Insurance

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/retail

Close Brothers Motor Finance extends customer outreach with Zuto

Vehicle finance provider, Close Brothers Motor Finance, has joined Zuto’s marketplace of trusted lenders, enhancing access to its products and digitising the customer journey.

/sustainable

Climate risk insurance outfit Arbol raises $60 million

Arbol, a leading climate risk solutions provider operating in over 15 countries, announced today that it has closed a $60 million Series B funding round, co-led by Giant Ventures and Opera Tech Ventures with participation from Mubadala Capital.

/people

IPipeline appoints Adam Boone as CFO

iPipeline, a leading provider of digital solutions for the life insurance and wealth management industries, today announces the appointment of Adam Boone as Chief Financial Officer, who will lead the financial management activities for the growing global business.

/startups

Conversational AI insurtech PeppercornAI raises £3.25m

Insurtech PeppercornAI has raised £3.25 million in its latest funding round. The funding, of which Wealth Club raised £1.9m, included high net worth investors, existing investors EHE Capital and Angels Invest Wales.

/crime

Mulberri and Acronis partner for US SMB cyber insurance

Mulberri, an AI-driven insurance platform, today announced it has partnered with Acronis, a global leader in cyber protection, to embed Mulberri’s Cyber Insurance to Acronis small & medium-sized businesses customers based in the US.

/people

Insurtech bolt appoints Matt More CFO, North America

bolt, the insurtech with the country’s largest technology-enabled insurance exchange, today announced the appointment of Matt More as CFO for North America.

/wholesale

Genesis Global launches credit processing automation platform

Genesis Global launched a new solution to automate bank processes for offsetting credit risk in lending and financing businesses.

/wholesale

Novidea raises $30m

Novidea, creator of the cloud-based, data-driven enterprise insurance management platform, today announced it has raised an additional $30 million from HarbourVest Partners, bringing its total Series C round to $80 million, joining existing investors Battery Ventures, Cross Creek, Israel Growth Partners (IGP), KT Squared, and JAL Ventures.

/cloud

Munich Re Automation selected by American Family Life Insurance

Munich Re Automation Solutions Ltd announced today that American Family Life Insurance Company is adopting the company’s cloud-based automated underwriting and analytics solution.

/cloud

AXA and AWS to build B2B risk management platform

A worldwide leader in insurance and asset management, AXA and AWS (Amazon Web Services) an Amazon.com, Inc. company (NASDAQ: AMZN), announced their intention to jointly develop and build AXA Digital Commercial Platform (DCP) and associated software services to enable next-generation risk management.

/wholesale

Moodys RMS and Augment Risk collaborate on parametric insurance

Moody’s RMS™, the leading global catastrophe risk modeling and solutions company, today announced a new collaboration with innovative reinsurance brokerage firm Augment Risk, to develop the market for parametric risk transfer.

/startups

PayPal invests in Indonesian insurtech Qoala

Omnichannel InsurTech Qoala announced the completion of its Series C funding round, raising USD 47 million led by PayPal Ventures and MassMutual Ventures.

/people

Insurtech Verisk bolsters executive team

Verisk Speciality Business Solutions (Verisk SBS), a leading insurance and reinsurance software specialist operating in London and US (re)insurance markets, today announces the appointment of Taha Ahmad to its senior team as Director of Pricing Solutions.

/payments

Qover and Yonder team on travel insurance

Qover, insurtech leader in embedded insurance orchestration, announces its partnership with UK-based credit card fintech Yonder, offering its members a seamless and comprehensive travel insurance experience.

/payments

Chubb and Atome announce Southeast Asia partnership

Chubb, a world leader in insurance, and Atome, one of Southeast Asia’s leading digital financial services platforms, today announced a regional partnership to help drive consumer protection across Southeast Asia. The partnership will enable both companies to co-create a range of insurance products available to Atome’s customers in Singapore, Malaysia, the Philippines and Indonesia.

/payments

Nordic Capital to invest in One Inc

Nordic Capital, one of the most active and experienced investors in Technology & Payments globally, today announced that it will join Great Hill Partners, a private equity firm that invests in high-growth, disruptive companies, as an investor in One Inc (the “Company”), a digital payments platform specializing in modernizing the insurance industry in North America. Great Hill Partners invested in One Inc in 2020 and will retain an equal stake to Nordic Capital alongside a significant continuing investment from the Company’s current management team.

/retail

Swedbank selects Akur8 to strenghten insurrance pricing

Akur8, the next generation insurance pricing solution powered by Transparent AI, announced that Swedbank has selected Akur8’s pricing platform to enhance its insurance pricing process.

/startups

SMB insurtech Coverdash raises $13.5m

Coverdash, the fastest growing startup and SMB focused-insurtech, today announced $13.5M in Series A funding. This financing comes within one calendar year of Coverdash’s oversubscribed Seed round, bringing the company’s total funding to $16M to date.

/retail

Akur8 signs Georgia Farm Bureau Mutual Insurance Company

Akur8, the next generation insurance pricing solution powered by transparent machine learning, is thrilled to announce that Georgia Farm Bureau Mutual Insurance Company, a company offering coverage for farm insurance in addition to virtually every line of insurance in the state of Georgia, has selected Akur8’s Core Platform solution to efficiently build high performing, explainable pricing models.

/retail

Clara Analytics receives funding boost from Nationwide

CLARA Analytics and Nationwide are deepening their current partnership.

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