Insurtech

U.S. Insurtech Corvus Now Offering Cyber Risk Reports to healthcare Entities Responding to COVID-19

Corvus Insurance, a U.S.-based insurtech startup, announced on Wednesday it is now providing cyber risk analysis and reports for hospitals, healthcare entities or any organization on the frontlines of the healthcare response to the COVID-19 pandemic. The company reported that The Corvus initiative, which is… Read More

German Digital Corporate Pension & Life Insurance Provider Xpension raises €25 Million Through Series C Investment Round Led By HPE Growth

Xpension, a German digital corporate pension and life insurance brand, announced on Monday it secured €25 million through its Series C funding round, led by HPE Growth with participation from  Cinco Capital, led by Lars Hinrichs (Founder of XING and Chairman of Xpension), and Armada… Read More

China: WeiyangX Fintech Review

Risk Alert against the Hype of Overseas Virtual Currency Exchanges Back in 2017, the People’s Bank of China (PBC), Cyberspace Administration of China and other 5 ministries published the “Notice on Guarding against Risks of ICOs”, stipulating that virtual currency trading and ICOs are illegal… Read More

Plug and Play Accepts 167 Startups For Summer 2020 Batches

Silicon Valley accelerator, Plug and Play, announced on Thursday the 167 startups chosen for their Summer 2020 Batches. Plug and Play reported the startups were selected by its corporate partner network and will enter one of the accelerator’s programs for the next three months, which… Read More

Insurtech NY Names Agilius & Matterport the Winners of Global Insurtech Competition

Insurtech NY, an insurtech community that is located in the New York metro area, announced on Wednesday the winners of the 2020 Insurtech Competition. As previously reported, more than 200 startups applied to compete in a two-track competition, pitting early and growth-stage companies against each other,… Read More

U.S. Commercial Insurtech Coterie Raises $8.5 Million Through Series A Funding Round Led By RPM Ventures

Coterie, a U.S.-based commercial insurtech, recently announced it secured $8.5 million through its Series A funding round, which was led by RPM Ventures with participation from Allos Ventues, Western & Southern, Intercept Ventures, Frontier Venture Capital, and Sure Ventures. The company previously raised $3.15 million…. Read More

Covid-19 Crisis Response: Investors of European SME Lending Marketplace October Approve 3-month Freeze on Loan Capital Repayment

The management of October, the Paris-headquartered European SME lending marketplace, announced today a three-month freeze on capital repayment in order to support the business continuity of its SME borrowers during the coronavirus crisis. A Capital Reimbursement Freeze The moratorium concerns loans granted by October to… Read More

BitGo Launches Dedicated Customer Excess Specie Insurance Purchasing Program to Custody Clients

Blockchain software firm BitGo announced on Wednesday it is now offering dedicated customer Excess Specie Insurance to BitGo Custody clients. The digital asset financial services provider reported that last year it introduced its digital asset insurance protections, including $100 million for assets held in BitGo… Read More

AMTD Digital, the Digital Finance Unit of AMTD Group, to Acquire Controlling Stake in PolicyPal

AMTD Digital, the digital finance division of AMTD Group, has revealed that it will be acquiring a controlling stake in PolicyPal, a firm that’s licensed by the Monetary Authority of Singapore (MAS). PolicyPal is notably the first graduate of MAS’s Fintech regulatory sandbox program. The… Read More

Insurtech: France-based Akur8, an AI-enhanced Insurance Platform, Secures €8 Million via Series A Round from BlackFin Capital and MTech Capital

Paris-headquartered Akur8, a company that’s developing an artificial intelligence (AI)-enhanced insurance pricing platform, has secured €8 million via a Series A round from BlackFin Capital and MTech Capital. The funds raised will be used to expand the firm’s business operations across North and South America… Read More

Canadian Insurtech PolicyMe Secures $3.3 Million Through Latest Investment Round Co-Led by Consorcio – HCS Capital & Westdale Properties

PolicyMe, a Canada-based insurtech startup, recently announced it secured $3.3 million through its latest investment round, which was co-led by Consorcio – HCS Capital and Westdale Properties. Founded in 2018, PolicyMe is on a mission to simplify life insurance, offering customized, and automated advice for… Read More

Insurtech: Cathay Financial Joins Plug and Play’s Insurance Technology Program in Singapore

Cathay Financial has reportedly decided to join Plug and Play Singapore’s insurance technology  (Insurtech) program.  Both parties are planning to extend their partnership by working cooperatively with promising startups that are developing products and services for the financial services and health industry.  Cathay Financial and… Read More

Zurich UK Teams Up With Carpe Data to Combat Fraud & Increase Claims Efficiency

Zurich UK, a company that provides a suite of general insurance and life insurance products to retail and corporate customers, announced on Tuesday it is now working with U.S. data group Carpe Data to improve claims processing efficiency and fight fraud. Zurich UK reported that… Read More

Insurtech: Instanda Raises $19.5 Million in Series A Funding Round

Instanda, a customer and policy management platform for the insurance industry, has raised $19.5 million in a Series A fundraising round. According to the company, the funding round was led by Assembly Capital Partners the investment will support the firm’s international expansion in the United… Read More

German Insurtech omni:us Secures $13 Million Through Series A Investment Round Led By CommerzVentures

Germany-based insurtech omni:us recently announced it secured $13 million through its Series A investment round, which was led by CommerzVentures with participation from Viola FinTech and Uniqa Ventures. The investment round notably comes just a few months after omni: us received a €1.6 million grant from… Read More

Insurtech NY Announces Global Insurtech Competition Finalists

InsurTech NY, an insurtech community that is located in the New York metro area, announces the finalists of its 2020 InsurTech Competition. The organization reported that more than 200 startups applied to compete in a two-track competition, pitting early and growth-stage companies against each other, for over $300,000 in… Read More

Denmark-based Insurtech Penni.io Secures from €2 Million in Funding from Major Nordic Region Insurance Sector Participants

Denmark-based Insurtech company Penni.io has reportedly secured €2 million in funding from three major Nordic region insurance industry participants. The firm is planning to use the capital raised to expand its operations across Europe and globally. Established in 2016, Penni.io aims to assist insurance companies,… Read More

Insurtech Setoo to Provide Coverage for Poor Snow Conditions in Partnership with Issta

No Snow, No Go Insurtech Setoo is now providing coverage for customers of Issta, the largest travel agency in Israel. In a “first of its kind” service, customers can now be protected against poor skiing conditions that can ruin winter holidays. Setoo is a “Protection… Read More

UK Insurtech Zego Secures Insurance Broker License in France

Zego, a UK-based insurtech, announced on Tuesday it was granted its insurance broker license in France. Founded in 2016, Zego states it provides customers “top-of-the-range” custom products to explore the “full potential” of their entrepreneurial spirit. “Insurance hasn’t changed in more than a century. But… Read More

Insurance Underwriter Managing Agency Partners Limited Integrates with Insurtech ClauseMatch

ClauseMatch, an Insurtech that was part of the inaugural Barclays accelerator programme, has integrated with Managing Agency Partners Limited (MAP), an underwriting agency in the Lloyd’s of London insurance market. According to a release, MAP is one of the first insurance companies in the UK… Read More

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