Insurtech

European Payment Processor Borgun Announces Partnership With Fintech & Insurtech Novae

Borgun, a European payment processor and merchant acquirer, announced earlier this week it has signed an agreement with the fintech and insurtech company novae to support its digital transformation. Borgun reported that it and novae are aiming to co-create solutions in a digital capability framework… Read More

Philippine Insurtech Saphron Raises S$1.4 Million Through Seed Funding Round Led By Sage & Talino Labs

Saphron, an insurtech based in the Philippines, has reportedly secured S$1.4 million through its seed funding round, which was led by Sage and Talino Labs. Saphron revealed it was built out of its “bold ambition” to make insurance radically accessible through powerful and seamless technology…. Read More

Commercial Property Insurer FM Global Joins Plug and Play

FM Global, a commercial property insurer whose clients include more than one-third of Fortune 1000 companies, announced on Wednesday it has formed a partnership with Plug and Play, a global innovation platform. According to GM Global, startups accepted into Plug and Play’s platform will have… Read More

Insurtech BriteCo Raises $2 Million Seed Round, Targets Fine Jewelry Market

Insurtech BriteCo has announced a $2 million seed round led by Brian Spaly, the founder of Trunk Club, and Jeff Taylor, the former chairman and CEO at Cole Taylor Bank. BriteCo is targeting the fine jewelry and watch market to provide insurance within minutes of… Read More

Insurtech Startup Zesty.ai Forms New Partnership With Aon to Improve Underwriting With Property Data Solution Powered By AI

Insurtech startup Zesty.ai has recently formed a new partnership with Aon plc (NYSE:AON), a global professional services firm providing a broad range of risk, retirement and health solutions, to enhance insurers’ underwriting through access to more than 130 billion data points on buildings and their… Read More

U.S. Insurtech Corvus Launches Smart Cyber Excess Insurance Policy with $10 Million Limit

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Corvus, a U.S.-based insurtech startup, announced last week the launch of its Smart Cyber Insurance product lines. Founded in 2017, Corvus Insurance is an AI-driven InsurTech company offering Smart Commercial Insurance policies and innovative technology that utilizes new forms of data to predict and prevent… Read More

Insurtech: Assurely Partners with AXA to Provide Insurance on STO Investments, Investment Crowdfunding

Insurtech Assurely has partnered with AXA XL, a division of AXA, on a new insurance product for issuers and investors pertaining to online capital formation. The new product seeks to safeguard investments in security token offerings (STOs) and traditional investment crowdfunding offerings. Assurely reports that… Read More

German Insurtech Platform wefox Group Secures $125 Million Through Series B Investment Round

wefox Group, a Germany-based insurtech firm, has successfully secured $125 million through its Series B funding round. China-based fintech CreditEase reported that its direct investment arm, CreditEase Fintech Investment Fund (CEFIF) participated in the round, with Goldman Sachs International acting as a private placement adviser… Read More

Fintech & Insurtech novae Launches All-Digital Platform Onboard

Novae, a U.S.-based fintech and insurtech firm, announced on Wednesday it has launched Onboard, which is described as an all-digital platform that allows bank cardholders to access all their card-related benefits by simply downloading the app and entering the first six digits of their cards…. Read More

Insurtech Pie Insurance Secures $45 Million Through Series B Funding Round

Less than six months after raising $4.3 million through its seed round led by Sirius Group, Moxley holdings and Elefund, insurtech startup Pie Insurance announced it has secured $45 million through its Series B funding round. The round attracted Moxley Holdings and Elefund, along with… Read More

Canadian Insurtech Breathe Life Secures C$4.5 Million Through Latest Seed Funding Round Led By Diagram Ventures

Breathe Life, a Canada-based insurtech startup, has recently secured C$4.5 million through its latest seed funding round, which was led by Diagram Ventures with participation from Real Ventures. Founded in 2017, Breathe Life reports that its platform delivers a “modern customer-centric experience” with tools and… Read More

Thailand Insurtech Startup Sunday Secures $10 Million Through Series A Funding Round

Sunday, a Thailand-based insurtech startup, announced on Monday it secured $10 million through its Series A funding round, which was led by global investor network Vertex Ventures SEA and India. Founded in 2017, Sunday is a fully-integrated sales and services InsurTech that uses artificial intelligence and digital… Read More

Insurtech Startup Hippo Insurance Partners With Neptune Flood to Create Online Home & Flood Insurance Solution

Insurtech startup Hippo Insurance announced on Thursday it has teamed up with Neptune Flood, a data-driven flood insurance company, to launch a new online home and flood insurance solution. Launched in 2017, Neptune Flood allows users to quote and buy flood insurance in under two minutes, removes the… Read More

Insurtech Socotra Raises $5.2 Million. Total Raised Hits $18 Million

An extended Series A funding round has seen Insurtech Socotra raise an additional $5.2 Million. Last September, Socotra closed on a $5.5 million funding round. Total funding now stands at $18 million. This newest funding was led by 8VC with Insurers Nationwide and MS&AD Ventures… Read More

Insurtech Inshur Raises $7 Million Series A, Gains $2 Million Credit Facility

Insurtech Inshur has closed on a $7 million Series A investment round alongside a $2 million credit facility, according to a release from the company.  The investment was led by Munich Re Ventures with participation from MTech Capital – a venture fund focused on Insurtech. … Read More

Insurtech Platform Coverhound Secures $58 Million Through Series D Funding Round Led By Specialist Insurer Hiscox

CoverHound, the property and casualty (P&C) insurance platform for digital distribution, announced last week it secured $58 million through its Series D funding round, which was led by specialist insurer Hiscox, with participation from insurance providers Chubb, Aflac Ventures and Japan-based MS&AD. Founded in 2010, Coverhound offers digital shoppers instant quotes… Read More

U.S. Insurtech Jetty Secures $25 Million Through Series B Funding Round Led By Khosla Ventures

Jetty, a U.S.-based insurtech startup, announced on Wednesday it secured $25 million through its Series B funding round led by Keith Rabois of Khosla Ventures with participation from Valar Ventures and Ribbit Capital. Founded by Mike Rudoy and Luke Cohler, Jetty states it offers insurance that is designed to help… Read More

Friendsurance CEO Tim Kunde Discusses New Business Brand, Bancassurance, Insurtech Trends & More…

The German digital insurance platform Friendsurance, which serves nearly 150,000 customers and works together with 175 insurance companies, now offers its digital bancassurance solutions under the new brand name Friendsurance Business. The expansion was made in  response to the increased demand from banks and insurance… Read More

Connecticut Innovations Opens Applications For $5 Million Global Venture Challenge

Connecticut Innovations (CI), a Connecticut-based strategic venture capital arm, announced on Monday it has opened applications for its $5 million global venture challenge, VentureClash. According to CI, VentureClash is for early-stage digital health, fintech, insurtech, and industry 4.0 companies. To be eligible to apply, a company must:… Read More

Zurich Insurance Group Names Zesty.ai Winner of Global Insurtech Competition

Zurich Insurance Group announced on Thursday it has named Zesty.ai the winner of its global insurtech competition, Zurich Innovation World Championship. According to Zurich, Zesty.ai was selected for its work using artificial intelligence to revolutionize risk underwriting and customer experience for Property and Casualty insurance…. Read More

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