The insurance industry is on the brink of a digital revolution, and Root, a leading insurance technology platform provider, is spearheading this transformation. With its recent entry into the UK insurance market in 2023, Root has announced a strategic partnership with Connect by Admiral. This partnership aims to establish Root as the go-to platform for insurance businesses looking to enhance
Bharatsure, a Mumbai-based insurtech startup specializing in Infrastructure-as-a-Service (IaaS) solutions, recently announced that it has successfully secured $1 million in its latest funding round. This significant financial injection comes as a major boost to the company’s ongoing efforts to revolutionize group insurance distribution in India and marks a significant milestone for Bharatsure. Allocation of Funds The newly acquired funds have
Swifter.io, an innovative insurance experience platform, has officially become a participant in Guidewire’s InsurTech Vanguards program. This collaboration between Guidewire and swifter.io aims to educate insurers about the latest InsurTech solutions and the optimal strategies for their implementation, ultimately transforming the insurance distribution landscape. InsurTech Vanguards Program Overview The InsurTech Vanguards program serves as an exclusive community, comprising handpicked startups
Erie Strategic Ventures, the venture capital arm of Erie Insurance, has recently made strategic investments in three innovative portfolio companies. These investments aim to drive growth and innovation in the insurance industry while providing value to ERIE, its agents, and policyholders. The companies included in this investment are Wagmo, Roots Automation, and Trust & Will, each operating in different sectors
North Star Mutual Insurance Company, a leading insurance provider, has announced its strategic partnership with InsurTech leader Kalepa to leverage their highly acclaimed Copilot underwriting platform. This collaboration aims to revolutionize the company’s underwriting processes across property, liability, and umbrella lines of businesses. By harnessing the power of advanced technology, North Star Mutual Insurance Company aims to enhance its risk
European boutique Managing General Agent (MGA) Alta Signa Europe B.V. has recently announced the launch of its dedicated European Marine underwriting business. This strategic move is expected to create ripples in the insurance market as Alta Signa aims to expand its portfolio and offer specialized services to the Continental European Specialty Insurance market. Leadership and Focus Under the leadership of
The insurance industry, like many others, is undergoing a significant transformation with the upcoming implementation of Blueprint Two. As industry players gear up for this shift, brokers find themselves at the forefront of discussions. The main focus of the discourse has been the readiness of brokers to embrace the first phase of Blueprint Two, with a mandated deadline of July
Norton Rose Fulbright, a global law firm, is currently inviting entries for its seventh Insurathon, an illustrious competition that fosters innovation in the InsurTech sector by supporting start-up and scale-up technology businesses. This initiative is not just a contest; it is a cradle of technological advancements in the insurance industry, pushing the boundaries of what is possible. Support for Start-up
Global law firm Norton Rose Fulbright has opened the doors to its seventh Insurathon competition, offering support and investment to start-ups and scale-ups in the insurance sector. The competition aims to foster technological advancements and innovation within the industry, providing a platform for emerging businesses to showcase their ideas and solutions. Past Support and Investment Since the launch of the
Keystone Agency Partners (KAP), a leading insurance brokerage platform, has achieved a significant milestone by securing an additional $330 million in financing. This recent capital injection has propelled KAP’s total raised capital to a remarkable $1 billion, attracting oversubscription from existing lenders. The company’s financial success and steady growth are a testament to its strong position in the industry. Financial
Diversity, equity, and inclusion (DEI) programs have become an integral part of corporate efforts to create more inclusive work environments. These initiatives aim to address historical inequalities and promote equal opportunities for underrepresented groups. However, the legal landscape surrounding DEI programs has become increasingly complex, as exemplified by Pfizer’s recent experience. This article delves into the lawsuit brought against Pfizer
Newgen, a leading provider of content services and digital transformation solutions, has recently announced the availability of their state-of-the-art Guidewire Cloud-validated accelerators on the Guidewire Marketplace. This collaboration between Newgen and Guidewire opens up a world of possibilities for users of Guidewire ClaimCenter and PolicyCenter on Guidewire Cloud, offering them enhanced experiences and improved efficiency in their daily operations. Collaboration
