Insurtech

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

November 10, 2020 @ 3:58 pm By Samantha Hurst  |  

Policygenius, a U.S.-based online insurance marketplace, announced on Tuesday the release of its November 2020 Life Insurance Price Index. According to Policygenius, the Index displays average monthly life insurance rates using current data from leading life insurance carriers. New data from this free index is… Read More

November 10, 2020 @ 12:01 pm By Samantha Hurst  |  

U.S.-based insurtech startup Pie Insurance announced on Tuesday it has launched its API for partners. Pie reported by using the program partners who serve small businesses may get a quote without leaving their platform or website. They may also customize their integration as well a connect… Read More

November 9, 2020 @ 12:08 pm By Samantha Hurst  |  

Bestow, an Insurtech that delivers algo powered life insurance underwriting, announced on Monday it is expanding access to its entirely digital term life insurance experience. The company unveiled its new product, Protect API, which enables companies to directly offer life insurance coverage within their apps… Read More

November 3, 2020 @ 2:23 pm By Samantha Hurst  |  

Sapiens International Corporation, (NASDAQ: SPNS) and (TASE: SPNS), a global provider of software solutions for the insurance industry, announced on Tuesday the launch of IDIT Go, which is described as a pre-configured, cloud-native solution that streamlines implementation and operations, enabling general (non-life) insurers to rapidly launch… Read More

November 3, 2020 @ 12:37 pm By Samantha Hurst  |  

BrokerTech Ventures, a broker-led convening platform and accelerator focused on delivering “innovation” to the insurance broker industry, recently announced it has opened the application window for its 2021 BrokerTech Ventures Accelerator program. According to BrokerTech,  the concept of the BrokerTech Ventures Accelerator is to be… Read More

November 3, 2020 @ 11:49 am By Samantha Hurst  |  

Laka, a collective-based insurer of cyclists,  recently announced plans to launch its equity crowdfunding through UK-based Seedrs. The upcoming funding round comes less than a year after Laka raised  €4.2 million, which was led by venture capital companies LocalGlobe and Creandum. As previously reported, Laka… Read More

October 26, 2020 @ 8:46 am By JD Alois  |  

  VAIOT has become the first digital asset to be regulated by the Malta Financial Services Authority (MFSA) falling under the Maltese Virtual Financial Assets Act (VFAA), according to a note from the company. VAIOT seeks to enable both businesses and consumers to utilize a… Read More

October 25, 2020 @ 10:31 pm By Samantha Hurst  |  

Coterie, a U.S.-based commercial insurtech, recently announced it has formed a new partnership with Intuit QuickBooks to deliver business insurance to QuickBooks customers through the QuickBooks Online small business platform. This news comes right now after Intuit Quickbook announced its collaboration with Next Insurance. Coterie… Read More

October 25, 2020 @ 3:59 pm By Xu Gao  |  

PBC Digital Currency Research Institute and Rural Credit Bank Fund Clearing Center Sign a Strategic Cooperation Agreement On October 20th, the Digital Currency Research Institute of the People’s Bank of China (hereinafter referred to as the Institute of Digital Currency Research) and the Rural Credit… Read More

October 22, 2020 @ 9:27 am By Samantha Hurst  |  

Next Insurance, an insurtech seeking to transform small business insurance, announced on Thursday it has integrated with Intuit Inc. (Nasdaq: INTU). Next reported that the integration will enable QuickBooks users to seamlessly obtain a customized quote and easily purchase General Liability, Professional Liability and Workers’ Compensation coverage through the insurtech platform. “Not only… Read More

October 20, 2020 @ 1:49 pm By Samantha Hurst  |  

  U.S.-based insurtech startup Pie Insurance announced on Tuesday it has expanded its service to both Florida and Wisconsin.  The expansion comes just days after Pie announced it has exceeded $100 million in cumulative written premium and surpassed $100 million in annualized run rate premium. As previously reported, Pie describes… Read More

October 20, 2020 @ 1:00 pm By JD Alois  |  

​Vouch Insurance​, a business Insurtech platform for startups, has expanded its coverage into New York, according to a release. Vouch notes that in New York there are over 9,000 startups valued at $147 billion. The New York expansion marks a major milestone in Vouch’s growth,… Read More

October 19, 2020 @ 11:39 am By Samantha Hurst  |  

SageSure, a U.S.-based homeowner insurtech, recently announced the launch of its new line of commercial insurance products specifically for coastal businesses. Founded in 2005, SageSure describes itself as an innovation-focused insurance and technology company specializing in underserved property markets. “As the leading homeowners insurtech organization… Read More

October 19, 2020 @ 11:21 am By Samantha Hurst  |  

  Matic, a U.S.-based digital insurance agency, recently announced it secured $24 million through its latest investment round, which was led by IA Capital with participation from Cultivation Capital, Clocktower Technology Ventures, MTech Capital, The K Fund, Protection America, Nationwide Ventures, Anthemis Group, ManchesterStory, Franklin… Read More

October 17, 2020 @ 5:00 pm By Xu Gao  |  

Insurtech Platform Nanyan Information Technology Secures 250-million-yuan Series C Round of Financing On October 14th, Chinese Insurtech platform Nanyan Information Technology (hereinafter referred to as “Nanyan”) announced that it had secured 250 million yuan in a Series C round of financing. The investment was led… Read More

October 16, 2020 @ 4:07 pm By Samantha Hurst  |  

InsurTech NY, an insurtech community that is located in the New York metro area, recently announced its growth-stage InsurTech accelerator cohort. According to Insurtech NY,  the program will focus on growth-stage startups that have existing customers and range in funding stage between Seed and Series… Read More

October 16, 2020 @ 3:51 pm By Samantha Hurst  |  

  U.S.-based insurtech startup Pie Insurance recently announced it has exceeded $100 million in cumulative written premium and surpassed $100 million in annualized run rate premium. As previously reported, Pie describes itself as a fast-growing insurtech startup that offers workers’ compensation insurance directly to small businesses. The company revealed it… Read More

October 8, 2020 @ 12:25 am By JD Alois  |  

ERGO Hestia, said to be the second-largest insurance group in Poland, has partnered with blockchain firm Billon Group to pilot instant refunds using distributed ledger technology (DLT). According to a note from the company, a select group of ERGO Hestia’s customers has been receiving blockchain-based… Read More

September 30, 2020 @ 3:13 pm By Samantha Hurst  |  

Next Insurance, an insurtech seeking to transform small business insurance, announced on Wednesday the availability of its Workers’ Compensation offering to 24 additional states across the nation, which includes Alabama, Iowa, Louisiana, and Virginia. “Workers’ Compensation is essential not only for high-risk jobs like those in… Read More