Insurtech

January 6, 2020 @ 10:14 am By Omar Faridi  |  

Solidarity Bahrain, one of Bahrain’s largest insurance service providers and a subsidiary of Solidarity Group Holding, has reportedly launched its newly developed core insurance system, TCS BaNCS. The TCS BaNCS insurance platform is part of the foundation of Solidarity’s digital transformation plan and has been… Read More

January 5, 2020 @ 2:33 pm By Omar Faridi  |  

Boston-headquartered Corvus Insurance, a company that offers artificial intelligence (AI)-enhanced cyber insurance policies for firms, has sold shares worth around $31 million in a $33 million investment round, a US Securities and Exchange (SEC) filing confirmed. Corvus Insurance, which is notably one of BostInno’s 50… Read More

January 3, 2020 @ 7:33 am By Omar Faridi  |  

The insurance technology (Insurtech) vendors aim to provide software that should simplify the decision-making process for clients. North America is reportedly experiencing the highest rate of Insurtech adoption because of how much customers in the area are spending on insurance-related products (according to a new… Read More

December 30, 2019 @ 11:17 am By Samantha Hurst  |  

UK-based insurtech Wrisk recently announced it has partnered with BMW Group Financial Services to offer MINI Flex Car Insurance. Wrisk reported that now all new MINIs will be sold with three months’ free insurance to eligible car buyers in the UK through the insurance product,… Read More

December 29, 2019 @ 10:26 pm By Samantha Hurst  |  

Jooycar, a Chilean insurtech that is seeking to disrupt the auto insurance and telematics space in Latin America, is reportedly set to launch in the U.S. this upcoming year. According to Contxto, Jooycar is looking to expand its customized car insurance service to the U.S…. Read More

December 26, 2019 @ 10:06 pm By Samantha Hurst  |  

Insurtech startup Hippo Insurance recently announced it has formed a new partnership with Home Point Financial, a national mortgage originator and servicer. Hippo reported that with its online application process integrated directly into the Home Point online mortgage platform, customers may now take advantage of… Read More

December 22, 2019 @ 5:01 pm By Omar Faridi  |  

Fintech startups Spendesk, Wynd, and Lunchr conducted some of the largest fundraising rounds in France in 2019. A study by “Observatoire de la Fintech” reveals that these financial technology companies secured a total of $700 million (appr. €625 million) in capital. Mikaël Ptachek, head of… Read More

December 21, 2019 @ 11:03 pm By Omar Faridi  |  

Volvo Financial Services (VFS), the global finance division of automobile manufacturing giant Volvo, has made an investment in REIN, an insurance technology (Insurtech) firm. REIN has created a configurable platform that lets insurance carriers build and deploy their own programs and solutions. This allows them… Read More

December 20, 2019 @ 3:24 pm By Samantha Hurst  |  

Less than two years after securing £829,370 through its previous equity crowdfunding campaign on Crowdcube, UK-based insurtech Honcho has returned to the funding platform to raise an additional £700,000 in funding. The company is offering 9.21% in equity at a £6,899,999 pre-money valuation.  As previously… Read More

December 19, 2019 @ 10:56 pm By Samantha Hurst  |  

Found, a UK-based insurtech, is now seeking 250,000 through its equity crowdfunding round, which was launched on Seedrs. Founded in 2017, Found describes itself as an innovative, community-focused, technology-driven lost property management start-up with an exciting insurtech​ offering. “By reuniting the public with their lost… Read More

December 19, 2019 @ 7:57 am By Omar Faridi  |  

Gurugram, India-based insurance technology (Insurtech) firm Toffee Insurance revealed on December 17 that it had secured $5.5 million via a Series A investment round led by IVM Intersurer, Omidyar Network, Flourish Ventures, Accion Venture Lab and Kalaari Capital. Toffee says it will use the capital… Read More

December 18, 2019 @ 2:45 pm By Samantha Hurst  |  

Hourly, a U.S.-based insurtech/fintech that simplifies workers’ comp insurance, payroll and time tracking for small business owners, announced on Wednesday it secured $7.15 million through its latest seed funding round, which was led by Aya Peterburg and Haim Sadger of S Capital, with participation from Inovia Capital, J-Angels and… Read More

December 18, 2019 @ 8:28 am By Omar Faridi  |  

Coverhero, an Australia-based insurance technology (Insurtech) provider, revealed on December 17 that the launch of its first product, Hustle Cover, an “instant” and customizable income protection insurance product developed specifically for gig economy professionals. There are reportedly over 1.5 million Australian residents that are now… Read More

December 17, 2019 @ 11:00 am By Xu Gao  |  

Winners of 2019 Global Fintech Venture Competition Announced On December 15th, the award ceremony of 2019 Global Fintech Venture Competition (hereinafter referred to as the “Competition”) was held at Tsinghua University. With the guidance of Tsinghua IFR and support from Haidian District People’s Government of… Read More

December 17, 2019 @ 10:15 am By Omar Faridi  |  

Life insurance provider Sproutt Insurance recently revealed that it has launched and acquired $12 million in funding via a Series A round from State of Mind Ventures (SMOV), Moneta Capital, and Guardian Life. Sproutt says it aims to do what many of today’s life insurance… Read More

December 16, 2019 @ 4:03 pm By Samantha Hurst  |  

Cover Whale, a U.S.-based insurtech general agent, announced last week it has launched its new commercial truck insurance platform, BigRigInsure. According to Cover Whale, the platform provides a solution for Truck Insurance Quotes.  Founded earlier this year, Cover Whale has access to U.S.-based carriers with… Read More

December 13, 2019 @ 8:03 am By Omar Faridi  |  

Thailand’s “full-stack” Insurtech Sunday recently revealed that it has secured an additional $11 million extension to its Series A round, which is led by Quona Capital, a Fintech VC firm whose funds are supported by Accion, along with contributions from existing investors such as Vertex…. Read More

December 12, 2019 @ 9:32 pm By Omar Faridi  |  

The New Zealand Automobile Association (AA New Zealand) is teaming up with insurance technology (Insurtech) firm Greater Than in order to make driving a lot safer. The partnership will reportedly involve the use of the insurtech company’s artificial intelligence (AI) software Enerfy to offer “real-time… Read More

December 12, 2019 @ 7:48 am By JD Alois  |  

There are a few true trailblazers in the investment crowdfunding sector and Gonçalo de Vasconcelos is one of them. The co-founder and long-time CEO of SyndicateRoom, “retired” from his leadership role in July of this year. During his tenure, de Vasconcelos had taken SyndicateRoom from… Read More

December 12, 2019 @ 6:31 am By Omar Faridi  |  

Berlin headquartered Wefox Group, an Insurtech firm that has developed the consumer-facing insurance app and carrier One and Wefox, an insurance platform, has secured $110 million via a recent Series B round according to a company release. The additional funding has doubled Wefox’x Series B… Read More