Insurance

269 articles tagged with this keyword

/markets

Emirates NBD's Deniz Ventures, Rasmal Ventures provide Mena securitisation innovation $7.6m boost

The world's first AI-powered securitisation platform, TeamSec, aims to transform the structured finance industry through a securitisation-as-a-service platform.

/retail

DriveScore helps good drivers get cheaper car finance

DriveScore, a UK app that uses telematics to track how users drive to help them save on insurance, is moving into car finance.

/ai

NextGen: AI – Exploring the impact of generative AI in financial services

Join Finextra at our inaugural London event at the end of November to redefine the role of AI in financial services and explore the impact of generative AI.

/security

AFP: Business continuity starts with careful plans

A series of tough questions greeted a room of just-arrived attendees to AFP in Nashville, Tennessee before the keynote address from Malcolm Gladwell who delved into weighty matters, exploring anecdotes and examples from his new book Revenge of the Tipping Point.

/retail

Wefox rescued from insolvency amid "profound" restructuring

One-time insurance unicorn wefox has secured €25 million in fresh capital amid a brutal restructuring effort to keep the ailing business afloat.

/security

Elmore and Green Swan to offer insurance coverage against APP fraud

Elmore Insurance Brokers and RegTech Green Swan Compliance have teamed up on the development of an Authorised Push Payment (APP) Fraud Reimbursement Insurance product for qualifying UK banks, Payment Service Providers, E-Money Institutions, and Authorised Payments Institutions.

/startups

Wefox warns shareholders of insolvency

Insurance unicorn Wefox has warned investors that it may soon face insolvency due to financial losses and regulatory charges.

/retail

Bunq makes GenAI assistant fully conversational

Dutch neobank bunq has upgraded its GenAI assistant Finn to make it "fully conversational" and rolled out a travel insurance product.

/startups

Q1 sees almost 500 fintech deals

There were nearly 500 fintech financing and M&A deals in the first quarter of 2024, with insurtech, crypto and blockchain proving hot areas, according to data from Royal Park Partners (RPP).

/crypto

Insurers target crypto market

The global insurance industry is turning its attention to the risks posed by cryptocurrencies and digital assets, judging by recent product announcements.

/security

Cyber attacks cost financial firms $12bn says IMF

Financial services firms have been hit with $12bn in losses over the last two decades as a result of cyber attacks, according to a recently published report from the International Monetary Fund (IMF).

/markets

Iosco to examine business models of ever-expanding exchanges

The International Organisation or Securities Commissions (Iosco) has launched a consultation paper to examine the risks associated with the evolving business models of stock exchanges and other market infrastructures.

/predictions

Embedded Finance market to be worth $22bn by 2028

The market for embedded finance is forecast to grow by 148% over the next five years, according to a recently published study.

/security

JPMorgan invests in Eye Security

JPMorgan Chase's growth equity investment unit has led a €36 million Series B funding round for Dutch cybersecurity firm Eye Security.

/retail

US banking platform Oxygen closes customer accounts

American digital banking platform Oxygen is closing customer accounts by the end of March as it pivots towards heath insurance.

/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.

/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.

/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.

/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.

/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.