Insurtech

January 27, 2021 @ 12:37 pm By Samantha Hurst  |  

  U.S. insurtech Rhino announced on Tuesday it raised $95 million through its latest investment round, which was led by Tiger Global Management with participation from Kairos, Lakestar VC, and Lakehouse VC. Launched in 2017, Rhino is on a mission to bring greater financial freedom… Read More

January 26, 2021 @ 2:09 pm By Samantha Hurst  |  

  Joshu, a U.S,-basd insurtech, announced on Tuesday it raised $3.7 million through its seed funding round, which was led by Blumberg Capital with participation from Engineering Capital, Correlation Ventures, Innovation Endeavors, and Sure Ventures. Founded in 2020, Joshu’s solution offers insurance carriers and managing… Read More

January 25, 2021 @ 3:42 pm By Samantha Hurst  |  

  Pula, a Kenya-based insurtech, has reportedly secured $6 million through its Series A funding round, which was led by Pan-African early-stage venture capital firm, TLcom Capital, with participation from nonprofit Women’s World Banking. Launched in 2015, Pula claims it is on a mission to reimagine agricultural… Read More

January 21, 2021 @ 4:39 pm By Samantha Hurst  |  

  InsurTech NY, a global InsurTech hub, announced on Thursday it has joined forces with the Bermuda Business Development Agency (BDA), Bermuda’s independent economic development public-private partnership, to launch the 2021 InsurTech Early-Stage Competition. According to the duo, this competition attracts up to 100 promising… Read More

January 21, 2021 @ 10:36 am By JD Alois  |  

Founded by Christian Wiens and Marius Simon in 2015,  Getsafe entered the UK insurance market about one year ago. The Germany based Insurtech has posted some information looking back at the last 12 months. In December, Getsafe secured a $30 million funding round led by… Read More

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

Payments company GHL has reportedly expanded its line of products and services to include road tax and vehicle insurance renewal options. GHL’s new services are being introduced after it announced a partnership with Malaysia’s Loanstreet, an established financial marketplace. Following the launch of GROW by… Read More

January 19, 2021 @ 2:31 pm By Samantha Hurst  |  

  Arbol, a U.S.-based insurtech platform specifically for parametric products, announced on Tuesday it secured $7 million through its Series A fundraiser. The investment round included participation from Finch Finance LLC, Space Capital, and Mubadala Capital-Ventures. Founded in 2018, Arbol’s products are able to quickly… Read More

January 19, 2021 @ 10:43 am By Samantha Hurst  |  

Jooycar, a Chilean insurtech that is seeking to disrupt the auto insurance and telematics space in Latin America, announced on Tuesday it has officially expanded its service to the U.S. with the launch of a GPS vehicle tracking solution. This launch comes less than six… Read More

January 18, 2021 @ 3:41 pm By Samantha Hurst  |  

    Bold Penguin, a U.S.-based commercial insurtech firm, recently announced it has been acquired by American Family Insurance Mutual Holding Company. As previously reported, Bold Penguin claims it launched a “high efficient” exchange that enhances the connection between customers, agents, and carriers while reducing… Read More

January 18, 2021 @ 3:09 pm By Samantha Hurst  |  

  Hiro, a UK-based insurtech startup, quickly secures £1.6 million through its equity crowdfunding campaign on Seedrs. The funding round, which originally sought to raise a minimum of £1.2 million, has so far attracted over 500 Seedrs investors.  As previously reported, Hiro describes itself as… Read More

January 17, 2021 @ 10:59 pm By Samantha Hurst  |  

  Porch Group, a U.S.-based vertical software company focused on the home services industry, recently announced it has acquired four companies and has begun to expand into insurtech. Founded in 2012 as an online home improvement network, Porch claims it has grown into the industry-leading… Read More

January 16, 2021 @ 10:44 pm By Omar Faridi  |  

Germany-based FRIDAY, an Insurtech firm which operates as a Baloise subsidiary, has hired  Nate Glissmeyer to serve as the company’s Chief Platform Officer and Robin Latz has also been recruited to lead the management at the insurance technology provider. The two new hires will be… Read More

January 7, 2021 @ 9:51 am By Samantha Hurst  |  

   InsuraGuest Technologies, Inc. (TSXV: ISGI), a Canada-based insurtech, announced on Wednesday that through its wholly-owned U.S. subsidiary InsuraGuest, Inc. (ISG)  it has expanded the reach of its insurtech platform to fully integrate with 82 different property management systems through the Company’s proprietary API, which… Read More

January 6, 2021 @ 12:59 pm By Samantha Hurst  |  

  U.S. insurtech Breeze announced on Wednesday it has added a critical illness insurance product to its digital platform. The company revealed that the new product will expand its partnership with Assurity Life. According to Breeze, individuals may request personalized critical illness insurance quotes and… Read More

January 5, 2021 @ 11:07 pm By Omar Faridi  |  

Switzerland-based SafeSide Life, a digital life insurance solution provider, has teamed up with miira, a comparison platform for enhancing personal retirement planning (that’s powered by PostFinance’s Innovation Lab). Through the partnership, the companies will aim to improve how consumers analyze financial protection requirements and subsequently… Read More

January 5, 2021 @ 12:11 pm By Samantha Hurst  |  

  Hiro, a UK-based insurtech startup, announced on Tuesday it is planning to seek funds through equity crowdfunding platform Seedrs. The company describes itself as a home insurance challenger that helps customers to actively protect their home using smart technology instead of relying on compensation… Read More

January 5, 2021 @ 9:44 am By Samantha Hurst  |  

    InsurTech NY, an insurtech community that is located in the New York metro area, announced on Tuesday it has opened the application window for their annual .2021 InsurTech Early-Stage Competition. According to InsurTech NY, the competition will award $200,000 in prizes to three winning… Read More

January 4, 2021 @ 11:22 pm By Omar Faridi  |  

Andrew King, Head of Synechron, a digital transformation consulting firm for financial services, notes that the exponential growth in digital transactions and data, along with regulatory developments, is changing the way companies are conducting business. King pointed out in an Op-Ed published by Insurance Business… Read More

January 3, 2021 @ 9:00 pm By Timothy Li  |  

Fintech enthusiasts welcome back to my 5th annual “Top Ten” Fintech prediction series. This year I’ve met a lot of powerful movers and shakers in the Fintech space. My take away from these meetings and interactions is how little do I know about this ever-expanding… Read More

December 31, 2020 @ 4:13 pm By Samantha Hurst  |  

  European insurtech provider TONI Digital recently announced it has teamed up with cloud-native insurance core platform Socotra to launch its new insurance-as-a-service technology platform for the white-label insurance market. According to TONI Digital, the solution enables large corporations to quickly enter the insurance market,… Read More