Munich Re
Insurtech start-up Next raises $83m
US-based insurtech start-up Next Insurance has raised $83m in a Series B funding round led by Redpoint Ventures and including Munich Re.
Analysis: Sport injury: Hitting hard
As professional sportspeople complain about their insufficient cover for career-ending injuries, insurers fear a surge in claims from contact sports
Bought by Many gains £15m in series B funding
Bought by Many has closed a £15m series B funding round led by Commerz Ventures and Marsh, alongside existing investors.
Blog: Why partnering is the only show in town for insurtechs
For most insurtechs the question no longer seems to be whether to partner up with an incumbent, but what the nature of the partnership should be. Marketing Eye CEO Neil Edwards explains what could be learnt from fintechs such as Revolut, Monzo and…
UK General weighs up direct options and targets 20% of income
Exclusive: UK General is close to launching its first personal lines product on a software house and is exploring its options for direct distribution.
Roundtable: The future of insurance in the digital age
Insurers feel they need to adapt to the digital age but they don’t all agree on how to drive technological change. What culture should they nurture? Post invited a number of industry experts to discuss the challenges ahead
Analysis: Cyber bullying
Cyber cover is entering personal lines and offering protection against online bullying. But is it really a place for insurers?
European insurance stocks took a nose dive after Amazon home insurance rumours
Stocks in European insurance firms took a nosedive today as traders reacted to a report which indicated that tech giant Amazon is looking to offer home insurance.
Wrisk raises £500,000 in latest crowdfunding venture
Insurtech start-up Wrisk has raised over £500,000 in two days of second round funding on equity crowdfunding platform Seedrs.
Berkshire becomes third-largest reinsurer on back of AIG deal
Warren Buffett’s Berkshire Hathaway became the world's third-largest reinsurer in 2017, ending European dominance over the top four.
L&G announces two deals as it looks to ramp up GI premium
Legal & General is now the majority capacity provider for a £550m five year binder with Pen Underwriting, as the general insurance business aims to grow its premium by double digits in the coming year.
UK is a few years away from direct cyber market: CIBA 2018
The cyber insurance market is evolving into a more digitally enabled one, which might help it open up to smaller customers where penetration is typically lower.
Munich Re to cut 900 jobs as reinsurer targets profits surge in 2018
Munich Re is to axe 900 jobs as part of cost saving efforts in its reinsurance business.
NMU to close Letchworth office in restructure
Munich Re service company NMU is closing its Letchworth office in a restructure of its Southern Region operations.
Insurance blockchain pilot to become a company
Exclusive: B3i, the blockchain pilot involving 38 insurance companies, is to move from being a consortium to being an incorporated legal entity following its period of market testing.
Burford Capital to set up insurance company in Guernsey
Investment management firm Burford Capital has received outline approval to set up an insurance company in Guernsey.
Wrisk CEO warns politicians of barriers for insurtechs accessing government scheme
Exclusive: Politicians need to look at the Enterprise Investment Scheme to make it easier for insurtech start-ups to access it.
Week in Post: Are further Swinton branch closures a sign of the times?
I have never bought insurance from a high-street broker. In fact, I know very few people my age who have.
Blog: What does the first Insurtech Impact 25 listing say about the state of the sector?
“We have no doubt that we have missed some Fords and included some Tinchers. But who ends up a Ford and who ends up a Tincher is not pre-determined.”
Buzzvault announces long-term growth plans following Munich Re tie-up
Exclusive: Buzzvault Insurance has entered a five year strategic partnership with Munich Re Digital Partners with plans of releasing products to market by Q3 2018.
Emerging Asia fastest growing GI market in 2018
Emerging Asia is set to remain the world’s fastest growing general insurance market in 2018.
Nat cats hammer Munich Re's full year results
Natural catastrophe losses saw Munich Re’s property-casualty reinsurance segment report a €476m (£422.7m) loss for 2017.
Analysis: Soft reinsurance renewals dash hard market hopes
After five consecutive years of falling rates, global property-catastrophe reinsurance experienced upward pricing pressure at 1 January renewals.
Ten insurtech start-ups to watch in 2018 - part one
There does not appear to be any slowdown in the number of insurtech start-ups that are aiming to mark their mark on the insurance sector.