Insurtech

Insurtech bolttech Expands into Middle East via stc Group Partnership

International insurtech bolttech recently announced its expansion into the Middle East with the launch of its partnership with stc Group, the telecommunications company acting as the engine of digital transformation in the region. bolttech’s collaboration with stc Group will “provide stc’s customers with innovative, embedded… Read More

Insurtech Kin Expands into Texas to Offer House and Property Insurance

Kin, the digital, direct-to-consumer home insurance company, has expanded into Texas and now offers House & Property insurance and mobile home insurance to residents of the Lone Star State. Kin says the insurance crisis sweeping the Gulf Coast is spilling further into Texas, “providing affordable,… Read More

Digital Insurtech Cover Whale Teams Up with Geotab

Cover Whale Insurance Solutions, Inc., an insurtech specializing in connected insurance for commercial auto insurance, is announcing a strategic partnership with Geotab, a global firm focused on connected transportation solutions providing top-tier telematics and asset tracking capabilities to commercial fleets. Cover Whale is offering its… Read More

Insurtech Akur8 Selected by Swedbank to Enhance Insurance Pricing Process with High Performing Models

Akur8, the insurance pricing solution powered by Transparent AI, announced that Swedbank has selected Akur8’s pricing platform to enhance its insurance pricing process. By leveraging Akur8’s cloud-based, fully integrated platform, Swedbank is poised “to streamline its insurance pricing process, ensuring accuracy, transparency, and an improved… Read More

Digital Insurtech Firm CyberCube Highlights Focus Areas for Cyber Insurance and Broking Sector

Nation-state cyber threat actors are expected to acquire and flex new offensive cyber capabilities in an increasingly polarized world, warns cyber risk analytics specialist CyberCube. In a new report published recently, CyberCube anticipates there will “be further attempts to compromise IT supply chains and geopolitical… Read More

Digital Insurtech Firm Lemonade Reports Steady Topline Growth

Lemonade (NYSE: LMND) is reporting a strong fourth quarter and an upbeat outlook for 2024. Digital insurance tech firm Lemonade reports the following: Top line: At $747 million, in-force premium (IFP) grew by 20% year on year, while revenue grew 31%. Loss Ratio: At 77%,… Read More

Insurtech wefox Announces Appointment of Mark Hartigan as Executive Chair and CEO, as Founding CEO Transitions

wefox, an Insurtech firm, has announced the appointment of Mark Hartigan as its Executive Chairman and Chief Executive Officer. Julian Teicke will be transitioning into “the non-executive role of President, and remain Vice Chair of the Board of Directors after nine successful years of steering… Read More

Insurtech Akur8 Core Platform Selected by Georgia Farm Bureau Mutual Insurance Company

Akur8, the insurance pricing solution powered by transparent machine learning, is pleased to announce that Georgia Farm Bureau Mutual Insurance Company, a company offering coverage for farm insurance in addition to virtually every line of insurance in the state of Georgia, has selected Akur8’s Core… Read More

Embedded Insurance Firm Coverdash Raises $13.5 Series A

B2B Insurtech Coverdash has closed on a $13.5 million Series A funding round, according to a note from the company.  The company notes that this follows a $2.5 million Seed round from last year. Nyca Partners led the funding, joined by existing investors, including Bling… Read More

New Partnership Elevates Singapore’s Insurtech Education

Insurtech industry player The Digital Insurer (TDI) has partnered with the Singapore College of Insurance (SCI) to introduce the GenAI Explorer Program, an innovative venture designed to usher in a new era for the insurance sector through the application of generative AI technology. This exclusive… Read More

Personal and Auto Insurance Signups Projected to Rise in 2024, Research Report Claims

Despite the ongoing seasonal dip in Q4 2023, insurance shopping is likely to remain strong in 2024 according to a recent TransUnion report which suggests insurers “approach marketing similar to pricing in order to target desired prospects.” Personal and auto insurance shopping is “likely to… Read More

PolicyStreet Partners with Neobank Vircle to Introduce Embedded Insurance Coverage for Children in Malaysia

In line with its effort to enhance financial security for Malaysian families, PolicyStreet partners with neobanking service provider Vircle to introduce Vircle Club Protect—an exclusive embedded coverage “for children available to all Vircle VISA prepaid card subscribers.” Vircle, known for its parent-friendly e-money solutions, “empowers… Read More

Germany’s Insurtech wefox Appoints Dominik Ulrich as Chief Risk Officer

wefox, which claims to be among the leading Insurtech firms, has appointed Dominik Ulrich as Chief Risk Officer (CRO), with immediate effect. Prior to this role Mr. Ulrich was working as Head of Internal Audit at wefox. Mr. Ulrich will now be expected to “lead… Read More

Insurtech Akur8, the Insurance Pricing Solution, Selected by Spain’s MGS Seguros

Akur8, the insurance pricing solution, is pleased to announce that MGS Seguros has chosen its pricing platform. This new collaboration will empower its actuarial and pricing teams “to build powerful, explainable pricing models and establish a robust predictive modeling framework for its auto and home… Read More

Fintech DailyPay, the On-Demand Pay Solution, Teams Up with HealthCARE of Iowa

HealthCARE of Iowa, a professional consulting partner with over 80 years of combined experience in providing consulting services for Senior Living environments, has partnered with DailyPay – the on-demand pay solution. Through this partnership, HealthCARE of Iowa is “modernizing its benefits offerings by providing the… Read More

Insurtech Kin, the Home Insurance Firm, Shares Latest Operating Results

Kin, the digital, direct-to-consumer home insurance company, today announced operating results through the fourth quarter ended December 31, 2023. Kin is reporting that it has “finished 2023 with $344.1 million in gross written premium and $104.5 million in total revenue.” Kin’s operating income landed at… Read More

Germany’s Insurtech wefox and Wind Tre Select HDI Embedded as Insurance Partner

wefox and Wind Tre have selected HDI Embedded as an insurance partner. The partnership enables greater coverage and “extended warranty solutions for customers of Italian mobile operator Wind Tre.” wefox, which claims to be the world’s leading insurtech, and Wind Tre, the Italian multi-service operator… Read More

Private Equity Investor LDC Invests in Insurtech Uinsure

Private equity investor LDC has invested in the Insurtech business Uinsure. Founded in 2007, Uinsure is a cloud-based tech platform “that connects financial intermediaries and lenders with a panel of the UK’s insurers, enabling its customers to arrange cover through a frictionless platform that has… Read More

Insurtech Shepherd Reports Series A Funding Round

Shepherd, an insurance provider for commercial construction, announced today it raised a $13.5 million Series A funding round led by Costanoa Ventures with participation from Intact Ventures, Era Ventures, Greenlight Re and Spark Capital. Shepherd combines insurance together “with software to help contractors save on… Read More

Global Insurtech Funding and Deals Slide to 6-Year Lows – Research Report

Global Insurtech funding and deals slide to 6-year lows in 2023, according to an update shared by CBInsights. Insurtech startups had a “brutal” 2023, with funding and deals reaching 6-year lows — in line with the broader venture slowdown, the team at CBInsights noted. Nevertheless,… Read More

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