Insurtech

November 8, 2022 @ 1:53 pm By Omar Faridi  |  

The cyber risk landscape is “rapidly evolving,” with cyberattacks increasing in severity and sophistication. Hackers now “use triple extortion techniques and ransomware-as-a-service has lowered entry barriers for cybercriminals.” In addition, increased digitalization of critical infrastructure has made it “more vulnerable to cyber threats – with… Read More

November 8, 2022 @ 11:56 am By JD Alois  |  

“Digital insurance agency” Glow has raised $22.5 million in Series A funding. The round was led by Cota Capital, with AV8 Ventures, Markd, Startup Venture Capital, Maiden Re, and more participating in the round. Glow is an Insurtech that aims to automate the insurance process… Read More

November 7, 2022 @ 11:47 pm By Omar Faridi  |  

International insurtech bolttech recetnly announced the expansion of its existing partnership with WINDTRE with the launch of “a new ‘Reload exChange’ trade-in program in Italy.” With this new product, WINDTRE customers can now “trade-in their used phones in-store and receive cash payments directly to their… Read More

November 7, 2022 @ 8:54 am By Omar Faridi  |  

Zurich Insurance Group (Zurich) has launched Zurich eXchange, a newly created global API marketplace that “brings together the best services from across the Zurich Group, enabling faster integration and more efficient collaboration throughout the company and with customers and partners.” The move “marks the next… Read More

November 1, 2022 @ 8:27 am By JD Alois  |  

Insurtech Cover Genius has raised $70 million in a Series D round led by Dawn Capital. New investors Atlas Merchant Capital joined with existing investors GSquared and King River Capital to fund the round. The round was said to be oversubscribed and came at a… Read More

October 30, 2022 @ 2:53 pm By Omar Faridi  |  

AXA XL Insurance has launched an Underwriting Innovation Office in the Americas to drive innovation “in support of business initiatives, appointing Rose Hall, currently Head of Construction Innovation, as Head of Innovation, Americas to lead activities.” According to AXA XL’s Americas CEO Joe Tocco: “Innovating… Read More

October 28, 2022 @ 3:28 pm By JD Alois  |  

Kin, an Insurtech that provides direct-to-consumer home insurance, has raised $145 million in debt capital, according to a statement from the firm. The funding was led by Runway Growth Capital and the Avenue Venture Opportunities Fund. Kin says the money will help it support the… Read More

October 26, 2022 @ 11:32 pm By Omar Faridi  |  

YuLife, the tech-driven financial services brand on a mission to inspire life, announced that it is launching in the United States. Founded in London in 2016, YuLife claims it “achieved rapid traction in the UK insurance market through its flagship product, group life insurance.” The… Read More

October 18, 2022 @ 6:45 pm By Omar Faridi  |  

bolttech, which claims to be one of the world’s “fastest-growing” international insurtech companies, announced Tokio Marine, alongside other shareholders, will “lead bolttech’s Series B funding round.” The investment round reportedly “values bolttech, Singapore’s only homegrown insurtech unicorn, at an up-round valuation of approximately US$1.5 billion,… Read More

October 18, 2022 @ 9:29 am By JD Alois  |  

Following the news that Apple (NASDAQ:AAPL) will soon start offering interest-bearing savings accounts, a report predicts that Apple will also offer health insurance in the coming years. A claim that makes some sense. Insurtech, or insurance technology, is a booming sector of financial services, and… Read More

October 17, 2022 @ 9:47 pm By Omar Faridi  |  

Regional Insurtech Igloo, in partnership with e-commerce giant Shopee, introduced Home Content Insurance in Vietnam, the “first” comprehensive protection solution “for indoor assets, against unexpected events such as natural disasters and fire in the platform.” The Home Content Insurance is “underwritten by Bao Viet Insurance,… Read More

October 17, 2022 @ 12:32 pm By JD Alois  |  

Assurely, a unique Insurtech company that provides services around securities crowdfunding offerings, has partnered with DealMaker to provide coverage via the platform. DealMaker has emerged as a top securities crowdfunding accelerator and broker-dealer powering online capital formation. According to a company statement, Assurely will be… Read More

October 7, 2022 @ 1:13 pm By Omar Faridi  |  

bolttech, the Singapore-based international insurtech, announced it has completed the acquisition of a majority shareholding in PT Axle Asia, “an established insurance broker in Indonesia.” Axle Asia will “become a subsidiary of bolttech and be subsequently rebranded.” The addition of Axle Asia will “accelerate the… Read More

October 2, 2022 @ 11:17 pm By Omar Faridi  |  

livi bank, Hong Kong’s lifestyle-driven virtual bank, is launching Travel Now, a simple and easy-to-apply travel insurance plan “to meet the needs of its Hong Kong customers as they decide to travel amid the relaxation of COVID-19 quarantine rules.” This is livi’s first general insurance… Read More

October 1, 2022 @ 9:46 pm By Omar Faridi  |  

One Inc, the payments network for the insurance industry, announced that Germania Insurance, the largest farm mutual insurance company in Texas, has selected One Inc’s ClaimsPay and PremiumPay products “for a fully integrated and digitized customer payment disbursement experience.” The implementation will “create a more… Read More

September 30, 2022 @ 4:57 pm By Omar Faridi  |  

CoverTree, an Insurtech MGA based in Michigan, partnered with Socotra, the core platform provider of choice for innovative insurers, “to launch easy and affordable insurance for owners, renters, and landlords of manufactured homes.” With Socotra, CoverTree can now “automate 92% of its applications with straight-through… Read More

September 22, 2022 @ 10:17 pm By Omar Faridi  |  

One Inc, the digital payments network for the insurance industry, announced that Wisconsin-based SECURA Insurance, has selected One Inc’s full suite of digital payment solutions PremiumPay® and ClaimsPay®, “for both inbound and outbound payments for one of its insurance products.” The result is seamless handling… Read More

September 20, 2022 @ 11:15 pm By Omar Faridi  |  

CoverTree, one of the first ever digital insurance solution for residents of manufactured homes, announced the launch of insurance coverage in Arizona, Indiana, Michigan, New Mexico, Ohio, Illinois, and Tennessee “after raising a total of $10 million in venture funding.” The $10 million seed round… Read More

September 19, 2022 @ 9:05 pm By Omar Faridi  |  

One Inc, the digital payments network for the insurance industry, announced that Florida-based property insurer Tower Hill Insurance Group has selected One Inc’s outbound payment solution, ClaimsPay, “to streamline and improve digital payments processing for its customers.” The implementation of ClaimsPay will “enhance the outbound… Read More

September 8, 2022 @ 7:42 am By Omar Faridi  |  

Kudo Insurance, which claims to be a “revolutionary” motor insurer founded by Peter Graham, insurance veteran and former CEO of esure, has raised 71% (£462,020) of its  £650,000 target from 130 investors (at the time of writing) with 27 days left in the firm’s crowdfunding campaign,… Read More