) and specialty insurance sectors. The platform aims...Read More

Rising delinquencies across all consumer lending lines have become a significant concern, as highlighted by the Q2 2024 Quarterly Credit Industry Insights Report (CIIR) from TransUnion. This uptick in defaults, alongside intensifying competition, shrinking profit margins, and increasing financial pressures, is pushing lenders to reassess their pricing and credit risk strategies.  In response, many lenders are...Read More

Akur8, a next-generation insurance pricing and reserving solution, has been selected by leading Spanish insurer Seguros Lagun Aro to streamline its insurance pricing process. Leveraging Akur8’s state-of-the-art technology, the collaboration is set to focus on boosting the Bilbao-based firm’s property and casualty (P&C) offerings. With Akur8’s solution, Seguros Lagun Aro will benefit from faster, more precise pricing...Read More

Markel, a global specialty insurer, has launched a cutting-edge cyber insurance policy designed to cater to FinTech firms. The offering, known as FintechRisk+, was developed to address the rapidly changing risks faced by FinTech companies, particularly in the areas of cyber threats and ransomware attacks. As these threats evolve, businesses require not only financial protection...Read More

As the insurance industry rapidly modernises, actuaries are becoming integral in shaping and executing strategic growth plans. With a focus on enhancing risk management, leveraging advanced technologies like AI, and optimising decision-making processes, actuaries are driving innovation across the landscape. Their expertise is crucial in adapting to industry changes and achieving long-term business objectives, underscoring...Read More

In today’s rapidly changing insurance sector, the focus on managing the human side of risk has never been more important. Insurance now extends beyond policies and claims—it is about fostering a culture of safety, building long-term trust, and enhancing collaboration between insurers and their clients. A well-structured service plan that tackles these human elements can...Read More

Chubb, a leading global insurance provider, has launched a new product to cater to high-net-worth individuals in Switzerland. The company, known for offering bespoke and comprehensive insurance solutions, continues to expand its range of services with this latest addition, according to InsurTech Insights. The introduction of the new Chubb Masterpiece Signature insurance comes as part of...Read More