While you were off changing the industry, you may have missed these important developments:
- Global insurance technology investors made total new funding commitments of more than $1.2 billion during the second quarter for the fourth consecutive quarter, according to Willis Towers Watson PLC’s Quarterly InsurTech Briefing. [Willis Towers Watson]
- AXA XL has partnered with InsurTech Vindati on ocean cargo insurance for small and mid-sized businesses. [Digital Insurance]
- Start-up life insurance provider reviti has joined InsurTech UK, the alliance of InsurTechs and brands. [Verdict]
- Greenlight Re Innovations (GRI), a subsidiary of specialist property and casualty re/insurer Greenlight Capital Re Ltd., announced it has made a strategic investment in Cove Ltd., a New Zealand-based personal lines managing general agent and Lloyd’s coverholder. [Insurance Journal]
- Hippo, a tech startup focused on the insurance market, has raised $100 million in new venture capital at a $1 billion valuation. [Fortune]
- New research reveals which insurance industry players are best positioned to be leaders in the future of insurance. [Business Wire]
- Farmers Edge announced what they believe to be the agriculture industry’s first InsurTech platform that combines field-level data, remote sensing, AI-driven models, and secure automation technology designed to deliver new levels of efficiency and transparency for both insurance providers and growers. [Business Wire]
