Insurtech

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

July 18, 2022 @ 11:37 pm By Omar Faridi  |  

Malaysia-based digital insurance firm VSure.life recently revealed that it’s expanding operations into the UK in order to make it more affordable for SMBs to access insurance. VSure will be working with local service provider McGill and Partners, a boutique re-insurance broker focused on developing bespoke,… Read More

July 18, 2022 @ 9:35 pm By Omar Faridi  |  

Distributed Ventures, an early-stage venture capital firm specializing in Insurtech, Healthtech and Fintech investments, recently announced that it has led a $6 million seed Series investment in Posterity Health, which claims to be the only digital male fertility center of excellence that “offers personalized advice,… Read More

July 16, 2022 @ 11:17 pm By Omar Faridi  |  

The Berlin-headquartered Insurtech firm ELEMENT has secured €21.4 million via a Series B round. The total funding secured by the firm now amounts to 88 million euros. ELEMENT is also reporting its “best” YTD results. The investment round has been led by the Versorgungswerk Zahnärztekammer… Read More

July 16, 2022 @ 12:06 pm By Omar Faridi  |  

Virgin Money, the high-street bank, is teaming up with Superscript, the Insurtech startup, in order to offer its business banking clients with customizable, flexible, subscription-based business insurance. Superscript will reportedly serve as the business insurance provider via Virgin Money’s online marketplace, where their business banking… Read More

July 15, 2022 @ 11:26 am By Omar Faridi  |  

Lemonade (NYSE:LMND), the digital insurance company powered by social impact, announced that its 2022 Giveback for the twelve months ended June 30, 2022, “amounting to $1,873,588, to be donated across 59 nonprofit organizations chosen by its customers.” The Lemonade Giveback is “part of the company’s… Read More

July 12, 2022 @ 9:14 pm By Omar Faridi  |  

Rey Assurance, which claims to be the first dedicated and integrated health, life and critical illness Insurtech company in Indonesia, recently announced $4.2 million in seed funding to advance its digital health products and tech platform. In addition to announcing the funding from the Trans-Pacific… Read More

July 12, 2022 @ 8:17 pm By Omar Faridi  |  

Ancileo, a Singapore-headquartered software as a service (SaaS) solution provider for the insurance sector, recently revealed that it acquired $3 million in seed funding from Fermion. As noted by Ancileo’s management, it will be able to gain access to around 230 banking institutions and 150… Read More

July 12, 2022 @ 11:35 am By JD Alois  |  

wefox, a Germany-based Insurtech, has raised $400 million in a Series D funding round that gave the firm a $4.5 billion “post money” valuation, according to a statement by the company. The funding was in both debt and equity. The company did not share the… Read More

July 11, 2022 @ 6:02 pm By JD Alois  |  

Insurtech Acrisure has gained the naming rights for the Pittsburgh Steelers stadium. According to a statement from Acrisure, the rights are held for 15 years. Details on the deal were not released. The stadium had been named Heinz Field since it opened in 2001. Founded… Read More

July 10, 2022 @ 11:47 am By JD Alois  |  

Superscript, a UK-based Insurtech has commenced operations in the Netherlands – its first country outside of its home country. According to a blog post, Superscript has been approved by Dutch regulators, the Authority for Financial Markets (AFM) and may now offer its services across Europe…. Read More

July 2, 2022 @ 3:18 pm By Omar Faridi  |  

Innoveo, a global tech firm and “pioneer” in no-code platform-as-a-service, announced that Oman Insurance company, one of the largest publicly listed insurers in the United Arab Emirates, has successfully gone live with its ZeroCode ‘KUDOS’ platform “leveraging Innoveo Skye, driving near-immediate efficiencies and enhancing the… Read More

June 28, 2022 @ 2:17 am By Omar Faridi  |  

Pie Insurance, an Insurtech company specializing in workers’ comp insurance for small businesses, recently announced small business owners in Alabama and Oregon have access to its workers’ comp insurance. The expansion “increases the company’s coverage footprint to 38 states and Washington D.C, representing 89% of… Read More

June 22, 2022 @ 9:35 am By JD Alois  |  

Insurtech Ledger Investing has raised $75 million in Series B funding in a round led by Westcap. Additional investors include Teachers’ Venture Growth and Intact Ventures, and previous investors: SignalFire, MassMutual Ventures, Allegis Capital, and Accel. Ledger Investing is a marketplace for investor and insurance… Read More

June 15, 2022 @ 10:11 am By Omar Faridi  |  

Wrisk, which is on a mission to transform the way insurance is sold, “working with leading automotive brands and insurers,” has raised 88% (£1,105,199) of its £1,250,003 target (with 29 days left in the sale) from 275 investors via Seedrs. Located in London, Wrisk operates… Read More

June 14, 2022 @ 3:22 pm By Omar Faridi  |  

Lemonade (NYSE:LMND), the digital insurance firm “powered by social impact,” recently announced the launch of Lemonade Car in Ohio. The Buckeye state “marks the third state to feature availability of Lemonade’s newest environment-friendly product.” With an increasing presence of electric vehicle infrastructure and growing startup… Read More