Chile-based Insurtech startup Betterfly extended its Series A funding round adding $9 million to a total of $17.5 million. In July, Betterfly announced it had raised $8.5 million. Once again, QED Investors led the round. A Public Benefit Corporation and certified B-Corp. that is 100%… Read More
Read more in: Global, Insurtech | Tagged betterfly, chile, qed investors
Lemonade (NYSE:LMND), a fast-growing Insurtech that emerged as one of the most successful initial public offerings (IPOs) of 2020, is seeing shares dip today in anticipation of the lockup expiration for early shareholders. Lemonade shares are trading down around 12% in an up-market day. According… Read More
Insurtech.Rocks, a management and digital consulting firm focused on Switzerland’s insurance sector, has published its Swiss Insurtech Map for 2020. It features 20 insurance technology startups. Here are the 20 Insurtechs to look out for as we head into 2021: Insurtech firm Anivo offers insurance… Read More
Read more in: Global, Insurtech | Tagged anivo, b3i, creadi, dextra, emmalife, esurance, europe, germany, i-surance, insurance technology, insurtech, iptiq, kasko2go AG, lings, one, paladino insurtech, safeside life ag, spearheads telematics, steonetep, switzerland, the knip app, toni digital, veezoo, wefox
WeBank Reduces Upper Limit of Microloan to ¥200,000 WeBank, the Tencent-backed digital bank, announced that it would reduce the upper limit of its microloan product (Weilidai) from ¥300,000 to ¥200,000 from December 26th. According to WeBank, the reduction was a response to the “Commercial Bank… Read More
Read more in: Asia, Featured Headlines, Fintech, Global, Insurtech | Tagged ant group, baoxianchacha, china, liu liehong, webank, weiyangx, xu gao
Hong Kong based ZA Tech, a technology venture launched by insurance firm ZhongAn Online and supported by the Softbank Vision Fund, has revealed that it teamed up with the holding company of digital wallet OVO. Through the partnership, both organizations will offer insurance providers in… Read More
Read more in: Asia, Insurtech | Tagged asean, asean region, bill song, indonesia, insurance technology, insurtech, jason thompson, ovo group, southeast asia, za tech
NextCar Holding Company Inc. (NXCR), a fintech and insurtech vehicle subscription platform, announced on Tuesday it has signed a letter of intent to form a partnership and receive a $400 million debt facility from Westlake Financial. NXCR reported that the $400 million debt facility… Read More
Read more in: Fintech, Insurtech | Tagged debt facility, fintech, insurtech, nextcar, partnership, westlake financial
battleface, a UK-based insurtech that specializes in travel insurance, recently announced it secured $12 million through its Series A funding round, which was led by Drive Capital. Founded in 2017, battleface offers travel insurance that covers emergency medical treatment, evacuation, and accidents. “Our core… Read More
Read more in: Insurtech | Tagged battleface, drive capital, insurance, insurtech, investment, series a, u.s., united states
Zego, a UK-based insurtech, recently announced it has received a European broking license as part of its plans to expand throughout Europe. The company revealed that the license, which was award but the Dutch regulator AFM, will enable it to work with EU-based insurance… Read More
Read more in: General News, Insurtech | Tagged broking, europe, insurtech, license, uk, united kingdom, zego
China Banking and Insurance Regulatory Commission Issues Regulations Towards Internet Insurance On December 14th, the China Banking and Insurance Regulatory Commission (CBIRC) issued the “Internet Insurance Business Regulatory Measures.” Key contents of the Measures include: clarifying the nature of Internet insurance business and applicable regulations… Read More
Read more in: Featured Headlines, Fintech, Global, Insurtech | Tagged china, leapstack, weiyangx, xu gao
Bestow, a U.S.-based insurtech that delivers algo powered life insurance underwriting, announced on Wednesday it raised $70 million through its Series C funding round from new and existing investors, including Breyer Capital, Valar Ventures, New Enterprise Associates, Core Innovation Ventures, Morpheus Ventures, and Sammons… Read More
Read more in: Insurtech | Tagged bestow, insurance, insurance technology, insurtech, investment, series c, u.s., united states
