News
InsurTech Assured Allies Closes $42.5M Series B Funding Round
Assured Allies, an InsurTech company for evidence-based aging, announced that it has closed a $42.5 million Series B funding round, bringing the total capital raised to $65 million. The round was ...
The Latest Launches From bolt, Wipfli, ICEYE
Insurance exchange bolt and Pathpoint, a digital wholesaler for small commercial excess and surplus, announced the launch of Pathpoint's integration into bolt Access, bolt's wholesale agency digital ...
What is business transformation in insurance? Insurance business transformation is an operating model and technology foundation shift that allows organizations...
To the Moon and Back: Space Tourism and Insurance
Space tourism, or human space travel for recreational purposes, is in its early days. For insurers, this means it's an emerging business that most aren't ready to tackle yet. Neil Stevens, senior ...
Intangic MGA Launches Cyber Parametric Policy With Backing From AXA XL
Intangic MGA, a London-based cyber managing general agent (MGA), has been launched with capacity backing from AXA XL, offering new cyber insurance cover for large public corporations headquartered in ...
Heavier Vehicles, Distracted Drivers Impacting Claim Severity: CCC Intelligent Solutions
Roadways in the U.S. are carrying heavier, more powerful vehicles operated by motorists who are older, driving faster and more often distracted, according to CCC Intelligent Solutions' annual Crash ...
Senate Leader Schumer Urges Federal Safety Probe into Freight Railroads
U.S. Senate Majority Leader Chuck Schumer on Wednesday urged the National Transportation Safety Board to launch an investigation into safety practices of all seven major freight railroads, following ...
Government’s SVB Intervention Saved Insurers From Significant D&O Claims
Had the federal government not stepped in to make Silicon Valley Bank (SVB) depositors whole, providers of directors and officers insurance for startups and venture capitalists — as well as ...
China’s Ping An Insurance Reports 17.6% Drop in 2022 Profit
Ping An Insurance Group Co. of China Ltd., China's largest insurer by market value, reported a 17.6 percent drop in its 2022 annual net profit on Wednesday due to a slump in investment gains. Its ...