The recently launched National Health Claim Exchange (NHCX), an innovative digital platform by the Insurance Regulatory Development Authority of India (IRDAI), is set to revolutionize the health insurance landscape. Developed in collaboration with the Ministry, the NHCX aims to address
In a noteworthy development that underscores the growing confidence of investors in InsurTech companies, Amplify Life Insurance has successfully closed its Series B funding round, raising $20 million. The San Francisco-based firm, founded in 2019, aims to revolutionize the life insurance landscape
Fraudulent activities in the banking and money transfer sectors are on a worrying ascent, with predictions pointing to a 153% increase by 2029. As the industry faces the innovativeness of fraudsters wielding artificial intelligence (AI), financial institutions are in an unprecedented situation—the t
The life insurance sector is facing a revolution, spearheaded by the strategic alliance between Appian and Swiss Re. This partnership signals a crucial step forward with the debut of the "Connected Underwriting Life Workbench," a joint initiative designed to refine underwriting processes
In the bustling landscape of InsurTech, a new player named Anterior is rising rapidly, having recently reached a notable peak in their journey. With an infusion of $20 million in Series A funding, Anterior's valuation has soared to an impressive $95 million. The round's success can be
India's pulsating startup ecosystem is once again in the global spotlight as Zepto, a burgeoning quick commerce startup, navigates through a transformative phase. This phase is not just a critical juncture for the company itself but also reflective of the collective hopes and tenacity of
The insurance market in India is burgeoning, with digitization becoming a key factor in its remarkable growth. The momentum is especially strong in insurtech, where a staggering 34% compound annual growth rate marks significant technological strides. However, the gleaming horizon of digital
Telematics technology is quietly ushering in a new era for the auto insurance industry. On the one hand, it promises more equitable insurance rates by basing them on actual driving habits. On the other hand, the increased collection of driving behavior data triggers serious conversations about
In an innovative leap for financial security, a Malaysian insurtech subsidiary Senangdali has joined forces with the Philippine fintech firm GoodTech to bring a unique insurance product to the forefront. This partnership is poised to profoundly impact the Philippine financial landscape,
The Egyptian insurtech startup, Mal Bazaar, is reshaping the insurance landscape with a significant leap forward. With the recent acquisition of an insurance brokerage license, Mal Bazaar has expanded its business model to become a full-service insurance intermediary. Since its inception in 2019,
