Insurtech

December 10, 2019 @ 12:20 pm By Samantha Hurst  |  

Sensely, a U.S. startup that has created avatar and chatbot-based platforms to assist insurance plan members and patients with insurance services and healthcare resources, announced on Tuesday it has been selected for the next batch of Plug and Play’s Insurtech program in Japan. According to… Read More

December 6, 2019 @ 8:17 am By Omar Faridi  |  

SIMON Markets LLC revealed on December 5 that it will be expanding its online platform to help financial professionals in navigating the indexed annuities market. SIMON has teamed up with Prudential (NYSE: PRU) and aims to change the way that financial industry participants use annuities… Read More

December 5, 2019 @ 5:01 pm By Samantha Hurst  |  

Plug and Play Japan KK announced on Wednesday it has selected 94 startups in six verticals (IoT, Fintech, Insurtech, Mobility, Brand & Retail and Hardtech & Health ) with 36 large domestic corporate companies for the Winter/Spring 2020 Batch acceleration program, which will be carried out… Read More

December 5, 2019 @ 7:16 am By Omar Faridi  |  

Investments in the Insurtech industry have been increasing rapidly. They’ve grown from around $140 million in 2011 to about $4.9 billion as of 2018. QBE North America, an integrated specialist insurer that’s part of QBE Insurance Group Ltd, one of the world’s largest insurance providers,… Read More

December 4, 2019 @ 4:35 pm By Samantha Hurst  |  

Cuvva, an insurtech startup that is based in the UK, announced earlier this week it secured £15 million through its Series A funding round. Founded in 2015, Cuvva claims it is building a new kind of insurance that’s flexible, simple and jargon-free. The company noted… Read More

December 4, 2019 @ 4:24 pm By Samantha Hurst  |  

Trov, a U.S.-based insurtech company, announced on Tuesday it has launched a new white-label renters insurance application app with Lloyds Banking Group. This news comes just a few months after the duo teamed up to launch Trov’s insurtech platform.  Trov reported that its technology enables… Read More

December 4, 2019 @ 10:09 am By Samantha Hurst  |  

Starship, a health savings account provider for drivers, delivery persons and carriers who use the Uber app, announced on Wednesday it secured $11 million in total funding. This news comes just after the company raised the first $7 million through its Series A funding round,… Read More

December 2, 2019 @ 3:32 pm By Samantha Hurst  |  

Aon plc (NYSE: AON), a global professional services firm providing a broad range of risk, retirement and health solutions, recently announced it has entered into a definitive agreement to acquire CoverWallet, a digital insurance platform for small and medium-sized businesses. According to Aon, the acquisition… Read More

December 2, 2019 @ 2:47 pm By Samantha Hurst  |  

Openly, a U.S.-based tech-enabled home insurance provider, announced last week it secured $7.65 million through its latest seed funding round, which was led by Gradient Ventures, Google’s AI-focused venture fund. Founded in 2017, Openly claims it offers comprehensive homeowners insurance to help independent insurance agents… Read More

December 2, 2019 @ 9:54 am By Samantha Hurst  |  

Allianz Insurance announced on Monday it has formed a new partnership with on-demand insurtech startup Dinghy to provide business insurance to the freelance market. According to Dinghy the number of freelancers has increased and so has the diversity of the workforce. The insurtech explained that… Read More

November 30, 2019 @ 12:16 pm By Omar Faridi  |  

Allianz X, the digital investment division of the Allianz Group (a German multinational financial services company), and insurance firm Debeka recently invested in Insurtech SDA SE Open Industry Solutions, an open platform for developing digital ecosystems. Allianz X and Debeka, along with current investors SIGNAL… Read More

November 30, 2019 @ 8:49 am By Omar Faridi  |  

Insurtech firm Acko General Insurance Ltd has recently raised $36 million via an investment round led by Ascent Capital. This, according to Acko’s filings with the registrar of companies (RoC). The Mumbai-headquartered insurtech company acquired allotments of “10 equity shares of ₹10 (appr. $0.14) each… Read More

November 21, 2019 @ 11:57 am By JD Alois  |  

Insurtech Vouch has raised $45 million in a Series B funding round according to a release. The funding was led by Y Combinator Continuity. To date, Vouch has raised $70 million capturing the backing of many prominent VCs including Ribbit Capital, SVB Financial Group, Y… Read More

November 18, 2019 @ 2:34 pm By Omar Faridi  |  

In order to encourage the development of innovative solutions while supporting financial inclusion, banks and world governments are expected to increasingly adopt Fintech-based solutions next year. This, according to a recent report from Ecosystm, a “disruptive” technology research and advisory service. The report, titled “Ecosystm… Read More

November 16, 2019 @ 8:00 pm By Xu Gao  |  

Xiong’an to Launch “Financial Island” and Regulation Sandbox On November 13th, Zhu Zhongwen, deputy director of the Reform and Development Bureau of Xiong’an New Area Administrative Committee, revealed that a “Financial Island” of about 2.5 square kilometers would be built in the Xiong’an New Area… Read More

November 14, 2019 @ 9:44 am By Omar Faridi  |  

Ledger, the developer of security and infrastructure solutions for crypto-assets, announced on November 14 that it had acquired a crime insurance policy that covers digital assets. According to a press release shared with Crowdfund Insider, users’ assets will be secured by the Ledger Vault platform…. Read More

November 12, 2019 @ 7:51 am By JD Alois  |  

Zego, a UK based firm, has become the first UK Insurtech to receive an insurance license, according to a release from the company. Zego will now be able to build and sell its own insurance products. Zego, which raised $42 million this past June, has… Read More

November 10, 2019 @ 11:27 pm By Samantha Hurst  |  

Global insurtech company Cover Genius announced last week it secured $10 million through its Series B funding round, which was led by King River Capital with participation from Belfer Family, Jasper Tans, Regal Funds Management, and Marinya Capital. Founded in 2014, Cover Genius claims to… Read More

October 16, 2019 @ 2:25 pm By Samantha Hurst  |  

Dinghy, a UK-based insurtech platform specifically for freelancers, announced on Wednesday it has appointed Dorian Zanker as its new CEO. The company reported that the appointment is part of its strategy to accelerate its growth in the UK and international freelance business market. This news… Read More

October 15, 2019 @ 3:53 pm By Samantha Hurst  |  

Pluto, a UK-based insurtech focused on travel insurance, closed its equity crowdfunding campaign on Seedrs with a total of £643,974 raised. The campaign was launched last month and quickly raised its initial £200,000 funding target. The company offered 9.09% in equity at a £2,000,486 pre-money… Read More