InsureVision, an InsurTech company specialising in AI-powered contextual driving risk assessment technology, has successfully raised $2.7m in a seed funding round. The investment round was led by Rethink Ventures, with participation from Twin Path Ventures and State Farm Ventures, the venture arm of State Farm, the largest vehicle insurer in the world. InsureVision focuses on
BriteCore, a provider of cloud-native core insurance platforms for property and casualty insurers, has expanded its Solution Partner Marketplace. This enhancement introduces five new vendor integrations, marking a significant stride in BriteCore’s ongoing effort to equip insurers with cutting-edge technology solutions and increased flexibility in underwriting accuracy, claims processing, and overall operational efficiency. BriteCore’s core
ZestyAI has partnered with NEXT Insurance to enhance underwriting with AI-driven property risk insights, providing small business owners with smarter, more tailored coverage. The move will see ZestyAI’s Z-PROPERTY and Z-FIRE models enable NEXT Insurance to streamline its workflows, enhance its decision-making, and offer a fully digital purchasing experience without compromising underwriting quality. This approach
MENA InsureLab, an InsurTech accelerator and venture builder, has secured strategic backing from TIC Technology Innovation Capital, a US-based venture capital firm. The investment comes from TIC’s $100m fund, which focuses on supporting early-stage technology companies. The firm employs a unique investment model, providing both financial backing and software development services in exchange for equity.
Clearcover, a next-generation auto insurer known for its digital-first approach, has launched a reciprocal insurance exchange designed to strengthen its position in the non-standard auto insurance market. The product, known as Clearcover Inter-Insurance Exchange (CIX), aligns with Clearcover’s broader strategy to improve profitability, fuel growth, and enhance accessibility within auto insurance, according to InsurTech Insights. With a
Simplifai, a leader in AI-driven automation, has launched Agentic AI designed to optimise critical processes such as claims handling, underwriting, and customer service. The Norwegian firm has debuted the solution in response to the industry’s increasing demands. Insurers are facing growing customer expectations, rising cost pressures, and complex regulatory requirements. To help navigate these challenges,
Trucordia, a leading insurance provider with a team of 5,000 professionals, has announced the acquisition of CADA Insurance Services’ insurance business, further strengthening its presence in Louisiana. The acquisition is part of Trucordia’s strategy to integrate businesses with strong growth potential in key industries and markets, according to InsurTech Insights. By bringing CADA Insurance under
Alta Signa has added Westfield Specialty International to its insurance capacity panel, enhancing its ability to underwrite Directors & Officers (D&O) and Financial Institutions (FI) risks across the European Economic Area (EEA) and Switzerland. This partnership introduces an additional €10m capacity, split equally between D&O and FI lines, bolstering Alta Signa’s existing Lloyd’s-backed panel. The
The Helper Bees, an InsurTech company focused on enabling older adults to live independently at home, has secured $35m in Series C funding. The investment round was led by Centana Growth Partners, with participation from existing investors including Silverton Partners, Impact Engine, Northwestern Mutual Future Ventures, and Alumni Ventures. The company provides a platform that
Qantev, a leading AI claims platform, has partnered with InsureMO to enhance the efficiency of global insurance services. The collaboration integrates Qantev’s AI-driven solutions with InsureMO’s platform to optimise data transfer and streamline operations across the insurance ecosystem. This move is aimed at optimising the insurance process by enhancing the seamless transfer of data and
Qumis, an innovative AI-powered platform designed to assist insurance professionals, has announced the successful closure of a $2.2m pre-seed funding round. The round was led by Armory Square Ventures, with additional participation from MTech Capital, Grand Ventures, Alumni Ventures, BrokerTech Ventures, Sean Harper, co-founder and CEO of Kin Insurance, and Tom Vander Schaaf, former General
Ethos, a leading provider of cutting-edge InsurTech solutions, has announced a strategic partnership with Protective Life Corporation and its subsidiary Protective Life Insurance Company, collectively referred to as Protective. The partnership will enable Protective to offer its proprietary term life insurance directly to consumers via Ethos’ advanced digital platform, according to FF News. The collaboration
