FinTech Insurance

In a significant move that underscores the shifting dynamics in the European insurance market, Swiss Re has agreed to sell iptiQ’s European property and casualty (P&C) business to Allianz Direct, an online insurer that is part of the Allianz Group.

Venture capital funding in insurance technology start-ups, or insurtech, is poised to stabilize and reach $4.2 billion by the end of 2024, reflecting financial levels similar to those seen in 2018 and 2023. During the first three quarters of 2024,

In a significant strategic shift, Swiss Re, a global reinsurance giant, has announced the sale of its iptiQ European Property & Casualty (P&C) business to Allianz Direct, the digital division of Allianz Group. This decision is part of Swiss Re’s

Insurers in the UK, Poland, and Greece are shifting away from transparent pricing models in favor of advanced, less transparent pricing strategies to enhance their financial performance. By adopting sophisticated tools like machine learning and price optimization algorithms, insurers aim