Insurtech

Insurtech Industry Update: Early-Stage Startups Report Relatively High Deal Sizes

From the “drought” in dealmaking to another solid year for early-stage firms, CBInsights has shared industry trends that are now transforming the global Insurtech sector. The research study from CBInsights notes that during the past year, investors continued to move away from Insurtech firms. According… Read More

Malaysian Insurtech PolicyStreet Launches Drive+ Membership Loyalty Program

PolicyStreet, an insurtech based in Malaysia, is shifting gears with the launch of its customer loyalty program, Drive+ Membership. Designed to put Malaysian drivers in the “fast lane” of savings and convenience, the Drive+ membership features benefits such as “an 80% discount on road tax,… Read More

Cytora Introduces Explainable Agentic AI Solution for Digital Risk Processing

Cytora has announced the latest version of its digital risk processing platform, Cytora Platform 3.0. This updated version enhances the platform’s capabilities by utilizing agentic AI in a fully explainable manner. Agentic AI orchestrates teams of digitization agents that think, work, and explain like humans… Read More

Insurtech Cowbell Launches Resiliency Services to Support Businesses as AI-Powered Cyber Threats Increase

Cowbell, a provider of cyber insurance for small and medium-sized enterprises (SMEs) and middle-market businesses, launched a Cowbell Resiliency Services (CRS) unit in response to a rise in the frequency, severity, and diversity of cyber threats as a “complement” to its existing risk management program…. Read More

Insurtech Cowbell Strengthens UK Middle Market Offering

Cowbell, a provider of cyber insurance for small and medium-sized enterprises (SMEs), is pleased to announce that it is strengthening its UK middle market product offering. Cowbell announced the appointment of James Porter as Lead Underwriter for the UKā€™s middle market segment. In his new… Read More

Insurtech CyberCube Teams Up with Singapore’s Acclaim Insurance Brokers

CyberCube, the provider of cyber risk analytics software, is pleased to partner with Acclaim Insurance Brokers, one of Singaporeā€™s risk consultants and insurance brokers. With local expertise and an international network, Acclaim says that it serves a client base of over 2,000 companies. Acclaim reportedly… Read More

DriveScore to Assist Safe Drivers with Obtaining Affordable Auto Finance Deals

DriveScore, an app that utilizes telematics technology to reward good drivers with discounted car insurance, has launched what it claims is the first car finance deals service that offer discounts for “safe” drivers. This approach enables drivers to leverage their personalized driving data to secure… Read More

Insurtech Jove Introduces Business Liability Insurance in Europe

InsurtechĀ Jove is now offering Business Liability Insurance specifically designed to cater to small businesses across Europe. Targeting businesses with fewer than 20 employees, Joveā€™s new insurance aims to provide coverage across various, including creative sectors, media, engineering, and consultancy. This solution is available in all… Read More

Insurtech CyberCube 2025 Predictions Report: AI Innovation, Cross-Sector Partnerships to Transform Cyber Insurance Ecosystem

CyberCube, the global firm focused on cyber risk analytics, has released its 2025 Predictions Report, offering insights into the dynamics of the cyber (re)insurance market. The report identifies trends and challenges shaping the sector in the year ahead. As noted in the update from CyberCube:… Read More

LatAm Insurtech OlƩ Life Reports $13M Series B Led by PayPal Ventures

OlĆ© Life, a Latin American insurtech company, announced that it has raised $13 million in Series B funding, led by PayPal Ventures with participation from Mundi Ventures, AV8 and Advent Morro. OlĆ© Life explained that is focused on redefining how families access and experience financial… Read More

Global Insurtech BOXX Insurance Continues US Business Expansion Plans

Global Insurtech BOXX Insurance is continuing US business expansion plans with product and distribution management leadership hires. BOXX Insurance, a global cyber Insurtech, is pleased to announce three new appointments to support its growth agenda in the US. Erik Tifft has been appointed Head of… Read More

European Insurtech wefox and DARAG Group Announce Transfer of Run-Off Portfolio

DARAG Group, a legacy acquirer with a focus on the European and UK market, and wefox Insurance AG, the Liechtenstein-domiciled insurance carrier of wefox Group, announced the transfer of a run-off “portfolio including Motor Damage and Third Party Liability, Private Liability and Property business across… Read More

AI-Based Underwriting Platform Deep Vector Celebrates $1.5M Raise

This week, Deep Vector, an AI platform for analyzing underwriting documents, closed its seed round ofĀ $1.5M, co-led by Aperture Venture Capital and InsurTech NY. Deep Vector helps insurers and brokers translate the influx of analog documents used for underwriting riskā€”claims loss runs, Acord forms, motor… Read More

Sixth Street to Support Northwestern Mutualā€™s Investment Strategy for its Institutional Investor Portfolios

Northwestern Mutual, a financial services provider of insurance and wealth products, and Sixth Street, a global investment firm, announced a partnership to support Northwestern Mutualā€™s long-term, diversified investment strategy for its institutional investment portfolios, which “total over $320 billion.” Under the partnership, Sixth Street will… Read More

Insurtech Akur8 Core Platform Solution Selected By Farm Bureau Insurance Company of Idaho

Akur8, the insurance pricing and reserving solution powered by transparent machine learning, is pleased to announce that Farm Bureau Insurance Company of Idaho, the property-casualty insurance company headquartered in the Gem State, has selected Akur8ā€™s Core Platform solution to streamline the development of “high performing,”… Read More

European Insurtech wefox Reportedly Finalizes $170 Million Refinancing Deal

European Insurtech firm wefox has reportedly finalized a $170 million refinancing deal. wefox, a European insurance tech firm established back in 2015 by Julian Teicke, is said to be finalizing a ā‚¬170 million refinancing deal that has been led by private equity company Searchlight Capital… Read More

Digital Risk Processing Platform Cytora Partners with Moodyā€™s RMS

Cytora, the digital risk processing platform, has partnered with global catastrophe risk modeling and solutions company Moodyā€™s RMS. The integration will now reportedly enable P&C underwriters to gain insights into climate and natural disaster risk. Moodyā€™s RMS Location Intelligence API provides catastrophe peril insights in… Read More

Digital Payments: GoAuto Insurance Implements One Inc’s ClaimsPay, PremiumPay to Streamline Processes

One Inc, the payments network for the insurance industry, announced that GoAuto Insurance, selected One Incā€™s ClaimsPay and PremiumPay products for a “fully” integrated and digitized policyholder payment experience. This integration enables GoAutoā€™s workflow by leveraging One Incā€™s inbound and outbound payment capability, consolidating all… Read More

Singapore Insurtech bolttech Secures Over $100m in Series C Funding

Singapore-based insurtech firm bolttech has successfully raised over $100 million in its latest Series C funding round, according to a company statement released on Friday. The funding round was anchored by Dragon Fund, with significant participation from Liquidity and MUFG. Additional investors in the round… Read More

Cyber Risk Analytics Firm CyberCube Teams Up with Mathison Insurance Partners

CyberCube, the provider of cyber risk analytics for the insurance industry, has signed a multi-year partnership with Mathison Insurance Partners. The collab marks a key milestone in empowering Mathison to deliver “cyber risk solutions to its retail partners and clients.” Mathison Insurance Partners, a specialist… Read More

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