RenoFi, an AI-enabled renovation financing platform, has closed a $22m Series B funding round, bringing its total capital raised to $65m. The round was led by Fifth Wall, an asset manager investing at the intersection of real estate and technology, with participation from Progressive Insurance alongside HighSage Ventures, Alumni Ventures, Flintlock Capital and Gaingels. Existing backers Canaan, First Round Capital, Curql,...

As the InsurTech sector matures, regulatory pressure is no longer a secondary consideration. In 2026, compliance, transparency and capital discipline are emerging as defining forces shaping innovation across the sector. In conversations with FinTech Global, leaders across the InsurTech ecosystem outlined the governance, compliance and capital challenges that will define the year ahead. Engineering trust into the technology stack For Simha Sadasiva, Co-founder...

US commercial insurance startup Comeryx Insurance has officially launched alongside a $7.5m seed funding round led by Altai Ventures. Additional backing came from American Family Ventures, Intact Ventures, Boulder Ventures, Arch Capital Group and Echelon, according to the Coverager. The MGA is led by Dax Craig, co-founder of Pie Insurance, and is building an AI-native infrastructure supported by AI agents designed to eliminate manual underwriting processes. Its...

Italian global insurance group Generali has launched Generali Core Tech, a new Group software factory designed to accelerate technological transformation under its “Lifetime Partner 27: Driving Excellence” strategy. The initiative aims to build scalable, shared and innovative platforms that support business growth while delivering greater value to customers and partners across markets, according to FF News. Generali Core Tech will oversee the management and...

Indian private life insurer Bajaj Life Insurance has launched its New Fund Offer (NFO), the Bajaj Life Opportunities Fund (SFIN: ULIF011406/02/26BLOPNLC250116), a very high-risk unit-linked fund benchmarked to the Nifty Large Midcap 250 Index. Offered under Bajaj Life’s unit-linked insurance plans (ULIPs), the fund combines life cover with professionally managed equity exposure, allowing policyholders to pursue long-term financial goals while participating in market...

Zurich Insurance Group has reached a definitive agreement to acquire London-based specialty insurer Beazley in an £8.1bn all-cash transaction, creating a combined global specialty insurance leader with pro forma gross written premiums of around USD $15bn. Under the terms of the deal, Beazley shareholders will receive 1,310 pence per share in cash plus a 25 pence per share interim dividend, valuing the total...

Automation in compliance is no longer about assistance - it is about delegation. Across KYC, AML, sanctions screening and transaction monitoring, machines are not just identifying risk; they are prioritising it, filtering it, and in some cases resolving it before a human intervenes. The language may still be “AI-assisted”, but the influence is already structural. This forces a harder question:...

A major Spanish bank has dramatically overhauled its sanctions screening operations after deploying SymphonyAI's SensaAI for Sanctions, achieving a 91.8% reduction in false positives across both transaction and customer screening. The unnamed institution ranks among Spain's ten largest banks and maintains a broad international presence, with offices spanning Europe and North, South, and Central America. Already a user of SymphonyAI's compliance...

The Napier AI / AML Index 2025–2026 has revealed that regulated firms — including banks, payments companies, wealth managers and insurers — could save $183bn in compliance costs by adopting AI-driven AML strategies, up from $138bn the previous year. The index, the only global ranking of its kind, also estimates that AI-powered AML could return $3.3tn to global economies, compared...

Healthcare payments have emerged as an unexpected battleground in the fight against money laundering. Traditionally associated with billing fraud and abuse, claims processors, telehealth billing platforms and pharmaceutical payment networks are now being exploited to move illicit funds under the cover of legitimate medical transactions. According to Flagright, what was once viewed primarily as a fraud challenge has evolved into...