IIR

Majesco Acquires ClaimVantage to Strengthen and Scale Its L&A and Group Business

The acquisition expands the vendor’s product depth, growth potential while bringing domain knowledge as insurers seek voluntary benefit growth underpinned by successful digital and business transformation.

Posted: Jan 07, 2021

GIA Announces Seventh Annual Cohort with Seven New InsurTech Startups

A virtualized GIA program launches on January 19 with seven InsurTech companies virtually joining the accelerator’s annual 100-day program.

Posted: Jan 07, 2021

Simply Easier Payments Integrates with Vertafore QQCatalyst

The integration with QQ Catalyst, makes it easier than ever for its users to allow their customers to pay online securely with a credit card or ACH checking account transfer.

Posted: Jan 07, 2021

Gauging the Direct Commercial Lines Market Opportunity: Celent Study

The U.S. direct commercial insurance market is still in its infancy, but a 33 percent response of small business owners willing to buy online represents a $20 billion opportunity for insurers.

Posted: Jan 07, 2021

Longevitytech.fund Invests in Vesttoo

Vesttoo uses AI and machine learning to forecast and price long-tail risks such as longevity, excess mortality, lapse and transfer them to the capital markets.

Posted: Jan 06, 2021

Serent Capital Acquires XDimensional Technologies

Insurity veterans Lani Cathey and Jeffrey Glazer have joined the company as CEO and Executive Chairman in the wake of an investment directed at accelerated growth and market penetration.

Posted: Jan 06, 2021

Encova Expands Relationship with Bold Penguin to Improve Distribution Capabilities

The companies will collaborate on the rollout of a commercial insurance solution to improve the quoting experience for business owners’ policies for its independent agents.

Posted: Jan 06, 2021

Yukon Workers’ Compensation Implements Sapiens ClaimsPro Upgrade

The enhanced version of the platform is designed to streamline workflows, reduce costs and boost customer service.

Posted: Jan 05, 2021

Zywave Completes Acquisition of Insurance Technologies Corporation

The acquisition of ITC, backed by Clearlake and Aurora Capital Partners, expands the breadth and depth of Zywave’s P&C solutions, increasing the company’s total addressable market.

Posted: Jan 05, 2021

Altshuler Shaham Selects Sapiens to Operate and Automate Funds

Together with its recent acquisition of Tiful Gemel, Sapiens will operate and automate Altshuler Shaham’s provident and pension funds through a contract covering the next three years.

Posted: Jan 04, 2021

Buckle Names Sharon Fernandez Head of Insurance

Farmers Business Insurance and USAA veteran Sharon Fernandez brings 30 years of experience, including P&C operations, product and process improvement.

Posted: Jan 04, 2021

Tackling Life Insurance and Diabetes, Looking Beyond the Pandemic

t’s not a secret that life insurers have a vested interest in ensuring that policyholders lead long and healthy lives, but helping them achieve it is also the right thing to do.

Posted: Jan 03, 2021

The Pandemic and InsurTech: Joel Albarella, New York Life Ventures

The head of New York Life Ventures talks about the impact of the pandemic on the world of InsurTech investment.

Posted: Dec 23, 2020

Investing in the Investment Lifecycle

As insurers plan out digital transformation initiatives, they shouldn’t overlook their own asset management operations.

Posted: Dec 21, 2020

TONI Digital Launches New Insurance-as-a-Service platform on Socotra

The platform is designed to enable large corporations to quickly enter the insurance market, generate revenue, and leverage existing brand and customer bases.

Posted: Dec 21, 2020

Unqork and SE2 Expand Strategic Alliance

The partnership leverages Unqork’s enterprise no-code platform to enhance SE2’s end-to-end life and annuity insurance ecosystem.

Posted: Dec 21, 2020

Trov Renews Relationship with PSA NA Car Sharing Solutions

Trov’s new Risk Operations Technology complements PSA NA Car Sharing Solutions’ commercial coverage helping them mitigate risk of both insured and uninsured incidents through real-time data.

Posted: Dec 20, 2020

XILO Raises $2M for Digital Insurance Application Software

The funding round, led by New Stack Ventures, will be used to further improve XILO’s digital platform for independent agents and triple its existing customer base of 150 agencies.

Posted: Dec 20, 2020

InsurTech Broker Cover Whale Expands to Fleet Insurance Market

Founded to address the underserved sole-to-small commercial vehicle owner, Cover Whale’s process improvements created demand among large fleet owners, which its new programs are designed to address.

Posted: Dec 17, 2020

Agile Insurer: Tracy Tillinghast, Topa Insurance

A veteran of business and IT, small and large companies, Tillinghast talks about the Topa’s dynamic, opportunistic and innovation-friendly culture.

Posted: Dec 17, 2020

Openly Raises $40M in Series B Round to Further Accelerate Growth

With 3,000 independent agents already offering its product to consumers, the new funding round led by Advance Venture Partners will be used to expand geographically and support continued growth.

Posted: Dec 16, 2020

Majesco Expands Digital1st EcoExchange with New Partnerships, Apps

The continued growth in new partner apps reflect Majesco’s commitment to building a broad ecosystem to drive personalized, digital experiences and innovation.

Posted: Dec 16, 2020

A Green Light for White Label Solutions in Life Insurance

White labeled options can help life insurers tap into newer market segments and reach new customers, but carriers need to be operationally agile, data-centric and laser focused on the customer experience.

Posted: Dec 16, 2020

Elephant Insurance Selects Shift Technology for Fraud Detection

The Admiral company was influenced by its sister companies’ results using Shift in France and Spain.

Posted: Dec 15, 2020

Bestow Raises $70 Million in Series C Funding

With $145 million in total funding to date, Bestow says it will launch innovative products, scale platform services, and accelerate growth into new distribution channels and partnerships.

Posted: Dec 15, 2020