Insurance

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/retail

Ohio Mutual Insurance Group partners bolt to embed smartphone coverage

bolt, the insurtech with the country's largest technology-enabled insurance exchange and a global leader in device protection programs, today announced a partnership with Ohio Mutual Insurance Group (Ohio Mutual), the award-winning insurance company that has worked with independent agents to distribute property and casualty insurance for more than 100 years.

/crypto

Digital asset-denominated life insurer Meanwhile snags $19 million funding round

Meanwhile, the first and only life insurer entirely denominated in a cryptocurrency, has announced ~$19 million in financing across two seed rounds, the first co-led by Sam Altman, CEO of OpenAI, and Lachy Groom, previous head of Stripe issuing, and with Gradient Ventures (Google) in the top spot during the second round.

/retail

Reale Group takes minority stake in Fabrick

Reale Group, a renowned player in the insurance industry which operates in Italy, Spain, and Chile, has selected Fabrick, a pioneer in the Open Finance sector, as its preferred partner to digitise its offerings and enhance the customer experience.

/retail

Simplifai debuts generative AI tool for insurance

Simplifai, an AI automation solutions provider, today launches Simplifai InsuranceGPT – a world-first custom-built GPT tool, fuelled by the company’s revolutionary no-code AI-powered platform.

/retail

Insly launches global, no code, sales software for brokers

Insly, the no code software provider, has launched BrokerFlow, a tool enabling brokers to digitise their sales workflow, including application forms, risk surveys and customer proposals.

/retail

International insurtech bolttech valued at $1.6 billion in Series B up-round

bolttech today announced it raised US$196 million in connection with its Series B with an up-round valuation of US$1.6 billion.

/payments

Nexi helps Itas Group to launch Itas Pay

ITAS Assicurazioni, Italy’s oldest insurance company, continues its strategic path of digital transformation and launches ITAS Pay with the support of Nexi Group, the leading European PayTech.

/retail

Nordea completes acquisition of digital pension broker Advinans

Nordea has today completed the acquisition of Swedish digital pension broker platform Advinans, following receipt of the regulatory approvals.

/sustainable

Ibsia introdduces The Weather Simulator

In a world where climatic events are becoming more and more intense and frequent, weather simulation and risk anticipation are a strategic issue, notably for companies.

/retail

Iress signs Reassured

Iress today announced that Reassured, the UK’s largest life insurance broker, has selected The Exchange platform to power both its advised and non-advised protection business.

/sustainable

ZestyAI launches risk analytics tech for severe convective storms

Today, ZestyAI, the leading provider of climate and property risk analytics solutions powered by Artificial Intelligence (AI), announced that severe convective storms have joined the growing list of perils addressed by the company’s risk analytics platform.

/retail

Zinnia to acquire Policygenius

Zinnia, a life and annuity insurance technology and digital services company, today announced it is acquiring Policygenius, a digital insurance marketplace.

/retail

Direct Line acquires pay-per-mile insurance agent By Miles

Direct Line Group (the ‘Group’) has acquired By Miles Group Ltd (‘By Miles’), a Managing General Agent and provider of real-time pay-by-mile insurance policies. Having sold over 100,000 policies since launch, By Miles currently has c.50,000 customers, writing £26m of Gross Written Premium.

/people

Qover hires Ed Ackerman as chief customer oficer

Insurtech pioneer Qover is pleased to announce the appointment of its first Chief Customer Officer (CCO) Ed Ackerman.

/retail

YuLife lands in South Africa

YuLife, the tech-driven financial services provider on a mission to inspire life, today announced its launch in South Africa.

/people

Lyfeguard appoints Ronel David to advisory board

Lyfeguard, a life planning assistant and document management platform, has appointed Ronel David, Strategic Sales and DE&I Leader at FIS, to its advisory board to accelerate financial management, go to market and growth strategy.

/retail

SEB buys stake in Nordic InsurTech Hedvig

SEB is entering a strategic partnership with the insurance provider Hedvig, a leading Nordic insurtech-company within property insurance for private individuals.

/retail

Socotra launches CorePlus line of end-to-end insurance tech

Socotra today announced the launch of Socotra CorePlus™, a line of complete insurance IT solutions composed of Socotra Connected Core, seamlessly integrated via Socotra App MarketPlace with industry-leading software and data providers, including Mendix, Snapsheet, and Stripe.

/sustainable

Kita secures £4m seed investment to bring carbon insurance products to market

Kita today announces a highly over-subscribed £4m seed funding round led by Octopus Ventures, alongside existing investors Insurtech Gateway, Carbon13 and Climate VC, and new investors Chaucer Group and Hartree Partners.

/sustainable

AXA Climate launches humorous content series to engage employees with sustainability

Making sustainability easy to understand, AXA Climate has launched a quirky content series, Climate Brief, to engage all employees on sustainability, from the least-informed to the most sustainability-savvy.

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