Insurtech

October 20, 2021 @ 9:57 am By JD Alois  |  

Lithuania is a European jurisdiction that wants to support innovation in financial services. As part of the European Union, the small baltic country has the opportunity to be more agile within the regulatory realm in contrast to larger EU member states. This past week, the… Read More

October 19, 2021 @ 8:47 am By JD Alois  |  

Insurtech firm BondAval has raised a $7 million seed round led by UK-based venture fund Octopus Ventures. Bondval also received the backing of Expa, along with support from existing investors Insurtech Gateway and TrueSight Ventures and several entrepreneurs, including Tom Blomfield (Monzo and GoCardless), Charlie… Read More

October 17, 2021 @ 9:09 pm By Omar Faridi  |  

PayMaya Philippines has partnered with bolttech, a global Insurtech, in order to give Filipinos easier access to “affordable” microinsurance and services delivered “seamlessly on the PayMaya app with PayMaya Protect.” Through the partnership, PayMaya‘s clients may benefit from relevant and “easy-to-understand” coverage in the PayMaya… Read More

October 11, 2021 @ 11:34 am By JD Alois  |  

Crabi, an Insurtech in the auto insurance sector, has raised $4 million in seed funding, according to a release. The funding was led by LatAm VC Kaszek Ventures with participation from Tuesday Capital and Redwood Ventures. Crabi states that there are more than 50 million… Read More

October 9, 2021 @ 9:51 am By Omar Faridi  |  

Getsafe, a digital insurance service provider that’s focused on serving Millennial buyers in Germany and the United Kingdom, confirmed that it has now extended its Series B round to $93 million. https://twitter.com/hellogetsafe/status/1446137783345504256 The neo insurance platform had previously revealed in December 2020 that it had… Read More

October 6, 2021 @ 11:50 pm By Omar Faridi  |  

Overalls, which claims to be the first personalized, all-in-one protection platform, is “shaking up” how worker benefits are packaged by taking an innovative approach to insurance that “combines life, personal-line and entirely new protection products into algorithmically optimized and personalized portfolios to celebrate life’s ups… Read More

October 5, 2021 @ 9:36 pm By Omar Faridi  |  

Muang Thai Life Assurance Pcl., one of the largest life and health insurance firms in Thailand, has entered a partnership with ZA Tech Global Limited, the technology venture established by ZA International and backed by Softbank’s Vision Fund 1. The partnership marks both parties’ commitment… Read More

October 5, 2021 @ 12:00 pm By JD Alois  |  

Insurtech Sure has closed on a $100 million Series C funding round led by Declaration Partners and Kinnevik, according to a note from the company.  WndrCo and existing investors W. R. Berkley and Menlo Ventures also participated in the funding round. Sure said the additional… Read More

October 1, 2021 @ 3:21 pm By Omar Faridi  |  

Malaysia-headquartered Insurtech company PolicyStreet.com reveals that it has finalized a RM 25 million (appr. $6 million) Series A round over two separate tranches. The Insurtech firm’s recent investment round has been led by Altara Ventures, Auspac Ventures, Gobi Partners, along with contributions from the Leong… Read More

September 26, 2021 @ 4:10 pm By Omar Faridi  |  

Zurich Insurance Group recently entered an international partnership with Toronto-headquartered Insurtech firm BOXX Insurance (BOXX), which offers integrated cybersecurity and insurance services to SMEs, individual consumers and families. As noted by its management, BOXX Insurance Inc. is a new type of insurance firm for “a… Read More

September 23, 2021 @ 9:49 pm By Omar Faridi  |  

UOB Malaysia has partnered with Prudential Assurance Malaysia Berhad (PAMB) in order to offer clients with a suite of insurance services via a new Virtual Face-to-Face (VF2F) feature on Pulse, which is the insurance provider’s comprehensive health and wellness app. The bank stated that it’s… Read More

September 21, 2021 @ 11:44 pm By Tony Zerucha  |  

Etherisc, an open-source, decentralized insurance protocol, and ecosystem, together with the Blockchain Competence Center Mittweida (BCCM) at Mittweida University of Applied Sciences, today announced the launch of a joint project to develop a blockchain-based insurance prototype. This project aims to provide refined alternatives to traditional… Read More

September 21, 2021 @ 3:02 pm By Omar Faridi  |  

Digital Asset, a software and services provider that assists enterprises with building economic value via interconnected networks, has unveiled a 6-week online hackathon, which will be hosted in partnership with SE2, which is a life and annuities insurance tech and services provider. As noted in… Read More

September 21, 2021 @ 8:45 am By Omar Faridi  |  

bolttech, one of the fastest-growing global Insurtech unicorns, reveals that it has completed an extension of its $180 million series A round that was led by Activant Capital Group, bringing the series total to $210 million. As mentioned in a release, this is the largest… Read More

September 20, 2021 @ 7:35 pm By Omar Faridi  |  

NTUC Income, an insurance cooperative based in Singapore, recently revealed that it has introduced a micro investment-related plan (ILP) via the SNACK by Income mobile app. SNACK Investment has reportedly taken a stackable approach that enables clients to create their investment portfolios with bite-sized premiums… Read More

September 20, 2021 @ 6:10 pm By Omar Faridi  |  

Insurtech firm Concirrus has introduced its next-gen platform for the (Internet of Things) IoT-enabled insurance sector. This new modular tech offering, which aims to leverage Concirrus’ extensive investment expertise and experience of working within the insurance market, will “allow insurers to accelerate their transition to… Read More

September 20, 2021 @ 9:55 am By Omar Faridi  |  

Crypto.com revealed on Monday (September 20, 2021) that it has expanded its total insurance coverage to $750 million, after increasing its policy coverage – which has been led by Arch Underwriting at Lloyd’s Syndicate 2012. As mentioned in a release shared with Crowdfund Insider, the… Read More

September 19, 2021 @ 4:55 pm By Omar Faridi  |  

Axiata Digital’s digital wallet Boost revealed earlier this week that it has further expanded its insurance offerings with the introduction of automobile insurance, called “CarProtect,” which has been underwritten by Great Eastern General Insurance (Malaysia) Berhad. The digital wallet provider stated that CarProtect provides clients… Read More

September 13, 2021 @ 8:39 pm By Omar Faridi  |  

AXA Affin General Insurance and Malaysia’s Finology, a Fintech firm focused on supporting efficient lending and insurance for individual consumers and businesses, have teamed up to allow clients to buy or renew car and motorcycle insurance and settle road taxes via online platforms. As noted… Read More

September 12, 2021 @ 10:22 pm By Omar Faridi  |  

UAE-headquartered healthcare financing platform Klaim has acquired $1.6 million via a pre-Series A round. Klaim’s investment round has been led by Mad’a Investments, a private equity company based in Saudi Arabia. Other investors also made contributions to the round, including Arzan Venture Capital and Wealth… Read More