Insurtech

January 27, 2024 @ 4:45 pm By Omar Faridi  |  

Better Home & Finance Holding Company (NASDAQ:BETR), the  digital homeownership company and the first fintech lender to achieve $100B in funded loans,  announced the launch of Better Insurance, the white labeled solution that allows customers to purchase homeowners insurance through “a fully online experience.” Better… Read More

January 24, 2024 @ 6:27 pm By Omar Faridi  |  

Ansel, an insurtech on a mission to build a world where health hardships don’t create financial burdens, announced that it has raised a $20M round of funding “led by Portage, with participation from Two Sigma Ventures, Brewer Lane Ventures, SixThirty Ventures, Plug and Play Ventures,… Read More

January 24, 2024 @ 12:25 pm By Omar Faridi  |  

Akur8, the insurance pricing solution powered by transparent machine learning, is pleased to announce that MAPFRE, the 9th largest insurance company in Europe and the 17th largest insurer globally according to S&P Global Ratings, has reportedly “selected Akur8’s RISK and RATE modules.” This choice will… Read More

January 23, 2024 @ 7:11 am By Omar Faridi  |  

Qover, an insurtech driven by a vision of creating a global safety net through insurance – announces the launch of its innovative motor insurance solution in the United Kingdom, which enables car manufacturers to “provide digital insurance programs across Europe.” In line with Qover‘s goal… Read More

January 21, 2024 @ 5:53 pm By Michael Wong  |  

Healspan, a Bengaluru-based Insurtech startup, has raised Rs 1.2 crore in a pre-seed funding round led by startup accelerator PedalStart. This latest capital infusion brings the company’s total funding to Rs 1.7 crore, positioning it for significant growth in India’s competitive insurance technology sector, according… Read More

January 20, 2024 @ 9:36 pm By Michael Wong  |  

Bharatsure, an emerging Insurtech startup based in India, has reportedly raised $1 million in a funding round anchored by early-stage venture capital fund Capital-A. The round also saw contributions from Grip Invest and a cohort of existing investors, including Inflection Point Ventures, Dexter Ventures, HEM… Read More

January 19, 2024 @ 2:10 pm By Omar Faridi  |  

CoverForce, which claims to be the first independent API to deliver instant quotes and one-click binding from the insurance carriers, announced the addition of cyber insurance to its API toolkit. According to S&P Global, cyber is one of “the fastest-growing subsector of the insurance market… Read More

January 19, 2024 @ 8:34 am By Omar Faridi  |  

Getsafe, Europe’s neo-insurer based in Germany with over 550,000 customers, has acquired deineStudienfinanzierung, Germany’s digital platform for student loans. This acquisition is said to be a testament to Getsafe’s direct-to-consumer approach and the company’s focus on “guiding young people as they plan for their futures.”… Read More

January 16, 2024 @ 3:59 pm By Omar Faridi  |  

Akur8, the insurance pricing solution powered by transparent machine learning, is pleased to announce its new partnership with Quincy Mutual Group, one of the oldest and “respected” regional mutual insurance companies in the United States, “offering a wide range of insurance products to protect the… Read More

January 13, 2024 @ 4:30 pm By Omar Faridi  |  

Lemonade (NYSE: LMND), the digital insurance company powered by AI and social impact, today announced the extension and expansion of its financing relationship with General Catalyst (GC) – AKA ‘Synthetic Agents’ – whereby GC “finances up to 80% of Lemonade’s spending specifically related to customer… Read More

January 13, 2024 @ 4:26 pm By Omar Faridi  |  

hyperexponential, the global firm focused on pricing decision intelligence (PDI) software, announced completion of its $73m Series B funding round reportedly “led by global technology-focused investment firm Battery Ventures, with participation from leading Silicon Valley investor a16z, and existing Series A investor Highland Europe, which… Read More

January 10, 2024 @ 3:29 pm By Omar Faridi  |  

Cyber insurance provider Cowbell announced its cyber insurance solutions are extending their reach beyond small and medium-sized enterprises (SMEs), now catering for mid-market businesses with an annual turnover of up to £1 billion. Backed by A+ rated (re)insurers, US-based Cowbell officially “entered the UK market… Read More

January 9, 2024 @ 11:16 pm By Omar Faridi  |  

PolicyStreet, a regional insurtech company, secured approval from the Labuan Financial Services Authority (LFSA) to commence its Takaful and Retakaful operations. This accreditation positions PolicyStreet among “the select group of approved Takaful and Retakaful operators in Malaysia, granting the insurtech company the capability to reinsure… Read More

January 2, 2024 @ 12:17 pm By Omar Faridi  |  

NEXT Insurance’s CEO has shares his 2024 predictions with CI. In a detailed note, the firm has commented on key 2024 industry predictions, which are attributed to NEXT Insurance’s Guy Goldstein. Guy’s insights aim to reflect on the major developments and trends in the insurance… Read More

December 26, 2023 @ 10:59 am By Omar Faridi  |  

CoverForce, the “independent “API delivering instant quote and one-click bind from the leading insurance carriers, announced a partnership with agency management system, NowCerts. Through this partnership, NowCerts has “launched an instant commercial lines quote and bind platform enabled by leveraging CoverForce’s API infrastructure.” Cyrus Karai,… Read More

December 23, 2023 @ 3:36 am By Omar Faridi  |  

Traditional reinsurance companies will start offering meaningful cyber capacity in 2024 as cyber insurance is “one of the fastest growing lines of insurance to emerge in a generation,” according to the CEO of cyber risk analytics specialist, CyberCube. In a series of predictions from CyberCube… Read More

December 22, 2023 @ 4:11 am By Michael Wong  |  

Sumitomo Life Insurance Company (Sumitomo Life) has agreed to acquire all shares of Singapore digital insurer Singlife held by TPG, which currently owns about 35% of the insurtech firm. Furthering its investment, Sumitomo Life plans to extend offers to purchase shares from the remaining shareholders… Read More

December 19, 2023 @ 5:02 pm By Omar Faridi  |  

Lydia, a mobile banking application, has partnered with insurtech Qover to introduce a seamless travel insurance experience. This offering is exclusively available “to Lydia’s premium cardholders, known as Black+ users, in Belgium, France, Portugal and Spain.” Qover’s embedded insurance orchestration platform is at the heart… Read More

December 18, 2023 @ 11:31 pm By Omar Faridi  |  

CyberCube, the insurance industry’s cyber analytics company, has launched Version 5.0 (v5) of Account Manager, the software-as-a-service (SaaS) solution designed explicitly for underwriters. Account Manager v5 reportedly “extends the capabilities of Portfolio Manager, CyberCube’s portfolio modeling product.” For clients that license both solutions, this gives… Read More

December 18, 2023 @ 3:46 pm By Omar Faridi  |  

The Green Insurer, a car insurance provider committed to reducing drivers’ impact on the environment, launched a new car insurance product “that rewards customers for driving responsibly.” The Green Insurer calculates “a driver’s carbon footprint by analysing driving data and fusing it with information about… Read More