Travelers Canada acquired by Definity for $2.4 billion and Nearmap to acquire itel, plus more insurtech news.

Sarah Kim, a partner at Centana Growth Partners speaks about the current M&A landscape and the future of technology in the insurance industry.

Clearwater Analytics acquires Beacon; Earnix buys Gen AI provider, plus more insurtech news.

Insurance needs to move from value chains to ecosystems capable of maximizing value for a customer.

The Standard completes the acquisition of Allstate's employer voluntary benefits business for $2 billion, plus more insurtech news.

The Fitzgerald-based Colony Bankcorp agreed to pay $3.5 million to purchase an agency in Monroe, Georgia. The deal signals the potential return of more banks buying insurers than selling them.

Economic conditions, hiring and the quality of startup insurtechs may also affect M&A activity in the insurance industry, according to a partner at Clyde & Co., a law firm that reports on insurance industry growth.

The Nationwide Agency Forward survey suggests mid-market business owners are concerned about economic and financial risks, regulatory changes, technological disruption and workforce shortages.

Ergo, the primary insurance business of Munich Re has announced the acquisition of Next Insurance for $2.6 billion.

The companies have held on-and-off discussions in recent months about a potential tie-up, said the people, who asked not to be identified because the information is private.