Insurtech

September 30, 2020 @ 11:55 am By Samantha Hurst  |  

Noyo, a U.S.-based API platform for improving the speed and accuracy of health insurance data exchange, announced earlier this week it raised $12.5 million through its Series A funding round, which was led by Costanoa Ventures and Spark Capital, with participation from Homebrew, Fika Ventures,… Read More

September 27, 2020 @ 9:34 pm By Samantha Hurst  |  

 Sapiens International Corporation, (NASDAQ: SPNS) and (TASE: SPNS), a global provider of software solutions for the insurance industry, recently announced it has joined forces with advanced and predictive risk analysis company, GreenRoad Technologies, to improve driver safety and personalize driver insurance premiums. Sapiens reported that… Read More

September 25, 2020 @ 11:32 am By Samantha Hurst  |  

  Topa Insurance, a specialty property-casualty insurer, and U.S. insurtech Hippo Enterprises Inc. announced earlier this week that they have made a mutual decision to transition their partnership. Following the transition, Hippo customer policies with Topa will be underwritten by Spinnaker Insurance Company, a wholly-owned… Read More

September 24, 2020 @ 9:40 am By Samantha Hurst  |  

CogniSure AI, an insurtech startup that is focused on providing actionable insights from unstructured insurance documents such as policies, loss runs, quotes, and submission emails, announced on Wednesday the launch of its artificial intelligence (AI) platform for commercial loss run automation. Founded in 2019, CogniSure… Read More

September 23, 2020 @ 8:18 pm By Omar Faridi  |  

Fintech firm Zenda.la has reportedly become the first Mexican company to get accepted to the IBM Hyper Protect Accelerator program, which is conducted through a partnership with Village Capital. Zenda’s management says that being accepted into the tech giant’s program is “especially relevant as we… Read More

September 23, 2020 @ 3:24 pm By Samantha Hurst  |  

Penn River, a U.S. insurtech that’s focused on cloud-based annuity and life administration, announced on Tuesday it has joined forces with management consulting company Mantissa to launch its ProductHub platform. Penn River describes ProductHub as a solution that provides as much as a 30% reduction… Read More

September 23, 2020 @ 3:08 pm By Samantha Hurst  |  

U.S.-based insurtech startup Pie Insurance announced on Tuesday it is now offering automated bind requests within its recently launched partner portal. Pie Insurance reported that by allowing partner agents to submit requests to bind on eligible submissions within the partner portal, the company is “streamlining”… Read More

September 23, 2020 @ 9:21 am By Samantha Hurst  |  

Next Insurance, an insurtech seeking to transform small business insurance, announced on Wednesday it secured $250 million through its Series D funding round, which was led by CapitalG, Alphabet’s independent growth fund, with participation from FinTLV, a global insurtech VC, and existing investor Munich RE… Read More

September 22, 2020 @ 9:38 am By JD Alois  |  

  EasySend, a company that wants to help insurance companies, banks, and other financial services firms better develop their tech stack with an “AI-powered no-code platform,” has raised $16 million. The Tel Aviv based company reports that the Series A funding was led by Hanaco… Read More

September 18, 2020 @ 11:17 pm By Samantha Hurst  |  

  ACKO, a India-based insurtech startup, announced this week it secured $60 million through its latest funding round, which was led by Munich Re Ventures. Founded in 2016, ACKO claims it is India’s first and fastest-growing InsurTech company which makes buying and using insurance effortlessly…. Read More

September 18, 2020 @ 9:27 am By Samantha Hurst  |  

Online financial advisor Betterment announced on Thursday it has formed a partnership with insurtech company Sure to provide cell phone insurance to Betterment Checking users, offering coverage for phone damage or theft. The offering is notably available to any Betterment Checking user that pays their monthly cell bill… Read More

September 17, 2020 @ 10:47 pm By Omar Faridi  |  

Insurance technology (Insurtech) has been evolving rapidly since the past few years. The COVID-19 outbreak has forced the sector to take a serious look at how it communicates with other industry professionals. A new Insurtech report questions and looks into whether agents can work effectively… Read More

September 17, 2020 @ 9:12 am By Samantha Hurst  |  

Policygenius, a U.S.-based online insurance marketplace, announced earlier this week it offering Lincoln TermAccel, which is a new life insurance product from Lincoln Financial Group. Policygenius claims that Lincoln TermAccel provides customers with a new way to access life insurance conveniently and quickly. PolicyGenius also… Read More

September 14, 2020 @ 10:00 am By JD Alois  |  

Insurtech Rnwl Crowdfunding for Growth Capital SyndicateRoom used to be one of the three top securities crowdfunding platforms in the UK. The Fintech has since morphed into an EIS fund that targets promising early-stage firms being backed by “super angels”. Co-founded by Gonçalo de Vasconcelos,… Read More

September 11, 2020 @ 10:30 am By Samantha Hurst  |  

Sunday, a Thailand-based insurtech startup, has reportedly raised $9 million through its Series B bridge investment round. According to KrAsia, the investment round was led by SCB 10X, the venture capital arm of the Siam Commercial Bank PCL (SCB), with participation from Vertex Ventures Southeast… Read More

September 9, 2020 @ 3:31 pm By Samantha Hurst  |  

  Policygenius, a U.S.-based online insurance marketplace, announced on Wednesday the launch of the Policygenius Life Insurance Price Index, which displays average monthly life insurance rates using current data from leading life insurance carriers. Policygenius revealed that the index launches in tandem with Life Insurance Awareness… Read More

September 8, 2020 @ 11:28 pm By Omar Faridi  |  

Chinese insurance giant Ping An recently pointed out that Fintech has the potential to enhance operational efficiency by reducing business costs and lowering certain risks in the financial services sector. Supporting SMEs is one way more established institutions can enable digital transformation across the financial… Read More

August 30, 2020 @ 10:58 pm By Samantha Hurst  |  

  U.S. insurtech startup Hippo Insurance recently announced it launched in the state of Delaware. Founded in 2015, Hippo describes itself as a home insurance company that’s changing the way people safeguard their most important asset. “We’ve reimagined the traditional homeowners insurance policy, removed things that… Read More

August 18, 2020 @ 3:37 pm By Samantha Hurst  |  

Claimsforce, a Germany-based insurtech startup, reportedly secured €7 million through its Series A investment round, which was led by Notion Capital. According to Verdict, the round saw participation from Fly Ventures, Point Nine, and La Famiglia. Claimsforce explained it is on a mission to create… Read More

August 14, 2020 @ 2:19 pm By Samantha Hurst  |  

U.S. insurtech startup Kin Insurance announced on Thursday it secured $35 million through its Series B investment round, which was led by  Commerce Ventures with participation from Hudson Structured Capital Management Ltd. (doing its reinsurance business as HSCM Bermuda), Flourish Ventures, QED, Alpha Edison, Allegis… Read More