Your Daily InsurTech Briefing – 2024-01-29

January 29, 2024
1 min read

Let’s see what’s in the news today.

InsurTech 2.0 Brings AI to SMB Insurance, Foxquilt Says

A Toronto-based company is using AI to customize insurance policies for sole proprietorships and small businesses, embedding payments in the process.

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75% of insurance organisations set to replace core insurance management platforms by 2025

75% of insurance organisations will replace core insurance management platforms by 2025, according to a new global report from Novidea.

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Insurtech firm Root appoints UK country manager

Alex Astengo will develop Cape Town-based Root’s UK presence, as it is in partnership discussions with insurers, retailers, banks and telcos.

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Amazon slams doors on UK Insurance Store after only 15 months

Amazon has announced the closure of its UK Insurance Store 15 months after its October 2022 launch.

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Capella Space and Floodbase partner to enhance parametric flood insurance

Capella Space Corp., an American space tech company, has announced a strategic partnership with Floodbase to enhance parametric flood insurance.

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