Insurtech

September 5, 2022 @ 2:24 pm By Omar Faridi  |  

Paper, which claims that it is focused on bringing the insurance industry into the 21st century, has secured 101% (£152,615.27) of its £152,000.00 target (at the time of writing) via Crowdcube from 102 investors and has 16 days left in its crowdfunding campaign. Located in… Read More

September 5, 2022 @ 8:39 am By Omar Faridi  |  

Amazon Web Services (AWS), an Amazon.com company, announced international insurtech bolttech has built a new customer support platform on AWS “to enhance services for more than eight million customers in 30 markets globally.” Singapore-based bolttech “connects insurers, distributors, and customers to make it easier to… Read More

September 4, 2022 @ 11:35 am By Omar Faridi  |  

Insurtech Fairmatic “destealths” a unique offering that pioneers an unconventional approach to fleet insurance — “focused on enabling savings for safer fleets and improving road safety for all.” Fairmatic is led by a team “including former Allstate President Jamie Trish, as its President of Insurance,… Read More

August 29, 2022 @ 10:59 am By JD Alois  |  

Crypto Insurance Firm Breach Offers Investment Opportunity to Republic Community Demand meet supply.  The frequency of crypto thefts and other malfeasance has become so mundane people tend to accept that some digital assets will just go bad. Hacks, ransomware etc., have led to billions of… Read More

August 29, 2022 @ 8:35 am By Omar Faridi  |  

Embedded finance Fintech Railsr, previously doing business as Railsbank, has entered a new partnership with specialist insurance intermediary Elmore. Via the collaboration, Elmore will aim to offer “specialist” Fintech insurance for Railsr’s client internationally, with products that offer protection against operational risks, and which also… Read More

August 22, 2022 @ 10:07 pm By Omar Faridi  |  

Pie Insurance, an Insurtech company specializing in workers’ comp insurance for small businesses, recently appointed two executives to its leadership team. Ekta Aggarwal joins the company “as chief product officer” and Erin Mesick joins “as vice president of finance.” Both Aggarwal and Mesick will “leverage… Read More

August 22, 2022 @ 9:12 pm By Omar Faridi  |  

Cowbell Cyber, a provider of cyber insurance for small and medium-sized enterprises, recently announced the addition of Julia Cederroth as senior director of reinsurance. This new position “empowers policyholders by helping to build cyber resiliency and close insurability gaps as part of Cowbell’s reinsurance solutions.”… Read More

August 22, 2022 @ 10:55 am By JD Alois  |  

Openly, an Insurtech that promises better home insurance, has launched its offerings in Utah as it expands across the US. Openly is on a mission to deliver “premium insurance made simple.” The company promises more complete coverage at competitive prices leveraging technology and data to… Read More

August 22, 2022 @ 9:22 am By Omar Faridi  |  

The Association of Insurance Compliance Professionals welcomes Stacy Koron, Ethos’ Head of Compliance, and Machael Heise, Insurance Product Manager, to their leadership team. At Ethos, they are “constantly looking for ways to raise the ‘status quo’ and lead the industry on what life insurance for… Read More

August 18, 2022 @ 3:38 pm By JD Alois  |  

While so much of Fintech boomed during the height of the COVID health crisis due to lockdowns, social distancing, and a rise in shopping online, Insurtech is one area of Fintech that fortunes sagged, at least according to GlobalData’s numbers. According to their research, in… Read More

August 16, 2022 @ 9:37 am By Omar Faridi  |  

Socotra, the modern core platform provider for innovative insurers, recently announced that twelve established insurance technology providers have joined Socotra App MarketPlace “to publish modern software apps connected to Socotra policy core, making the platform the fastest way for insurers to bring new products and… Read More

August 11, 2022 @ 3:52 pm By Omar Faridi  |  

Eagle Life Insurance Company, a provider of fixed and index annuities, has announced that it is teaming up with InvestCloud, a key player in digital transformation, “to offer access to product details about its fixed index annuities (FIAs) via the InvestCloud platform.” Via the InvestCloud… Read More

August 7, 2022 @ 11:46 pm By Omar Faridi  |  

Jarowa, a Swiss digital marketplace and transaction platform for insurance firms, property managers, and leasing businesses that helps manage their trusted service providers and digital orders, has finalized a Series A round. The firm’s investment round has been led by Eos Venture Partners, a venture… Read More

August 7, 2022 @ 6:22 pm By Omar Faridi  |  

One Inc, which claims to be the leading digital payments network for the insurance industry, announced Marc Liner has “joined the company as its first General Counsel.” Liner joins One Inc from Wells Fargo Bank, where he “supported treasury management services, payment systems, and commercial… Read More

August 7, 2022 @ 6:03 pm By Omar Faridi  |  

Socotra, which claims to be the modern Core platform provider for innovative insurers and insurtech MGAs, recently announced positive momentum for the first half of 2022 with 97% revenue growth, 63% team expansion, a new funding round, and an acquisition. Dan Woods, Founder and CEO… Read More

August 4, 2022 @ 5:00 am By JD Alois  |  

EIS has acquired Metromile’s Enterprise Business Solutions (EBS) from Lemonade (NYSE: LMND), according to a company statement. The terms of the deal were not immediately available. The all-cash transaction was completed following the close of Lemonade’s acquisition of Metromile last week. EIS is a digital… Read More

August 2, 2022 @ 1:45 pm By Omar Faridi  |  

Nairobi-based Insurtech firm Lami Technologies has finalized a $3.7 million seed extension in order to expand business operations across Africa. The firm’s management noted that the investment round was led by early-stage VC company Harlem Capital along with contributions from Newtown Partners; Peter Bruce-Clark, a… Read More

July 29, 2022 @ 8:55 am By Omar Faridi  |  

Insurtech Isle of Man and F10 are pleased to announce “a joint Acceleration Program for growth-stage Insurtech startups.” The Isle of Man is “a globally recognized insurance center, with insurance representing the biggest financial services sector on the Island, encompassing a wealth of knowledge and… Read More

July 26, 2022 @ 7:53 am By Omar Faridi  |  

Barcelona-headquartered community Fintech 11Onze has partnered with insurance firm Tuio, in order to provide a unique market proposal – 11Onze Segurs. It’s a technology-driven, agile, transparent, affordable home insurance service for members. The home insurance policy is around 15-20% cheaper when compared to the average… Read More

July 21, 2022 @ 11:58 pm By Omar Faridi  |  

Insurtech Gateway recently announced the first close of Seed Fund II. This fund will “enable them to support another 20 teams over the next 4 years from pre-seed to Series A.” The Gateway are “on a mission to close the funding gap in early stage… Read More