Specialty insurance classes pose some of the most intricate pricing challenges in the insurance industry. Their rapidly evolving dynamics, coupled with their long-term nature, demand prices capable of standing the test of time. Gathering sufficient data for these specialty lines often proves difficult due to the nascent stage of many of these books and the inherent complexities in data collection.
Key African investment stats in Q2 2023:
• African FinTech deal activity reached 59 transaction in the second quarter, a 31% drop YoY
• African FinTech companies raised a combined $189m in Q2, a 64% reduction from the same period in 2022
• Nigeria was the most active FinTech country in Africa with 25 deals, a 42% share of deals In Q2 2023,...
Akur8, a trailblazing insurance pricing solution utilising transparent machine learning, and Cypress Property & Casualty Insurance Company (Cypress P&C), a well-established insurance firm offering a variety of innovative insurance products, have joined forces.
RegTech firm, REGnosys, and award-winning social enterprise, Next Tech Girls, have announced a promising partnership with a shared goal of addressing the prevalent issue of gender disparity in the technology sector.
Founded in 2015, MindBridge is a Canadian company based in Ottawa, regarded as the world's leading artificial intelligence (AI) powered financial risk discovery platform.
Based in Birmingham, Alabama, Immediate, an innovative FinTech company specialising in earned wage access, announced a successful round of growth funding.
Auxilo Finserve Private Limited, an Indian non-banking finance company (NBFC) specialising in education finance, has recently declared the successful procurement of ₹470 crores in primary equity capital.
Giraffe, a New York-based FinTech firm, offers an innovative impact investing platform, aimed specifically at employees.
ASA, an embedded FinTech platform that facilitates a secure and compliant connection between financial institutions and customer-facing FinTechs, has announced a new strategic partnership and investment.
Ennabl, an innovator in the InsurTech industry, with a data analytics platform that empowers insurance brokers and agencies, has announced a successful Series A fundraising round.
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