InsureTech

TypTap Wins $100m Investment From Centerbridge

HCI Group, Inc. (NYSE:HCI) subsidiary corporation, TypTap Insurance Group, Inc., is pleased to announce that a fund affiliated with Centerbridge Partners, L.P. has invested $100 million in the company. The investment, representing about 11.75% of […]

Global insurance trends

Cash Is Being Phased Out Around the World, Says New Report

We spotted this on the FIS site recently, showing that cash is now becoming the 2nd payment choice in much of the world, not just developed economies. Can cash make a comeback after Covid? Seems […]

Insurance claims

Synetiq Reflects on Year of Change in Vehicle Salvage

The last 12 months have seen dramatic changes to the way we live and work. For many businesses, adapting to change with speed and agility has been vital to continue operating. As the UK’s largest […]

Motor Insurance

MoneySuperMarket Records More EV Quotes, But Percentage Still Tiny

The proportion of car insurance enquiries for electric vehicles (EVs) increased by more than two-thirds (69%) in 2020, according to research by MoneySuperMarket. Data from millions of MoneySuperMarket car insurance enquiries shows that between July and December 2020 around five out of every 1000 enquiries were for EVs (0.54%), up from four (0.37%) between January and June. […]