Insurtech

Report: Fintech Solutions to be Increasingly Adopted by Banks and Governments in 2020

In order to encourage the development of innovative solutions while supporting financial inclusion, banks and world governments are expected to increasingly adopt Fintech-based solutions next year. This, according to a recent report from Ecosystm, a “disruptive” technology research and advisory service. The report, titled “Ecosystm… Read More

China: WeiyangX Fintech Review

Xiong’an to Launch “Financial Island” and Regulation Sandbox On November 13th, Zhu Zhongwen, deputy director of the Reform and Development Bureau of Xiong’an New Area Administrative Committee, revealed that a “Financial Island” of about 2.5 square kilometers would be built in the Xiong’an New Area… Read More

Crypto Hardware Wallet Maker Ledger’s Vault Secures $150 Million Crime Insurance Policy

Ledger, the developer of security and infrastructure solutions for crypto-assets, announced on November 14 that it had acquired a crime insurance policy that covers digital assets. According to a press release shared with Crowdfund Insider, users’ assets will be secured by the Ledger Vault platform…. Read More

Insurtech: Zego is First to Claim UK Insurance License

Zego, a UK based firm, has become the first UK Insurtech to receive an insurance license, according to a release from the company. Zego will now be able to build and sell its own insurance products. Zego, which raised $42 million this past June, has… Read More

Global Insurtech Cover Genius Secures $10 Million Through Series B Funding Round Led By King River Capital

Global insurtech company Cover Genius announced last week it secured $10 million through its Series B funding round, which was led by King River Capital with participation from Belfer Family, Jasper Tans, Regal Funds Management, and Marinya Capital. Founded in 2014, Cover Genius claims to… Read More

UK Insurtech Dinghy Appoints Dorian Zanker As New CEO

Dinghy, a UK-based insurtech platform specifically for freelancers, announced on Wednesday it has appointed Dorian Zanker as its new CEO. The company reported that the appointment is part of its strategy to accelerate its growth in the UK and international freelance business market. This news… Read More

Update: UK Insurtech Pluto Closes Seedrs Round With Nearly £645,000 Secured

Pluto, a UK-based insurtech focused on travel insurance, closed its equity crowdfunding campaign on Seedrs with a total of £643,974 raised. The campaign was launched last month and quickly raised its initial £200,000 funding target. The company offered 9.09% in equity at a £2,000,486 pre-money… Read More

Canadian Insurtech Apollo Enters U.S. Market

Apollo Exchange, a Canada-based insurtech startup, recently announced it has officially entered the U.S. insurance market. Apollo reported that it entered the American market with a liability insurance product tailored for educators in California. Its insurance product allows consultants, instructors, and therapists to purchase their… Read More

Update: UK Insurtech Pluto Now Nearing £600,000 Through Seedrs Funding Round

Pluto, a UK-based insurtech focused on travel insurance, is now nearing 600,000 in funding through its equity crowdfunding campaign on Seedrs. The funding round was launched last month and quickly raised its initial 200,000 funding target. Founded in 2018, Pluto seeks to help customers make… Read More

Insurtech Unicorn: Next Insurance Raises $250 Million in Funding Round led by Munich Re

Next Insurance, an Insurtech seeking to transform small business insurance, has raised $250 million in a Series C funding round from Munich Re. According to the company, the funds will allow it to scale its “industry-leading small business insurance products.” Next Insurance wants to become… Read More

On Demand Insurtech Facilitator Slice Labs Partners with Duuo on New Products

Slice Labs, an “on-demand Insurtech, has partnered with Duuo, another on-demand insurance brand to provide” Event and Rent-My-Stuff insurance offerings.” Duuo is part of the Co-operators Group Limited, a Canadian co-operative with more than $41.7 billion in assets under administration. Duuo is using the “Slice… Read More

Plug and Play Insurtech Announces 14 Startups Selected for Batch Three of the Insurtech Europe Program

Insurtech Europe, Plug and Play’s Insurtech platform based in Germany, announced on Thursday the 14 startups that have been selected for its third batch. According to Plug and Play, the program aims to facilitate opportunities for pilots, POCs, and new relationships between the selected batch… Read More

Global Insurance Accelerator Announces New Funding Structure for Future Cohorts

The Global Insurance Accelerator (GIA), an insurtech accelerator focused on supporting and promoting innovation for the insurance industry, announced on Wednesday changes to the funding structure beginning with the 2020 cohort, and applications are now open GIA reported that since its launch 36 startups accepted… Read More

China: WeiyangX Fintech Review

The CBIRC and PBC Jointly Release 2019 China Inclusive Finance Development Report On September 29th, the China Banking and Insurance Regulatory Commission (CBIRC) and the People’s Bank of China (PBC) jointly released the “2019 China Inclusive Finance Development Report ” (hereinafter referred to as the… Read More

Insurtech TrustLayer Exits Stealth Mode, Provides Insurance Verification Using Distributed Ledger Technology

Insurtech TrustLayer has exited stealth mode, according to a company release. TrustLayer provides an automated insurance verification platform using distributed ledger technology (DLT). The enterprise blockchain app will provide real-time updates on the R3 Corda distributed ledger ecosystem Simultaneously, TrustLayer announced a partnership with residential… Read More

Plug and Play Accepts 130 Startups For Accelerator Winter 2019 Batches

Global innovation platform Plug and Play announced on Thursday the 130 startups selected to participate in their Winter 2019 batches. According to the accelerator, the selected startups will participate in one of the following programs: Enterprise 2.0, Health, Insurtech, Internet of Things, Mobility, Real Estate & Construction, or Travel & Hospitality. Speaking… Read More

U.S. Insurtech Lively Teams Up With Visa to Add New Debit Processor For HSA Program

U.S.-based insurtech Lively announced on Tuesday it has partnered with Visa to add a new debit card processing to its HSA program. Lively reported its customers now have access to their HSA funds and what the company believes is quick, reliable debit transactions secured by… Read More

China: WeiyangX Fintech Review

The People’s Bank of China Issues “China Rural Financial Services Report (2018)” On September 19th, the People’s Bank of China issued the “China Rural Financial Services Report (2018)” (hereinafter referred to as the “Report”). The report provides a detailed review of the development of China’s… Read More

Insurtech Air Doctor Receives $3.1 Million in Seed Funding

Air Doctor, an Insurtech for travelers to find local doctors, has raised $3.1 million in seed funding, according to a company release. Air Doctor states that insurance companies will no longer need to collect receipts and reimburse patients with their cash-free service. “By focusing on… Read More

U.S. Insurtech Spot Announces Launch of Injury Insurance Subscription

U.S.-based insurtech startup Spot announced on Friday it has launched its subscription-model injury coverage, which provides coverage for out-of-pocket expenses, including insurance deductibles. Founded in 2017, Spot described itself as an ambitious startup entering the insurance industry by opening an entirely new channel of distribution… Read More

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