Key UK InsurTech investment stats in H1 2024: UK InsurTech deal activity dropped by 32% in H1 2024 YoY The average deal size completed by UK InsurTech companies dropped to $10.9m as investors shifted to a conservative approach hyperexponential, a leader in pricing decision intelligence (PDI) software, secured the biggest InsurTech deal in the UK for the first half...

Launching a new consumer and commercial bank involves numerous complexities and is a very costly venture. Ignoring compliance comes with a heavy price.

theScreener, a leading provider of financial analytics, has recently announced its collaboration with MSCI. This partnership is set to significantly enhance theScreener's Environmental, Social, and Governance (ESG) data solutions by integrating comprehensive ESG data from MSCI. Dr. Dave Koller, head of ESG Data at theScreener, expressed enthusiasm about the collaboration, highlighting its alignment with the company's commitment to offering high-quality and...

The CSRD aims to elevate and standardise sustainability disclosures for companies both within and outside the EU that operate across Europe.

The Australian government has unveiled a significant initiative, unveiling the Small Business Cyber Resilience Service with an investment of $11.1m. Aimed at bolstering cyber defenses for small enterprises across Australia, the service offers free, bespoke one-on-one support to enhance cyber resilience and aid recovery from cyber incidents. Scheduled for a rollout by the end of 2024, the service forms...

The RBI has reinforced its commitment to combat Money Laundering and Terrorist Financing by issuing new guidelines for banks, non-banking financial companies and other regulated entities According to PTI News, these guidelines mandate a thorough 'Money Laundering and Terrorist Financing Risk Assessment' to be conducted periodically. The assessment aims to identify, assess, and mitigate potential risks related to clients, countries...

The use of AI in corporate finance departments is becoming increasingly significant, as highlighted in a recent survey conducted by Wolters Kluwer. According to FinTech Finance, the survey, which involved 181 finance leaders, revealed that a substantial 68% of CFOs believe AI is crucial for their financial operations, particularly in areas like financial reporting. Despite the enthusiasm, the survey shows...

COVU, a company specialising in AI-native services for insurance agencies, has successfully raised $12.5m in equity and debt financing as part of its Series A funding round. The round was led by Benhamou Global Ventures (BGV), ManchesterStory, and Markd, with participation from both new and existing investors, according to InsurTech Insights. The total capital raised by COVU now exceeds $20m, including...

Zurich Financial Services Australia, a leading provider of insurance solutions, has launched a new Total and Permanent Disability (TPD) product aimed at offering enhanced coverage for individuals requiring long-term care. The new offering, known as 'Continuous Care', was developed in response to advancements in modern medicine and changes in Australia’s workforce. These factors have created a growing demand for more flexible...

KYC regulations serve as a critical safeguard in Mexico, a country identified by the U.S. Department of State as a major conduit for laundering money derived from drug trafficking, corruption, and other illegal activities. According to AIPrise, implementing robust KYC measures is not only a regulatory mandate but also a strategic approach to protect your business from potentially hazardous associations...