Reinsurance News
InsurTech news
Insurance and reinsurance technology related news, focused on the wave of interest in InsurTech start-ups, investing in insurance technology initiatives, as well as reinsurance tech start-ups or ReinsurTech.
ICEYE nat cat data being integrated into Guidewire
20th June 2024
Guidewire, a provider of software solutions to the insurance industry, and ICEYE, of satellite-powered disaster management solutions provider, have launched ICEYE's new Ready for Guidewire validated accelerator on the Guidewire Marketplace, now accessible to ClaimCenter users on Guidewire Cloud. ICEYE, a recent graduate of the Insurtech Vanguards programme and winner of ... Read the full article
ZA Tech rebrands as Peak3 as it completes $35mn Series A fundraising
19th June 2024
ZA Tech, the next-generation insurance core system SaaS provider, has announced its rebrand as Peak3 and the successful completion of its $35mn Series A fundraising that will accelerate its expansion in the EMEA region. Founded in 2018, Peak3 has developed cloud-native, modular insurance core and distribution system that combines comprehensive capabilities ... Read the full article
Counterpart teams with Westfield Specialty to launch admitted management liability product
13th June 2024
Counterpart, an AI-driven management and professional liability insurtech has entered into a new partnership with Westfield Specialty Insurance, to provide an admitted product for Counterpart’s small business customers and, for the first time, nonprofit businesses, through its network of broker partners. According to the announcement, this new admitted management liability product ... Read the full article
hyperexponential and Send partner to transform insurance pricing ecosystem
12th June 2024
hyperexponential, a company specialising in pricing decision intelligence solutions, and Send, a provider of underwriting workbench capabilities, have joined forces in a partnership which integrates their technologies to create a comprehensive pricing ecosystem tailored for insurers. This collaboration enables users of hyperexponential’s hx Renew platform to seamlessly connect with Send’s underwriting ... Read the full article
Rachael Dugan joins Cover Whale as General Counsel & Corporate Secretary
10th June 2024
Insurtech, Cover Whale Insurance Solutions, Inc., has hired Rachael Dugan as the company's first General Counsel & Corporate Secretary, where she will report directly to Chief Executive Officer (CEO), Dan Abrahamsen. In the role, she is expected to lead all legal, compliance, corporate governance and regulatory affairs matters for the company. In ... Read the full article
Munich Re Specialty NA deploys Kalepa’s underwriting platform to enhance risk analysis
16th May 2024
Munich Re Specialty - North America, part of the Munich Re Group insurance operations, to enhance risk analysis, critical submission management capabilities, and document ingestion with Kalepa’s underwriting platform, Copilot. To support its rapid expansion in the US, the reinsurer chose to deploy the underwriting platform as it was looking for ... Read the full article
Cover Genius secures $80m in Series E Funding
16th May 2024
Cover Genius, an insurtech specialising in embedded protection, announced today the successful completion of its Series E funding round, securing $80 million. Despite the recent slowdown in tech funding, Spark Capital led the round, joined by existing investors Dawn Capital, King River Capital, and G Squared. This funding marks another milestone for ... Read the full article
Cover Whale hires Khurana & Hart as Chief Product Officer & Chief Architect
10th May 2024
Insurtech, Cover Whale Insurance Solutions, Inc., has bolstered its senior leadership team with two new hires, as Barninder Khurana joins the firm as Chief Product Officer and Bill Hart assumes the role of Chief Architect. Khurana takes on the role with a deep degree of experience in product management, program delivery, ... Read the full article
Front Street Re welcomes Edison Fong as new CEO
8th May 2024
Edison Fong has been named Chief Executive Officer of Front Street Re (FSR), an insurtech and reinsurance company focused on annuity, life, health, and general reinsurance solutions and is an operating subsidiary of Lexasure Financial Group Limited. Fong is joining the company from New York-based Converge Re, a reinsurance company focusing ... Read the full article
Janover launches new insurtech to revolutionise commercial insurance
2nd May 2024
Janover, an AI-enabled platform for commercial real estate transactions, has announced the launch of Janover Insurance, its new insurtech subsidiary for commercial property insurance and more. Blake Janover, Chairman, and CEO of Janover Inc., stated: “Our ability to navigate large complex transactions in a marketplace model, particularly in multifamily and commercial ... Read the full article
InsurTech market sustainability grows as investors spread capital more evenly: Gallagher Re
2nd May 2024
A new report from Gallagher Re has revealed that Q1 2024 global InsurTech funding dropped 17.3% quarter on quarter to $912.3 million, though deal count climbed to 107, indicating that frequency and interest are not waning, but the average check size per deal is decreasing. As per the reinsurance broker's Global ... Read the full article
Tractable AI’s Aleksander Surowiak joins Previsico as Head of Sales
10th April 2024
Live flood forecasting Insurtech Previsico has hired Tractable AI's Aleksander Surowiak as Head of Sales to bolster Previsico’s growth and nurture pivotal partnerships across the insurance industry. Surowiak brings a vast degree of startup scaling experience towards the role, having previously spearheaded sales in Northern and Central Europe at Tractable AI. Previously, ... Read the full article
Novidea raises additional $30m from HarbourVest Partners
9th April 2024
Global insurtech Novidea 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. Throughout the past few years, the insurtech has witnessed major growth, selling to insurance ... Read the full article
Faura raises $500k to help insurers better understand their portfolio risk
2nd April 2024
Insurtech Faura has successfully raised $500k to help insurance companies and homeowners reduce their natural disaster risk. Cities throughout the US have been impacted by natural catastrophes, like wildfires in Maui and flooding across the Northeast and Florida, in recent years; disaster activity that only keeps growing. This has left ... Read the full article
Coterie secures $27m in new capital investment from Hiscox and others
20th March 2024
Coterie Insurance, an insurtech managing general agent (MGA), has recently secured $27 million in new capital investment from Hiscox, alongside various existing investors. Expressing gratitude for this investment, David McFarland, CEO of Coterie, states, "We're incredibly grateful for the recognition and belief in how we're reimagining the small commercial insurance space ... Read the full article
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