Insurtech

December 8, 2020 @ 12:32 pm By Samantha Hurst  |  

  At-Bay, a U.S.-based insurtech startup, announced on Tuesday it secured $34 million through its Series C funding round, which was led by Qumra Capital with participation from Microsoft’s venture fund M12. The company notably raised a total of $74 million in 2020 alone, having… Read More

December 8, 2020 @ 1:00 am By JD Alois  |  

Lemonade (NYSE:LMND), an Insurtech that offers various insurance products, is now live in France. According to the company, residents of France may now digitally access renters insurance as well as file claims and get paid immediately via the company’s app. Lemonade is licensed and supervised… Read More

December 7, 2020 @ 8:31 am By Samantha Hurst  |  

Luko, a France-based insurtech, announced on Monday it secured $60 million through its Series B investment round, which was led by EQT Ventures with participation Accel, Founders Fund, Speedinvest, and Orange Ventures. Launched in 2018, Luko claims it has reinvented home insurance with social responsibility… Read More

December 2, 2020 @ 2:43 pm By Samantha Hurst  |  

Laka, a collective-based insurer of cyclists, is set to close its latest equity crowdfunding campaign on Seedrs with nearly £1.6 million raised. The funding round, which has attracted more than 1380 Seedrs investors, quickly surpassed its initial £1 million funding target. As previously reported, Laka has developed… Read More

December 1, 2020 @ 3:03 pm By Samantha Hurst  |  

Nubank and Chubb announced on Tuesday the launch of a fully digital life insurance offering, Nubank Vida, in Brazil. According to the duo, Nubank Vida is underwritten by Chubb and was developed using the integration capabilities of Chubb Studio, the global digital product distribution platform… Read More

November 29, 2020 @ 3:08 pm By Xu Gao  |  

Suzhou Will Carry Out Digital RMB experiment on Dec. 12 Suzhou will become the second Chinese city after Shenzhen to carry out a digital RMB experiment, according to a source with knowledge of the matter. On December 12th, the crypto yuan for the experiment will… Read More

November 27, 2020 @ 6:49 pm By Samantha Hurst  |  

Pier, a Brazil-based full-stack insurtech, announced earlier this week it secured $14.5 million through its Series A funding round, which was led by Monashees with participation from Canary, Mercado Livre, and BTG Pactual. Founded in 2018, Pier states it adopts artificial intelligence to bring a… Read More

November 27, 2020 @ 6:59 am By Omar Faridi  |  

Germany-based digital insurance firm Getsafe has teamed up with GoCompare as it prepares to firmly establish its presence in the UK markets. Getsafe launched operations in the UK in February 2020 and it’s now planning to make app-based insurance services more accessible to UK residents…. Read More

November 25, 2020 @ 3:25 pm By Samantha Hurst  |  

  U.S. insurtech startup Hippo Insurance has joined forces with Kangaroo Home Security to bring customers flexibility and financial ease with home insurance. According to Hippo, the collaboration expands the suite of smart device kits available within Hippo’s expansive smart home program to include a… Read More

November 24, 2020 @ 11:25 am By Samantha Hurst  |  

  U.S. insurtech startup Hippo Insurance announced on Tuesday it scored $350 million investment and formed a partnership with Mitsui Sumitomo Insurance Company, Limited, a subsidiary of MS&AD Insurance Group Holdings, Inc. According to Hippo, the investment will support the insurtech’s product roll out in… Read More

November 23, 2020 @ 8:54 pm By Omar Faridi  |  

A Texas-based Insurtech firm has been able to grow its operations despite the socio-economic challenges created due to the COVID-19 pandemic. Bestow in Dallas has witnessed increased demand as it offers various life insurance plans through an all-digital service that allows customers to easily sign… Read More

November 23, 2020 @ 11:15 am By Samantha Hurst  |  

Flyreel, a U.S.-based Artificial Intelligence (AI) solution for residential and commercial property insurance, recently announced it secured $10 million through its Series A funding round, which was led by IA Capital Group with participation from Guidewire Software, Gradient Ventures, State Auto Labs, and Donan Engineering…. Read More

November 23, 2020 @ 10:25 am By JD Alois  |  

The Depository Trust & Clearing Corporation (DTCC) is now offering a new client pilot program for its Insurance Information Exchange (IIEX) service, a platform that seeks to help clients turn massive quantities of insurance data and information across 15.6 million policy records into actionable insights…. Read More

November 18, 2020 @ 4:23 pm By Samantha Hurst  |  

  Assurely, a U.S.-based insurtech that provides embedded insurance as a service, recently announced its closed its seed round, which was led by ATX Ventures. The company reported that the investment round brought its total funding to just more than $3.7 million. Founded in 2016,… Read More

November 18, 2020 @ 8:06 am By Samantha Hurst  |  

bolt, a U.S.-based insurtech exchange, recently announced it has reached an all-time high of more than $4 billion in active insurance premiums on its platform. The company noted that the premiums get by more than a third since May 2020. Founded in 2000, bolt enables… Read More

November 18, 2020 @ 7:44 am By Omar Faridi  |  

Bdeo, an established Insurtech firm with offices in Spain and Latin America, has finalized a Series A investment round valued at €5 million. Bdeo’s latest round was led by BlackFin, a European investment company that’s focused on the financial services sector. Existing investors K Fund… Read More

November 15, 2020 @ 10:20 pm By Samantha Hurst  |  

U.S.-based insurtech TrustLayer recently announced it has been named strategic partner for MarshBerry’s connect platform. According to TrustLayer, the connect platform is a new category of independent distribution that helps insurance firms leverage scope, scale, and resources to maximize growth through business intelligence, resource optimization, and… Read More

November 14, 2020 @ 3:08 pm By Xu Gao  |  

China Releases Draft Version of “Online Micro-loan Operations Provisional Administrative Measures” On November 2nd, the People’s Bank of China (PBC) and the China Banking and Insurance Regulatory Commission (CBIRC) jointly released the draft version of “Online Micro-loan Operations Provisional Administrative Measures” (hereinafter referred to as… Read More

November 11, 2020 @ 1:14 pm By Samantha Hurst  |  

DealerPolicy, a U.S.-based insurance marketplace solution for dealers, announced on Wednesday it has teamed up with auto retail design and CRM tool provider FRIKINtech to provide car buyers auto insurance within digital retailing. Founded in 2015, DealerPolicy claims to be the most trusted and complete… Read More

November 11, 2020 @ 10:07 am By JD Alois  |  

Lemonade (NYSE:LMND), a fast-growing Insurtech firm, released Q3 earnings this week reporting top-line revenue of $17.8 million and a net loss of $30.9 million. Shares traded down following the news. Lemonade completed an initial public offering (IPO) earlier this year raising gross proceeds of $319 million… Read More