Insurtech

December 4, 2021 @ 10:02 am By Omar Faridi  |  

Gigacover, a Singapore-headquartered Fintech firm that offers gig workers with access to employment/worker benefits, has announced that it’s expanding its operations into the Philippines, which has a 1.5 million+ informal workforce. Gigacover provides freelancer workers with special incentives associated with maintaining regular employment. In statements… Read More

December 3, 2021 @ 10:49 am By Omar Faridi  |  

The Demex Group, the tech firm behind a platform for analyzing, pricing, and transferring climate-linked risks at scale, has announced that it has secured $9 million in a Series A round led by financial services and technology investors, Anthemis Group, Blue Bear Capital, and QBE… Read More

December 2, 2021 @ 9:30 am By JD Alois  |  

Deel has announced the launch of “Deel Premium” a new service that facilitates remote hiring and compliance, worldwide. Deel has partnered with Insurtech Tint, a startup that provides an insurance-as-a-service platform. Tint’s best-in-class API allowed Deel to design, launch, and scale this new service. Deel… Read More

November 29, 2021 @ 2:06 pm By Omar Faridi  |  

Rnwl, a platform planning to transform/improve the current buying and managing insurance process, has secured 184% (£276,448) of its £150,002 target from 304 investors (at the time of writing) with 23 days left in its crowdfunding campaign, carried out via Seedrs. Located in Cambridge, United… Read More

November 23, 2021 @ 9:43 pm By Omar Faridi  |  

Klook, a travel and leisure booking platform and ZA Tech Global Limited, the technology venture established by ZA International and backed by Softbank’s Vision Fund 1, has  announced a joint venture that will aim to accelerate “the availability and accessibility of travel-related insurance to consumers… Read More

November 19, 2021 @ 10:09 pm By Tony Zerucha  |  

Fatberry, a Malaysian Insurtech platform, this week announced its acquisition of MooMoo, an insurance broker for an undisclosed amount. The move, which allows Fatberry to expand into Thailand, was facilitated through ASEAN Fintech Group, Fatberry’s majority investor. MooMoo is a seven-year-old company that began by… Read More

November 17, 2021 @ 10:05 am By JD Alois  |  

Fort Ross Ventures has closed on a $200 million fund that targets late stage, Series D, investments. Fort Ross has backed multiple high profile Fintechs including Roofstock, LendingHome (now Kiavi), eToro and more. Fort Ross notes that in addition to a strong footprint in the… Read More

November 10, 2021 @ 6:12 pm By Tony Zerucha  |  

Venture fund Digital Horizon today launched its second venture fund with a target volume of $200 million. The first fund, which opened in 2019, is completing the investment stage and has so far returned 40 per cent annually to investors, the company said. Its portfolio… Read More

November 8, 2021 @ 10:46 am By JD Alois  |  

Nimbla, an Insurtech startup, has announced a £5.1 million funding round led by Silicon Valley venture fund Fin VC with participation from Barclays Bank. Nimbla states that the funding will help it scale its operations with increased demand from embedded credit risk solutions through its… Read More

November 8, 2021 @ 10:36 am By JD Alois  |  

Insurtech Igloo has partnered with HD to provide health-related micro-insurance products via the HDmall healthcare marketplace platform in Thailand. Muang Thai Insurance (MTI), a non-life insurance company, will be underwriting the health insurance products such as cancer and mobile syndrome insurance, and more, according to… Read More

November 3, 2021 @ 8:06 pm By Omar Faridi  |  

Spanish financial institution CaixaBank has teamed up with B2B2C Insurtech platform bsurance in order to implement and test out embedded life insurance products. The collaboration is reportedly a part of CaixaBank’s open innovation program, Innsomnia. bsurance has been chosen along with seven other startups from… Read More

November 1, 2021 @ 10:51 pm By Omar Faridi  |  

NTUC Income, an insurance cooperative based in Singapore, has reportedly made its first efforts to expand into three other Southeast Asian markets including Indonesia, Vietnam and Malaysia. NTUC Income has entered strategic partnerships with PT Central Asia Financial (JAGADIRI) in Indonesia, Post and Telecommunication Joint… Read More

October 30, 2021 @ 4:18 pm By Omar Faridi  |  

F10 Spain has announced 10 high-potential startups that are joining the second cohort of its Incubation Program in Barcelona. Chosen from over 180 national and global applications, this batch aims to bring innovative business models and trends, includes more female founders and “a good mix… Read More

October 29, 2021 @ 2:40 pm By Omar Faridi  |  

UNest, an app that aims to empower parents to invest and save for their kids’ future, and Avibra, a provider of personal well-being, risk, and protection solutions, announced a partnership that provides families access to services such as no-cost life insurance policy as well as… Read More

October 26, 2021 @ 3:09 pm By Omar Faridi  |  

Arturo, an artificial intelligence-powered platform that derives property insights and predictive analytics from aerial and satellite imagery, announced that it has joined the Amazon Web Services (AWS) Partner Network (APN). By joining the APN, Arturo becomes part of the international community of Partners that are… Read More

October 24, 2021 @ 3:45 pm By Omar Faridi  |  

Bowtie, which claims to be Hong Kong’s first digital insurer, announced earlier this week the completion of a $22.6 million Series B1 round that was led by Mitsui & Co., Ltd., with participation from existing investor Sun Life Hong Kong Limited. Mitsui is one of… Read More

October 23, 2021 @ 7:48 am By Omar Faridi  |  

NEXT Insurance, the digital Insurtech firm transforming small business insurance, has announced the availability of NEXT Connect, a trusted embedded insurance solution for small business software ecosystems in the US. As mentioned in a release shared with Crowdfund Insider, NEXT Connect enables small businesses to… Read More

October 20, 2021 @ 9:57 am By JD Alois  |  

Lithuania is a European jurisdiction that wants to support innovation in financial services. As part of the European Union, the small baltic country has the opportunity to be more agile within the regulatory realm in contrast to larger EU member states. This past week, the… Read More

October 19, 2021 @ 8:47 am By JD Alois  |  

Insurtech firm BondAval has raised a $7 million seed round led by UK-based venture fund Octopus Ventures. Bondval also received the backing of Expa, along with support from existing investors Insurtech Gateway and TrueSight Ventures and several entrepreneurs, including Tom Blomfield (Monzo and GoCardless), Charlie… Read More

October 17, 2021 @ 9:09 pm By Omar Faridi  |  

PayMaya Philippines has partnered with bolttech, a global Insurtech, in order to give Filipinos easier access to “affordable” microinsurance and services delivered “seamlessly on the PayMaya app with PayMaya Protect.” Through the partnership, PayMaya‘s clients may benefit from relevant and “easy-to-understand” coverage in the PayMaya… Read More