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InsurTech

SiriusPoint and Hellenic Hull Management Form Strategic Marine Insurance Alliance
FinTech Insurance
SiriusPoint and Hellenic Hull Management Form Strategic Marine Insurance Alliance

The marine insurance industry is witnessing a significant development with the strategic partnership between SiriusPoint, a global insurer and reinsurer, and Hellenic Hull Management (HMA), a prominent marine hull and machinery underwriter in Greece and Cyprus. This collaboration is anticipated to bring substantial advancements in the marine insurance sector, leveraging the strengths of both organizations to deliver enhanced services and

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How Will the NTT DATA and iPipeline Partnership Transform Insurance?
FinTech Insurance
How Will the NTT DATA and iPipeline Partnership Transform Insurance?

The landscape of the insurance industry is on the brink of a significant transformation, driven by the new strategic partnership between NTT DATA UK&I and iPipeline. This collaboration seeks to bring about enhanced technological capabilities and operational efficiencies, promising a future where digital solutions play a pivotal role in reshaping insurance processes. Enhancing Technological Capabilities Leveraging Expertise for Better Digital

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Roadzen Secures New Funding to Revolutionize AI-Driven Auto Insurance
FinTech Insurance
Roadzen Secures New Funding to Revolutionize AI-Driven Auto Insurance

Roadzen Inc., a globally recognized innovator in AI-enhanced auto insurance solutions, recently achieved a significant milestone by securing an extension for its loan maturity date and an additional $4 million in capital from Mizuho Securities. This strategic financial move aims to simplify the company’s balance sheet and handle costs associated with going public. The additional funding and extended loan will

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How Will Laka’s Entry into France Transform Bicycle Insurance?
FinTech Insurance
How Will Laka’s Entry into France Transform Bicycle Insurance?

Laka, a pioneer in the InsurTech space, is making headlines with its strategic entry into the French market. Since its inception in 2017, Laka has been known for its innovative, customer-centric approach to bicycle insurance. This expansion into France represents a significant milestone for Laka and promises to bring about substantial changes in the landscape of bicycle insurance. The company’s

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UK Insurers Struggle to Meet Consumer Duty Act Standards, Survey Finds
FinTech Insurance
UK Insurers Struggle to Meet Consumer Duty Act Standards, Survey Finds

NTT DATA UK&I’s recent survey reveals a concerning trend: 82% of UK consumers have not observed any significant change in their interactions with insurance providers since the Consumer Duty Act was implemented in July 2023. This new legislation was intended to enhance customer care standards within financial services. However, the data shows a wide gap between regulatory objectives and real-life

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How Will Gradient AI’s $56M Investment Transform Insurance Industry?
FinTech Insurance
How Will Gradient AI’s $56M Investment Transform Insurance Industry?

Gradient AI recently made waves in the insurance sector by securing $56.1 million in Series C funding, marking a significant milestone for the enterprise software provider specializing in AI-powered insurance solutions. This substantial financial boost is set to propel the company’s innovation to new heights and reshape the landscape of the insurance industry through advanced artificial intelligence technologies. Stan Smith,

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InsuranceDekho Enters Reinsurance Broking to Enhance Market Presence
FinTech Insurance
InsuranceDekho Enters Reinsurance Broking to Enhance Market Presence

India-based insurtech firm InsuranceDekho has recently achieved a significant milestone by acquiring a composite insurance broking license from the Insurance Regulatory and Development Authority of India (IRDAI). This approval is a key development for the firm, allowing it to dive into the reinsurance broking sector, thereby complementing its existing insurance broking services. InsuranceDekho aims to mitigate a portion of the

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Cowbell Secures $60M Series C to Enhance Cyber Insurance for SMEs
FinTech Insurance
Cowbell Secures $60M Series C to Enhance Cyber Insurance for SMEs

Cowbell Cyber, a leading provider of cyber insurance tailored for small and medium-sized enterprises (SMEs), has successfully completed a substantial $60 million Series C equity investment round. This influx of capital is not only a significant financial milestone for Cowbell but also a strategic move to expand its operations and meet the burgeoning demand for cyber insurance. The urgency for

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Insurtech UK Launches Panel to Boost Innovation and Sector Growth
FinTech Insurance
Insurtech UK Launches Panel to Boost Innovation and Sector Growth

Insurtech UK, a leading group devoted to the advancement of the UK’s InsurTech industry, has announced the launch of a new Advisory Panel aimed at driving strategic priorities and fostering industry growth. Supported by HM Treasury, this initiative is designed to cement the UK’s position as a global leader in InsurTech innovation. The new Advisory Panel seeks to integrate previous

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Heymondo and Blink Parametric Launch Instant Travel Insurance in Spain
FinTech Insurance
Heymondo and Blink Parametric Launch Instant Travel Insurance in Spain

The travel insurance landscape in Spain is set to transform dramatically with the recent introduction of an innovative solution by Heymondo in collaboration with Blink Parametric. This new product, known as the Blink Flight Disruption solution, aims to enhance customer experience by leveraging parametric insurance technology to provide immediate assistance to travelers facing flight delays. This initiative, underwritten by MAWDY,

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How Does ZestyAI Enhance Storm Risk Prediction in Texas?
FinTech Insurance
How Does ZestyAI Enhance Storm Risk Prediction in Texas?

In recent years, Texas has been frequently hit by severe convective storms, making accurate storm risk prediction more crucial than ever. Enter ZestyAI, a leading property risk analytics company that has developed a groundbreaking suite of AI-powered storm risk assessment tools tailored to meet the specific needs of Texas. The state’s high incidence of hail events has made it a

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How Did MAPFRE Achieve 46% Growth in Net Results in Early 2024?
FinTech Insurance
How Did MAPFRE Achieve 46% Growth in Net Results in Early 2024?

MAPFRE, a multinational insurance company, has demonstrated exceptional financial performance in the first half of 2024, achieving a remarkable 46% growth in net results, amounting to 462 million euros. This significant increase underscores the company’s resilience and strategic initiatives amid challenging and competitive market conditions. By tapping into diverse regional opportunities and leveraging strategic measures, MAPFRE has successfully navigated through

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