Insurtech

April 21, 2021 @ 11:54 pm By JD Alois  |  

Ingatica, an Insurtech that offers a digital self-service and automation solutions for insurers, has closed on a USD $7 million pre-series A funding. The investment was led by Lingfeng Capital, with participation from SOSV Investment Funds, Australia-based Artesian, HK-Based AFG Partners Fund, as well as… Read More

April 20, 2021 @ 10:07 pm By Omar Faridi  |  

Lemonade (NYSE:LMND), the insurance firm that’s powered by AI and behavioral economics, announced on Tuesday (April 20, 2021) that it’s “readying ‘Lemonade Car’ for launch within the year.” As mentioned in a release shared with CI, early registration is “now open at www.lemonade.com/car.” The announcement further… Read More

April 19, 2021 @ 2:59 pm By Samantha Hurst  |  

    Versured, a U.S.-based insurtech, announced on Monday the launch of its commercial and life insurance. Founded in 2019, Versured stated it was built on a foundation of trusted brokerage partners with broad insights and experiences. Our core value of trust has remained central to… Read More

April 19, 2021 @ 10:49 am By Samantha Hurst  |  

    U.S. insurtech Zywave recently announced it has acquired Enquiron, a provider of risk management and consultative business solutions. Zywave reported that with the combination of its existing portfolio of solutions, the acquisition reinforces its “leadership” position in these markets. Founded in 1996, Enquiron… Read More

April 18, 2021 @ 12:58 pm By Xu Gao  |  

The People’s Bank of China and Six Other Departments Launch Fintech Projects for Rural Vitalization In order to better implement the strategy of rural vitalization, the People’s Bank of China and six other department (namely Ministry of Agriculture and Rural Affairs, Ministry of Industry and… Read More

April 17, 2021 @ 3:43 pm By Omar Faridi  |  

Malaysian Insurtech platform Fatberry has reportedly secured RM 2.5 million (appr. $600,000) through a pre-series A funding round. As noted by its management: “FatBerry is Malaysia’s most comprehensive online insurance portal. We allow you to compare and search for the best coverage plans quickly and… Read More

April 16, 2021 @ 9:54 pm By Samantha Hurst  |  

  Clearcover, a U.S.-based car insurance platform, announced earlier this week it secured $200 million through its Series D funding round, which was led by Eldridge, with participation from American Family Ventures, Cox Enterprises, and OMERS Ventures. Founded in 2016, Clearcover describes itself as the… Read More

April 16, 2021 @ 8:16 am By Omar Faridi  |  

Lloyd’s Lab has announced its sixth cohort with a special focus on “product simplification” and climate. Lloyd’s revealed on April 15, 2021 that the next eleven insurance technology (Insurtech) startups joining the sixth cohort of the Lloyd’s Lab innovation accelerator program will aim to develop… Read More

April 14, 2021 @ 4:45 pm By Samantha Hurst  |  

  Nova Benefits, a B2B health insurance platform, has reportedly secured $1 million through its latest seed round, which was led by Multiply Ventures, Better Capital and Titan Capital. Founded in 2020, Nova Benefits claims to be the one stop tech platform for providing the “best”… Read More

April 13, 2021 @ 7:17 pm By Omar Faridi  |  

Austin-based The Zebra, a company that provides an insurance comparison solution, has secured $150 million in capital through its Series D round. The Zebra has reportedly achieved Unicorn status (valued at $1 billion or more) following its latest round. The Zebra’s latest investment round size… Read More

April 13, 2021 @ 10:11 am By JD Alois  |  

Insurtech Vericred has raised $23 million in a Series B funding round led by Aquiline Technology Growth in an offering that was said to be oversubscribed. Vericred describes itself as kind of like Plaid but for insurance.  Its API platform connects the health insurance and… Read More

April 12, 2021 @ 1:28 pm By Samantha Hurst  |  

Bamboo Insurance, a U.S.-based insurtech platform, announced on Monday it has partnered with global insurers’ core system Socotra to power its existing insurance offerings and new product lines. Founded in 2018, Bamboo describes itself as a newly formed insurance organization that offers flexible and transparent insurance… Read More

April 10, 2021 @ 9:37 pm By Omar Faridi  |  

ZA Tech Global Limited, the technology venture established by ZA International and supported by Softbank’s Vision Fund 1, revealed on Friday (April 9, 2021) that it’s launching its Asia Fintech Center (AFC) in Singapore. The new center will focus on financial services innovation projects and… Read More

April 9, 2021 @ 2:08 pm By Samantha Hurst  |  

Trov, a U.S.-based insurtech company, announced earlier this week that it is expanding its presence in the UK by offering digital renter’s insurance. The company also revealed a new wave of consumers that will offer digital insurance that is powered by its technology, which includes… Read More

April 8, 2021 @ 8:30 am By Samantha Hurst  |  

  Fenris, a U.S.-based insurtech platform, announced on Wednesday it secured $2.7 million in new investment round, which was led by IDEA Fund Partners with participation from  Six-Thirty VC, CIT GAP Funds, and Rezon8 Capital. Founded in 2016, Fenris states its APIs deliver real-time insights na… Read More

April 3, 2021 @ 9:37 pm By Omar Faridi  |  

Astorya.io, which aims to serve as the search engine for Insurance and Banking technologies, has published a blog post, titled InsurTech Europe: 10 Years Of InsurTech In Europe Analyzed Through 800+ Startups (based on data from astorya.io). While discussing how InsurTech startups are gaining considerable… Read More

April 1, 2021 @ 1:40 pm By Samantha Hurst  |  

Plug and Play announced on Thursday it has selected 154 startups into their Summer 2021 Batches. The accelerator program reported that each company has been accepted into one of the following programs that run through June: Energy, Enterprise Tech, Fintech, Health, Insurtech, Internet of Things, Mobility, Real Estate & Construction, or Travel &… Read More

March 31, 2021 @ 11:39 am By Samantha Hurst  |  

Salty, a U.S.-based Embedded Insurance technology company, announced on Tuesday it secured over $15 million through its latest investment round, bringing the company’s capital raised to date to more than $31 million. Founded in 2019, Salty states it removes existing consumer impediments to buying the right… Read More

March 31, 2021 @ 9:40 am By Samantha Hurst  |  

  Next Insurance, an insurtech seeking to transform small business insurance, announced on Wednesday it raised  $250 million through new funding round, which was led by FinTLV Ventures and Battery Ventures with participation from CapitalG, Group 11, Zeev Ventures, Founders Circle, and G Squared. Next… Read More

March 30, 2021 @ 10:54 am By Samantha Hurst  |  

  Marble, a U.S.-based digital wallet and loyalty platform for insurance, announced on Tuesday it is dropping its waitlist and opening its platform to any U.S. policyholder. The launch comes less than two months after Marble raises $2.5 million through its seed financing round.  Founded… Read More