Insurtech

March 10, 2020 @ 10:06 am By Samantha Hurst  |  

Zurich UK, a company that provides a suite of general insurance and life insurance products to retail and corporate customers, announced on Tuesday it is now working with U.S. data group Carpe Data to improve claims processing efficiency and fight fraud. Zurich UK reported that… Read More

March 10, 2020 @ 7:56 am By JD Alois  |  

Instanda, a customer and policy management platform for the insurance industry, has raised $19.5 million in a Series A fundraising round. According to the company, the funding round was led by Assembly Capital Partners the investment will support the firm’s international expansion in the United… Read More

March 8, 2020 @ 11:23 pm By Samantha Hurst  |  

Germany-based insurtech omni:us recently announced it secured $13 million through its Series A investment round, which was led by CommerzVentures with participation from Viola FinTech and Uniqa Ventures. The investment round notably comes just a few months after omni: us received a €1.6 million grant from… Read More

March 6, 2020 @ 9:44 pm By Samantha Hurst  |  

InsurTech NY, an insurtech community that is located in the New York metro area, announces the finalists of its 2020 InsurTech Competition. The organization reported that more than 200 startups applied to compete in a two-track competition, pitting early and growth-stage companies against each other, for over $300,000 in… Read More

March 6, 2020 @ 7:09 am By Omar Faridi  |  

Denmark-based Insurtech company Penni.io has reportedly secured €2 million in funding from three major Nordic region insurance industry participants. The firm is planning to use the capital raised to expand its operations across Europe and globally. Established in 2016, Penni.io aims to assist insurance companies,… Read More

March 3, 2020 @ 9:44 am By JD Alois  |  

No Snow, No Go Insurtech Setoo is now providing coverage for customers of Issta, the largest travel agency in Israel. In a “first of its kind” service, customers can now be protected against poor skiing conditions that can ruin winter holidays. Setoo is a “Protection… Read More

March 3, 2020 @ 8:39 am By Samantha Hurst  |  

Zego, a UK-based insurtech, announced on Tuesday it was granted its insurance broker license in France. Founded in 2016, Zego states it provides customers “top-of-the-range” custom products to explore the “full potential” of their entrepreneurial spirit. “Insurance hasn’t changed in more than a century. But… Read More

February 28, 2020 @ 8:15 am By JD Alois  |  

ClauseMatch, an Insurtech that was part of the inaugural Barclays accelerator programme, has integrated with Managing Agency Partners Limited (MAP), an underwriting agency in the Lloyd’s of London insurance market. According to a release, MAP is one of the first insurance companies in the UK… Read More

February 28, 2020 @ 7:49 am By Samantha Hurst  |  

Insurtech startup Pie Insurance recently announced it is planning to expands its services to small businesses in Alaska and Missouri. 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 began… Read More

February 27, 2020 @ 10:09 pm By Samantha Hurst  |  

Next Insurance, an Insurtech seeking to transform small business insurance, released its 2019 growth figures, which revealed that it hit $100 million gross written premium run rate. Founded in 2016, Next Insurance is on a mission to transform small business insurance with “simple, affordable” coverage… Read More

February 27, 2020 @ 12:38 pm By Xu Gao  |  

PBC Releases “Financial Distributed Ledgers Technology Security Specification” On February 5th, the People’s Bank of China has released the “Financial Distributed Ledgers Technology Security Specification” (JR / T 0184-2020). The document specifies the financial DLT security system, including basic hardware, basic software, cryptographic algorithms, node… Read More

February 26, 2020 @ 7:44 am By Samantha Hurst  |  

Digital Risks, a UK-based insurtech startup, announced on Wednesday it secured $10.4 million through its Series A funding round, which was led by DHL Holdings. Founded in 2015, Digital Risks claims to be a “new force” in the insurance industry by offering a flexible and… Read More

February 25, 2020 @ 3:45 pm By Samantha Hurst  |  

Bold Penguin, a U.S.-based commercial insurtech firm, recently announced it has added commercial auto insurance to its insurance platform. According to Bold Penguin, the new capability will allow business use auto insurance to be quoted with other insurance coverage in a bundle. Speaking about the… Read More

February 25, 2020 @ 2:47 pm By Samantha Hurst  |  

Blackboard Insurance, a NY-based insurtech platform, recently announced it has received the approval for its commercial insurance package in Virginia. According to Blackboard, the approval will bring capabilities to middle-market customers in 47 states and territories. Speaking about the approval, Seraina Macia, CEO of Blackboard,… Read More

February 25, 2020 @ 1:45 pm By Samantha Hurst  |  

Collective Benefits, a UK-based insurance platform for self-employed workers, has secured a total of 3.3 million through its seed funding round. Founded in 2019, Collective Benefits gives freelancers “the safety net” they deserve. “There are now 6 million self-employed workers in the UK and we… Read More

February 20, 2020 @ 11:07 pm By Samantha Hurst  |  

UK-based marine and automotive insurtech, Concirrus, announced earlier this week it secured $20 million through its Series B funding round, which was led by AlbionVC with participation from current investors IQ Capital, EOS Venture Partners, and several angel investors. Founded in 2012, Concirrus’ Quest platform provides behavioral data and… Read More

February 19, 2020 @ 9:24 am By Samantha Hurst  |  

Rokk3r (OTC: ROKK), a multinational company co-builder, announced on Tuesday its insurance-technology division, Rokk3r Insurtech, has formed a new partnership with insurance Software-as-a-Service provider Genasys to market the company’s services to new target markets. Rokk3r claims that Rokk3r Insurtech has the most complete and advanced… Read More

February 17, 2020 @ 11:51 pm By Omar Faridi  |  

Paris-headquartered Societe Generale, the third-largest bank in France and multinational financial services company, has invested €1.1 million in Mutumutu, a Czech online life assurance company that provides special discounts on premiums for people who maintain a healthy lifestyle. Founded in 2018, Mutumutu was established as… Read More

February 17, 2020 @ 7:32 am By Omar Faridi  |  

Approximately 80% of all Chinese banks will acquire and integrate Fintech solutions from the cloud market, according to International Data Corporation (IDC), a leading multinational market intelligence company.  China’s Fintech sector is known for quickly adopting a broad range of information technologies including cloud computing,… Read More

February 16, 2020 @ 10:51 pm By Samantha Hurst  |  

Boost Insurance recently announced it secured $14 million through its Series A funding round, which was led co-led by Coatue and Graycoft with participation from Tusk Venture Partners, Conversion Capital, and MetLife Chairman, Glenn Hubbard.  Existing investors Norwest Venture Partners and IA Capital Group also… Read More