Insurtech

July 31, 2023 @ 4:44 pm By Omar Faridi  |  

Insurtech firm bolttech says it is pleased to share that the international insurance technology company has appointed Stuart Watson as its Director, Insurance Exchange, Asia. In his new role, Stuart will “lead business development for bolttech’s embedded insurance and marketplace propositions in the region, working… Read More

July 31, 2023 @ 8:49 am By Omar Faridi  |  

Cowbell, a provider of cyber insurance for small and medium-sized enterprises (SMEs),  announced that it has joined the Amazon Web Services (AWS) Cyber Insurance Partner Initiative. Participation in this initiative demonstrates that Cowbell “has deep expertise in serving SME customers with cyber insurance coverage tailored… Read More

July 27, 2023 @ 4:28 pm By Omar Faridi  |  

The Monetary Authority of Singapore (MAS) announced that insurance policy owners will soon have online options to nominate their beneficiaries. Amendments have been “made to the Insurance (Nomination of Beneficiaries) Regulations 2009, to enable insurers to provide these options from 2 January 2024.” The process… Read More

July 26, 2023 @ 8:46 pm By Omar Faridi  |  

Embroker, the digital platform making it radically simple to get business insurance, today announced strategic partnerships with Dashlane, a security-first password management provider, and Cowbell, a leading provider of cyber insurance for small and medium-sized enterprises (SMEs). With these, Embroker increases customer security through Dashlane’s… Read More

July 22, 2023 @ 7:26 pm By Omar Faridi  |  

⁠Tractable, which claims to be a leader in artificial intelligence (AI) using computer vision to assess the condition of cars and homes, announces a $65M Series E investment led by SoftBank Vision Fund 2. Existing investors in the investment round include Insight Partners and Georgian… Read More

July 22, 2023 @ 5:50 pm By Omar Faridi  |  

Snapsheet, which claims to be an industry leader specializing in claims management technology, today announced a strategic investment from State Farm Ventures. Through its innovative platform, Snapsheet streamlines and “expedites the claims process, providing insurers and policyholders with a seamless, user-friendly experience.” Snapsheet offers “a… Read More

July 20, 2023 @ 11:09 am By JD Alois  |  

Rnwl, an Insurtech that claims to be building the insurance platform of the future, has closed its most recent funding round on Seedrs. Initially targeting a raise of £150,000, Rnwl closed at almost double that amount raising £295,754 from 394 individual investors. Rnwl raised equity… Read More

July 18, 2023 @ 4:07 pm By JD Alois  |  

Evertas has acquired Bitsure, according to a company statement. Evertas is a digital asset insurance provider. Bitsure provides insurance for crypto miners. Both companies clame to be the first of their kind in the Insurtech sector. Evertas reports that today, Bitsure policies insure about 6%… Read More

July 17, 2023 @ 4:46 pm By Omar Faridi  |  

Slide Insurance, the full-stack insurtech focused on providing affordable, effective homeowners coverage, announced it has finalized pricing for its latest catastrophe (cat) bond, closing the $100 million Purple Re Ltd. (Series 2023-2). This is the second cat bond sponsored by Slide this year, “following the… Read More

July 16, 2023 @ 12:39 pm By Omar Faridi  |  

ZestyAI, the provider of climate and property risk analytics solutions powered by artificial intelligence (AI), announced an agreement with Coterie Insurance, a partnership-focused Managing General Agent (MGA), leveraging data and technology to provide instant quoting and issuing of small business insurance policies. Coterie will use… Read More

July 16, 2023 @ 11:52 am By Omar Faridi  |  

Socotra, the modern core platform provider for innovative insurers, announced that Steadily, America’s landlord insurance solution, has adopted the Socotra Connected Core policy administration system. The collaboration has allowed Steadily to enhance its systems and deliver an exceptional user experience to its customers. One of… Read More

July 15, 2023 @ 6:53 pm By Omar Faridi  |  

Kin, the direct-to-consumer home insurance company built for every new normal, today announced its expansion into Arizona. The Grand Canyon State marks Kin’s first move “into the U.S. Southwest, and it builds upon Kin’s growth and success in coastal, catastrophe-prone states like Florida, Louisiana, South… Read More

July 15, 2023 @ 10:43 am By Omar Faridi  |  

NEXT Insurance, a digital Insurtech transforming small business insurance, announced its integration with Ivans Download for General Liability and Workers’ Compensation policies. This feature reportedly “offers a seamless exchange of policy data between NEXT and its appointed agents, furthering the company’s commitment to facilitating an… Read More

July 11, 2023 @ 9:12 pm By Omar Faridi  |  

AXA Hong Kong and Macau (AXA) announced its collaboration with CoverGo, the global no-code insurance SaaS core platform for health, life, and P&C, “to improve AXA’s general insurance ecosystem in Hong Kong.” With the advanced technology supported by CoverGo, AXA will “use the insurtech’s platform… Read More

July 9, 2023 @ 7:17 am By Omar Faridi  |  

Qover, an insurtech specialising in embedded insurance orchestration, has successfully closed a $30 million Series C up-round funding. The investment will fuel “the company’s growth trajectory, empower it to continue orchestrating innovative solutions, launch even more successful partnerships and propel it closer to achieving profitability… Read More

July 8, 2023 @ 9:02 am By Omar Faridi  |  

Singlife recently signed a Memorandum of Understanding with Microsoft (NASDAQ: MSFT) to support high-growth insurance startups to adopt generative artificial intelligence (AI). Singlife is the first financial services partner “to collaborate with Microsoft for the Startups Programme in ASEAN for budding insurtech startups to scale… Read More

July 6, 2023 @ 4:44 pm By Omar Faridi  |  

wefox, which claims to be one of the world’s leading insurtechs, and GATE (Green & Advanced Transport Ecosystem), have formed a new partnership that uses digital solutions and a pay-per-use formula for the long-term rental of electric commercial vehicles, founded by Iveco Group. The multi-year… Read More

July 3, 2023 @ 3:11 pm By Omar Faridi  |  

From 3rd July 2023, Monzo Premium’s worldwide family travel insurance will be provided by Zurich, powered by Qover. Most of the things covered by the insurance will “stay the same.” As will the excess amount and the price of Monzo Premium, the team at Monzo… Read More

July 1, 2023 @ 6:13 am By Omar Faridi  |  

Lemonade (NYSE: LMND), the digital insurance company powered by AI and social impact, announced it has partnered with General Catalyst (GC), a venture firm and an early investor in Lemonade, in order “to create Synthetic Agents, a novel financial structure that unlocks growth without depleting… Read More

June 30, 2023 @ 7:54 am By Omar Faridi  |  

Qover, the Insurtech that is transforming the insurance industry with its orchestration technology, has announced a second partnership with Revolut, the global financial super app with more than 30 million retail customers worldwide, “to provide embedded insurance for its new trip and event cancellation cover.”… Read More