Insurtech

Insurtech Bestow Receives $15 Million Series A Funding

Insurtech Bestow Inc. has announced a $15 million Series A funding round led by Valar Ventures, with participation from existing investors New Enterprise Associates (NEA), Core Innovation Capital, 8VC, and Morpheus Ventures. Valar was founded by James Fitzgerald, Andrew McCormack and Peter Thiel. Bestow says total… Read More

In the Money! Jirnexu Nabs US$11M to Spend Toward Growth

Jirnexu is in the money, as the old song goes. The Kuala Lumpur-based financial services provider has nabbed US$11 million in a Series B finding round led by SBI Group and new investor SIG Asia Investments, according to Tech in Asia. The new funding will be… Read More

Insurtech Lemonade Posts “Open Source Insurance Policy,” Seeks Feedback on Github

Lemonade, an emerging Insurtech firm that is attempting to address the pain points of traditional insurance by applying technology and user friendly practices, has published an “Open Source” insurance policy – most certainly a world’s first. The Policy is posted on Github and is open… Read More

Hellas Direct Teams Up With Swiss Re and Revolut to Enter the Cyprus Home-Insurance Sector

Hellas Direct, a Greece-based insurtech platform, announced on Tuesday it has teamed up with Swiss Re and Revolut to enter the Cyprus home-insurance sector. The company announced its partnership with Revolut last week to “shakeup” the insurance company in both Greece and Cyprus.  The partnership with Swiss Re… Read More

MetLife Announces Eight Finalists For Open Innovation Program collab 3.0 EMEA

MetLife announced on Thursday it has selected eight finalists for its open innovation program, collab 3.0 EMEA. The program was announced in March and invited entrepreneurs and insurtechs to scale their business through the platform while solving some of the insurer’s biggest innovation challenges across its business in… Read More

German Insurtech Simplesurance Secures $24 Million During Series C Funding Round

German insurtech Simplesurance has secured $24 million during its Series C funding round, which was reportedly led by Allianz X, who also further invested in the company, with participation from Rakuten Capital.  Founded in 2012, Simplesurance stated it has created a platform that offers transparent and efficient… Read More

Hellas Direct Forms New Partnership With Revolut

Hellas Direct, a Greece-based insurtech platform, announced last week it has teamed up with Revolut to “shake up” the insurance industry in Greece and Cyprus. According to Hellas, the new partnership is aiming to improve customer experience and further drive transparency. The announced of Revolute partnership… Read More

CoverWallet Announces Insurtech Platform Expansion to Hanover Insurance Group Agents

Small business insurance startup CoverWallet announced this week it has expanded its insurtech B2B platform for carriers and agents to the Hanover Insurance Group, which is notably the first carrier to use the platform’s technology. According to CoverWallet, the CoverWallet B2B platform provides real-time quoting, underwriting,… Read More

Insurtech LeaseLock Secures $10 Million During Series A Funding Round Led By Wildcat Venture Partners

LeaseLock, a new insurtech startup for the rental housing market, announced on Monday it secured $10 million through its Series A round of financing, which was led by Wildcat Venture Partners with participation from Liberty Mutual Strategic Ventures, American Family Ventures, and Moderne Ventures. The… Read More

China: WeiyangX Fintech Review

Financial Inclusion Platform FINUP Plans Public Listing in Hong Kong On April 23, China’s leading financial inclusion platform FINUP filed a listing application for the Hong Kong Exchanges and Clearing Limited (HKEX). According to statistics, FINUP will be the fifth Fintech company from mainland China… Read More

Plug and Play & BNP Paribas Announces 11 Fintech & Insurtech Startups Join Season 3 of Acceleration Program

BNP Paribas, along with Plug and Play, announced on Friday that 11 fintech and insurtech startups have joined Season 3 of their collaborated acceleration program. BNP Paribas reported that it began its partnership with Plug and Play in 2016 and has since launched an international program… Read More

Hartford InsurTech Hub’s Accelerator Hosts First Demo Day

The InsurTech Accelerator, part of Hartford InsurTech Hub powered by Startupbootcamp InsurTech, recently hosted its first Demo Day at The Bushnell Theatre, in Hartford, Connecticut. According to organizers, out of the ten startups graduating from the cohort, five startups have already secured pilots with leading insurance companies… Read More

China: WeiyangX Fintech Review

Ant Financial and Bank of China Collaborate on Blockchain-based House Leasing Project in Xiong’an New Area On April 20th, Ant’s Xiong’an Digital Technology Co., Ltd. and the Xiong’an branch of Bank of China, signed a strategic cooperation agreement in Xiong’an New Area. In the future,… Read More

BBVA Announces New Categories For BBVA Open Talent Fintech Competition

BBVA announced earlier this week new categories for its upcoming BBVA Open Talent fintech competition. The company reports that this year’s competition is looking for “the best and brightest” ideas that will shape the future of financial services, with three prizes available. BBVA then revealed a… Read More

Hartford InsurTech Accelerator Demo Day Update: Sparking Innovation & Signing Pilot Programs

The InsurTech Accelerator, part of Hartford InsurTech Hub powered by Startupbootcamp InsurTech, hosted its first Demo Day in Hartford, Connecticut. Out of the 10 startups graduating from the cohort, 5 startups have already secured pilots with leading insurance companies within the core sponsoring partners: Cigna,… Read More

Standard Insurance Company Announces Strategic Partnership With Plug and Play Insurtech

Standard Insurance Company (The Standard), a provider of financial products and services, announced on Wednesday it has entered into a strategic partnership with Plug and Play Insurtech, a startup accelerator and open innovation platform. According to the duo, The Standard will act as an anchor partner on the Plug… Read More

Global Insurance Brand Marsh Announces Collaboration With IBM, ACORD, & ISN For Blockchain Technology

Global insurance company, Marsh, announced on Monday it has formed a partnership with IBM (NYSE: IBM), ACORD, and ISN launch a commercial blockchain solution for proof of insurance. The company reported that by using blockchain technology, it is looking to fundamentally transform the certificate of insurance process… Read More

HCI Group Insurtech Platform “TypTap” Surpasses $10 Million In Gross Written Premiums

HCI Group, Inc. (NYSE: HCI) announced on Thursday its that insurtech platform TypTap has surpassed $10 million in gross written premiums. According to HCI, TypTap provides residential flood insurance in Florida, features the company’s internally developed, online quoting and binding platform. The platform also provides a quote in seconds and… Read More

Update: Insurtech Midrive Hits £2 Million Through Crowdcube Campaign

Less than two weeks until its equity crowdfunding round comes to an end on Crowdcube, UK-based insurtech Midrive has successfully secured more than £2 million from over 575 investors. The company quickly secured its initial £1.8 million funding target. Founded in 2013, Midrive is an insurance company… Read More

Insurtech Startup Celo Now Seeking £100,000 Through Crowdcube Funding Round

Celo, an app-based insurance provider, is now seeking £100,000 through its equity crowdfunding campaign on Crowdcube. The insurtech company reported that it is planning to offer insurance cover for motor vehicles, travel, health, and gadgets. It noted that like how challenger banks Monzo and Starling Bank took… Read More