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Insurance Supermarket International (ISI), a digital life insurance provider in Canada, has closed a $100m minority investment from funds managed by Gallatin Point Capital.

Italian InsurTech startup Wallife has nabbed €12m in its Series A funding round, which it claims is the seventh largest in Europe in the sector during 2022.

Davies, a provider of services and technology business to insurance and highly regulated markets, has acquired Asta Capital, a third-party managing agent at Lloyd’s, to form an insurance services “powerhouse.”

Now more than ever, the insurance industry needs more intelligent, agile and composable solutions to overcome challenges and meet higher customer expectations. Insurance software company Earnix champions an “intelligent insurance operations” approach.

Mercury Insurance has made its usage-based insurance app, MercuryGO, available to drivers in Virginia to help improve driving skills and safety.

Paris-based InsurTech Orus has raised €5m in funding for its mission of reinventing professional insurance.

YuLife, an InsurTech firm, has raised $120m from a Series C funding round headed by Dai-ichi Life Insurance Company.  

Yonder, a challenger credit card provider, has entered the travel insurance sector with a product that covers various travel disruptions including flight cancellations.

Sydney-based insurance startup Upcover has raised $4.7m in a seed funding round to further its mission to simplify insurance for Australian small businesses.

Oman Insurance Company, one of the largest publicly listed insurers in the United Arab Emirates, has launched a platform in conjunction with global technology firm Innoveo.