Insurtech

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

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