Category : InsurTech

InsurTech News

Slide Secures Additional $100 Million Cat Bond with Closing of Purple Re Ltd.

Business Wire
by Business Wire0
Slide expands its collateralized reinsurance protection with the help of capital market investors Slide Insurance, the full-stack insurtech focused on providing affordable, effective homeowners coverage, announced it has finalized pricing for its latest catastrophe (cat) bond, closing the $100 million Purple Re Ltd. (Series 2023-2). This is the second cat......
Fintech Funding InsurTech News

Sigo Seguros Raises $5.1 Million in Pre-Series A Funding

Business Wire
by Business Wire0
Sigo Seguros, the rapidly growing insurtech company with a Spanish-first approach to providing auto insurance services for immigrant and working-class communities, announces it has raised an additional $5.1 Million in its pre-Series A funding round, co-led by Zeal Capital Partners and Listen Ventures with participation from existing investors Chingona Ventures, Revolution’s Rise of the......
Artificial Intelligence InsurTech News

Heffernan Insurance Brokers Expands Partnership with TrustLayer to Automate Insurance Verification for Customers

PR Newswire
by PR Newswire0
Heffernan Insurance Brokers, one of the largest full-service, independent insurance brokerage firms in the United States announced a partnership with TrustLayer, to allow customers to access TrustLayer’s artificial intelligence (AI)-powered collaborative risk management platform. TrustLayer will enable faster and more efficient proof of insurance verification and help Heffernan customers better manage......
Cloud InsurTech News

Amerisure Deploys Guidewire Cloud to Enhance Claims Experience

PR Newswire
by PR Newswire0
Michigan-based commercial Property and Casualty (P&C) insurer leveraging ClaimCenter on Guidewire Cloud to increase business agility and deliver more value to agents and policyholders Amerisure Insurance, a leading provider of commercial property and casualty insurance solutions for U.S.-based construction, manufacturing and healthcare businesses, and Guidewire announced that Amerisure successfully deployed Guidewire......
InsurTech News

AM Best Affirms Credit Ratings of M and C General Insurance Company Limited

Business Wire
by Business Wire0
AM Best has affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” (Excellent) of M&C General Insurance Company Limited (M&C General) (St Lucia). The outlook of these Credit Ratings (ratings) is stable. Latest Fintech Interview : Global Fintech Interview with......
InsurTech News

Liberate’s Generative AI-Powered FNOL Plugin Revolutionizes Claims Communication

Business Wire
by Business Wire0
Insurers Can Increase Efficiency & Satisfaction by Eliminating FNOL Language Barriers Liberate Innovations has introduced a generative AI-powered FNOL plugin that promises to revolutionize insurance claims processes by eliminating language barriers and providing more uniformity in customer experiences. Latest Fintech Interview : Global Fintech Interview with Anndy Lian, Intergovernmental Blockchain Expert,......
InsurTech News

Hexure and Annuities Genius Announce Partnership to Enhance the Selling Experience of Annuities

Business Wire
by Business Wire0
Hexure, a provider of sales and regulatory automation solutions for the life and annuity industry, announced a revolutionary integration between its sales automation platform, FireLight, and Annuities Genius, an insurtech annuities decision-making platform offering a user experience to streamline the sales and compliance process. Latest Fintech Interview : Global Fintech......
Fintech InsurTech News

AM Best Withdraws Credit Ratings of Kingstone Insurance Company

Business Wire
by Business Wire0
AM Best has affirmed the Financial Strength Rating of B- (Fair) and the Long-Term Issuer Credit Rating of “bb-” (Fair) of Kingstone Insurance Company (KICO) (Kingston, NY). The outlook of these Credit Ratings (ratings) is negative. Concurrently, AM Best has withdrawn these ratings as the company has requested to no longer......
InsurTech News

Oakbridge Insurance Expands Presence in North Carolina Through Partnership with JHA Risk Management

PR Newswire
by PR Newswire0
Oakbridge Insurance Agency LLC (Oakbridge), one of the largest independent insurance and risk management agencies in the United States, announced a new partnership with JHA Risk Management (JHARM), a personal and commercial property and casualty insurance agency in Rocky Mount, North Carolina. Specializing in risk management solutions, surety bonds, employee benefits and construction......
1