Insurtech

September 22, 2020 @ 9:38 am By JD Alois  |  

  EasySend, a company that wants to help insurance companies, banks, and other financial services firms better develop their tech stack with an “AI-powered no-code platform,” has raised $16 million. The Tel Aviv based company reports that the Series A funding was led by Hanaco… Read More

September 18, 2020 @ 11:17 pm By Samantha Hurst  |  

  ACKO, a India-based insurtech startup, announced this week it secured $60 million through its latest funding round, which was led by Munich Re Ventures. Founded in 2016, ACKO claims it is India’s first and fastest-growing InsurTech company which makes buying and using insurance effortlessly…. Read More

September 18, 2020 @ 9:27 am By Samantha Hurst  |  

Online financial advisor Betterment announced on Thursday it has formed a partnership with insurtech company Sure to provide cell phone insurance to Betterment Checking users, offering coverage for phone damage or theft. The offering is notably available to any Betterment Checking user that pays their monthly cell bill… Read More

September 17, 2020 @ 10:47 pm By Omar Faridi  |  

Insurance technology (Insurtech) has been evolving rapidly since the past few years. The COVID-19 outbreak has forced the sector to take a serious look at how it communicates with other industry professionals. A new Insurtech report questions and looks into whether agents can work effectively… Read More

September 17, 2020 @ 9:12 am By Samantha Hurst  |  

Policygenius, a U.S.-based online insurance marketplace, announced earlier this week it offering Lincoln TermAccel, which is a new life insurance product from Lincoln Financial Group. Policygenius claims that Lincoln TermAccel provides customers with a new way to access life insurance conveniently and quickly. PolicyGenius also… Read More

September 14, 2020 @ 10:00 am By JD Alois  |  

Insurtech Rnwl Crowdfunding for Growth Capital SyndicateRoom used to be one of the three top securities crowdfunding platforms in the UK. The Fintech has since morphed into an EIS fund that targets promising early-stage firms being backed by “super angels”. Co-founded by Gonçalo de Vasconcelos,… Read More

September 11, 2020 @ 10:30 am By Samantha Hurst  |  

Sunday, a Thailand-based insurtech startup, has reportedly raised $9 million through its Series B bridge investment round. According to KrAsia, the investment round was led by SCB 10X, the venture capital arm of the Siam Commercial Bank PCL (SCB), with participation from Vertex Ventures Southeast… Read More

September 9, 2020 @ 3:31 pm By Samantha Hurst  |  

  Policygenius, a U.S.-based online insurance marketplace, announced on Wednesday the launch of the Policygenius Life Insurance Price Index, which displays average monthly life insurance rates using current data from leading life insurance carriers. Policygenius revealed that the index launches in tandem with Life Insurance Awareness… Read More

September 8, 2020 @ 11:28 pm By Omar Faridi  |  

Chinese insurance giant Ping An recently pointed out that Fintech has the potential to enhance operational efficiency by reducing business costs and lowering certain risks in the financial services sector. Supporting SMEs is one way more established institutions can enable digital transformation across the financial… Read More

August 30, 2020 @ 10:58 pm By Samantha Hurst  |  

  U.S. insurtech startup Hippo Insurance recently announced it launched in the state of Delaware. Founded in 2015, Hippo describes itself as a home insurance company that’s changing the way people safeguard their most important asset. “We’ve reimagined the traditional homeowners insurance policy, removed things that… Read More

August 18, 2020 @ 3:37 pm By Samantha Hurst  |  

Claimsforce, a Germany-based insurtech startup, reportedly secured €7 million through its Series A investment round, which was led by Notion Capital. According to Verdict, the round saw participation from Fly Ventures, Point Nine, and La Famiglia. Claimsforce explained it is on a mission to create… Read More

August 14, 2020 @ 2:19 pm By Samantha Hurst  |  

U.S. insurtech startup Kin Insurance announced on Thursday it secured $35 million through its Series B investment round, which was led by  Commerce Ventures with participation from Hudson Structured Capital Management Ltd. (doing its reinsurance business as HSCM Bermuda), Flourish Ventures, QED, Alpha Edison, Allegis… Read More

August 11, 2020 @ 2:24 pm By Samantha Hurst  |  

Policygenius, a U.S.-based online insurance marketplace, announced on Tuesday the launch of its mobile app, which enables consumers to create wills and trusts conveniently on their phones. Consumers may also shop for life and home insurance from the app, creating a mobile one-stop-shop for key… Read More

August 9, 2020 @ 2:52 pm By Omar Faridi  |  

One Inc, a provider of digital payment platforms for the insurance sector, recently revealed that it has acquired Invenger Technologies, Inc., which includes its online claims payment product, Invenger-InsurPay. Karen Furtado, partner at Strategy Meets Action, said that the acquisition of Invenger, including the digital… Read More

August 7, 2020 @ 11:26 am By Samantha Hurst  |  

OneConnect Financial Technology Co. Ltd. (OneConnect), an associate company of China’s insurance giant Ping An Group, announced earlier this week it has joined forces with Swiss Reinsurance Company Ltd. (Swiss Re) to co-develop a digital end-to-end solution for motor claims handling for the European market, based… Read More

August 4, 2020 @ 3:27 pm By Samantha Hurst  |  

Just a couple of months after the closing of its latest investment round, which raised $127 million, insurtech startup Pie Insurance announced the launch of its new partner portal.  According to Pie, the portal uses proprietary technology that makes it easier for partner agents to… Read More

August 3, 2020 @ 1:12 pm By Samantha Hurst  |  

Next Insurance, an insurtech seeking to transform small business insurance, announced on Monday the availability of Tools and Equipment and Hired and  Non-Owned Auto (HNOA). According to Next, the product offerings are the latest developments in the company’s path to becoming the one-stop-shop for insurance coverage… Read More

August 3, 2020 @ 10:25 am By Samantha Hurst  |  

Digital insurance platform for businesses CoverWallet announced on Monday the launch of its new digital insurance product specifically for venture capital (VC) backed startups. According to CoverWallet, VC-backed startups may instantly buy and manage Directors & Officers insurance (D&O), Employment Practices Liability (EPL), and Fiduciary… Read More

July 27, 2020 @ 1:03 pm By Samantha Hurst  |  

battleface, a UK-based insurtech, recently announced the launch of its COVID-19 travel insurance package. battleface reported that the new policy will give travelers the peace of mind they have been looking for to venture out safely, including to countries currently advised against traveling to by… Read More

July 26, 2020 @ 10:05 pm By Samantha Hurst  |  

Equipsme, a UK-based startup that is aiming to democratize health insurance by making it an affordable reality for businesses of all sizes, is set to close its equity crowdfunding campaign on Crowdcube with nearly £600,000 in funding from more than 440 Crowdcube investors. As previously… Read More