Switzerland-headquartered F10 Fintech Incubator and Accelerator has reportedly added several different insurance APIs from Baloise, a Swiss insurance holding firm. The APIs are now a part of the F10 Fintech Sandbox. This development aims to support Open Insurance services in the European country. Last year,… Read More
Read more in: Fintech, Global, Insurtech | Tagged apis, baloise, baloise group, europe, f10 fintech sandbox, financial services, fintech adoption, fintech sandbox, insurance apis, insurance technology, insurtech, philipp marty, switzerland
Simon Torrance, Advisor to Boards and Leadership teams on business model transformation, platform strategy, and digital ventures, claims that embedded insurance is a $3 trillion market opportunity, which may help “close the protection gap.” Torrance, a Senior Advisor at Rainmaking, explains that embedded insurance is… Read More
Read more in: Asia, Fintech, Global, Insurtech, Opinion, Strategy | Tagged ant group, business transformation, china, embedded finance, embedded insurance, fintech adoption, insurance technology, insurtech, mainland china, simon torrance
Next Insurance, an insurtech seeking to transform small business insurance, announced on Thursday it has acquired Juniper Labs, a provider of alternative open data and underwriting technology focused on small businesses. Next Insurance reported that it and Juniper Labs will continue to develop… Read More
Read more in: Insurtech | Tagged acquisition, insurance, insurtech, Juniper Labs, next insurance
At-Bay, a U.S.-based insurtech startup, announced on Tuesday it secured $34 million through its Series C funding round, which was led by Qumra Capital with participation from Microsoft’s venture fund M12. The company notably raised a total of $74 million in 2020 alone, having… Read More
Read more in: Insurtech | Tagged at-bay, insurance, insurtech, investment, qumra capital, series c, u.s., united states
Lemonade (NYSE:LMND), an Insurtech that offers various insurance products, is now live in France. According to the company, residents of France may now digitally access renters insurance as well as file claims and get paid immediately via the company’s app. Lemonade is licensed and supervised… Read More
Read more in: Global, Insurtech | Tagged daniel schreiber, france, lemonade
Luko, a France-based insurtech, announced on Monday it secured $60 million through its Series B investment round, which was led by EQT Ventures with participation Accel, Founders Fund, Speedinvest, and Orange Ventures. Launched in 2018, Luko claims it has reinvented home insurance with social responsibility… Read More
Read more in: Insurtech | Tagged france, insurance, insurance technology, insurtech, investment, luko, series b
Laka, a collective-based insurer of cyclists, is set to close its latest equity crowdfunding campaign on Seedrs with nearly £1.6 million raised. The funding round, which has attracted more than 1380 Seedrs investors, quickly surpassed its initial £1 million funding target. As previously reported, Laka has developed… Read More
Read more in: Insurtech, Offerings | Tagged insurance, insurtech, laka, seedrs, technology, uk, united kingdom
Nubank and Chubb announced on Tuesday the launch of a fully digital life insurance offering, Nubank Vida, in Brazil. According to the duo, Nubank Vida is underwritten by Chubb and was developed using the integration capabilities of Chubb Studio, the global digital product distribution platform… Read More
Read more in: Insurtech | Tagged brazil, chubb, digital life insurance, insurance, nubank, partnership
Suzhou Will Carry Out Digital RMB experiment on Dec. 12 Suzhou will become the second Chinese city after Shenzhen to carry out a digital RMB experiment, according to a source with knowledge of the matter. On December 12th, the crypto yuan for the experiment will… Read More
Read more in: Asia, Blockchain & Digital Assets, Fintech, Global, Insurtech | Tagged cbdc, central bank digital currency, china, ice kredit, pinduoduo, tencent, waterdrop, weiyangx, xu gao
Pier, a Brazil-based full-stack insurtech, announced earlier this week it secured $14.5 million through its Series A funding round, which was led by Monashees with participation from Canary, Mercado Livre, and BTG Pactual. Founded in 2018, Pier states it adopts artificial intelligence to bring a… Read More
Read more in: Insurtech | Tagged brazil, insurance, insurtech, investment round, latin america, monashees, pier, series a
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