London-based insurtech firm, ChainThat, has recently announced the appointment of Vikas Acharya as the Chief Executive Officer (CEO), effective immediately. With his extensive experience in enterprise technology in the insurance market and his instrumental role as Co-Founder of the company, Acharya is poised to lead ChainThat into a new era of growth and innovation. Background on ChainThat and Acharya’s involvement
In this rapidly evolving digital world, simplicity and convenience are paramount, particularly for businesses offering intangible solutions like insurance. The ability to provide hassle-free payment options is crucial for insurance carriers, as paying premiums and receiving claims payments are the most frequent and sensitive interactions they have with policyholders. Therefore, payments serve as the cornerstone of the overall customer experience.
Keystone Agency Partners (KAP), a rapidly growing insurance brokerage platform, has reached a significant milestone by adding its 20th Platform Partner. The company has recently announced its strategic acquisition of LifeQuotes, a trailblazing life insurance price comparison service. This acquisition aims to integrate LifeQuotes into KAP’s dynamic ecosystem, providing enhanced customer solutions and unlocking new avenues for growth and innovation.
In the fast-paced InsurTech realm, gaining insights from diverse markets is an invaluable opportunity; one not to be missed. Novidea, a leading InsurTech company, believes that understanding the intricacies of different markets can lead to groundbreaking innovations. The prospect of understanding whether strategies successful in the UK could be replicated in the diverse Asian market sparked their professional curiosity. Novidea
Allianz Partners, a leading global assistance and insurance company, has been selected by NatWest Group to serve as the travel insurance provider for their packaged bank account customers. This strategic partnership encompasses NatWest Group’s wider family of banking brands, including NatWest, Royal Bank of Scotland, and Ulster Bank. Starting from February 2024, customers will gain access to Allianz Partners’ comprehensive
In a significant development in the insurance industry, Akur8’s RISK and RATE modules have been chosen by MAPFRE, the ninth-largest insurance company in Europe and the seventeenth largest globally. This partnership not only reinforces Akur8’s position in the Spanish market but also highlights its reputation as the preferred choice for major players in non-life insurance pricing. Akur8 in the Spanish
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
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
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
