InsurTech Magazine November 2022 | Page 13

Should there be mandatory registration and insurance for cyclists in the UK ?

BY THE NUMBERS

WE ASKED :

Should there be mandatory registration and insurance for cyclists in the UK ?

After the UK ’ s outgoing Transport Secretary mooted the idea of mandatory insurance and registration for bicycles , we asked if you agree

41 %

No

59 %

Yes
PIE INSURANCE RAISES OVER US $ 300MN Pie Insurance , a US-based insurtech that provides workers ' compensation insurance for small businesses , has raised US $ 315mn in one of the year ' s biggest insurtech funding rounds
NEW FACILITY FOR HYDROGEN PROJECTS Insurance broker Marsh has launched a new facility that provides up to US $ 300m of insurance cover for both blue and green hydrogen energy projects
SURVEY CASTS DOUBT ON BLOCKCHAIN A fifth of business leaders think blockchain is “ all hype and no substance ”, according to GlobalData , casting doubt over its commercial applicability following the collapse of B3i
� ZOPPER The New Delhi-based embedded insurance startup has raised US $ 75mn in its latest Series C funding drive . The money will allow Zopper to embark on its strategy for international expansion
� SUNCORP GROUP The Australian insurance giant has said it expects to hit zero emissions and full sustainability two decades earlier than previously expected . It now hopes to reach the target by 2030
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� HIPPO Shares in the insurtech fell after it announced plans to cut roughly 10 % of its workforce . The California-based company is laying off 70 staff , indicative of wider struggles within insurtech
� CHINA LIFE The life insurance company left the New York Stock Exchange in September in a dispute between US and Chinese authorities . Other Chinese insurers have signalled their intent to follow suit

GOOD TIMES BAD TIMES

NOV22

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