InsurTech

Artur Niemczewski has held leadership roles at WTW, Marsh, Asta and DXC.

Cover Genius has grown GWP to nearly $1.1mn a day since its last funding round in September 2021.

The latest Gallagher Re InsurTech study shows that, beyond the biggest funding rounds in Q3, investment fell to its lowest level since early 2020.

The homeowners’ InsurTech reported that it has received approximately 6,800 claims associated with Hurricane Ian to date.

Often regarded as the destination for tech start-ups, IPOs no longer have the same attraction for UK InsurTechs, due to market volatility and the performance of their listed US counterparts.

The fundraise comes after the company raised $180mn of Series A funding last year.

Ferian Re will be capitalized by an investor group led by BDT Capital Partners

After a widespread drop in InsurTech funding, all signs point to a period of M&A among InsurTechs either struggling to raise funding or seeking a partnership with an incumbent.

Innovation Group specialises in business process and claims management solutions and will continue to operate independently.

The executive, who had worked at the AI-driven platform for over four years, announced his departure on social media.

The digital investments arm of Allianz Group has been a strategic investor in the Berlin-based InsurTech since 2016.

It is understood that the company is being advised by boutique investment bank Stonybrook.