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Optalitix launches Model Monitoring to transform insurance pricing oversight


UK-based InsurTech firm Optalitix has launched Model Monitoring, a new feature for its flagship Optalitix Models platform, offering real-time tracking and analysis of insurance pricing models. The tool allows insurers to monitor model usage, detect anomalies, and optimise performance, resulting in faster quote generation and more accurate pricing. Model Monitoring supports all major modelling formats, including Excel, Python,


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Parametrix unveils $2m embedded insurance product for EDR system failures


Parametrix, a pioneer in digital business interruption insurance, has launched a new embedded coverage programme aimed at safeguarding businesses from disruptions triggered by endpoint security failures. The introduction of this new insurance product comes in the wake of rising demand for improved risk mitigation following high-profile outages. Notably, the global CrowdStrike incident in July 2024


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Turris and Loro Insurtech join forces to simplify insurance compliance


Turris, a provider of compliance and payment automation solutions for the insurance sector, has partnered with Loro Insurtech to deliver a unified solution aimed at modernising how insurers and MGAs handle compliance and broker onboarding. The partnership accelerates broker and agent onboarding, streamlines quoting and binding, and automates compliance checks and filings—boosting efficiency and reducing risk. Turris


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1Fort Raises $7.5M to Automate Business Insurance with AI


1Fort, the AI platform for business insurance, today announced it has raised $7.5 million in an oversubscribed funding round led by Bonfire Ventures. The round also included Draper Associates (Tim Draper); Karim Atiyeh, the founder of Ramp; and participation from all existing VCs: Village Global, Operator Partners, 8-Bit Capital, Character VC and Company Ventures. This


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FinTech Wales welcomes Aviva as new partner to strengthen InsurTech collaboration


Aviva, one of the UK’s leading insurance and financial services firms, has partnered with FinTech Wales to foster innovation, support collaboration, and strengthen the FinTech and InsurTech sectors across the nation. Aviva joins an impressive roster of partner members including Barclays, The Royal Mint, Go.Compare, Confused.com, Admiral, Starling, Hodge, Principality and Monmouthshire Building Societies, Veeqo and Future


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iLife Technologies rebrands as Infras to expand insurance infrastructure solutions


iLife Technologies, a leading technology provider in the insurance industry, has officially rebranded as Infras following a period of significant growth for the firm. The move signifies the company’s evolution beyond life insurance as it looks to deliver headless connectivity infrastructure that enables insurance carriers to seamlessly integrate with any distributor user interface without extensive redevelopment, according to InsurTech Insights.


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Foliume raises $1m seed round to enhance AI-driven insurance distribution


Foliume, which specialises in automating insurance processes, has secured a $1m seed funding round led by Belgium-based venture fund Pitchdrive and Wayra, the investment arm of Telefónica. The round also saw participation from key figures in insurance distribution and technology, according to InsurTech Insights. The fresh capital will be used to enhance product development and support


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Munich Re acquires NEXT Insurance for $2.6bn to expand InsurTech footprint


Munich Re, a global reinsurance leader, has signed a definitive agreement to acquire NEXT Insurance, a digital-first small business insurer, in a deal worth $2.6bn. Following the acquisition, NEXT Insurance will become part of ERGO Group, Munich Re’s primary insurance subsidiary. The acquisition aims to strengthen ERGO’s presence in the US small business insurance market, leveraging


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Edenred launches virtual card solution to accelerate insurance claims payouts


Edenred Payment Solutions, a UK-based e-money institution, has launched a new Virtual Card Number product designed to help insurance companies speed up claims payments. Insurance claim processing has traditionally been slow, with claimants often waiting weeks for reimbursements, according to Insurtech Digital. Research from Sollers Consulting and Ipsos reveals that 63% of UK insurance customers prioritise


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Kennedys IQ launches InsurTech’s first neuro-symbolic AI solution for global insurance market


Kennedys IQ, the client-facing technology division of global law firm Kennedys, has introduced SmartRisk, the first fully explainable neuro-symbolic AI risk analysis solution for the insurance sector. This latest addition to its data-driven IQ Platform aims to revolutionise policy review, liability, and coverage analysis by enhancing decision-making speed, accuracy, and consistency. The launch of SmartRisk


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InsurTech leader Peak3 secures $35m to drive European expansion


Peak3, a global InsurTech company specialising in cloud-based insurance solutions, has raised $35m in a Series A funding round to accelerate its expansion across the UK and European markets. The funding round, which will support Peak3’s ambitious growth plans, was backed by investors keen to drive digital transformation in the insurance sector. The company has