MAPFRE RE, the reinsurance arm of the Madrid-based insurer MAPFRE, reported robust financial performance for the first nine months of 2024, marking a notable milestone for the company. Premiums reached nearly €6.3 billion, indicating a 3.5% increase over the previous year. This figure includes €4.8
ViVet, the UK-based Managing General Agent (MGA) and Lloyd’s Coverholder for Else Group, has announced the appointment of Alex Dalton as its new Managing Director. Dalton brings with him an impressive 15 years of extensive experience in the insurance industry, spanning international brokerage,
The insurance industry, often criticized for its slow adoption of technology, is witnessing a remarkable transformation courtesy of Qantev, an insurtech startup leveraging artificial intelligence (AI) to revolutionize health and life insurance sectors. Founded in 2019, Qantev recently secured a
AXIAN Group's recent investment in WiASSUR, an Ivorian insurtech startup specializing in digital insurance solutions, signifies a pivotal development in Africa's insurance landscape. WiASSUR has quickly made a name for itself with its platform that aggregates various insurance offerings, allowing
The first half of 2024 saw an unprecedented decline in insurtech funding in Latin America. The region, known for its vibrant startup ecosystem and innovative spirit, experienced a sharp drop in venture capital investments. This article delves into the reasons behind this historic low, exploring the
The landscape of insurtech startups is evolving. While the first wave of these companies aimed to disrupt the traditional insurance industry with direct-to-consumer models and innovative technologies, many faced significant challenges and financial struggles. Today, a new generation of insurtech
