UK regtech eflow raises £7m for global expansion
UK-based regtech eflow Global has raised £7 million in a Series A funding round led by Finch Capital.
Falcon Risk appoints Laura Coppola as EVP, Head of Management Liability
Falcon Risk Services, a wholly owned managing general agent (MGA) of HDI Global SE, has appointed Laura Coppola as Executive Vice President (EVP), Head of Management Liability, based in New York City.
ARA committee identifies technology pain points & offers possible remedies
The technology committee of the American Recovery Association didn’t just pinpoint what it believes are five of the primary challenges repossession agents face. The group also offered 15 recommendations to help smooth those challenges to foster what it called “a … [Read More]
SCOR posts H1 2022 net loss as nat cats, war in Ukraine & COVID-19 hit profitability
French reinsurer SCOR has reported a net loss of €239 million for the first half of 2022, driven by claims related to the drought in Brazil, flooding in Australia and other weather events, the war in Ukraine, and further losses related to the COVID-19 pandemic.
F&I opportunities abound as market resets
Dealers are poised to lean harder on finance and insurance revenue in 2025 amid rising inventory, declining vehicle prices and…
Crypto staking firm preps LSE listing
In a sector-first, Isle of Man-based crypto staking firm KR1 is planning to list on the London Stock Exchange.
CyberCube updates Portfolio Manager to keep pace with cyber trends
Leading cyber analytics provider, CyberCube has released an updated version of Portfolio Manager (PM) – the industry’s leading cyber risk modeling platform used by re/insurers and brokers.
ASIC & ASIL get revised positive outlooks from AM Best
Credit ratings agency AM Best has revised the outlooks of Ategrity Specialty Insurance Company (ASIC) and its affiliate, Ategrity Specialty Insurance Limited (ASIL), to positive from stable, reflecting its “very strong” balance sheet supported by its risk-adjusted capitalisation.
Policyholder cannot collect $22M claim from reinsurers, brokers
Agents and Brokers, Alternative Risk Transfer/Captives, Coverage Disputes, Energy, P/C Insurers, Reinsurance Hannover Re, Willis Towers Watson
Why AI gender bias is best solved by web3
“Web3 is the ‘perfect platform’ to be compensated for one’s own data,” explains Rumi Morales, a founding director at Navigate, a Web3 platform developing an AI-powered map from crowdsourced data.
National average FICO score drops for first time in decade
The average consumer credit score in the US has dropped for the first time in a decade, albeit by just…
Nationwide overhauls legacy estate to speed up credit decisions by 50%
Nationwide has sped up its credit decisioning capability by 50% after migrating 1.5 million monthly credit decisions across mortgages, loans, and cards to the cloud-based Fico Platform.