Insurtech

June 27, 2023 @ 6:18 pm By Omar Faridi  |  

Kin, the direct-to-consumer home insurance company built for every new normal®, earlier this month announced its expansion into Alabama. Building upon Kin’s success in Florida and other coastal states, where it insures nearly $45 billion in assets, Kin is continuing its mission “to deliver affordable… Read More

June 26, 2023 @ 6:06 pm By Omar Faridi  |  

wefox, which claims to be the world’s leading Insurtech, has made three new appointments to its Extended Executive Committee. Dr Ronny Fischer is appointed as SVP Strategy, Fabienne Doerig is appointed as SVP Operations and Dr Marc Olivier Morant joins the ExCo in his existing… Read More

June 25, 2023 @ 4:59 pm By Omar Faridi  |  

Hi Marley, creators of the only digital collaboration platform built for the P&C insurance industry, introduced Collaboration Hub, a suite of tools designed “to make communication and collaboration between policyholders, carriers and the rest of the insurance ecosystem frictionless.” The Collaboration Hub, “part of Hi… Read More

June 23, 2023 @ 9:37 am By Omar Faridi  |  

Lemonade (NYSE: LMND), the digital insurance company powered by AI and social impact, announced that its reinsurance program has been “renewed in good time and on good terms.” The Lemonade program is “led by the same tier-one carriers as the expiring and was oversubscribed on… Read More

June 22, 2023 @ 9:13 am By Omar Faridi  |  

International insurtech bolttech announced its partnership with one of Taiwan’s telecommunications providers, Taiwan Mobile, in order “to offer a range of personal insurance options for customers on the Taiwan Mobile app.” Powered by bolttech’s insurance exchange platform, “the first phase of the partnership will see… Read More

June 20, 2023 @ 10:34 am By JD Alois  |  

Back Market, BNP Paribas Cardif, and bolttech have announced a partnership for the refurbishing market. Back Market is a marketplace enabling the general public to buy thousands of electrical and electronic products that have been reconditioned. bolttech is an international Insurtech, and BNP Paribas Cardif… Read More

June 19, 2023 @ 12:03 pm By JD Alois  |  

Rnwl, an interesting UK-based Insurtech, is raising growth capital on Seedrs. The offering page indicates the Rnwl is offering a 1.79% equity stake at a pre-money valuation of £8.2 million. The company is EIS qualified, a Seedrs Nominee and approved for the Secondary Market. As… Read More

June 16, 2023 @ 7:22 am By Omar Faridi  |  

Guidewire (NYSE: GWRE) and One Inc, Guidewire’s strategic payments partner, announced that the new Built by Guidewire One Inc integrations are now available to ClaimCenter, PolicyCenter, and BillingCenter Cloud users in the Guidewire Marketplace. Built by Guidewire apps are standardized integration solutions, pre-built and managed… Read More

June 15, 2023 @ 4:26 pm By Omar Faridi  |  

Cover Whale Insurance Solutions, Inc., a commercial trucking insurance provider and rapidly growing Insurtech, announced it has surpassed the $500 million mark in all-time written premiums. This recent milestone reportedly “represents the company’s rapid growth since it wrote its first commercial trucking policy in March… Read More

June 12, 2023 @ 6:26 pm By Omar Faridi  |  

Snapsheet, which claims to be the “pioneer” of virtual appraisals and an emerging leader in cloud-based claims management software, announced that specialty property and casualty insurance carrier  IAT Insurance Group selected Snapsheet Claims software “to deliver the modern claims experience to its customers.” As noted… Read More

June 11, 2023 @ 11:34 pm By Omar Faridi  |  

Hi Marley, creators of the only insurance-focused collaboration platform powered by SMS, is proud to announce its partnership with Donegal Insurance Group. With its current partner shutting down on December 1, 2023, Donegal needed “an alternative SMS communication solution.” After a competitive evaluation process, Donegal… Read More

June 11, 2023 @ 6:35 pm By Omar Faridi  |  

NEXT Insurance, a digital insurtech transforming small business insurance, recently announced its expanded partnership with Gusto Embedded. The strengthened partnership “will exclusively offer NEXT’s pay-as-you-go workers’ compensation to the small business customers of Gusto Embedded partners through NEXT’s fully embedded insurance solution, NEXT Connect.” Users… Read More

June 9, 2023 @ 8:55 am By Omar Faridi  |  

Insify, the end-to-end digital insurance platform designed for Europe’s entrepreneurs and SMEs, announced that it has raised €15 million in Series A financing. Global venture firm Accel “led the investment round and was joined by Visionaries Club as well as existing investors Frontline Ventures and… Read More

June 7, 2023 @ 9:00 am By Omar Faridi  |  

  Meanwhile, the first and only life insurer entirely denominated in a cryptocurrency has announced ~$19 million in financing across two seed rounds, the first co-led by Sam Altman, CEO of OpenAI, and Lachy Groom, previous head of Stripe issuing, and with Gradient Ventures (Google)… Read More

June 4, 2023 @ 6:54 pm By Omar Faridi  |  

Socotra, the “next-generation” core platform provider for modern insurers, together with Ledgebrook, an InsurTech MGA focused on the excess and surplus (E&S) market,  announced the launch of Ledgebrook’s new platform, powered by Socotra Connected Core. The end-to-end platform empowers Ledgebrook “to redefine speed and service… Read More

June 4, 2023 @ 5:28 pm By Omar Faridi  |  

Cowbell, a provider of cyber insurance for small and medium-sized enterprises (SMEs), and Skyward Specialty Insurance Group Inc. (NASDAQ: SKWD) , a firm focused on the specialty property and casualty market, announced a partnership agreement that “expands Cowbell’s coverage and capacity of its Prime 250… Read More

June 1, 2023 @ 1:09 pm By Omar Faridi  |  

CAPE will develop property risk analytics leveraging structural attributes from Google geospatial data in order “to support innovation across the insurance industry and better protect homes and businesses” Protecting people, society, and the economy “means safeguarding homes, businesses, and other structures—especially from catastrophic weather events.”… Read More

May 28, 2023 @ 2:53 pm By Omar Faridi  |  

Everest Re Group, Ltd. (NYSE: RE), a global underwriting firm providing property, casualty, and specialty reinsurance and insurance solutions, announced that Ricardo Anzaldua has “been appointed Executive Vice President and Group General Counsel, effective June 12, 2023.” Mr. Anzaldua will “report to President and CEO… Read More

May 26, 2023 @ 8:23 am By Omar Faridi  |  

Cowbell, the provider of cyber insurance for small and medium-sized enterprises (SMEs), announced it is bolstering its underwriting capabilities with new additions to its UK and US teams. Claud Bilbao joins “as UK Director of Underwriting, reporting to Simon Hughes, General Manager for UK operations.”… Read More

May 25, 2023 @ 11:07 am By JD Alois  |  

Kin Insurance has completed its Florida reinsurance program for the following year. Kin is a direct-to-consumer digital insurer focused on the homeowner’s insurance market. Florida is struggling to regain its homeowner’s insurance footing following Hurricane Ian, which caused billions of dollars in losses. Reinsurance is… Read More