Insurtech

Indian Insurtech RenewBuy Secures $45M via Series C led by Apis Growth Fund II

Gururam-headquartered Insurtech firm RenewBuy has acquired $45 million in capital through a Series C round that was led by Apis Growth Fund II, a private equity fund that’s overseen by UK-based Apis Partners LLP, a fund manager that focuses on growth-stage Fintechs. Haitong Securities served… Read More

AI enhanced Insurtech Tractable Acquires $60M via Series D Round led by Insight Partners, Georgian

Tractable, the AI firm assisting insurers with accident and disaster recovery, recently revealed that it has acquired $60 million through a Series D round that was led by Insight Partners and Georgian. Tractable’s latest investment round has now doubled the total raised by the firm… Read More

Insurtech: Hellas Direct, a Tech-Driven Insurance Firm with Offices in Greece, Acquires €32M in Capital

Hellas Direct, a technology-driven insurance firm with business offices in Greece and Cyprus, reveals that it has acquired €32 million in capital as part of its latest funding round, bringing the total raised by the company to €56 million. Hellas Direct also welcomed the European… Read More

Southeast Asian Insurtech Igloo Reports Solid Growth in 2021, Claims 130 Million Policies Sold

Igloo, previously doing business as “Axinan”, is said to be the first full-stack Insurtech firm to emerge from Singapore. Currently, Igloo has offices in Singapore, Indonesia, Thailand, the Philippines, and Vietnam. Igloo has distributed a note claiming 3X growth in GWP [gross written premiums] in… Read More

Insurtech: Malaysia’s myTukar, a Car Purchasing, Selling Service Partners PolicyStreet.com to Offer Insurance for Pre-Owned Cars

Malaysia-based myTukar, a pre-owned car purchasing and selling platform, has teamed up with Insurtech company PolicyStreet.com in order to provide insurance policies for pre-owned automobile purchases. Through the partnership, myTukar’s wholesale and retail clients may get timely insurance quotations along with convenient access to most… Read More

Oliver Xie: Founder at DeFi Insurance Protocol InsurAce Explains how Platform Addresses Risks from Smart Contract Vulnerabilities

  We recently connected with Oliver Xie, the Founder at InsurAce, a DeFi insurance protocol, that is introducing multi-chain insurance services on its Ethereum dApp (app.insurace.io), in order to offer insurance coverage to protocols and blockchain platforms like Ethereum, Binance Smart Chain (BSC), Huobi Eco… Read More

U.S. Insurtech Platform Trellis Raises $10 Million Through Series A Funding Round Led By QED Investors

Trellis Technologies, Inc., a U.S.-based insurtech platform, announced on Thursday it secured $10 million through its Series A funding round, which was led by QED Investors with participation from NYCA Partners and General Catalyst. Founded in 2019, Trellis explained it provides secure, digital solutions that… Read More

Life Insurance Advice Platform Anorak Secures £5 Million Through Latest Investment Round Led By Outward VC

  Anorak, a UK-based life insurance advice platform, has reportedly secured £5 million through its latest investment round, which was led by Outward VC, with participation from Triple Point Ventures and Kamet Ventures Founded in 2017, Anorak describes itself as a technology company that is… Read More

Google Cloud enabled, AI enhanced Cantonese Chatbot to be Offered by Hong Kong Insurer YF Life

Hong Kong-based insurance firm YF Life has partnered with HKBN Enterprise Solutions (HKBNES) in order to offer a Google Cloud-enabled Cantonese voice chatbot. The chatbot will be supporting insurance services and is expected to be introduced in early 2022. The chatbot uses Google Cloud‘s AI… Read More

Berlin’s Insurtech Unicorn wefox Secures $650M in Capital via Series C, Reports $3B Post Money Valuation

Berlin-based wefox, a leading digital insurance firm, has acquired $650 million in capital as part of a Series C round. wefox now reports a post-money valuation of $3 billion. This latest investment round represents the largest Series C to date for an Insurtech (internationally), according… Read More

