Insurtech

May 18, 2025 @ 6:27 pm By Omar Faridi  |  

Bestow has announced a $120 million Series D funding round, which was led by Goldman Sachs and Smith Point Capital. Bestow’s mission has been to increase “financial stability” for consumers. The company aims to make life insurance “more accessible to millions of families at a… Read More

May 18, 2025 @ 3:15 pm By Omar Faridi  |  

eToro, the trading and investing platform, announces a partnership with Generali, a key player in the French life insurance market, to offer its users in France a life insurance contract and a PER (Plan d’Épargne Retraite) to its users in France. The announcement follows the… Read More

May 14, 2025 @ 6:24 pm By Omar Faridi  |  

CyberCube, the global enabler of cyber risk analytics, is pleased to announce a new partnership with ALKEME, an insurance brokerage. ALKEME is leveraging CyberCube’s Broking Manager and Prep Module, which provide brokers with the data-driven insights “necessary to communicate and manage cyber risk with clients.”… Read More

May 9, 2025 @ 11:16 am By Omar Faridi  |  

The Insurtech sector is navigating a complex landscape in Q1 2025, marked by a rebound in global funding, shrinking deal sizes, and a stark contrast with the broader venture capital environment, according to CB Insights’ latest report. While total Insurtech funding climbed to $1.3 billion… Read More

May 7, 2025 @ 7:09 pm By Omar Faridi  |  

Akur8, the pricing and reserving Platform, is pleased to announce a collaboration with Post Telecommunication Joint Stock Insurance Corporation (PTI), a non-life insurer in Vietnam. PTI will leverage Akur8 Pricing platform to “strengthen its actuarial capabilities and deliver both fair and competitive insurance pricing in… Read More

May 2, 2025 @ 9:01 am By Omar Faridi  |  

Kin, the direct-to-consumer, digital home insurance provider, announced it surpassed $100 billion in total insured property value. This milestone reinforces Kin’s position as the “tech-forward” direct-to-consumer homeowners insurance provider and “reflects its accelerated growth trajectory.” Kin grew total insured value (TIV) from “$10 billion to… Read More

May 1, 2025 @ 11:02 am By Omar Faridi  |  

Experian announced the expansion of its Experian Marketplace portfolio with the addition of Root Insurance, a technology company powering insurance solutions. This partnership gives consumers another carrier option “for affordable and personalized car insurance with a streamlined shopping experience.” Consumers who choose Root Insurance will… Read More

April 30, 2025 @ 1:22 pm By Tony Zerucha  |  

Dream Payments has launched the DreamPay Insurance Payment Hub — a two-way insurance payment network operating across North America, leveraging J.P. Morgan Payments’ capabilities. Insurers can accept premiums from policyholders in both the U.S. and Canada, and issue claims payments to individuals and businesses of every size, using digital… Read More

April 29, 2025 @ 7:15 am By Omar Faridi  |  

CyberCube, a provider of cyber risk analytics for the insurance industry, has revealed a partnership with Galahad Risk Solutions, a specialist brokerage founded by industry veteran Ben Beeson. This collaboration marks a significant step in “helping small to medium-sized enterprises (SMEs) and middle market (MM)… Read More

April 26, 2025 @ 11:02 am By Omar Faridi  |  

Cowbell, a provider of cyber insurance for small and medium-sized enterprises (SMEs) and middle-market businesses, announced the UK launch of Prime One Tech; professional indemnity and cyber coverage for technology companies “with up to £1 billion in annual turnover, providing limits of up to £5… Read More

April 20, 2025 @ 7:11 pm By Tony Zerucha  |  

1Fort, an AI platform for business insurance, has raised $7.5 million in an oversubscribed funding round led by Bonfire Ventures. The round also included Draper Associates (Tim Draper); Karim Atiyeh, the founder of Ramp; and participation from all existing VCs: Village Global, Operator Partners, 8-Bit Capital, Character VC and Company Ventures. This latest round brings the 1Fort total funding to $10… Read More

April 19, 2025 @ 10:52 pm By Omar Faridi  |  

European fintech Pliant has reportedly acquired the Austrian Insurtech hi.health. The acquisition enables Pliant to apply its payment expertise to the insurance sector while “gaining industry-specific know-how.” This marks the company’s second acquisition “following the purchase of Friday Finance in 2023.” hi.health will continue to… Read More

April 16, 2025 @ 8:25 am By Omar Faridi  |  

UK fintech Marshmallow has raised $90 million in a Series C funding round led by Portage Ventures, nearly doubling its valuation to over $2 billion. The investment, a mix of equity and debt, saw participation from BlackRock and Columbia Lake Partners, building on an $85… Read More

April 14, 2025 @ 10:00 am By Tony Zerucha  |  

Occasionally, a Fintech comes along that is truly unique, and Waterlily is one such company. From the problem it tackles to how it tackles it, Waterlily has identified a new (and large) territory with little competition. It serves its clients in a logical, methodical way…. Read More

April 7, 2025 @ 11:59 pm By Omar Faridi  |  

Digital bank Monzo has made a strategic move into the home insurance market, launching a contents insurance product designed to capitalize on growing consumer demand for seamless, app-based financial services. This initiative marks Monzo as one of the first UK digital banks to offer such… Read More

March 28, 2025 @ 11:18 am By Omar Faridi  |  

Cowbell, a provider of cyber insurance for small and medium-sized enterprises (SMEs) and middle-market businesses, has expanded its Cowbell Connectors to over 30 integrations with security and cloud service providers. While many businesses focus solely on outside-in or partial internal data, Cowbell Connectors enhance “cyber… Read More

March 27, 2025 @ 6:27 am By Omar Faridi  |  

Akur8, the artificial intelligence (AI)-based pricing solution dedicated to insurers, announces today that the Covéa Group, an insurance provider in France, has chosen its platform to optimize its pricing processes. This collaboration will enable Covéa to accelerate its pricing cycles, enhance the “accuracy of its… Read More

March 27, 2025 @ 1:52 am By JD Alois  |  

The Spring Statement, delivered by the Chancellor of the Exchequer, Rachel Reeves, provided much policy to ponder. Buried within the documents were references to PISCES, or the Private Intermittent Securities and Capital Exchange System—a private securities marketplace. While still in the works, PISCES aims to provide a… Read More

March 26, 2025 @ 3:57 pm By Omar Faridi  |  

Kin Interinsurance Network, one of the reciprocal exchanges managed by Kin, the direct-to-consumer, digital home insurance provider, announced the successful closure of a $300 million catastrophe bond transaction through Hestia Re Ltd., “marking the reciprocal exchange’s third venture into the insurance-linked securities (ILS) market.” The… Read More

March 26, 2025 @ 9:32 am By Omar Faridi  |  

Lemonade (NYSE: LMND), the digital insurance company powered by AI and social impact, has passed $1 billion of In Force Premium (IFP). According to the announcement from Lemonade, this marks a significant milestone for the Insurtech company, coming just 8.5 years after selling its first… Read More