The Shanghai Stock Exchange (SSE), operating under the auspices of the China Securities Regulatory Commission (CSRC), has introduced two critical guides aimed at enhancing the Environmental, Social, and Governance (ESG) reporting framework.

Descartes Underwriting has launched a new parametric insurance product to protect US-based utility-scale solar farms from tornado damage, offering up to $70m in coverage. The product, which is designed for solar farms with a generation capacity exceeding 10MW, uses cutting-edge technology to provide rapid and efficient coverage in the event of a tornado, according to InsurTech Insights. Developed in response to...

EcoVadis has announced the launch of a new CSRD questionnaire designed to simplify the disclosure challenges faced by global companies of all sizes.

Private equity investment has become an increasingly attractive avenue for wealth managers seeking to diversify portfolios and drive long-term growth. Unlike traditional investment options such as stocks and bonds, private equity provides opportunities to reshape businesses, unlock hidden value, and achieve substantial returns. This hands-on investment approach allows wealth managers to actively contribute to a company's success, making it a...

Qantev, a leading AI claims platform, has partnered with InsureMO to enhance the efficiency of global insurance services. The collaboration integrates Qantev’s AI-driven solutions with InsureMO’s platform to optimise data transfer and streamline operations across the insurance ecosystem. This move is aimed at optimising the insurance process by enhancing the seamless transfer of data and documents between insurers, agents, brokers, care...

Red Flag Alert, a Manchester-based business intelligence platform, has recently clinched a £4m Series A+ investment. The funding round includes contributions from the Foresight Group and Ric Traynor, founder and executive chairman of Begbies Traynor. This financial boost marks a significant milestone, coming 18 months after a £3.5m private equity investment from Foresight Group, according to Business Cloud. The platform...

Lloyd’s, the world’s leading insurance marketplace has signed a Memorandum of Understanding (MoU) with DIFC Academy to develop future industry talent. The MoU builds on a long-standing relationship between the firms, and will see a particular focus on the fast-growing Middle East region. Designed to address the global challenge of talent development in insurance, the move will enhance the industry’s growth...

Equisoft, a global leader in digital solutions for the financial services sector, has acquired Atlanta-based VisCalc to enhance its offerings for small and mid-sized life insurance carriers. The move bolsters Equisoft's position in the life insurance technology market by integrating VisCalc’s streamlined, NAIC-compliant platform into its existing solutions. VisCalc offers agent-centric illustration software designed for small to mid-sized life insurance carriers....

Weecover, Spain's leading embedded insurance provider, has successfully raised €4.2m in its latest funding round as it sets its sights on international expansion. The funding round was led by Swanlaab Venture Factory, with participation from Nauta Capital, La Roca Capital, Bankinter, Prosegur, and Íope Ventures, the investment vehicle of Telefónica Seguros and Wayra, according to Finextra. It also included previous...

Axoflow, a cutting-edge cybersecurity startup, announced today that it has raised a $7m seed round.