Insurance

There were about 50 funding events in the insurtech sector in February, according to a review by Digital Insurance.

HSB, a part of Munich Re, partners with Flume; Kin expands into California, plus more insurtech news.

First came a dry spell that parched the land, then a spark, followed by some wind. Suddenly, swaths of South Carolina were consumed by voracious flames.

Climate events drive up claims and premiums, federally published data and state regulators efforts show. While some say more climate mitigation efforts are needed, insurers' efforts to write coverage are questioned.

Protective Life Corp., a wholly owned Dai-ichi Life unit based in Birmingham, Alabama, has decided to cede the blocks to reinsurance firm Resolution Life Group Holdings Ltd., Dai-ichi said in a statement.

The National Flood Insurance Program, estimated to cover over 4 million homeowners, is set to lapse next Friday along with the federal budget.

The insurtech enables brokers, insurers and reinsurers to optimize risk workflows by digitizing risk intake.

Roles in technology, underwriting and claims are insurance's greatest need in 2025.

Tokio Marine HCC announced Mike Schell, president of the company, will retire at the end of March.

By prioritizing strategic technology investments, MGAs can ensure long-term success and continued growth in an ever-evolving market.