Insurtech

German Insurtech Getsafe Teams Up with GoCompare as it Prepares to Firmly Establish Operations in the UK

Germany-based digital insurance firm Getsafe has teamed up with GoCompare as it prepares to firmly establish its presence in the UK markets. Getsafe launched operations in the UK in February 2020 and it’s now planning to make app-based insurance services more accessible to UK residents…. Read More

U.S. Insurtech Hippo Announces New Partnership With Kangaroo Home Security

  U.S. insurtech startup Hippo Insurance has joined forces with Kangaroo Home Security to bring customers flexibility and financial ease with home insurance. According to Hippo, the collaboration expands the suite of smart device kits available within Hippo’s expansive smart home program to include a… Read More

U.S. Insurtech Hippo Insurance Scores $350 Million Capital Investment From Mitsui Sumitomo Insurance Company

  U.S. insurtech startup Hippo Insurance announced on Tuesday it scored $350 million investment and formed a partnership with Mitsui Sumitomo Insurance Company, Limited, a subsidiary of MS&AD Insurance Group Holdings, Inc. According to Hippo, the investment will support the insurtech’s product roll out in… Read More

Texas based Insurtech Bestow Claims its Business has Grown Significantly during COVID, Plans to Hire More Workers

A Texas-based Insurtech firm has been able to grow its operations despite the socio-economic challenges created due to the COVID-19 pandemic. Bestow in Dallas has witnessed increased demand as it offers various life insurance plans through an all-digital service that allows customers to easily sign… Read More

U.S.-Based AI Insurtech Software Flyreel Secures $10 Million During Series A Financing Round LedBy IA Capital Group

Flyreel, a U.S.-based Artificial Intelligence (AI) solution for residential and commercial property insurance, recently announced it secured $10 million through its Series A funding round, which was led by IA Capital Group with participation from Guidewire Software, Gradient Ventures, State Auto Labs, and Donan Engineering…. Read More

Depository Trust & Clearing Corporation Tests Insurance Information Exchange

The Depository Trust & Clearing Corporation (DTCC) is now offering a new client pilot program for its Insurance Information Exchange (IIEX) service, a platform that seeks to help clients turn massive quantities of insurance data and information across 15.6 million policy records into actionable insights…. Read More

U.S. Insurtech Assurely’s Latest Seed Rounds Brings Total Amount Raised to $3.7 Million

  Assurely, a U.S.-based insurtech that provides embedded insurance as a service, recently announced its closed its seed round, which was led by ATX Ventures. The company reported that the investment round brought its total funding to just more than $3.7 million. Founded in 2016,… Read More

U.S. Insurtech Exchange bolt Hits $4 Billion in Active Insurance Premium Milestone

bolt, a U.S.-based insurtech exchange, recently announced it has reached an all-time high of more than $4 billion in active insurance premiums on its platform. The company noted that the premiums get by more than a third since May 2020. Founded in 2000, bolt enables… Read More

Spain and Latin America based Insurtech Bdeo Secures €5 Million via Series A Round

Bdeo, an established Insurtech firm with offices in Spain and Latin America, has finalized a Series A investment round valued at €5 million. Bdeo’s latest round was led by BlackFin, a European investment company that’s focused on the financial services sector. Existing investors K Fund… Read More

U.S. Insurtech TrustLayer Joins MarshBerry’s Connect Platform

U.S.-based insurtech TrustLayer recently announced it has been named strategic partner for MarshBerry’s connect platform. According to TrustLayer, the connect platform is a new category of independent distribution that helps insurance firms leverage scope, scale, and resources to maximize growth through business intelligence, resource optimization, and… Read More

China: WeiyangX Fintech Review

China Releases Draft Version of “Online Micro-loan Operations Provisional Administrative Measures” On November 2nd, the People’s Bank of China (PBC) and the China Banking and Insurance Regulatory Commission (CBIRC) jointly released the draft version of “Online Micro-loan Operations Provisional Administrative Measures” (hereinafter referred to as… Read More

Insurance Marketplace Solution DealerPolicy Now Offering Car Buyers Auto Insurance Within Digital Retailing

DealerPolicy, a U.S.-based insurance marketplace solution for dealers, announced on Wednesday it has teamed up with auto retail design and CRM tool provider FRIKINtech to provide car buyers auto insurance within digital retailing. Founded in 2015, DealerPolicy claims to be the most trusted and complete… Read More

Insurtech Lemonade Reports Top Line Revenue of $17.8 Million, Net Loss of $30.9 Million

Lemonade (NYSE:LMND), a fast-growing Insurtech firm, released Q3 earnings this week reporting top-line revenue of $17.8 million and a net loss of $30.9 million. Shares traded down following the news. Lemonade completed an initial public offering (IPO) earlier this year raising gross proceeds of $319 million… Read More

Online Insurance Marketplace Policygenius Unveils November 2020 Life Insurance Price Index

Policygenius, a U.S.-based online insurance marketplace, announced on Tuesday the release of its November 2020 Life Insurance Price Index. According to Policygenius, the Index displays average monthly life insurance rates using current data from leading life insurance carriers. New data from this free index is… Read More

Pie Insurance Debuts Partner API on Insurtech Platform

U.S.-based insurtech startup Pie Insurance announced on Tuesday it has launched its API for partners. Pie reported by using the program partners who serve small businesses may get a quote without leaving their platform or website. They may also customize their integration as well a connect… Read More

Insurtech Bestow Launches Protect API to Enable Companies to Directly Offer Life Insurance Coverage Within Apps Or Websites

Photo courtest velkr0 on Flickr: http://www.flickr.com/photos/velkr0/

Bestow, an Insurtech that delivers algo powered life insurance underwriting, announced on Monday it is expanding access to its entirely digital term life insurance experience. The company unveiled its new product, Protect API, which enables companies to directly offer life insurance coverage within their apps… Read More

Sapiens Unveils Plug ’n Play P&C/General Insurance Solution “IDIT GO”

Sapiens International Corporation, (NASDAQ: SPNS) and (TASE: SPNS), a global provider of software solutions for the insurance industry, announced on Tuesday the launch of IDIT Go, which is described as a pre-configured, cloud-native solution that streamlines implementation and operations, enabling general (non-life) insurers to rapidly launch… Read More

BrokerTech Ventures Accelerator Opens for 2021 Cohort Applications

BrokerTech Ventures, a broker-led convening platform and accelerator focused on delivering “innovation” to the insurance broker industry, recently announced it has opened the application window for its 2021 BrokerTech Ventures Accelerator program. According to BrokerTech,  the concept of the BrokerTech Ventures Accelerator is to be… Read More

UK Bicycle Insurtech Laka Announces Equity Crowdfunding Campaign on Seedrs

Laka, a collective-based insurer of cyclists,  recently announced plans to launch its equity crowdfunding through UK-based Seedrs. The upcoming funding round comes less than a year after Laka raised  €4.2 million, which was led by venture capital companies LocalGlobe and Creandum. As previously reported, Laka… Read More

VAIOT Becomes First Digital Asset Regulated by the Malta Financial Services Authority

  VAIOT has become the first digital asset to be regulated by the Malta Financial Services Authority (MFSA) falling under the Maltese Virtual Financial Assets Act (VFAA), according to a note from the company. VAIOT seeks to enable both businesses and consumers to utilize a… Read More

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