Insurtech

Money Manager Betterment Teams Up With Insurtech Sure to Provide Cellphone Insurance to Betterment Checking Users

Online financial advisor Betterment announced on Thursday it has formed a partnership with insurtech company Sure to provide cell phone insurance to Betterment Checking users, offering coverage for phone damage or theft. The offering is notably available to any Betterment Checking user that pays their monthly cell bill… Read More

Over 60% of Insurtech Firms are Now Interested in Working with BigTech Companies: Report

Insurance technology (Insurtech) has been evolving rapidly since the past few years. The COVID-19 outbreak has forced the sector to take a serious look at how it communicates with other industry professionals. A new Insurtech report questions and looks into whether agents can work effectively… Read More

Online Insurance Marketplace Policygenius Announces Expansion With Accelerated Life Insurance From Lincoln Financial Group

Policygenius, a U.S.-based online insurance marketplace, announced earlier this week it offering Lincoln TermAccel, which is a new life insurance product from Lincoln Financial Group. Policygenius claims that Lincoln TermAccel provides customers with a new way to access life insurance conveniently and quickly. PolicyGenius also… Read More

SyndicateRoom Co-founder Crowdfunds on Seedrs for New Insurtech Startup Rnwl [u]

Insurtech Rnwl Crowdfunding for Growth Capital SyndicateRoom used to be one of the three top securities crowdfunding platforms in the UK. The Fintech has since morphed into an EIS fund that targets promising early-stage firms being backed by “super angels”. Co-founded by Gonçalo de Vasconcelos,… Read More

Thailand Insurtech Sunday Secures $9 Million Through Series B Bridge Round Led By SCB 10X

Sunday, a Thailand-based insurtech startup, has reportedly raised $9 million through its Series B bridge investment round. According to KrAsia, the investment round was led by SCB 10X, the venture capital arm of the Siam Commercial Bank PCL (SCB), with participation from Vertex Ventures Southeast… Read More

Online Insurance Marketplace Policygenius Announces Life Insurance Price Index Showing Monthly Pricing Data

  Policygenius, a U.S.-based online insurance marketplace, announced on Wednesday the launch of the Policygenius Life Insurance Price Index, which displays average monthly life insurance rates using current data from leading life insurance carriers. Policygenius revealed that the index launches in tandem with Life Insurance Awareness… Read More

President at Ping An Insurance Group of China Says Fintech for SMEs can Streamline Operations, but Need Support from Large Institutions

Chinese insurance giant Ping An recently pointed out that Fintech has the potential to enhance operational efficiency by reducing business costs and lowering certain risks in the financial services sector. Supporting SMEs is one way more established institutions can enable digital transformation across the financial… Read More

Hippo Insurance Announces Expansion to Delaware

  U.S. insurtech startup Hippo Insurance recently announced it launched in the state of Delaware. Founded in 2015, Hippo describes itself as a home insurance company that’s changing the way people safeguard their most important asset. “We’ve reimagined the traditional homeowners insurance policy, removed things that… Read More

German Insurtech Claimsforce Secures €7 Million in Series A Funding

Claimsforce, a Germany-based insurtech startup, reportedly secured €7 million through its Series A investment round, which was led by Notion Capital. According to Verdict, the round saw participation from Fly Ventures, Point Nine, and La Famiglia. Claimsforce explained it is on a mission to create… Read More

U.S. Insurtech Kin Insurance Secured $35 Million Through Series B Funding Round Led By Commerce Ventures

U.S. insurtech startup Kin Insurance announced on Thursday it secured $35 million through its Series B investment round, which was led by  Commerce Ventures with participation from Hudson Structured Capital Management Ltd. (doing its reinsurance business as HSCM Bermuda), Flourish Ventures, QED, Alpha Edison, Allegis… Read More

Online Insurance Marketplace Policygenius Launches Mobile App

Policygenius, a U.S.-based online insurance marketplace, announced on Tuesday the launch of its mobile app, which enables consumers to create wills and trusts conveniently on their phones. Consumers may also shop for life and home insurance from the app, creating a mobile one-stop-shop for key… Read More

Insurtech One Inc, Provider of Digital Payment Platforms for Insurance Sector, Acquires Invenger Technologies

One Inc, a provider of digital payment platforms for the insurance sector, recently revealed that it has acquired Invenger Technologies, Inc., which includes its online claims payment product, Invenger-InsurPay. Karen Furtado, partner at Strategy Meets Action, said that the acquisition of Invenger, including the digital… Read More

OneConnect Joins Forces With Swiss Re to Co-Develop Digital End-to-End solution for Motor Claims Handling for European Market

OneConnect Financial Technology Co. Ltd. (OneConnect), an associate company of China’s insurance giant Ping An Group, announced earlier this week it has joined forces with Swiss Reinsurance Company Ltd. (Swiss Re) to co-develop a digital end-to-end solution for motor claims handling for the European market, based… Read More

U.S. Insurtech Pie Insurance Launches Partner Portal

Just a couple of months after the closing of its latest investment round, which raised $127 million, insurtech startup Pie Insurance announced the launch of its new partner portal.  According to Pie, the portal uses proprietary technology that makes it easier for partner agents to… Read More

Next Insurance Announces Expansion of Product Offerings With Tools, Equipment, & Upgraded Commercial Auto Coverage

Next Insurance, an insurtech seeking to transform small business insurance, announced on Monday the availability of Tools and Equipment and Hired and  Non-Owned Auto (HNOA). According to Next, the product offerings are the latest developments in the company’s path to becoming the one-stop-shop for insurance coverage… Read More

U.S. Insurtech CoverWallet Launches Digital Insurance Package For Venture-Backed Startups

Digital insurance platform for businesses CoverWallet announced on Monday the launch of its new digital insurance product specifically for venture capital (VC) backed startups. According to CoverWallet, VC-backed startups may instantly buy and manage Directors & Officers insurance (D&O), Employment Practices Liability (EPL), and Fiduciary… Read More

UK Insurtech battleface Announces COVID-19 Travel Insurance Package

battleface, a UK-based insurtech, recently announced the launch of its COVID-19 travel insurance package. battleface reported that the new policy will give travelers the peace of mind they have been looking for to venture out safely, including to countries currently advised against traveling to by… Read More

Update: Health Insurance Platform Equipsme Is Set to Close Crowdcube Round With Nearly £600,000 Raised

Equipsme, a UK-based startup that is aiming to democratize health insurance by making it an affordable reality for businesses of all sizes, is set to close its equity crowdfunding campaign on Crowdcube with nearly £600,000 in funding from more than 440 Crowdcube investors. As previously… Read More

U.S. Insurtech Sidecar Health Secures $20 Million Through Latest Investment Round

U.S. insurtech Sidecar Health announced on Thursday it secured $20 million through its recent investment round, which was led by Cathay Innovation with participation from Comcast Ventures and Kauffman Fellows. The company has so far raised $40 million to date. Founded in 2018, Sidecar Health… Read More

InsurTech NY Opens Applications for October 2020 Cohort

Insurtech NY, an insurtech community that is located in the New York metro area, announced earlier this week it will be accepting applications for its growth-stage InsurTech accelerator program. The application window will be open from July 21st to August 17th. According to Insurtech NY,  the… Read More

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