60% of Health Payers to Offer BBI by 2035, ScienceSoft Forecasts

ScienceSoft released proprietary research exploring the potential of behavior-based insurance (BBI) in life and health plans. Supported by statistical sources, first-hand expert opinions, and insights from BBI early movers, the report predicts that within 10 years, at least 60% of health insurers will offer some form of BBI alongside traditional coverage options. ScienceSoft analyzed health BBI adoption trends and the competitive landscape in the US and revealed that the niche offers rewarding investment opportunities. To address...

BOXX Insurance Hires Product and Distribution Management Leadership in US

BOXX Insurance, a leading global cyber Insurtech, is excited to announce three new appointments to support its growth agenda in the US. Erik Tifft has been appointed Head of Products, where he will continue to innovate BOXX’s all-in-one cyber insurance solutions – and new financial lines products to the market. With nearly 20 years of underwriting, insurance products and cyber experience, Erik brings valuable knowledge to drive BOXX’s mission by bringing cutting-edge insurance products to businesses...

Checkbook Announced the Acquisition of sureti

Checkbook, a trailblazer in digital payments, is thrilled to announce its acquisition of sureti, a cutting-edge digital payment solution dedicated to transforming the distribution of insurance claim proceeds. This strategic acquisition positions Checkbook at the forefront of the insurtech revolution, delivering faster, smarter, and more secure payment solutions for insurance companies and their customers. By integrating sureti’s robust vendor network and innovative fund control mechanisms, Checkbook is set to redefine claims payment workflows. The synergy between...

Bestow Named a Top 100 Financial Technology Company of 2024

Bestow, a leading technology company in the life insurance industry, has been named one of the Top 100 Financial Technology Companies of 2024 by The Financial Technology Report. This recognition highlights Bestow’s innovative approach to modernizing life insurance and its commitment to delivering seamless, high-impact solutions. The Financial Technology Report annually highlights organizations redefining financial services with innovation, influence, and impact. Bestow’s inclusion places it among industry leaders, underscoring its role in transforming how life...

FOCUS Announces SOC 2 Compliance

FOCUS, a provider of cloud-based, core administration software and services taking the risk out of insurtech for P&C insurers and managing general agencies (MGAs), is pleased to announce the company recently achieved System and Organization Controls (SOC) 2 certification. The stringent SOC 2 certification process is administered by the American Institute of Certified Public Accountants (AICPA) to assure customers of a vendor’s high standards of information security compliance. The SOC 2 Type II certification is based on the AICPA’s...

discovermarket Expands into Latin America, Launching in Brazil

discovermarket, a global Insurtech leader and innovator in embedded insurance solutions, has announced its official launch in Latin America, beginning with establishing a legal entity in Brazil. With this expansion, discovermarket aims to transform the future of embedded insurance in the region by bringing innovative insurance solutions, technology, and expertise to Latin America’s rapidly evolving Insurtech landscape. The Latin American insurance market is among the world’s fastest-growing in both life and non-life segments thanks to...

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