Australian Insurtech Expense Check Secures AU$4 Million Global Expansion; Rebrands to Kanopi

Expense Check, an Australian insurtech, announced on Monday it raised AU$4 million through its latest investment round, which was led by Holland Insurance Company. The company also revealed that it has rebranded to Kanopi as it prepares to expand its local presence and launch into… Read More

Israel-Based Insurtech Parametrix Raises $17.5 Million Through Latest Investment Round

    Parametrix Insurance, an Israel-based insurtech startup, recently announced it secured $17.5 million through its latest investment round, which included participation from FirstMark Capital and F2 Ventures. Founded in 2019, Parametrix Insurance explained it provides insurance policies covering third-party IT downtime events such as… Read More

Swiss Insurance Holding Firm Baloise Introduces Mobility Accelerator for Early-Stage Startups

Baloise, a Swiss insurance holding firm, has introduced its mobility accelerator with the goal of supporting innovative projects launched by early-stage startups under the new tagline [email protected] This latest initiative from Baloise (in Switzerland) has come as the company launches its information platform, which has… Read More

U.S. Insurtech Corvus Secures Additional $15 Million Through Series C Extension Round

  Just a couple of months after announcing it raised $100 million through its Series C investment round, U.S. insurtech Corvus announced it secured an additional $15 million through an extension of the round. As previously reported, Corvus Insurance is an AI-driven insurtech company that… Read More

U.S. Insurtech Mile Auto Scores $10.3 Million in Seed Funding to Expand Car Insurance Offering Throughout the Country

  Mile Auto, a U.S.-based insurtech startup, announced on Monday it raised $10.3 million through its seed funding round, which included participation from Ulu Ventures, Emergent Ventures, Thornton Capital, and Sure Ventures. Launched in 2019, Mile Auto describes itself as a next-generation insurtech company that uses computer version… Read More

Hong Kong’s Digital Life Insurance Firm Blue Introduces Campaign for Free Post-Vaccination Protection Until July 31, 2021

Digital life insurance provider Blue has introduced the #WeSupport initiative to offer its clients with free post-vaccination protection from April 8, 2021 to  July 31, 2021. As noted by Blue’s management: “Blue is Hong Kong’s first digital life insurer – in fact we are more… Read More

DeFi Insurance Protocol InsurAce Introduces Multi-Chain Coverage Services on its Ethereum dApp

InsurAce, a DeFi insurance protocol, is introducing multi-chain insurance services on its Ethereum dApp (app.insurace.io), in order to offer insurance coverage to protocols and blockchain platforms like Ethereum, Binance Smart Chain (BSC), Huobi Eco Chain (HECO), Solana, Polygon, and Fantom. As mentioned in the announcement,… Read More

B2B Insurtech Platform Boos Secures $20 Million Through Series B Financing Round led By RRE Ventures

  Boost Insurance, a U.S.-based B2B digital insurance platform, announced on Friday it raised $20 million through its Series B financing round, which was led by RRE Ventures with participation from Fin VC, Gaingels, Hack VC, Greycroft, Coatue, and Conversion Capital. The company raised $37 million since… Read More

U.S.-Based Consumer Insurance Solution Waffle Secures $5 Million Through Seed Funding Round Led By Verve Ventures

Waffle, a U.S.-based consumer insurance solution, announced on Wednesday it raised $5 million through its seed funding round, which was led by Verve Ventures, with participation from BetterLabs Ventures and Techstars. The investment follows Waffle’s official launch in iOS and web, giving availability across all… Read More

Lemonade Accused of Data Leak by Short Seller

In a letter addressed to Lemonade CEO and co-founder Daniel Schrieber, Muddy Waters, a firm who has shorted shares in Lemonade, accused the firm of an “egregious security vulnerability”. The allegation is there is a “security flaw that potentially exposes its customers’ personally identifiable information.”… Read More

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