Insurtech

Insurtech Report: Hype or the Next Fintech Frontier?

Oliver Wyman is out with a report on the emerging Insurtech sector. Oliver Wyman is a global management consultancy operating in 30 different countries. For this specific report, they partnered with Policen Direkt Group in Germany, an insurance technology firm. The authors believe that the… Read More

Très Bien! Startupbootcamp InsurTech Alum CBien Secures €8M

CBien, a European digital asset management platform located in Paris, Nantes and Hamburg and recent Startupbootcamp InsurTech alum, has raised €8 million from its existing shareholders MAIF, MACIF and 5M Ventures. Funding from this second raise will be used to finance CBien’s visibility in France, its international… Read More

BNP Paribas -Plug and Play Teams Up With Station F to Host Second Startup Fintech & Insurtech Accelerator Program

BNP Paribas -Plug and Play announced on Tuesday it is partnering with Paris-based startup campus, Station F, to host its upcoming fintech/insurtech accelerator program. According to the organizations, the new partnership will provide a venue for the program. While sharing details about the upcoming program launch, Roxanne… Read More

Insurtech Company Next Insurance Secures $29 Million During Series A Funding Round

Next Insurance, an insurtech company that specializes in small to medium businesses, announced on Wednesday it secured $29 million during its Series A funding round, which was led by Munich Re/HSB Ventures with participation from  Markel, Nationwide, and other existing investors.  Next Insurance explained that… Read More

Insurtech: Next Insurance Raised $13 Million in Seed Funding to Fix SME Insurance

  The Insurtech sector has been a hot segment of the Fintech industry. In Q1 according to KPMG, Insurtech investment slowed overall but still registered a health $243 million across 43 deals. KPMG predicts this “lull” will not last as insurance companies around the world… Read More

China Credit FinTech Leads US$50M Series A in Singapore Life

Life insurance startup Singapore Life Pte Ltd announced it has raised over US$50 million in its Series A round of funding. The bulk of the investment came from a subsidiary of China Credit FinTech Holdings Limited, a Hong Kong Stock Exchange-listed company. UK-based investment firm… Read More

Insurtech Startup Hippo Insurance Launches in California: Seeks to Reinvent Home Insurance

Insurtech startup Hippo Insurance announced on Wednesday it is officially launching in California. The company is currently seeking to reinvent the way its customers seek home insurance by giving them the ability to receive a quote quickly and purchase instantly online at lower prices. Hippo’s platform… Read More

South Korean Life Insurance Company Kyobo Life Tests Blockchain

Last week, the South Korean government selected life insurance company, Kyobo Life, to pioneer blockchain technology for the money payments of commercial insurance. This new project aims to create a foundation for promoting the Internet of Things (IoT) infrastructure in South Korea. This government sponsored… Read More

Certua Says it Will Provide Real-Time Personal Financial Solutions Using Fintech

Certua is described as a Fintech platform that utilizes data to allow both individuals and advisers to benefit from financial planning solutions that automatically adjust as people’s lives change. The robo-life insurance service, expected to be the first service launched by the company, is intended… Read More

China: WeiyangX Fintech Review

  Ant Financial Opens its VR Pay Service Platform to Xiaomi and Huawei. On March 31, Ant Financial, the finance arm of Alibaba Group Holdings, revealed its new payment service for virtual reality shopping at the Shenzhen Innovation Week. The VR Pay system will greatly… Read More

The Baltic Fintech Ecosystem: Building Unicorns

  Jevgenijs Kazanins of Twino introduces the Baltic tech scene at EXEC Fintech in Berlin Those familiar with the European fintech sector may have wondered for some time about why the Baltic States, which are among the smallest countries of Europe, are producing so many… Read More

Lemonade Adds Illinois to List of States Where it Provides Insurance

Insurtech firm Lemonade has moved into the midwest by adding Illinois to the list of the states where it may offer insurance. Adding Illinois comes six months after launching in New York state by receiving regulatory approval to offer insurance. Lemonade is an insurance company… Read More

China: WeiyangX Fintech Review

Boao Forum for Asia Annual Conference Highlights Fintech: How will it Change Finance? Related: Boao Forum for Asia publishes “2016 Fintech Report” The four-day Boao Forum for Asia (BFA) Annual Conference 2017, themed with “Globalization & Free Trade: The Asian Perspectives”, was held from March… Read More

Plug and Play Announcement: Accepts 175 Startups For Accelerator Programs

Global innovation platform Plug and Play announced on Thursday its largest cohort to date. It is now running nine of their programs simultaneously with 175 startups being dispersed across the following innovation platforms: Brand & Retail, Fintech, Food & Beverage, Health & Wellness, Insurtech, Internet of… Read More

LendIt Launches New Media Brand LendIt News

Lendit announced on Monday that it is launching its new media brand, Lendit News, that is being described as a financial technology ‘fintech’ resource dedicated to providing curated content and analysis of the most up-to-date industry news from around the globe. This announcement comes on the… Read More

$1 Million Prize Awarded to Israeli Insurtech Startups GetmeIns and Seegnature

Israeli startups GetmeIns and Seegnature shared the top $1 million prize in the Insurtech Israel competition, reportedly a first of its kind competition in Israel for startups in the field of insurance technology.  JVP decided to double the grand prize, investing over $2 million in the winners…. Read More

InsurTech Startup Digital Fineprint Announces MetLife Collab Partnership & Preps for Asia Expansion

Digital Fineprint, an InsurTech startup that notably harnesses social media to supercharge insurers online propositions, announced on Mond ay it has become one of eight InsurTech companies in the global to take part in MetLife’s Collab Partnership. The London-based company revealed it was selected out… Read More

China: WeiyangX Fintech Review

PBOC Becomes the First Central Bank to Issue Digital Currency Just at the start of 2017, People’s Bank of China (PBOC) took a big step in the area of digital currency. According to its announcement, PBOC has managed to test digital bill trading with beta-digital… Read More