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Israel-based alternative reinsurance and investment platform Vesttoo has raised $6mn in a Series A funding round led by Hanaco Ventures.

Brookfield Asset Management’s reinsurance branch has agreed to acquire multi-product insurance company American National Group for $5.1bn in cash.

The InsurTech industry might evolve to become more personalised to the individual consumer post-pandemic, according to Direct Line CTO Sarah Greasley.

Amplify Life Insurance, a provider of permanent life insurance, has collected $2.5m in its seed round.

Flock, a London-based InsurTech startup that provides usage-based insurance for fleets of commercial vehicles, has raised $17m funding in Series A round bringing its total funding to $22m.

Digital insurance network Agentero raised $13.5m in Series A funding led by Alma Mundi Ventures to drive growth for independent insurance agencies.

A new InsurTech hub has opened in Ireland after 12 key players in the native insurance market collaborated to make it a reality.

A security lapse at insurance technology startup BackNine exposed hundreds of thousands of insurance applications after one of its cloud servers was left unprotected on the internet.

Swiss Re’s iptiQ has teamed up with ImmoScout24, an online real estate platform, to provide landlords with insurance products to protect them from uncertainties with renting.

As AI becomes more widely used across industries, insurance is lagging behind. Akur8 believes this could be down to the need for transparency.