Our Scans · (FS.8.04) Insurtech · Weekly Summary

• [New] In the Government Action Plan for 2024-2028 approved by the 21st resolution of the State Great Khural of Mongolia in 2024, it is provided that reforms in taxation and social insurance will be carried out. MongolBeat
• [New] The Insurtech landscape is evolving faster than ever, and 2025 promises to be a groundbreaking year for innovation, networking, and collaboration. InsurTech NY - The #1 Resource for the InsurTech Commun
• The 2025 edition of PwC's Insurance Banana Skins reveals a decisive shift in industry priorities, with technology-related risks now making up the top three on the list of concerns for the global insurance sector. PwC
• ACRE Africa (Agriculture and Climate Risk Enterprise), an insurance intermediary serving smallholder farmers, leverages AI and blockchain technology to lower costs and improve service delivery. Digital Insurance
• Onex Partners will acquire Integrated Specialty Coverages, a technology-driven insurance platform that designs, underwrites, and distributes specialized insurance products. Pulse 2.0
• Technology-related risks dominate the top three concerns facing the global insurance industry. PwC
• Technology trends are expected to continue shaping the insurance industry in 2025. Hicron Software House
• Following the growing digital engagement in 2024, InsurTech will keep gaining ground because there will be a growing demand for fast and easy-to-access channels that will make insurance more client-centered. Dataversity
• Lemonade, an insurtech company, uses machine learning to process claims instantly and predict policyholder requirements, enhancing customer satisfaction. Elite IT Team
• Private funding in Insurtech is expected to exceed US $ 1 billion in the next 12 months. Techiexpert.com
• India's insurtech sector, comprising over 150 start-ups with a cumulative valuation of $13.6 billion, is expected to play a transformative role in addressing insurance gaps. Insurance Business
• Singapore-based startup Alpha Millennia Technology enhances insurers' way of handling risks by incorporating IoT technology into insurance applications. StartUs Insights
• One-third of Q2 2024 InsurTech deals involved AI-centered companies, with 40% focusing on risk-related InsurTechs. Bizclik Media Ltd
• Digital native competitors and insurtech companies like Lemonade are changing what customers expect from insurers - fast claims processing and personalized policies with a few clicks. Easysend Inc
• Camden's proposed 2025-2026 $15 million municipal budget has increased 19% over the current $12.9 million budget, with increases attributed primarily to insurance costs, information technology, fire and EMS services, and municipal debt for capital equipment purchases and infrastructure replacement. PenBay Pilot

Last updated: 16 October 2025