Insurtech

May 6, 2023 @ 10:30 am By Omar Faridi  |  

Sutherland, a digital transformation technology and services company, has entered a partnership with Bold Penguin, a digital platform with integrated solutions that simplify commercial insurance. This partnership allows Sutherland and Bold Penguin “to drive digital transformation in customer acquisition, new business, and underwriting for the… Read More

May 4, 2023 @ 3:44 pm By Omar Faridi  |  

Novidea, creator of the born-in-the-cloud, data-driven platform optimizing the entire insurance policy and distribution lifecycle, announced that it has raised $50 Million in Series C funding. The investment round was “led by Battery Ventures with participation from Cross Creek, both new investors, and the company’s… Read More

May 4, 2023 @ 10:33 am By Omar Faridi  |  

Lemonade, Inc. (NYSE: LMND) has released its first quarter 2023 financial results. The Q1 2023 financial results were shared by Lemonade in the Letter to Shareholders and can be accessed via the company’s investor relations section. As covered, Lemonade reportedly “offers renters, homeowners, car, pet,… Read More

May 2, 2023 @ 8:13 am By Omar Faridi  |  

Iress recently announced that Reassured, the UK’s “largest” life insurance broker, has selected The Exchange platform in order “to power both its advised and non-advised protection business.” Iress was “chosen after a thorough selection process based on the potential for a long-term partnership and its… Read More

April 30, 2023 @ 5:28 pm By Omar Faridi  |  

Etherisc, the open-source, “decentralized” insurance protocol and ecosystem, has launched the first-of-its-kind USDC depeg protection cover to the public. As a peer-to-peer parametric product, customers “receive automatic payouts should the price of the USDC stablecoin fall below its $1 USD pegged value by 0.5% for… Read More

April 27, 2023 @ 4:30 pm By Omar Faridi  |  

NEXT Insurance, a digital insurtech company transforming small business insurance, today announced the launch and availability of the Certificate of Insurance (COI) Analyzer – an innovative, new offering “for small business owners to generate free, instant, custom-made COIs to show valid insurance coverage to potential… Read More

April 27, 2023 @ 3:33 pm By Omar Faridi  |  

Majesco, a global player focused on supporting cloud insurance platform software for insurance business transformation, announced a new digital payment offering for Majesco Claims for P&C customers. This new “out-of-the-box” integration with One Inc ClaimsPay reportedly “offers fast and secure digital claims payments through the… Read More

April 26, 2023 @ 12:02 pm By Omar Faridi  |  

Zinnia, a life and annuity insurance technology and digital services company, today announced it is acquiring Policygenius, a digital insurance marketplace. The acquisition “lays the foundation for the industry’s first front-to-back architecture to power the entire insurance value chain and better serve carriers, advisors, and… Read More

April 24, 2023 @ 8:30 am By Omar Faridi  |  

NEXT Insurance, a digital Insurtech transforming small business insurance, formally announced its strategic hire of Jack Ramsey in order “to lead the company’s agent channel.” Ramsey reportedly “brings over three decades of experience in the insurance industry, with a focus on helping agents who serve… Read More

April 23, 2023 @ 1:55 pm By Omar Faridi  |  

Tokio Marine Insurans (Malaysia) Berhad, an insurance company in Malaysia, has partnered with KirimMan, a one-stop logistic solution, and Finology, an Asia-Pacific fintech company that specialises in enabling embedded finance, “to offer affordable insurance products for gig economy workers, with a focus on delivery riders.”… Read More

April 21, 2023 @ 11:19 am By Omar Faridi  |  

Insurtech firm Qover is pleased to announce the appointment of its first Chief Customer Officer (CCO) Ed Ackerman. The CCO will be “responsible for developing and implementing customer-centric strategies that enhance the overall customer experience.” As a growth- and customer-focused professional, Ed Ackerman has “been… Read More

April 20, 2023 @ 8:05 am By Omar Faridi  |  

wefox, which claims to be one of the world’s leading Insurtech firms, has recently “appointed Nicholas Walker as Chief HR Officer, with immediate effect.” Julian Teicke, CEO and founder of wefox said: “With Nick joining us as Chief HR Officer we are not only adding… Read More

April 19, 2023 @ 6:54 pm By Omar Faridi  |  

Cowbell, the provider of cyber insurance for small and medium-sized enterprises (SMEs), launched MooGPT – a collection of new capabilities built using large language models and proprietary data. MooGPT uses reinforcement learning techniques “to deliver a real-time conversational experience to appointed agents and active policyholders… Read More

April 18, 2023 @ 7:42 am By Omar Faridi  |  

Capitola, the digital marketplace for commercial insurance that connects brokers and carriers and uses AI-based risk appetite matching to streamline the placement process, today announced it has raised $15.6 million in its Series A funding round. Led by Munich Re Ventures, this investment round will… Read More

April 16, 2023 @ 11:28 pm By Omar Faridi  |  

Cover Whale Insurance Solutions, Inc., a commercial trucking insurance provider and fast-growing insurtech, announces the next phase of its Driver Safety Program, the company’s signature loss prevention initiative, “proven to reduce the frequency and severity of claims and improve road safety for America’s truckers and… Read More

April 15, 2023 @ 8:04 pm By Omar Faridi  |  

Arch Insurance recently announced it has acquired Thimble, an insurtech platform for small business customers and agents. Thimble enables small businesses “to quickly get insurance coverage by the job, month or year using its award-winning app, website, or over the phone.” The acquisition “expands Arch’s… Read More

April 15, 2023 @ 4:17 pm By Omar Faridi  |  

StartupOS users will be able “to get quotes for coverages from Vouch without having to leave the StartupOS platform.” The team are pleased to announce their first embedded insurance API partnership with StartupOS. As noted in a blog post, StartupOS users will be able “to… Read More

April 11, 2023 @ 10:17 pm By Omar Faridi  |  

FWD Group Holdings Limited recently completed its majority investment, with other investors, in Gibraltar BSN Life Berhad, “marking its entry into the Malaysian life insurance market.” The transaction was originally “announced on 20 February 2023.” As a result, FWD Group can now “provide a full-service… Read More

April 11, 2023 @ 2:47 pm By Omar Faridi  |  

Kin, the direct-to-consumer home insurance company built for every new normal, has announced its expansion into Mississippi. Kin is now able to “provide Magnolia State residents with an easy, affordable, and personalized insurance experience.” Mississippi is “located in the heart of Dixie Alley, an area… Read More

April 5, 2023 @ 11:47 pm By Omar Faridi  |  

Cowbell, the provider of cyber insurance for small and medium-sized enterprises (SMEs), has launched its UK operations and appointed cyber insurance expert, Simon Hughes, as General Manager for Cowbell UK. Hughes joins Cowbell “with a unique blend of experience across the U.S. and the UK,… Read More