Insurtech

March 7, 2023 @ 6:47 am By Omar Faridi  |  

Cambridge Mobile Telematics (CMT), which claims to be the world’s largest telematics service provider, announced that it has acquired Amodo, a telematics company based in Europe. The acquisition brings together two telematics companies “with large and growing footprints in Europe, giving Amodo’s customers access to… Read More

March 6, 2023 @ 11:17 am By Omar Faridi  |  

Devron, which claims to be the leader in AI and machine learning for distributed and private data, announces a partnership with Cover Whale Insurance Solutions, Inc., a commercial trucking insurance provider and fast-growing insurtech. By using Devron’s federated data science platform, Cover Whale will “develop… Read More

March 6, 2023 @ 2:44 am By Omar Faridi  |  

Cowbell, the provider of cyber insurance for small and medium-sized enterprises (SMEs), announced Cowbell 365, an around-the-clock service that “offers policyholders comprehensive support for risk improvement and incident response.” Cowbell 365 “provides 24-hour availability every day of the week, 365 days of the year, bringing… Read More

March 1, 2023 @ 7:59 pm By Omar Faridi  |  

Socotra announced the launch of Socotra CorePlus, a line of complete insurance IT solutions composed of Socotra Connected Core, seamlessly integrated via Socotra App MarketPlace with software and data providers, including Mendix, Snapsheet, and Stripe. Socotra CorePlus is designed to decrease risk and costs, while… Read More

February 27, 2023 @ 5:17 pm By Omar Faridi  |  

Law firms face “a ton of challenges,” according to an update from Embroker. Lawyers are focused on “ensuring their clients get the best possible outcome for their cases, requiring their full attention and dedication to justice.” Unfortunately, that isn’t all that lawyers “have to deal… Read More

February 26, 2023 @ 11:39 pm By Omar Faridi  |  

wefox, which claims to be one the world’s leading Insurtechs, has received the Digital Trust Label by The Swiss Digital Initiative, a Geneva based independent foundation for advancing digital trust and transparency globally. This Label recognizes wefox’s commitment “to data protection and information transparency.” The… Read More

February 26, 2023 @ 4:34 pm By Omar Faridi  |  

Lemonade, Inc. (NYSE: LMND) has released its fourth quarter and full year 2022 financial results. Lemonade recently shared its Q4 2022 financial results in the Letter to Shareholders on the company’s official investor relations website. On Thursday, February 23, 2023, Lemonade reportedly hosted to discuss… Read More

February 25, 2023 @ 10:49 am By Omar Faridi  |  

Kin, the direct-to-consumer home insurance company built for every new normal®, announced select preliminary operating results “through the fourth quarter ended December 31, 2022.” Kin finished 2022 “with $227.5 million in gross written premium, which represents a 117% increase in year-over-year growth.” Adjusted loss ratio… Read More

February 24, 2023 @ 4:40 pm By Omar Faridi  |  

Altai Ventures, an early-stage venture capital firm, announced the closing of Altai Ventures Fund II, LP. The fund closed with $53 million in total commitments “surpassing its goal of $50 million.” Investors of Altai’s latest fund “consisted of leading financial and institutional Limited Partners (LPs),… Read More

February 22, 2023 @ 8:06 am By Omar Faridi  |  

Socotra announces a major drive into the European insurance markets, with an initial focus on the UK, DACH, France, and others, “following strong growth in 2022, including a 71% revenue increase, a 75% growth in customers, and a 117% YoY increase in policies managed on… Read More

February 14, 2023 @ 11:01 pm By Omar Faridi  |  

Driverly is pleased to announce it has received direct authorization from the Financial Conduct Authority (FCA) “to sell car insurance after a thorough review of its processes and governance structure.” This is believed “to be the first successful FCA application centred solely around a monthly,… Read More

February 13, 2023 @ 4:19 pm By Omar Faridi  |  

LegalZoom.com, Inc. (Nasdaq: LZ), the firm focused on online business formation and a key player in legal, compliance and tax solutions, and NEXT Insurance, a digital insurtech company transforming small business insurance, announced a partnership “to better help small business owners create and protect their… Read More

February 12, 2023 @ 6:49 pm By Omar Faridi  |  

Cowbell, the provider of cyber insurance for small and medium-sized enterprises (SMEs), announced a partnership with Millennial Shift Technologies, a custom branded e-trading platform suite. The partnership will deliver Cowbell’s cyber insurance programs, Cowbell Prime 100 and 250, on Millennial Shift’s e-trading broker platform, mFactor…. Read More

February 9, 2023 @ 4:16 pm By Omar Faridi  |  

ThetaRay, a provider of AI-powered transaction monitoring technology, and Piie, Inc., an insurtech providing an intelligent payment engine, announced a collaboration in order “to implement an advanced AML solution for insurance claim payments.” Through the agreement, Piie (Payments Intelligent Integration Engine) will “integrate ThetaRay’s AI-driven… Read More

February 4, 2023 @ 10:10 am By Omar Faridi  |  

Pie Insurance, a tech-enabled provider of workers’ compensation insurance to small businesses, announced that Pie Insurance Group has “secured a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of ‘a-‘ (Excellent)” from AM Best, a global credit rating agency and data… Read More

January 31, 2023 @ 10:21 pm By Omar Faridi  |  

Cowbell, the provider of cyber insurance for small and medium-sized enterprises (SMEs), announced the launch of Cowbell Academy, a unique institution that “offers insurance agents and brokers lessons on cyber insurance.” The program “includes general classes such as Cyber Insurance 101, assessments to help brokers… Read More

January 31, 2023 @ 8:54 am By JD Alois  |  

Guardz, a cybersecurity and insurance platform for small businesses, has emerged from stealth, announcing a $10 million Seed round. According to a note from Guardz, the round was led by Hanaco Ventures with the notable participation of online investment platform iAngels. Other investors include GKFF… Read More

January 30, 2023 @ 10:40 pm By Omar Faridi  |  

Eazy Digital, a Thai insurtech startup that provides digital platforms for insurance companies, has raised US$850,000 in an oversubscribed seed funding round. The investment round was “led by Wavemaker Partners, with participation from Seedstars International Ventures, Wing Vasiksiri, and Sasin Bangkok Venture Club.” Eazy Digital… Read More

January 22, 2023 @ 11:29 pm By Omar Faridi  |  

wefox, which claims to be one of the world’s leading Insurtechs, has appointed Rene Besenbäck as Head of Sales in Austria, with immediate effect. Rene Besenbäck will be “responsible for delivering sales for wefox Austria and working closely with the Head of Country, Rainer Vogelmann,… Read More

January 20, 2023 @ 3:33 pm By Omar Faridi  |  

Kin, the direct-to-consumer home insurance company built for “every new normal,” announced its expansion into South Carolina. Kin is entering the Palmetto State “to offer a seamless way for homeowners and landlords to protect their most valuable assets, despite being exposed to several risks.” South… Read More