Insurtech

January 31, 2022 @ 9:17 pm By Omar Faridi  |  

Axiata Digital’s Fintech division Boost is reportedly planning to expand its products and services while strengthening its regional presence. The firm announced these plans after a year of steady growth in revenues and product innovation. Boost reveals that its client base increased to more than… Read More

January 27, 2022 @ 9:00 am By JD Alois  |  

Ascend has raised a $30 million Series A round while simultaneously gaining a lending commitment of $250 million to finance insurance premium loans via its platform. The lending is being provided by Hudson Structured Capital Management Ltd. – doing its re/insurance business as HSCM Bermuda… Read More

January 25, 2022 @ 8:36 pm By Omar Faridi  |  

Sayata, the marketplace for insurance brokers and carriers to scale their business insurance portfolios, recently announced the addition of $35 million to the previous $17 million secured just five months ago, for a total A round valued at $52 million. The additional raise has reportedly… Read More

January 20, 2022 @ 12:46 am By Omar Faridi  |  

Embroker, which claims that it offers the easiest way to intelligently insure any business, notes that making sure your business is prepared and protected in any incident “should be top of mind.” Embroker writes in a blog post that a commercial crime policy “aims to protect… Read More

January 17, 2022 @ 7:24 pm By Omar Faridi  |  

Hippo (NYSE: HIPO), the home insurance group that formed a new standard of care and protection for homeowners, recently announced an expansion of the firm’s Commercial Lines homeowners association (HOA) insurance into new markets “following initial positive traction and engagement since its launch in August… Read More

January 13, 2022 @ 5:39 pm By Tony Zerucha  |  

NEXT Insurance today announced the appointment of Teodora Gouneva as CFO. She steps into the role previously held by Michelle Cheung, who will now serve as NEXT’s first chief corporate officer and will lead the company’s legal, people and operations functions. As CFO, Gouneva will… Read More

January 13, 2022 @ 8:00 am By Tony Zerucha  |  

Spott today announced the launch of a digital insurance platform designed exclusively for e-commerce sellers. As part of a broader suite of financial services, Spott’s insurance offering enables e-commerce businesses to protect their stores against claims and comply with up-to-date insurance requirements from leading marketplaces,… Read More

January 11, 2022 @ 3:15 pm By JD Alois  |  

Buy now, pay later (BNPL) offerings are booming. BNPLs can provide access to credit at a lower rate than credit cards – which tend to charge very high rates for revolving credit. For consumers interested in making a significant purchase, BNPL can be an excellent… Read More

January 9, 2022 @ 9:47 pm By Omar Faridi  |  

The team at Zego says that 2021 was a year for “the books” at the firm. They’ve reflected on some of the main achievements that have taken place at Zego over the past year. These include their Series C round of fundraising, strategic partnerships, as… Read More

January 6, 2022 @ 10:17 pm By Omar Faridi  |  

Bank Negara Malaysia, the nation’s central bank, recently issued the Discussion Paper on Licensing Framework for Digital Insurers and Takaful Operators. As noted by Bank Negara, the Discussion Paper outlines the proposed framework for “licensing new digital insurers and takaful operators (DITOs)” in order to… Read More

January 5, 2022 @ 11:15 am By JD Alois  |  

BitMEX, a crypto derivatives exchange that expects to launch a spot market later this year, says it has added 50,000 new users following the launch of the BMEX token on December 21, 2021. BitMEX is using the airdrop to incentivize new users following a challenging… Read More

January 4, 2022 @ 2:36 pm By Omar Faridi  |  

Digital is the “name of the game” when it comes to attracting auto insurance clients, according to an update from Notarize, which helps consumers with signing and notarizing “life’s most important documents online.” The Boston-based financial services firm writes in a blog post that the… Read More

January 3, 2022 @ 5:06 pm By Omar Faridi  |  

As 2021 came to an end, LeaseLock reflected on the considerable growth they have achieved alongside their customers, business partners, advisors, supporters, and colleagues. From securing $52 million in a Series B investment round, to exceeding $2 billion in leases insured, to launching a major… Read More

January 3, 2022 @ 8:50 am By Omar Faridi  |  

Ujjval Patel, Director of Solutions and Consulting, Hi Marley, notes that the insurance industry is evolving, and carriers of all sizes will have to innovate in order to respond to their customer and employees’ requirements. When properly implemented, many tech solutions offer considerable value, with… Read More

January 2, 2022 @ 9:46 am By Omar Faridi  |  

Lemonade (NYSE:LMND), the insurance firm that’s powered by AI and behavioral economics, notes that the end of the year 2021 is a time for “sitting back, taking stock, and reflecting on the past twelve months.” Although the Insurtech firm “doubtlessly” made a few mistakes along… Read More

December 30, 2021 @ 11:53 am By JD Alois  |  

Assurely, an early stage Insurtech, and the Great American Insurance Group, have agreed to partner on Directors and Officers Liability (D&O) insurance to private companies. Assurely states that this offering will be made available to firms leveraging Reg CF, a crowdfunding exemption, as well as… Read More

December 26, 2021 @ 6:57 pm By Omar Faridi  |  

NEXT Insurance, the digital Insurtech transforming small business insurance, recently revealed the results of a survey of small business owners regarding their attitudes towards and “experiences with the current supply chain crisis.” NEXT Insurance’s survey found retailers have been “hit hardest: 73% of retail small… Read More

December 21, 2021 @ 9:07 am By JD Alois  |  

Rnwl, an Insurtech startup, has closed its funding round on Seedrs. According to the offering page, Rnwl raised £492,225 from 534 investors in 34 days. Rnwl was offering equity at a pre-money valuation of £6 million. The security was EIS qualified and approved for the… Read More

December 21, 2021 @ 8:22 am By Omar Faridi  |  

Broker Insights – the “high-growth” firm whose digital platform is focused on transforming the commercial insurance market – has secured nearly $8 million (appr. £6 million) in a Series A round led by Mercia Asset Management. Chroma Ventures, which first backed Broker Insights with seed… Read More

December 19, 2021 @ 10:41 pm By Omar Faridi  |  

DeadHappy, which is the “home of the deathwish” and changing attitudes to death… “one deathwish at a time,” has secured 104% (£5,326,640 from 443 investors) of its £5,100,007 target with 24 days left in its crowdfunding campaign being carried out via Seedrs. Based in Leicester,… Read More