Insurtech

Fintech RemitRadar Announces Strategic Partnership With Global Reinsurer PartnerRe

UK-based fintech RemitRadar and global reinsurer PartnerRe announced on Thursday they have entered into a joint strategic cooperation agreement. The companies revealed: “PartnerRe and RemitRadar have entered into a joint effort to capitalise on RemitRadar’s money transfer ecosystem, web presence, and social media channels, including… Read More

Insurtech: FCA & Hong Kong Insurance Authority to Cooperate on Fintech

The Financial Conduct Authority (FCA) has entered into a co-operation agreement with the Hong Kong Insurance Authority (IA) designed to enhance collaboration in supporting Fintech innovation.  The FCA explains the agreement includes information sharing and mutual referrals of Fintech firms looking to enter into either… Read More

ADGM, IFC Abu Dhabi & KPMG Cite Shortlist for October’s FinTech Abu Dhabi Innovation Challenge

Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, in collaboration with KPMG, announced that 11 outstanding global FinTech firms have been shortlisted for the inaugural FinTech Abu Dhabi Innovation Challenge in October.  The selected firms are currently undergoing an intensive five-week… Read More

Insurtech Zebra Receives $40 Million Series B

The Zebra, an auto insurance comparison marketplace, has raised $40 million in Series B funding led by Accel Partners. Simultaneously, the Zebra introduced Keith Melnick, former president of travel metasearch engine KAYAK as Chief Executive Officer, joining the company as it expands to reach new users and… Read More

Next Insurance Introduces New Portal for SMEs, Promises Transparency

Fresh from its successful $29M Series A funding round, Next Insurance, a US digital insurtech company for small businesses, has launched a free online portal that will provide small businesses with increased visibility and control over their insurance policies at any time. The new online… Read More

Insurtech Finaeo Completes Oversubscribed $2.25 Million Seed Investment Round

Canadian-based CRM platform Finaeo announced last week it has completed its Seed Round, which oversubscribed and raised $2.25 million. The round was led by Impression Ventures with participation from 500 Startups, Robo Ventures, iGan Partners, and Toronto angel investors. Founded in 2016, Finaeo helps financial… Read More

F10 Fintech Incubator & Accelerator Now Accepting Applications

Switzerland’s startup accelerator, F10, has announced it is now accepting applications for its “P2” program. The latest round of applications commences today (September 11th), and is open to all startups in Fintech, Regtech, and Insurtech. 15 Places are said to be available for the first round… Read More

MassMutual Backed Haven Life Expands into California

Haven Life, MassMutual’s venture into a digital only experience for purchasing insurance coverage, is now available in all 50 states. Haven Life is now available in the state of California (which is almost a country unto itself). Haven Life called it a “watershed moment.” Haven… Read More

Brief: German Platform Friendsurance Seeks to Disrupt Australia P2P Insurtech

The Berlin Insurtech company Friendsurance has now expanded its business to Australia, launching the “Cashback Bike Insurance,” the platform’s first P2P insurance solution outside of Germany. “In Germany, we have well over 100,000 customers, but that’s only the beginning. Friendsurance was from the outset was envisioned… Read More

Plug and Play Japan Opens Applications for First Batch of Start-Ups

On Thursday, Plug and Play Japan announced it opened applications for its first batch of start-ups. The program is set to begin in November and the organization is seeking startups in three categories, Internet of Things (IoT), Fintech, and Insurtech.  Plug and Play Japan stated… Read More

Insurtech Startup Coya Secures $10 Million During Seed Funding Round Led By Peter Thiel’s Valar Ventures

German-based insurtech start-up Coya has reportedly secured $10 million during its latest seed funding round, which was led by Peter Thiel’s fund Valar Ventures with participation from e.ventures and La Famiglia. According to Business Insider, Coya was founded by two veterans of German lender Kreditech and former Vienna Insurance… Read More

Insurtech Bestow Receives $2.5 Million Seed Round for Life Insurance Platform

Bestow Inc., a platform providing a new approach to life insurance, has announced a $2.5 million seed round led by New Enterprise Associates (NEA), with participation from Core Innovation Capital, Morpheus Ventures, and 8VC. Bestow says this is their first institutional round, bringing its total… Read More

China: WeiyangX Fintech Review

CBRC Issues Official Information Disclosures Guidelines for P2P Lending Platforms On August 25th, the China Banking Regulatory Commission (CBRC) officially unveiled the final version of Guidelines on Online Lending Information Disclosure Requirement. The document was released based on a pilot tighter information disclosure initiative announced… Read More

Insurtech Fail? S&P Report Says Profitability is Elusive for Three Prominent Startups

S&P Global Market Intelligence is out with a report questioning three emerging Insurtech platforms. The report states that profitability is elusive for these startups. Mentioning specifically Lemonade, Metromile, and Root Insurance, S&P says that each reported overall net losses in the second quarter, as incurred losses… Read More

Throwing Down the Gauntlet: Insurtech ONE Says it Will Outgrow Lemonade from the Start

ONE, the German Insurtech company, has thrown down the gauntlet claiming they will outgrow US based Lemonade in service growth.  Lemonade is one of the highest profile Insurtech platforms that is doggedly rolling out across the US. Starting first with homeowners / renters insurance, Lemonade… Read More

Ready to be Disrupted: Europe’s First Digital Only Insurance Company “ONE” to Launch Next Month

ONE (part of the Wefox Group) wants to change the way the world uses and purchases insurance and apparently the company is going to launch in September.  Starting in Europe, ONE, the newest Insurtech startup, says it will reinvent insurance many different ways. The insurance… Read More

Lemonade Now Available in the Garden State as New Jersey Residents May Get Homeowner Insurance from Insurtech Firm

Insurtech company Lemonade is now available for residents of New Jersey. Homeowners and renters may purchase insurance in seconds at Lemonade.com, or through the Lemonade app. New Jersey is the fourth state in Lemonade’s nationwide roll out.  The Garden State joins New York, California, and… Read More

British Insurance Brokers’ Association Debuts Insurtech App to Help Speed Up Claim Process

On Tuesday, the British Insurance Brokers’ Association (BIBA) announced it has teamed up with Insure Apps to launch a new insurtech app, called Claims Made Easy, that may reduce the average claims reporting of 23 days by up to 90%. According to BIBA, the app significantly… Read More

Plug and Play Insurtech Achieves New Milestone: Signs 50th Partner

Global innovation platform Plug and Play announced last week it achieved its latest milestone by signing its 50th participant only a year after its launch. According to the platform, Arch Insurance Group Inc was named the 50th participant shortly after its 45th partner joined the program in May. Plug and… Read More

China: WeiyangX Fintech Review

CBRC Partners with 19 Banks to Establish Fintech Cloud Stack. By 2020, 60% of systems in China’s banking industry will be deployed in the cloud, most with the approval of the China Banking Regulatory Commission. According to the report, China Banking Regulatory Commission (CBRC) has… Read More