Tag: Insurtech

A recent FinTech Global article highlights three technology shifts that are remaking insurer workflows this year: agentic AI, human-verified automation, and cloud scale.

The latest Global InsurTech Report for the third quarter of 2025 provides an overview of the ongoing role of Artificial Intelligence (AI) in shaping the insurance and reinsurance sectors, with a specific focus on commercial insurance. The report evaluates how InsurTech firms are leveraging AI to transform this major line of business — both through… Continue reading Global InsurTech Report Q3 2025: AI Leads Commercial Insurance Innovation

Otonomi.ai, a blockchain-enabled insurtech platform specializing in cargo delay protection, announced the completion of a USD $5 million Series A funding round on October 30, 2025.

The InsurTech Association (ITA), a nonprofit trade group advancing innovation in the insurtech sector, has reported significant growth since its launch in March 2023.

Insurtech company Lemonade Inc. is reducing the portion of its insurance premiums that it cedes to reinsurance partners, shifting from 55% to 20% for new and renewing policies.

Vortex Weather Insurance, a data-driven insurtech, announced that its parametric snow insurance policies are now available for direct purchase by businesses or through their brokers. Previously, these policies were only accessible through Vortex’s parent company, MSI GuaranteedWeather.

A new insurtech platform called The Spark has officially launched at the annual Rendez-Vous in Monte Carlo, describing itself as “the world’s first global prevention lab.”

The global InsurTech sector has reached a new funding milestone, with more than $60 billion raised and invested since 2012, according to Gallagher Re’s latest Global InsurTech Report.

The American InsurTech Council and the InsurTech Association have announced the creation of a new strategic alliance to help shape the direction of how insurance carriers use AI and related digital technologies.