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/Insurance

Liberty launches global fintech challenge

In partnership with Matchi, Liberty is challenging the global FinTech community to enter their market-ready solutions into the Liberty FinTech Challenge 2016.

/Insurance

Shift Technology raises $10m to help insurers fight fraud

Shift Technology, a software-as-a-service platform that uses the latest advances in data science and machine learning to help insurers detect claims fraud, announces today a $10 million Series A investment led by Accel, with participation from previous investors Elaia Partners and Iris Capital.

Aviva invests in tech accelerator

/Insurance

Aviva invests in tech accelerator

UK insurance and finance group Aviva has made an undisclosed investment in Founders Factory, a digital accelerator and incubator co-founded by Brent Hoberman, Henry Lane Fox and Jim Meyerle.

/Insurance

Intertel enlists Red Box Recorders in fight against insurance fraud

Intertel, Inc., the leading medical canvassing firm in North America, has chosen Red Box Recorders as a key technology partner in the drive to combat insurance fraud.

/Insurance

Bain Capital and Vista Equity Partners agree to buy insurance tech firm Vertafore

Vertafore, the leader in modern insurance technology, today announced that funds affiliated with Bain Capital Private Equity and Vista Equity Partners have entered into a definitive agreement to jointly acquire the company from TPG Capital.

/Insurance

Msg Global establishes innovation lab in Toronto

msg global solutions, a Swiss-based provider of integrated technology and services to the global financial services industry, has established a presence in Canada with the opening of its office in Toronto.

Trov raises $25.5m for on-demand insurance app

/Insurance

Trov raises $25.5m for on-demand insurance app

After raising $25.5 million in a Series C funding round, mobile-based on-demand insurance platform Trov is gearing up to launch in its first market, Australia.

/Insurance

Guidewire Software bags Hiscox deal

Guidewire Software, Inc. (NYSE: GWRE), a provider of software products to general insurers, today announced it has entered into a long-term services agreement with international specialist insurer Hiscox (LSE: HSX).

/Insurance

Accenture and Apax Partners form insurance software JV

Accenture (NYSE:ACN) and Apax Partners, a leading global private equity firm, have agreed to form a joint venture to accelerate the innovation of claims, billing and policy administration software for the insurance industry.

/Insurance

Zurich Gruppe Deutschland signs for Guidewire InsuranceSuite

Zurich Gruppe Deutschland, and Guidewire Software, Inc. (NYSE: GWRE), a provider of software products to general insurers, today announced that Zurich Gruppe Deutschland has selected Guidewire InsuranceSuite as its new platform for underwriting, policy administration, claims management, and billing.

/Insurance

JMR Infotech’s Avenir receives Oracle validated integration

JMR Infotech, a Platinum level member of Oracle PartnerNetwork (OPN), today announced it has achieved Oracle Validated Integration for JMR Avenir with Oracle Insurance Policy Administration 10.1.

/Insurance

Tieto and LähiTapiola increase collaboration

Tieto and insurance company LähiTapiola have signed a contract for continuing and increasing collaboration in development of infrastructure environments and digital services until 2020.

/Insurance

AFA Insurance implements VPD Fixed Income Attribution

AFA Insurance has gone into production with VPD Fixed Income Attribution, part of the VPD Risk & Performance suite of solutions.

BNP Paribas begins fintech accelerator programme

/Insurance

BNP Paribas begins fintech accelerator programme

BNP Paribas has picked eight fintech startups to take part in a four month accelerator programme that will see each firm work on developing products and services for specific areas of the bank's business.

Global funding for VC-backed fintech firms doubles to $13.8bn

/Insurance

Global funding for VC-backed fintech firms doubles to $13.8bn

2015 was the year that financial technology entered the mainstream, claims a new report from KPMG and CB Insights which estimates that VC-backed fintech firms around the world secured $13.8 billion in funding as they began having a serious impact in every area of banking and insurance.

/Insurance

Online insurance manager CoverWallet raises $2m

CoverWallet, the first online insurance manager, announced it received $2 million in seed funding from Two Sigma Ventures, Highland Capital Partners, Founder Collective and a long list of strategic angel investors.

500 Startups launches $25m fintech fund

/Insurance

500 Startups launches $25m fintech fund

Early-stage venture firm 500 Startups is launching a $25 million fintech fund focussed on investing in startups building "financial services for the rest of us".

/Insurance

Wolters Kluwer appoints new head of China Financial Services business

Wolters Kluwer has appointed Yong Zhao as its new general manager for the Financial Services market in China. Zhao, who will be based in Shanghai, will help spearhead further growth for the financial technology firm in the market.

/Insurance

Wolters Kluwer revamps NILS INsource research repository

Wolters Kluwer Financial Services today announced enhancements to NILS INsource, an online research repository tailored to compliance, government, legal and regulatory affairs professionals working in the insurance industry.

HSBC invests in cognitive computing firm CustomerMatrix

/Insurance

HSBC invests in cognitive computing firm CustomerMatrix

HSBC has led a $10.5 million Series B funding round for New York-headquartered cognitive computing startup CustomerMatrix.

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