Finance

Berkshire Hathaway Inc. contended with rising prices, a troubled insurance market and a dearth of deals in the second quarter.

There were more than 40 funding events in the insurtech sector in July, according to a review by Digital Insurance.

Property and casualty players have struggled to maintain profitability as they deal with a greater frequency and severity of accidents, combined with higher costs to repair or replace damaged vehicles, as well as heightened costs linked to extreme weather events.

There were more than 30 funding events in the insurtech sector between June 1 and June 30, 2023, according to a review by Digital Insurance.

Having first focused on pet insurance, the seven-year-old firm has since expanded into parcel, fire, home and health products. It also insures digital assets from hacking and malware and theft.

It's launching its Risk Exchange platform as a marketplace to connect underwriters with risk capital, including from institutional investors and insurance companies.

Groundspeed Analytics was seeking to raise venture capital funding when Insurance Quantified made the initial contact.

The government-sponsored enterprise's chief executive managing the issue is looking at how things like roof pitch can mitigate the impact of natural disasters on homes.

The exuberance surrounding artificial intelligence has driven a lot of capital into a small corner of the market in a very short space of time, and that has implications for tech-heavy ESG funds.

New loan acquisitions fell to their lowest level since 2020, but companies also grew shares of residential securities noticeably over the past three years, S&P Global Market Intelligence said.

Longtime industry executive Henna Karna joins as entrepreneur-in-residence

Austin-based Vista bought insurance technology provider Duck Creek Technologies Inc. earlier this year.

Fintech VC funding flooded into consumer-focused companies in 2021. Now, the tides are changing direction.

bolttech lands $196 million; Wefox added $110 million to a $400 million Series D.

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.