ArmorCode, a unified exposure management platform, has raised $16m in new strategic funding, bringing its total raised to $81m, alongside the appointment of cybersecurity veteran Phil Venables to its board of directors. The round was led by Cheyenne Ventures, with backing from Ballistic Ventures, Highland Capital, Sierra Ventures, NGP Capital, Harmonic Growth Partners, Tau Ventures, and Cervin. Proceeds will accelerate...

Gradient AI, a leading provider of artificial intelligence solutions for the insurance industry, has secured growth capital financing from CIBC Innovation Banking, a specialist lender with over two decades of experience backing growth-stage technology companies. The capital injection will fund Gradient AI's ongoing growth plans and development efforts as it looks to expand its platform capabilities and address the evolving...

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...