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The significant increase in planned premium will be interpreted as a vote of confidence in the low-cost, follow-only model from Lloyd’s.
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Inov8ionLab will be a collaborative space offering expertise to help the London market achieve technological change.
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After its record Series A funding round in the summer, the InsurTech platform has hired AIG’s UK CFO.
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As a result of the deal, EY, through its wholly owned subsidiary Shackleton, becomes a minority shareholder in IncubEx.
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Greenlight CEO Simon Burton described title insurance as the perfect example of an inefficient marketplace with high expense ratios.
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Shah will be based out of Bermuda, where the firm has incorporated Kettle Re and is preparing to fundraise for a balance sheet carrier.
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The insurance marketplace aims to bridge the gap between insurance and capital markets.
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Willis’ latest InsurTech briefing shows how a small group of InsurTechs are securing the lion’s share of investment via $100mn-plus mega-rounds.
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New funding could address long-standing industry challenges and help the market’s move to digitisation, according to a letter from six trade bodies to the UK Treasury.
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The aim of the new “digital factory” technology is to improve typical processes such as claims audit and management.
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The insurance product provided by Armd and OneAdvent is underwritten by RSA.
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The investment will be used to develop Humn’s data capabilities, grow commercial teams and drive European expansion.
