Welcome to The Digital Insurer Newswire, a daily updated selection of curated InsurTech and digital insurance news from around the web.
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Today’s top selected digital insurance content
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| | FutureProof Technologies, a financial technology startup that enables asset managers, banks, and insurance-sector institutions to quantify and manage the financial impacts of climate change, has recently announced its public launch with a $3 million financing led by Innovation Endeavors with participation
from MS&AD Ventures and Blackhorn Ventures.
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Indian fintech startup Digit Insurance has raised $200m in the latest round of funding, which takes the firm’s valuation to $3.5bn. The round by joined by the company’s existing investor Faering Capital and new investors like Sequoia Capital India, IIFL Alternate Asset Managers.
LIFE INSURANCE INTERNATIONAL
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| | The British Insurance Brokers Association (Biba) has launched a new scheme in partnership with Reading-based insurtech OneClickCover. The fresh product is said to offer members access to a data-driven online home insurance platform that provides customers a quote in a few seconds, using just the
property address.
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| | Gallagher has acquired the entirety of Edelweiss Gallagher Insurance Brokers (EGIBL), its joint venture in India, from its partner, the Edelweiss Group. A rebrand of the business to the Gallagher name is planned in the coming months.
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| | Australian primary insurance giant IAG has renewed its aggregate catastrophe reinsurance layer for its fiscal year 2022, which began July 1st, resulting in a maximum catastrophe event retention of $169 million.
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