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Covrzy Secures IRDAI License to Boost Business Insurance for SMEs
August 5, 2024
Covrzy Secures IRDAI License to Boost Business Insurance for SMEs

In a groundbreaking development, Indian InsurTech startup Covrzy has been granted a direct broking (general) license by the Insurance Regulatory and Development Authority of India (IRDAI). This regulatory milestone paves the way for Covrzy to broaden its market reach and

Orion180 Expands into Ohio, Offering Tailored Home Insurance Solutions
August 5, 2024
Orion180 Expands into Ohio, Offering Tailored Home Insurance Solutions

Orion180, a pioneering innovator in the insurance sector, has announced its strategic expansion into Ohio, aiming to offer specialized coverage solutions that cater to the diverse needs of homeowners. This announcement signifies a significant milestone as the company seeks to

Why is wefox Exiting the German Market to Focus on Profitable Regions?
August 5, 2024
Why is wefox Exiting the German Market to Focus on Profitable Regions?

Wefox, a prominent player in the InsurTech industry, has strategically decided to exit the German insurance market to focus its efforts on more lucrative regions. This move comes following two significant transactions that mark the culmination of Wefox’s strategy to

CIBC Investment Fuels Wisedocs’ AI Expansion in InsurTech Sector
August 5, 2024
CIBC Investment Fuels Wisedocs’ AI Expansion in InsurTech Sector

The FinTech sector is experiencing rapid advancements, and Wisedocs, an InsurTech company specializing in AI-driven solutions, is at the forefront of this transformation. Recently, Wisedocs secured a $4.5 million CAD growth capital financing from CIBC Innovation Banking. This strategic investment

AXA to Sell AXA Investment Managers to BNP Paribas for €5.4 Billion
August 5, 2024
AXA to Sell AXA Investment Managers to BNP Paribas for €5.4 Billion

AXA, the prominent global insurance and financial services company, has entered exclusive negotiations to sell its asset management arm, AXA Investment Managers (AXA IM), to BNP Paribas in a transaction valued at €5.4 billion. This significant market move marks a

How Is AI Driving the Surge in Insurtech Funding in Q2 2024?
August 2, 2024
How Is AI Driving the Surge in Insurtech Funding in Q2 2024?

The second quarter of 2024 marked a significant turning point for the global Insurtech sector, witnessing a surge in funding that reached $1.27 billion—the highest level since the first quarter of 2023. This resurgence is largely attributed to substantial investments

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Covrzy Secures IRDAI License to Boost Business Insurance for SMEs
August 5, 2024
Covrzy Secures IRDAI License to Boost Business Insurance for SMEs

In a groundbreaking development, Indian InsurTech startup Covrzy has been granted a direct broking (general) license by the Insurance Regulatory and Development Authority of India (IRDAI). This regulatory milestone paves the way for Covrzy to broaden its market reach and

Orion180 Expands into Ohio, Offering Tailored Home Insurance Solutions
August 5, 2024
Orion180 Expands into Ohio, Offering Tailored Home Insurance Solutions

Orion180, a pioneering innovator in the insurance sector, has announced its strategic expansion into Ohio, aiming to offer specialized coverage solutions that cater to the diverse needs of homeowners. This announcement signifies a significant milestone as the company seeks to

Why is wefox Exiting the German Market to Focus on Profitable Regions?
August 5, 2024
Why is wefox Exiting the German Market to Focus on Profitable Regions?

Wefox, a prominent player in the InsurTech industry, has strategically decided to exit the German insurance market to focus its efforts on more lucrative regions. This move comes following two significant transactions that mark the culmination of Wefox’s strategy to

CIBC Investment Fuels Wisedocs’ AI Expansion in InsurTech Sector
August 5, 2024
CIBC Investment Fuels Wisedocs’ AI Expansion in InsurTech Sector

The FinTech sector is experiencing rapid advancements, and Wisedocs, an InsurTech company specializing in AI-driven solutions, is at the forefront of this transformation. Recently, Wisedocs secured a $4.5 million CAD growth capital financing from CIBC Innovation Banking. This strategic investment

AXA to Sell AXA Investment Managers to BNP Paribas for €5.4 Billion
August 5, 2024
AXA to Sell AXA Investment Managers to BNP Paribas for €5.4 Billion

AXA, the prominent global insurance and financial services company, has entered exclusive negotiations to sell its asset management arm, AXA Investment Managers (AXA IM), to BNP Paribas in a transaction valued at €5.4 billion. This significant market move marks a

How Is AI Driving the Surge in Insurtech Funding in Q2 2024?
August 2, 2024
How Is AI Driving the Surge in Insurtech Funding in Q2 2024?

The second quarter of 2024 marked a significant turning point for the global Insurtech sector, witnessing a surge in funding that reached $1.27 billion—the highest level since the first quarter of 2023. This resurgence is largely attributed to substantial investments

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