Insurance

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Markel launches FintechRisk+ cyber insurance policy

Markel, the insurance operations within Markel Group Inc. (NYSE: MKL), today announced the launch of its new FintechRisk+ insurance policy, underlining its long-term commitment to provide market-leading coverage and service solutions for fintech companies in an increasingly complex market.

/wholesale

Ebix Inc exits Chapter 11

Ebix Inc., a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, healthcare, and e-learning industries, announced today that it has successfully completed its Chapter 11 restructuring process and has emerged as a financially and operationally stronger company that is well-positioned for the future.

/Insurance

Numeral API connects with HSBC

Numeral, the payment technology provider, and HSBC Innovation Banking UK, the banking partner to innovators and their investors, today announce a collaboration to enable innovative companies to embed HSBC Innovation Banking UK’s payment and account services via Numeral APIs.

/regulation

Howden integrates FullCircl into Acturis

FullCircl, a software provider that helps insurance brokers accelerate growth and seamlessly integrates compliance into the process, today announces that it has signed a multi-year agreement with Howden, the global insurance intermediary group, in a deal which will help Howden clients ensure correct levels of cover whilst reducing the burden and costs of compliance.

/markets

Cytora partners with AI-powered due diligence company Xapien

Cytora, the leading digital risk processing platform, has partnered with AI-powered due diligence company Xapien.

/people

One Inc names Michael Ellis CFO

One Inc, the leading digital payments network for the insurance industry, today announced the appointment of Michael Ellis as the company’s new Chief Financial Officer (CFO), effective August 5, 2024.

/retail

Wefox exits German market

As announced in June, wefox has continued to implement its exit from the German insurance market as part of the refocusing of its portfolio on profitable market positions of critical size.

/retail

Lemonade expands home insurance offering in the UK

Lemonade, the digital insurance company powered by AI and social impact, today announced the launch of Buildings and Contents insurance in the UK.

/payments

GoCarless and ICE InsureTech partner on faster payments for insurance firms

GoCardless, the bank payment company, has announced a strategic partnership with award-winning insurance software platform ICE InsureTech, to deliver faster and seamless automated payment collection for insurance companies in Australia and New Zealand.

/ai

NYDFS adopts guidance on AI use by insurance firms

Today, Department of Financial Services (“DFS”) Superintendent Adrienne A. Harris adopted guidance to protect consumers from unfair or unlawful discrimination by insurers using artificial intelligence.

/payments

AutoRek and JPMorgan Payments join forces to improve insurance firm's premium processing

AutoRek, a leading insurtech that streamlines premium processing operations within insurance firms, today announced that it has joined forces with J.P. Morgan Payments to help insurance firms overcome data complexities and present new market opportunities.

/Insurance

Pan-European insurance startup for expats Feather raises €6m

The startup revolutionising insurance for European expats with bespoke, digital-first solutions – Feather raises €6 million in funding. The round was led by Keen Venture Partners with Plural and senior leaders from Allianz, AXA and Bastian*.

/payments

One Inc completes ClaimsPay installation for Zurich North America

One Inc, the leading payments network for the insurance industry, announced today that Zurich North America has successfully implemented One Inc’s digital claims payment system for outbound claims payment capabilities.

/people

Insutech bolt names Jeff Staley head of sales

bolt, the insurtech with the country’s largest technology-enabled insurance exchange, today announced the appointment of Jeff Staley as Head of Sales. Staley will be responsible for leading bolt’s sales efforts across its core business segments and meeting the company’s growth targets.

/wholesale

Insurtech Cover Whale raise s$27.5m in debt and equity

Leading insurtech specializing in connected insurance for commercial auto, Cover Whale announces $27.5 million funding in debt and equity from investment funds managed by Morgan Stanley Expansion Capital.

/wholesale

Vitesse secures $93 million Series C

Vitesse, a leading treasury and payment solutions provider for the insurance industry, today announced the completion of a $93M Series C funding round led by leading global investment firm, KKR, with participation from existing investors, including Hannover Digital Investments.

/retail

ABN Amro to sell its stake in life insurance joint venture Neuflize Vie

ABN AMRO, through its French private bank branch Neuflize OBC, has entered into exclusive negotiations with BNP Paribas Cardif to form a strategic partnership in life insurance in France.

/retail

Erste Bank Hungary launches in-app flight delay insurance

Erste Bank Hungary, part of Erste Group, one of the largest financial services providers in Central and Eastern Europe, has launched Erste Flight Delay Insurance to its banking customers in their George app.

/retail

Cover Genius closes $80 million in Series E funding

Today, Leading insurtech for embedded protection, Cover Genius closes $80M Series E funding round.

/retail

Bunq to to bundle travel insurance into premium plans in tandem with Qover

Qover, a leading insurtech company driven by a vision of creating a global safety net through insurance, is proud to announce its partnership with bunq, the second largest neobank in Europe. bunq users across seven markets will have worldwide, one-time activation travel insurance included in one of their plan options.

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