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Insurance customers want claims settled in hours, not days

Insurance customers want claims settled within hours, not days, reveals new report by CitizenMe and insurtech, Sprout.ai

US Life insurer payouts hit record US$100bn in 2021 - up 27%

US life insurers saw a 27% jump in death benefit claims in 2021 - amounting to more than US$100bn as increased deaths resulted in leap in claims

Open banking in insurance: Yapily and Certua partner up

Yapily and Certua have teamed up to bring open banking benefits to the insurance sector, including personalised recommendations based on transaction data

Southeast Asian fintech Igloo in $27mn Series B extension

GK8 & USI Insurance launch US$1bn digital asset insurance

Catch up: complying with EIOPA rules on cloud outsourcing

Tower Insurance trials parametric cyclone cover in Fiji

Ideal Life launches mobile insurance app in Vietnam

Marsh space insurance a step towards manned rocket cover?

US Life insurer payouts hit record US$100bn in 2021 - up 27%

US life insurers saw a 27% jump in death benefit claims in 2021 - amounting to more than US$100bn as increased deaths resulted in leap in claims

Insurance customers want claims settled in hours, not days

Insurance customers want claims settled within hours, not days, reveals new report by CitizenMe and insurtech, Sprout.ai

Southeast Asian fintech Igloo in $27mn Series B extension

Southeast Asian fintech Igloo has raised US$27mn in Series B extension, as it seeks to insure the region's growers against the effects of climate change

GK8 & USI Insurance launch US$1bn digital asset insurance

GK8 and USI insurance have partnered to launch digital asset insurance plans for GK8 customers, enabling greater trust and bigger investment potential

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Insurtech Superscript becomes Lloyd’s broker for Europe

Insurtech Superscript has become Lloyd’s broker for Europe following its recent continental launch

Spott unveils pay-as-you-sell insurance for online merchants

Israeli insurtech Spott has launched 'pay-as-you-sell' insurance for growing ecommerce merchants, who would otherwise have to pay thousands up front

German insurtech Omni:us secures €12mn Series A extension

German insurtech Omni:us has raised a further €12mn for its end-to-end insurance claims automation, including new investor Württembergische Versicherung

UK Insurtech Zego expands partnership with QBE for B2C cover

UK-based insurtech Zego expands its partnership with QBE Insurance Group to include B2C offerings with van and car 30-day and flexible policies

No-code platform CoverGo expands to MEA after $15mn raise

CoverGo will use US$15mn of Series A funding to expand into the Middle East – a market it calls "perfect" for its no-code, API-driven insurance platform

UK pet Insurtech startup Napo raises US$17.7 in Series A

UK pet Insurtech startup Napo raises US$17.7 in Series A nround to drive its growth strategy and provide better holistic pet care

Leading insurtech Insurity sees revenue hit US$300mn in 2022

Leading insurtech Insurity sees revenue hit US$300mn in 2022, placing it at the top of the marketplace for insurance software providers

Pacific Life Re speeds up PMO to drive demand management

Pacific Life Re has accelerated its PMO maturity to drive forward demand management

Singapore to see insurance growth amid construction boom

The insurance market in Singapore is expected to grow in the next few years, particularly in property insurance as the nation undergoes a construction boom

New pilot to test 'real-time' approach to business insurance

Technology provider Codat, broker Capsule and insurer Aviva will test a new 'real-time' approach to business insurance designed for high-growth companies