Insurtech

August 4, 2021 @ 10:21 am By Omar Faridi  |  

Hippo Holdings Inc (HIPO.WS) says it aims to improve homeowners’ insurance by leveraging customer data in order to make it quicker and simpler to obtain coverage. This, according to the Insurtech firm’s CEO. As reported by Reuters, Hippo is valued at $5 billion and went… Read More

August 4, 2021 @ 9:11 am By Omar Faridi  |  

Only a few weeks after finalizing its Series A-2 funding round of almost $3.8 million from 10 different investors, Insurtech Synchrono Group Inc., which offers services under a trademarked brand called SynchronoSure, is introducing another product, company Chief Executive and Chair Steve Hartmank reveals. In… Read More

August 2, 2021 @ 10:07 pm By JD Alois  |  

LiquidX says that Coface Singapore Branch has joined its LiquidX 360 digital platform, a marketplace for participants in the trade credit insurance market, including carriers, brokers, and policyholders. According to a release, Coface Singapore is the first carrier in the region to join the platform… Read More

July 29, 2021 @ 7:58 am By Omar Faridi  |  

Willis Towers Watson (NASDAQ: WLTW), a leading global advisory, broking and solutions company that assists customers across the globe with turning risk into “a path for growth,” has  published its latest Quarterly InsurTech Briefing (Q2), which notably marks the second installation of the 2021 series,… Read More

July 28, 2021 @ 1:24 pm By Tony Zerucha  |  

Digital insurance startup Spot has raised $17.5 million in funding, including $15 million in equity and $2.5 million in debt. The round was led by GreatPoint Ventures, with participation from Montage Ventures, Mutual of Omaha, MS&AD, and Silverton Partners. Mike McCormick, principal at GreatPoint Ventures,… Read More

July 27, 2021 @ 4:24 pm By Omar Faridi  |  

Daniel Schreiber, CEO at Insurtech Lemonade (NYSE:LMND), reveals that it’s now their 5th year in a row of givebacks. It’s actually grown 4000% across those years, Daniel notes, while adding that it has been growing quite steeply this year compared to 2020’s 100%+ growth. He… Read More

July 23, 2021 @ 10:44 am By Omar Faridi  |  

iPipeline, a provider of low code / no code content-enabled digital solutions and services to the financial services sector, reveals that global reinsurance company, PartnerRe, has decided to adopt the iPipeline’s SSG Digital® Platform in order to expand its international protection portfolio. As mentioned in… Read More

July 20, 2021 @ 8:36 am By Omar Faridi  |  

Leading UK-based insurer Hamilton Fraser has teamed up with Trov, a global provider of embedded insurance, according to an update shared with Crowdfund Insider. Along with Hamilton Fraser, Trov will be adding four new UK Proptech partners who will integrate Trov’s embedded renters’ insurance into… Read More

July 16, 2021 @ 7:17 pm By JD Alois  |  

  France, not always at the top of mind when it comes to innovative tech firms, is gaining traction when it comes to VC funding of innovative young firms. According to research by Avolta Partners, a boutique investment bank, there are now 17 unicorns in… Read More

July 16, 2021 @ 6:34 pm By Omar Faridi  |  

Hong Kong-based digital life insurance firm Blue has confirmed the launch of its WeMedi Top Up (Outpatient) Protector, which is a top-up outpatient plan offered as part of the digital life insurance market. As noted by its management: “Blue is Hong Kong’s first digital life… Read More

July 6, 2021 @ 3:05 pm By Priyanka Pani  |  

Global insurance technology company Inshur has raised an undisclosed Series B round led by JVP. Existing investors Viola Fintech, and MTech Capital also participated in this round. With the fresh funding, the company has raised $35M (approx €29.55 million) in total so far. The company intends to… Read More

July 4, 2021 @ 3:45 pm By Omar Faridi  |  

Singapore-based Insurtech company Bolttech recently revealed that it has finalized an oversubscribed $180 million Series A round which values the firm at over $1 billion, thus giving it Unicorn status just a year after it began operations. Bolttech’s investment round was led by Activant Capital… Read More

June 30, 2021 @ 8:13 am By JD Alois  |  

hyperexponential (hx), a UK-based Insurtech, has raised $18 million in a funding round led by Highland Europe, according to a note from the company. hx states that it is already profitable and the funding will help boost growth and build out its software for the… Read More

June 26, 2021 @ 7:23 pm By Omar Faridi  |  

Axiata Digital’s online wallet Boost has reportedly launched three new micro-insurance and takaful plans under the name “Boost Protect” in order to provide consumers in Malaysia with affordable and premium coverage. The addition of MozzieProtect, FamilyProtect, and Critical Illness Care brings the total coverage plans… Read More

June 25, 2021 @ 9:38 pm By Omar Faridi  |  

eRemit Singapore, a digital remittance service platform that’s supported by Merchantrade Asia and QALA Tech, has teamed up with Hong Leong Assurance Singapore (HLAS) in order to provide a new insurance scheme for migrant workers based in Singapore. The eRemit Singapore’s Salary Protector Scheme has… Read More

June 23, 2021 @ 7:43 pm By Omar Faridi  |  

A new Insurtech hub for wealth management has launched with a hybrid distribution model. Financial Independence Group has joined SIMON to provide a centralized digital platform for structured investments and various insurance products with “powerful” education and analytical tools. As mentioned in the update, wealth… Read More

June 22, 2021 @ 9:00 am By JD Alois  |  

Honeycomb, a platform providing property insurance via a digital platform, has raised $3.3 million in funding from Phoenix Insurance, New Era Capital Partners, IT-Farm Corporation and NFP Ventures, according to a release. Honeycomb, previously operating under the name Agilius, is a managing general agent (MGA)… Read More

June 20, 2021 @ 5:41 pm By Omar Faridi  |  

Gururam-headquartered Insurtech firm RenewBuy has acquired $45 million in capital through a Series C round that was led by Apis Growth Fund II, a private equity fund that’s overseen by UK-based Apis Partners LLP, a fund manager that focuses on growth-stage Fintechs. Haitong Securities served… Read More

June 20, 2021 @ 5:06 pm By Omar Faridi  |  

Tractable, the AI firm assisting insurers with accident and disaster recovery, recently revealed that it has acquired $60 million through a Series D round that was led by Insight Partners and Georgian. Tractable’s latest investment round has now doubled the total raised by the firm… Read More

June 19, 2021 @ 2:42 pm By Omar Faridi  |  

Hellas Direct, a technology-driven insurance firm with business offices in Greece and Cyprus, reveals that it has acquired €32 million in capital as part of its latest funding round, bringing the total raised by the company to €56 million. Hellas Direct also welcomed the European… Read More