InsurTech

The recent acquisition of 360 Insurance by PCF Insurance Services marks a significant milestone in the insurance brokerage industry. As PCF, one of the top 20 U.S. insurance brokerages, continues its growth trajectory through strategic mergers and acquisitions (M&A), this deal underscores its ambition to solidify its market position, particularly in the Las Vegas area. The move is not only

Nexus Underwriting Group US has embarked on an ambitious new venture with the launch of an advanced Alternative Risk Transfer (ART) business. This new division aims to offer cutting-edge (re)insurance solutions that cater to complex risk management needs, particularly targeting Property, Liability, and Multi-line insurance. By positioning itself in this niche market, Nexus hopes to address the growing demand for

The landscape of the insurance industry is undergoing a transformation fueled by increasing consumer expectations for technological advancements. As severe weather events become more frequent and destructive, policyholders are prioritizing technological efficiency in their insurance providers over cost, reshaping the competitive dynamics within the sector. This shift highlights the evolving preferences of consumers who now view advanced technology as a

The partnership between Carpe Data and EverPeak Insurance is set to revolutionize the workers’ compensation underwriting process by leveraging the power of predictive data analytics. Carpe Data, a firm renowned for its innovative technological solutions, has joined forces with EverPeak Insurance, a dynamic newcomer to the market, to modernize and streamline underwriting functions. By strategically integrating Carpe Data’s Minerva platform,

Clearcover, a tech-savvy insurance provider, and ServiceUp, a pioneer in automotive repair technology, have teamed up to revolutionize the car repair experience. This innovative partnership aims to streamline and significantly enhance the entire process for Clearcover policyholders, offering unprecedented convenience, efficiency, and a remote service model that reshapes traditional repair services. By integrating their respective technological platforms, Clearcover and ServiceUp

APOLLO Insurance, a prominent player in the digital insurance sector in Canada, has launched a new product specifically for pet owners. This move, in collaboration with Petsecure, reflects the company’s strategic response to a growing demand for pet insurance and aims to alleviate the financial burden associated with unexpected veterinary expenses. With the rising number of pets in Canadian households,

The insurance industry has long been anchored by traditional practices, especially within smaller agencies that are comfortable with paper-centric processes. However, as the landscape becomes increasingly competitive and customer expectations shift, maintaining old methods can hinder operational efficiency and growth. This article explores how InsurTech can revolutionize traditional insurance agencies, with a focus on the partnership between Skyline Insurance and

The Financial Conduct Authority (FCA) has been intensifying its focus on the insurance sector, urging insurers and brokers to ensure their products deliver fair value and positive customer outcomes. This move stems from concerns about inadequate information sharing and a failure to clearly identify target markets. The FCA’s latest actions and guidelines are poised to reshape the industry’s approach to

In recent years, the insurance industry has seen an influx of innovation, driven by technology and changing customer needs. A prominent player in this transformation is EIR, a Swedish-based InsurTech firm. By leveraging tech-driven solutions and strategic market expansion, EIR is redefining the traditional insurance paradigms across Europe. Notably, EIR’s swift and calculated expansion into new markets, coupled with its