Hackers demand $1m from insurer Shirbit to keep compromised client data private

Hacking group Black Shadow has demanded to be paid almost $1m to keep the customer data it stole from Israeli insurance company Shirbit private.

AgentSync secures $6.7m seed extension

InsurTech AgentSync has secured $6.7m in a new funding round led by Craft Ventures.

New reinsurer Conduit seals London’s third biggest IPO this year, value exceeds £826m

Newly-launched reinsurer Conduit Holdings has made a strong start to its time as a listed business after seeing its share value rise above its initial 500 pence offering in its first day of trading.

AXA XL improves its claims process through Xtract partnership

AXA XL has signed a multi-year partnership and licensing agreement with data aggregation platform Xtract to transform its auto claims management process.

dacadoo launches new health engagement service for insurers

dacadoo, which builds digitalisation services for the healthcare space, has released a new digital health engagement platform to meet changing demands of insurance customers.

UPS Capital Insurance Agency deploys its insurance services to AscendTMS

UPS Capital Insurance Agency is making its shipping insurance coverage options available to small and medium-sized businesses through AscendTMS.

Cybersecurity, InsurTech and neobank ventures led the 29 FinTech rounds raised last week

Out of the 29 FinTech funding rounds we reported on last week, cybersecurity companies, InsurTechs and challenger banks were among the clear winners.

Over two fifths of health insurers still lack a consumer facing app

Only 42% of health insurers in Europe have a consumer facing app, despite the rising importance of digitalisation, according to a new whitepaper from Scanbot.

Novidea – the future of broking

To succeed, the broker of the future must transition into a consultancy role that provides an enhanced service and greater value to customers. This means embracing change through customer-centric, data-first technologies, according to leading broker platform provider Novidea.

Zywave acquires fellow InsurTech platform ITC to improve its sales cloud services

Insurance software developer Zywave has acquired Insurance Technologies Corporation (ITC), a provider of marketing, rating and management solutions for the insurance industry.

News Stories

Amount secures $81m Series C investment to help supercharge banks’ digital transformation

Technology provider for financial institutions Amount has added $81m to its coffers in a Series C investment round led by Goldman Sachs Growth.

Signzy has secured $3m in new funding

India-based Signzy has added another $3m to its coffers just months after the startup raised $5.4m in a previous round.

FloatMe has bags almost $3.7m in funding

San Antonio-based Floatme has netted $3.7m in equity financing.

Floww nets $6.7m in seed funding

Data-driven investor marketplace Floww has raised $6.7m in a seed funding round led by angel investors and friends.

Fisdom has closed a $7m funding round led by PayU

WealthTech startup Fisdom has bagged $7m in an investment round led by payment technology firm PayU.

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