InsureTech

Sprout.ai Raises $2.5M in Second Seed Funding Round

InsurTech Sprout.ai (previously BlockClaim), offers Contextual AI, a revolutionary system that enables insurance claims to be settled within just 24 hours. The company has successfully completed its second seed round, raising $2.5 million. Amadeus Capital […]

Global insurance trends

Prudential Sale of Korean Assets – Moody’s Offers Insights

On April 10, 2020, Prudential Financial, Inc. (PRU; A3 stable) announced it had signed a definitive agreement for sale of The Prudential Life Insurance Company of Korea (POK), its Korean life insurance operation, to KB […]

Insurance Regulation

FCA Statement on Relaxing of Capital Funding Rules During Corona

The events surrounding the coronavirus (Covid-19) pandemic are unprecedented. The impact on people’s health and the health of companies in the real economy is significant and widespread. It is likely that many companies will turn […]

News

London Corona News: Noir Taxis Prioritise Key Worker Ride Services

After announcing they were waging war on Coronavirus, Licensed London Taxi Drivers have now escalated their campaign to help key workers get to/from their place of work. The co-founder of Noir Taxi, Peter Schive, said: […]

News

Legal & General Invests In Australia Based Lifetime Mortgage Company

Legal & General has today announced it has acquired a 20 per cent stake in the Australian lifetime mortgage business Household Capital through its Retail Retirement division (LGRR). Household Capital is a specialist retirement funding […]

InsureTech

Mena Market: UAE Insurtech Addenda Raises More Cash to Fund Growth

UAE-based insurtech platform Addenda, has closed a six figure bridge round by participating Arab Bank-powered AB Accelerator, funded through the venture capital fund AB Ventures. Addenda raised its first round of seed funding led by […]

Business

AXA IM Financials: More Investment in Fighting Climate Change Likely

“AXA IM has demonstrated resilience in 2019 despite the industry navigating a challenging low interest rate environment. In this context, having a strong and leading alternatives offering is key to bringing value to our clients, […]

InsureTech

OutThink Secures £1.4m Funding to Develop Data Breach SaaS Platform

UK startup OutThink, the startup behind one of the world’s first Predictive Human Risk Intelligence SaaS Platforms, has announced the completion of its €1.4 million seed funding round, led by Forward Partners. OutThink was founded by CISOs […]