Insurtech

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

April 5, 2023 @ 12:26 pm By Omar Faridi  |  

Surer has released its latest feature that allows insurance intermediaries to build and launch their personal websites within minutes. Called the Personal Website Builder, insurance intermediaries “can showcase their professional profile, achievements and most importantly, the insurance products that they distribute.” Their clients can now… Read More

April 5, 2023 @ 12:17 pm By Omar Faridi  |  

Kin Insurance announced that the Kin Interinsurance Network, its reciprocal insurance carrier, successfully closed a $100 million private placement catastrophe bond transaction, bringing Hestia Re Ltd.’s total outstanding limit to $275 million. The new multi-year reinsurance arrangement with Hestia Re “provides the Kin Interinsurance Network… Read More

April 4, 2023 @ 11:52 am By Omar Faridi  |  

Lemonade (NYSE: LMND), the digital insurance company powered by AI and social impact, today announced the launch of Lemonade Car in Oregon, marking the fifth state where the full suite of Lemonade insurance products are available. As a state known for its environment-friendly ways and… Read More

April 3, 2023 @ 12:27 pm By Omar Faridi  |  

Covéa, the car insurer in France with 10.7 million vehicles insured by its French brands MAAF, MMA and GMF, announces the use of Tractable‘s artificial intelligence technology “to accelerate claims processing nationwide in France.” Covéa has been working with Tractable since 2016 “to simplify claims… Read More

March 31, 2023 @ 8:10 am By Omar Faridi  |  

bolttech, the international insurtech, and Tune Protect Group, the region’s digital lifestyle insurer, have announced a partnership “to launch a new generation of device protection solutions and support services in Malaysia.” Tune Protect Malaysia, the Malaysian General Insurance arm of the Group, is the exclusive… Read More

March 29, 2023 @ 8:49 pm By Omar Faridi  |  

Cowbell, the provider of cyber insurance for small and medium-sized enterprises (SMEs), has announced the opening of its new technology center in Pune, India. The center will “augment Cowbell’s existing development centers in Pleasanton, California; Plano, Texas; and Toronto, Canada, and extend the company’s global… Read More

March 28, 2023 @ 2:17 pm By Omar Faridi  |  

Mendix, a Siemens business and global leader in modern enterprise application development, announced that Socotra, a provider of end-to-end insurance IT solutions, is now a Mendix independent software vendor (ISV). The Mendix ISV Program is “available for partners across all industries to expand their businesses… Read More

March 27, 2023 @ 6:34 pm By Omar Faridi  |  

  It’s been a stressful few years to run a small business in America — and so far 2023 has been no exception. Inflation, supply chain snags and staffing shortages continue to test business owners, the team at Next Insurance writes in a blog post…. Read More