Insured losses from Hurricane Melissa in Jamaica could hit between $2.2 bn and $4.2 bn, according to data from Verisk’s extreme event solutions unit. Melissa slammed into the island on Oct. 28 with ...

London-based insurtech INSTANDA has closed a $20 mn round, a push that lifts total capital raised to more than $85 mn. CommerzVentures led the deal, adding its weight as a specialist investor focused ...

Omnix Medical, a Jerusalem biotech working on anti-infective drugs, closed a $25 mn Series C funding round co-led by Harel Insurance & Finance and the European Innovation Council (EIC) Fund. Existing ...

SehaTech, an Egyptian InsurTech building AI-driven tools for health insurance administration, closed a $1.1 mn seed round. Ingressive Capital led the raise with Plus VC, strategic angels, and existing ...

The cyber insurance market in 2025 is showing two conflicting trends. Large corporates are tougher, with better-prepared systems that cut into the cost of major attacks. Yet, the threat environment is ...

EIS is making a blunt promise with its new release: speed up transformation inside insurance operations without dragging through the usual cost and risk. The company announced OneSuite powered by ...

The New York Department of Financial Services hit eight auto insurers and agencies with more than $19 mn in fines after finding inadequate cybersecurity controls that exposed consumer data through ...

Previsico, the UK-based InsurTech specializing in live flood alerts, has closed its Series A funding round, setting the stage for a major expansion push. Investors included Connecticut Innovations, ...

S&P Global Ratings shifted its outlook on Vienna Insurance Group and its reinsurer VIG RE to positive from stable. The agency kept both entities at A+ for insurer financial strength and issuer credit.

Carpe Data and Harbor AI struck a partnership designed for one of insurance’s fastest-growing battlegrounds – excess and surplus lines. Their joint pitch is simple: give underwriters speed, accuracy, ...

Stand, an insurtech startup targeting properties most at risk from natural disasters, has closed a $35m Series B round. Eclipse led the financing, with continued backing from Inspired Capital, ...

Hannover Life Re of Australasia struck a deal earlier this year to acquire Swiss Re Life & Health Australia’s direct life insurance arm, known as iptiQ. The sale price wasn’t disclosed. For Hannover, ...