Finance

Growth alone is not enough to sustain a business in the long term.

The company, which currently operates in six countries, is planning to use some of the funding to develop a platform for other insurers to build insurance products via Wefox's technology.

The Global Insurtech Report highlights sector investments, which are up from the last quarter of 2022.

The nonprofit will work with the New York State Energy Research and Development Authority to fund innovators for insurance products that tackle climate-related risks.

As funding realities change for insurtechs, new emphasis areas are likely to emerge.

Buffett said he expects earnings at its insurance underwriting operations — which are less correlated to business activity — to improve this year.

The insurer is investing in startups, including insurtech Surround Insurance, to generate positive social impact alongside financial returns.

Inshur led the way with a big round and an acqusition.

Researchers at the Federal Reserve Bank of Philadelphia have come up with a plan for letting banks innovate with artificial intelligence and widening access to credit at the same time.

Joyn Insurance's partnership with Commit allowed the company to launch its platform amidst a downturn of insurtech investments.