Insurance

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/regulation

FCA adresses customer insurance

The Financial Conduct Authority (FCA) is today confirming a series of temporary measures to help customers who hold insurance and premium finance products and who may be in financial difficulty because of coronavirus(Covid-19).

/startups

Insurtech honcho raises £1.2m

Insurtech startup honcho – provider of the UK’s first reverse auction marketplace for financial services – have completed their latest investment raise as their mission to revolutionise how consumers buy insurance continues.

/people

Contemi names Pinky Bui MD

Contemi Solutions, the global technology provider to the insurance, wealth management, banking and financial services industry, is pleased to announce the appointment of Pinky Bui as Managing Director (MD) to further bolster its Southeast Asia InsurTech business.

/covid-19

Covid-19: Carrot Insurance rewards young drivers for staying at home

Carrot, the young driver insurance provider that uses black box technology to record driving patterns and reward safer driving, is incentivising thousands of young drivers to continue to leave their cars at home during the coronavirus lockdown.

/ai

AI InsurTech Akura8 scoops EUR8 million investment

AI insurance pricing solution Akur8 has raised €8m in its Series A round from BlackFin Capital Partners and MTech Capital, bringing Akur8’s total funding to €10 million following initial investment and incubation from Kamet Ventures in 2018.

/Insurance

Insurtech Zego secures French broker licence

Insurtech Zego has future-proofed its business by securing an insurance broker licence in France.

/startups

Anthemis closes $90 million InsurTech growth fund

Leading venture firm announces insurtech focused fund with backing from Aflac Global Ventures, Nürnberger, and Sumitomo Life. Industry veteran Kate Sampson joins the investment team.

/startups

InsurTech startup Digital Risks raises £10.4 million

Digital Risks has today announced that it has raised a further $10.4m in a Series A funding round.

/inclusion

RBL Bank partners with Bajaj Allianz Life Insurance

RBL Bank, one of India’s fastest growing private sector banks in India and Bajaj Allianz Life, one of India’s leading private life insurer, entered into a strategic partnership to offer customised life insurance solutions to the Bank’s customers. Under this partnership, Bajaj Allianz Life will make available all its retail products to the Bank’s customers including Term, Savings, Retirement and Investment products to enable them achieve their life goals. The corporate agency agreement was signed between both the organisations in Mumbai, today.

/security

Denizbank and AXA Sigorta to deploy CPP's Cyber Care product

CPP Group Plc, the partner focused, global product and services company specialising in the financial services and insurance markets has extended its product portfolio with major partners in Turkey through a strategic partnership model with Denizbank and AXA Sigorta; and by widening its technology delivery and service provider model with Anadolu Insurance Company (Anadolu).

/Insurance

Sapiens acquires German-based Insurtech sum.cumo

Sapiens International Corporation, (NASDAQ and TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that it has acquired sum.cumo, the German-based technology provider that offers disruptive, digital, innovative and consumer-centric solutions mainly to the insurance sector, for up to €28.4 million.

/Insurance

Trov launches renters insurance programme with Lloyds Banking Group

Trov, a global leader in insurance technology, today announces the launch of its end-to-end digital renters insurance application, brought to market by Halifax Home Insurance, part of Lloyds Banking Group.

/Insurance

InsurTech Cover Genius raises $10 million

Cover Genius, the global insurtech leader whose insurance distribution platform provides protection for the customers of some of the world’s largest online companies, has raised US$10 million in a Series B funding round.

/Insurance

Starling adds Anorak insurance for sole traders to marketplace

As with everything, self-employment has pros and cons. You can set your own hours and rates. But you don’t have the safety-net of sick pay or life insurance, unless you set it up yourself.

/wholesale

Tremor upgrades risk transfer marketplace

Tremor, a programmatic insurance and reinsurance risk marketplace has announced a suite of new features available this November in the 2.0 release of its programmatic marketplace.

/regulation

KNØX debuts digital custody service with comprehensive insurance

Today, KNØX announced the launch of a digital asset custody service for institutions and fiduciaries with comprehensive insurance coverage.

/Insurance

Honcho launches reverse auction car insurance app

A free app has launched that will change the way drivers buy car insurance forever and hopes to make it cheaper for drivers – and young drivers in particular - to get insured.

/wholesale

HKEX and Ping An Insurance ink fintech MoU

Hong Kong Exchanges and Clearing Limited (HKEX) is today (Friday) pleased to announce that it has entered into a memorandum of understanding (MOU) with Ping An Insurance (Group) Company of China Limited (Ping An) to explore possible areas of cooperation and collaboration in Fintech and data analytics to enhance the region’s financial market ecosystem.

/Insurance

OneConnect and Singapore Management University sign blockchain MoU

OneConnect Financial Technology Co. Ltd. (OneConnect), an associate company of China’s insurance giant and Fortune Top 29 Company Ping An Group, and Singapore Management University (SMU) today signed a Memorandum of Understanding (MOU) to jointly conduct research and develop a Proof of Concept (POC) on the potential of quantum computing to augment blockchain technology.

/Insurance

AkinovA adopts OpenFin for insurtech platform

AkinovA, the electronic marketplace for the transfer and trading of re/insurance risk, together with OpenFin, the operating system (OS) of finance, today announced the adoption of OpenFin for the deployment of its groundbreaking trading platform for the risk transfer value chain.

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