Insurtech

China: Weiyangx Fintech Review

China’s first online centralized personal credit database is on the way Earlier this month, People’s Bank of China formally accepted the license application of Baihang Credit Investigation Ltd. Led by the National Internet Finance Association of China, Baihang will be China’s first online centralized personal… Read More

Texas Insurtech InsuredMine Launches New Consumer Insurance Management App

InsuredMine, a Texas-based insurtech startup that focused on providing consumer-focused tools for insurance management, announced on Thursday the launch of its new insurance management app for both iOS and Android users. Founded in 2017, InsuredMine describes itself as a cloud-based insurance dashboard that stores all… Read More

Insurtech Software Provider Guidewire Teams Up With Plug and Play to Advance P&C Insurance Innovation & Collaboration

Guidewire Software, Inc. (NYSE: GWRE), a provider of software products to Property and Casualty (P&C) insurers, announced on Thursday it has teamed up with global startup program and venture fund Plug and Play to advance P&C insurance innovation and collaboration.Guidewire notably joins Plug and Play’s platform as… Read More

Is Amazon Getting into Insurance? Insurtech Firm Lemonade says Amazon is Poaching their Employees

Is Amazon getting into insurance? This is a rhetorical question with a definitive yes. The only outstanding question is when. In a recent Facebook post, prominent Insurtech firm Lemonade complained about Amazon poaching their employees. Shai Wininger, Lemonade co-founder and “Chief Lemonade Maker,” said he… Read More

Challenger Bank Revolut Adds £1/Day Travel Insurance to Growing Portfolio of Services

Digital only challenger bank Revolut has released a new featured today – one that is designed to be simple to use and cost effective. Revolut has announced that users may now activate travel insurance for just £1 per day. The insurance is available at the… Read More

The Top Ten Fintech Predictions for 2018

Last year, I boldly predicted 10 Fintech movements that will take place as Earth makes another perfect rotation around our Sun. It’s always fun to look back and see how wrong I was, so let’s stump the chump! Here are my original predictions. Let’s score… Read More

Insurtech: Deutsche Bank Partners with Berlin based Friendsurance to Complement Banking Services

Deutsche Bank has announced a new strategic partnership with Insurtech firm Friendsurance. The arrangement will see the two companies working together to advise clients and help them take out and manage insurance policies. Deutsch Bank’s goal is to make it more simple, transparent and convenient… Read More

UK-Based Insurtech Honcho Completes Crowdcube Round With Nearly £850,000 in Funding

Over the weekend, UK-based insurtech Honcho completed its equity crowdfunding round on Crowdcube with a total of £849,880 secured from 712 investors. The campaign was launched in December and successfully raised its initial £650,000 days before the funding closed. As previously reported, Honcho is described as a reverse-auction marketplace… Read More

London Insurtech Digital Fineprint Raises $2.7 Million During Latest Funding Round Led By Pentech Ventures

Digital Fineprint, a London-based insurtech startup that notably harnesses social media to supercharge insurers online propositions, announced this week it secured $2.7 million during its latest funding round, which was led by Pentech Ventures with participation from existing and new investors, including Force Over Mass, and… Read More

California Insurtech Hippo Announces Partnership With Spinnaker Insurance

On Wednesday, California-based insurtech company Hippo announced it has formed a strategic partnership with Spinnaker INsurance Company. The company revealed that through the new collaboration, it will expand to new states and bring its smart home coverage to over 60% of the U.S. population by… Read More

MetLife Launches Two Insurtech Investment Programs

On Monday, global insurance company MetLife announced the launch of its two insurtech investment programs, MetLife Digital Ventures, and MetLife Digital Accelerator powered by Techstars. The company reported that both programs will be led by MetLife’s Chief Digital Office. According to MetLife, MetLife Digital Venture… Read More

Data Science Company CLARA Raises $11.5 Million Through Series A Funding Round For AI Insurtech Claim Solutions

Artificial intelligence (AI) and data science company, CLARA Analytics, announced on Thursday it raised $11.5 million Series A funding round led by OAK HC/FT for its AI insurtech claim solutions. Founded in 2016, CLARA Analytics states it builds easy-to-use, AI/machine-learning based products. The company revealed: “Today, solutions… Read More

Global Consulting & Actuarial Firm Milliman Launches New Cloud-Based Insurtech Solutions Process

On Wednesday, global consulting and actuarial firm Milliman announced it has launched its new cloud-based insurtech solutions process, Arius Enterprise. According to the company,  Arius Enterprise is part of its Arius family of solutions and relies on the Arius software to provide the analysis and… Read More

London Insurtech Urban Jungle Secures £1 Million During Seed Funding Round Led By Rob Devey

Urban Jungle, a London-based insurtech startup that seeks to revamp insurance for young people, announced on Wednesday it raised £1 million during its Seed funding round, which was led by former CEO of Prudential UK and HBOS insurance, Rob Devey with participation from angel investors… Read More

Root Insurance Now Approved to Sell Auto Insurance in Mississippi

This week, insurance company Root Insurance announced it is now able to offer its services to drivers in Mississippi. The company stated: “That’s right Mississippi, we’ve arrived, and we’re here to save you from paying too much for car insurance. Because if you’re a good… Read More

Allianz X Announces $96.6 Million Investment in Digital Microinsurer BIMA

Allianz X, the digital investment unit of the Allianz Group, announced this week it has invested $96.6 million investment in BIMA, a digital microinsurer utilizing mobile technology to serve low-income customers in Africa, Asia, and Latin America. Allianz reported it has become BIMA’s sole insurance shareholder and… Read More

Insurance Nonprofit Association TechAssure Announces Partnership With Insurtech Company Indio

TechAssure, the international nonprofit association of insurance and risk management experts for technology-related risks, announced earlier this month it has formed a new partnership with insurtech company Indio. The organization revealed that its members will gain access to Indio’s software, which is designed to improve the client… Read More

Insurtech Trōv Hooks Up with Alphabet’s Self Driving Unit Waymo

Waymo, Alphabet’s (neé Google) self-driving tech company, has partnered with Trōv an Insurtech firm that provides on-demand insurance. Waymo claims the title of “first” in the land of self driving fleet cars.  In 2018, Waymo will launch commercial ride-hailing with autonomous cars in Phoenix, Arizona…. Read More

Insurtech Lemonade Raises $120 Million in Round led by SoftBank

Prominent Insurtech firm Lemonade is having a pleasant Holiday season following the announcement they have raised $120 million to fuel platform growth. The funding round was led by SoftBank, a group that has been highly active in the Fintech sector. Valuation was rumored to be… Read More

Allianz X Stops Early Stage Investing as Part of Digital Strategy Shift & Announces Leadership Changes

Allianz X, the venture unit of the German-based Allianz Group, announced on Friday strategy and leadership changes intended to prepare the entity for long-term success. According to Allianz X, given the shift in strategy, the venture unit will discontinue its early-stage company building activities and focus… Read More