The Ticker

Announces that subsidiary Web Connectivity is now operating a novel digital treaty placement platform in Bermuda. Among other resources, the platform offers a single user interface with which reinsurers can engage with broker submissions and standardized data formats.

Deploys new analytic service Captive Fit to assist clients with captive insurance arrangements. Captive Fit will piggyback off of WTW’s existing risk analytics platform Igloo, providing users with analyses of reserve, premium and investment risks, and capital adequacy and diversification.

Names Dieter Bartl as new group chief financial officer. He succeeds Alexander Bayliss, who left the European insurtech for other career opportunities. Bartl’s career includes stops at Zurich, Prudential, and broker ASSEPRO, where he served as CEO.

Activates digital renewal and onboarding platform for the alternative health benefits insurtech.

Raises $12.5 million in a seed round for the company offering an AI-native operating system to replace older systems for brokers and agents.

Raises $6.5 million in Series A funding for the healthcare insurance processing automation startup. 5IR Funds is leading the funding round.

Becomes the first benefits carrier to provide application programming interface (API) connections via PrismHR, a specialist in technology for professional employer organizations. The APIs are Policy API, which automates benefits administration’s platforms plan details and rates, and Worksite Employee Benefit API, for instantaneous transfer of worksite employees’ information and benefit election updates.

Unveils Xponential, a blueprint for organizational uptake of artificial intelligence, encompassing five pillars: insight, accelerators, automation, approach, and process.

Acquires AI-driven medical data analysis startup DigitalOwl.

Says its digital risk processing platform will now incorporate data and intelligence from Fenris, which provides insurers with data enrichment and predictive AI, to augment clients’ underwriting.