Insurance

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/security

Allianz develops machine-learning ‘Incognito’ tool to identify fraud claims

With the exponential rise in sophisticated technologies, Allianz aims to stay one step ahead in combatting fraudulent insurance claims with AI technology.

/startups

AI-driven embedded insurance platform Mulberri seals $6.75 million Series A

Mulberri, an AI-driven embedded business insurance platform for small and medium enterprises, announced its $6.75 million Series A led by Eos Venture Partners, with participation from existing investors Hanover Technology Management, MS&AD Ventures, and Altamont Capital Partners (via insurance enterprises in its portfolio).

/regulation

Cytora integrates Vespia AML and KYB compliance

Cytora, the leading digital risk processing platform and Vespia, a provider of compliance data, is proud to announce Vespia’s AI powered risk analytics are now being used to enhance the underwriting process seamlessly within Cytora’s digital risk processing platform, providing commercial insurance underwriters with deeper insights into business risks associated with AML and sanctions.

/crypto

Ledger partners bolt to launch device protection crypto wallets

bolt, the insurtech with the country's largest technology-enabled P&C insurance exchange, today announced a partnership with Ledger, the leading global platform to secure crypto and critical digital assets, to launch a new device protection offering for Ledger’s line of cryptocurrency smart wallets in the United States.

/retail

InsurTech Igloo closes $36 million funding

Regional insurtech Igloo today announced that it has closed a US$36 million Pre-Series C funding round.

/retail

AuguStar Life signs for iPipeline tech

iPipeline announces a partnership which will help AuguStar Life to accelerate and strengthen its digital transformation with innovative solutions from iPipeline that are designed to improve the agent experience.

Fidelity National Financial services disrupted by cyber incident

/security

Fidelity National Financial services disrupted by cyber incident

Fidelity National Financial has been hit by a "cybersecurity incident" that forced it to block access to systems, leading to business disruptions.

/wholesale

Pension Insurance Contribution selects Finbourne for data management

Pension Insurance Corporation (PIC), the specialist UK pension insurer, has chosen FINBOURNE Technology to provide investment data management capabilities, to help drive their data strategy.

/people

Insurtech WeFox appoints CTO

Wefox, the world’s leading insurtech, has appointed Paul Onnen as Chief Technology Officer, with immediate effect.

/payments

One Inc and JP Morgan team on insurance claims payments

One Inc, a leading digital payments network dedicated to serving the insurance sector, and J.P. Morgan Payments announced today they are working together – enabling insurance carriers to leverage J.P. Morgan’s comprehensive liquidity and payments capabilities as part of One Inc’s digital claim payouts platform, further digitizing and deepening the claims experience.

Tenity buys startup accelerator Hackquarters

/startups

Tenity buys startup accelerator Hackquarters

Tenity, an early-stage investor in fintech and insurtech firms that has also built up an "innovation ecosystem", has acquired Hackquarters, a startup accelerator with a strong presence in fintech.

/people

Rob Manders appointed to Intellect Design Arena Growth Advisory Board

Intellect Design Arena Ltd, a cloud-native, future-ready, multi-product Financial Technology company for the world’s leading banking and insurance clients, has announced the appointment of Rob Manders to its Growth Advisory Board. Mr Manders, a seasoned industry leader with a wealth of experience, brings a valuable perspective that will help shape and accelerate Intellect’s growth story.

AI fintech Black Ore emerges from stealth with $60m

/startups

AI fintech Black Ore emerges from stealth with $60m

Black Ore, a startup developing AI tools for financial services firms, has emerged from stealth with $60 million in financing led by a16z and Oak HC/FT, with participation from a host of big-name angel investors.

Monzo hires Brolly founder for push into insurance

/people

Monzo hires Brolly founder for push into insurance

Monzo has hired Phoebe Chibuzo Hugh, the founder of digital insurance startup Brolly, to lead a push by the challenger bank into the insurance market.

Insurtech Wefox secures $55m in fresh funds

/retail

Insurtech Wefox secures $55m in fresh funds

Berlin-based insurtech Wefox has raised another $55 million in funding at a $4.5 billion valuation from Deutsche Bank and UniCredit.

/retail

Better adds insurance product

Better Home & Finance Holding Company (NASDAQ:BETR, BETRW), the leading digital homeownership company and the first fintech lender to achieve $100B in funded loans, today announced the launch of Better Insurance, the first end-to-end, white labeled solution that allows customers to purchase homeowners insurance through a fully online experience.

/retail

Leek Building Society taps Uinsure to deliver insurance quoates in under 20 seconds

Leek Building Society has today announced its new partnership with leading insurtech, Uinsure, that will significantly improve members’ experiences when arranging home and landlord insurance.

Payments system cyber attack could cost the world $3.5 trillion

/security

Payments system cyber attack could cost the world $3.5 trillion

Insurance marketplace Lloyd's of London is warning that a major cyber attack on a systemic payments system could cost the world economy $3.5 trillion.

/retail

Tonik moves into insurance

Tonik, the trailblazing digital bank in the Philippines, is thrilled to announce its newest strategic partnership with prominent life insurance company Sun Life Grepa Financial, Inc. (Sun Life Grepa).

/wholesale

TSB taps Superscript to offer insurance to small business banking customers

TSB, the high-street bank, has chosen Superscript, the insurtech scale-up, to provide its small business banking customers with personalised, flexible business insurance.

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