Insurtech

MetLife Korea Announces Seven Finalists For Insurtech Innovation Challenge “collab 5.0”

MetLife Korea announced on Wednesday the seven finalists selected for its open innovation program, collab 5.0. The program is looking for insurtech companies globally to scale their business with MetLife while solving some of the insurer’s biggest innovation challenges across its Korean business. According to… Read More

CoverWallet Teams Up With Zurich insurance Group to Launch Online Platform for SME Insurance in Switzerland

Zurich Insurance Group (VTX:ZURN), one of the largest global insurance companies, and CoverWallet, the tech company that is the easiest way to understand, buy, and manage business insurance online, announced earlier this week they have teamed up to launch an online platform for SME insurance in… Read More

U.S. Insurtech Lively Expansion Health Savings Account Accessibility With New Mobile App

Lively, a U.S.-based insurtech, announced on Thursday the launch of its new iOS mobile app, which offers more accessibility to customers’ health saving accounts (HSAs). Founded in 2016, Lively describes itself as a “modern” HSA platform for employers and individuals. The company explained that its… Read More

Insurtech Lemonade Raises $300 Million in Round Led by SoftBank

Insurtech Lemonade has raised more money. The company revealed today that it has raised $300 million in a round led by SoftBank. The round included the participation of several well-known investors including leading crowdfunding platform OurCrowd, a company that has long held Lemonade in its… Read More

Overfunding: Insurtech Startup Wrisk Secures 750,000 Funding Target Through Latest Seedrs Round

UK-based insurtech Wrisk has successfully secured £750,000 through its third equity crowdfunding campaign on Seedrs. The funding round was launched less than a year after the startup raised £1 million through its second Seedrs initiative. Wrisk is aiming to shake up the antiquated insurance industry… Read More

Plug and Play Announces 2019 Summer Batches

 Plug and Play announced today the 150 startups participating in their Summer 2019 accelerator batches. Entrepreneurs from each startup will take part in one of the following programs, which are Enterprise 2.0, Health, Insurtech, Internet of Things, Mobility, Real Estate & Construction, and Travel &… Read More

Cyber Risk Insurtech Sayata Labs Raises $6.5 Million Through Seed Funding Round Led By Elron

Sayata Labs, an Israel startup that is developing an AI software-as-a-service (SaaS) solution that empowers insurance brokers to assess businesses’ cyber risk, announced last week it secured $6.5  million through its latest seed funding round, which was led by Elron.  The company claims it offers “best-in-class” cyber… Read More

Insurtech Startup Wrisk Returns to Seedrs; Now Seeking £750,000

Less than a year after raising £1 million through its second Seedrs campaign, insurtech startup Wrisk has returned to the equity crowdfunding platform, now seeking an additional £750,000.  As previously reported, the insurtech is seeking to shake up the antiquated insurance industry with their smartphone… Read More

Canadian Insurtech Finaeo Secures $5.35 Million Through Latest Investment Round Led By Luge Capital

Finaeo, a Canada-based insurtech startup focused on the life insurance marketplace, announced this week it secured $5.35 million through its latest investment round, which was led by Luge Capital. Founded in 2016, Finaeo’s vision is to become the digital fabric that connects and powers the… Read More

European Payment Processor Borgun Announces Partnership With Fintech & Insurtech Novae

Borgun, a European payment processor and merchant acquirer, announced earlier this week it has signed an agreement with the fintech and insurtech company novae to support its digital transformation. Borgun reported that it and novae are aiming to co-create solutions in a digital capability framework… Read More

Philippine Insurtech Saphron Raises S$1.4 Million Through Seed Funding Round Led By Sage & Talino Labs

Saphron, an insurtech based in the Philippines, has reportedly secured S$1.4 million through its seed funding round, which was led by Sage and Talino Labs. Saphron revealed it was built out of its “bold ambition” to make insurance radically accessible through powerful and seamless technology…. Read More

Commercial Property Insurer FM Global Joins Plug and Play

FM Global, a commercial property insurer whose clients include more than one-third of Fortune 1000 companies, announced on Wednesday it has formed a partnership with Plug and Play, a global innovation platform. According to GM Global, startups accepted into Plug and Play’s platform will have… Read More

Insurtech BriteCo Raises $2 Million Seed Round, Targets Fine Jewelry Market

Insurtech BriteCo has announced a $2 million seed round led by Brian Spaly, the founder of Trunk Club, and Jeff Taylor, the former chairman and CEO at Cole Taylor Bank. BriteCo is targeting the fine jewelry and watch market to provide insurance within minutes of… Read More

Insurtech Startup Zesty.ai Forms New Partnership With Aon to Improve Underwriting With Property Data Solution Powered By AI

Insurtech startup Zesty.ai has recently formed a new partnership with Aon plc (NYSE:AON), a global professional services firm providing a broad range of risk, retirement and health solutions, to enhance insurers’ underwriting through access to more than 130 billion data points on buildings and their… Read More

U.S. Insurtech Corvus Launches Smart Cyber Excess Insurance Policy with $10 Million Limit

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Corvus, a U.S.-based insurtech startup, announced last week the launch of its Smart Cyber Insurance product lines. Founded in 2017, Corvus Insurance is an AI-driven InsurTech company offering Smart Commercial Insurance policies and innovative technology that utilizes new forms of data to predict and prevent… Read More

Insurtech: Assurely Partners with AXA to Provide Insurance on STO Investments, Investment Crowdfunding

Insurtech Assurely has partnered with AXA XL, a division of AXA, on a new insurance product for issuers and investors pertaining to online capital formation. The new product seeks to safeguard investments in security token offerings (STOs) and traditional investment crowdfunding offerings. Assurely reports that… Read More

German Insurtech Platform wefox Group Secures $125 Million Through Series B Investment Round

wefox Group, a Germany-based insurtech firm, has successfully secured $125 million through its Series B funding round. China-based fintech CreditEase reported that its direct investment arm, CreditEase Fintech Investment Fund (CEFIF) participated in the round, with Goldman Sachs International acting as a private placement adviser… Read More

Fintech & Insurtech novae Launches All-Digital Platform Onboard

Novae, a U.S.-based fintech and insurtech firm, announced on Wednesday it has launched Onboard, which is described as an all-digital platform that allows bank cardholders to access all their card-related benefits by simply downloading the app and entering the first six digits of their cards…. Read More

Insurtech Pie Insurance Secures $45 Million Through Series B Funding Round

Less than six months after raising $4.3 million through its seed round led by Sirius Group, Moxley holdings and Elefund, insurtech startup Pie Insurance announced it has secured $45 million through its Series B funding round. The round attracted Moxley Holdings and Elefund, along with… Read More

Canadian Insurtech Breathe Life Secures C$4.5 Million Through Latest Seed Funding Round Led By Diagram Ventures

Breathe Life, a Canada-based insurtech startup, has recently secured C$4.5 million through its latest seed funding round, which was led by Diagram Ventures with participation from Real Ventures. Founded in 2017, Breathe Life reports that its platform delivers a “modern customer-centric experience” with tools and… Read More

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