Insurers need to move away from just a contract and provide a real service

Building an on-demand insurance solution which provides a service rather than a ‘contract’ is how the space will evolve, according to a panel at the Global InsurTech Summit 2019.

Root Insurance collects $51m Series C led by Redpoint

Auto InsurTech platform Root Insurance has collected $51m in its Series C funding round led by Redpoint Ventures.

Rideshare InsurTech startup Buckle bags $31m for its Series A

Buckle, which claims to be reinventing the insurance model for the gig economy, has bagged $31m in its Series A round.

Zipari nabs $7m for predictive health insurance CRM

Insurance CRM provider Zipari has secured $7m in a Series A round led by Vertical Venture Partners.

COVID-19 has highlighted insurers’ need to update the tools they use to estimate risk...

The coronavirus has transformed businesses in a very short time, but could also provide insurers with an opportunity to rethink their old ways of estimating risks.

Software and analytics startup Fenris Digital bags $1.7m in funding

Fenris Digital, a software and analytics company, has bagged $1.7m in its seed funding round.

Verisk partners with legal analytics solution CourtSideTM

Verisk, a data analytics platform, has parented with the legal analytics solution CourtSideTM to help insurers get access to court decisions.

Covered Insurance Solutions receives a strategic investment

Digital agency Covered Insurance Solutions has received a strategic investment from Radian Group, a provider of mortgage insurance and other related services.

Zego to offer drivers free 14-day cover for coronavirus cases

Digital insurance platform Zego is now offerings customers who have been forced to self-isolate due to coronavirus with up to 14 days of free cover.

DealerPolicy to improve access to car insurance after partnership with Herb Chambers

DealerPolicy, an insurance solution for car dealers, has partnered with automotive group Herb Chambers to offers insurance quotes.

News Stories

Swedish Financial Supervisory Authority penalises SEB with $112m fine for AML failings

The Swedish Financial Supervisory Authority (SFSA) has given Nordic bank SEB with a SEK1bn ($112m) administrative fine after failings in its anti-money laundering efforts.

Swedbank is being investigated by the Swedish Financial Supervisory Authority for suspected compliance breaches

The Swedish Financial Supervisory Authority (SFSA) has initiated an investigation into Swedbank for suspected breaches of market abuse.

The European Banking Authority releases online survey for support on ESG risks

The European Banking Authority (EBA) issued a online survey to credit institutions to offer guidance on the disclosure of information on environmental social governance (ESG) risks.

The European Central Bank is reducing the burden of reporting for banks

The European Central Bank (ECB) has reduced the reporting burden banks in Europe face without impacting the amount of information it is able to collect.

The UK’s FCA launches new review of unsecured credit market

The UK’s Financial Conduct Authority (FCA) has launched a review of the future regulation of the unsecured credit market, which could see crackdown on companies

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