Insurtech

September 17, 2019 @ 2:26 pm By Samantha Hurst  |  

Broker Buddha, a U.S.-based insurtech platform, announced on Tuesday it secured $4.5 million through its latest investment round, which was invested by Vertex Ventures. Founded in 2017, Broker Buddha explained it is transforming the application and renewal process to make insurance agencies more efficient and… Read More

September 16, 2019 @ 12:12 pm By JD Alois  |  

Insurtech Dinghy was recently recognized as the “most disruptive insurance business in the UK” at the recent Disruption Summit Europe. Dinghy was also said to be the 26th most disruptive overall. The Summit was hosted in London on the 10th September with the final rankings… Read More

September 16, 2019 @ 7:49 am By JD Alois  |  

Travel insurance has a bad rap. Claims too frequently are denied and if they pay out it may take weeks to receive any remuneration for a trip gone bad. Insurtech Pluto is seeking to address this sector of the insurance market with an app-based service… Read More

September 14, 2019 @ 6:25 pm By Xu Gao  |  

The National Internet Finance Association of China Requires Members to Disclose Annualized Lending Costs This week, the National Internet Finance Association of China (NIFA) issued a notice to member institutions about annualized lending costs disclosure and industry discipline. According to the notice, some online lending… Read More

September 11, 2019 @ 7:42 am By Samantha Hurst  |  

OneConnect Financial Technology Co. Ltd. (OneConnect), an associate company of China’s insurance giant Ping An Group, announced on Wednesday it has signed a memorandum of understanding (MoU) with insurer Asuransi Sinarmas, a unit of Sinarmas. OneConnect reported that through the MoU it will enable Asuransi Sinarmas to… Read More

September 10, 2019 @ 7:54 am By JD Alois  |  

Starling Bank, a digital-only challenger bank, has added two new partners to its marketplace feature. According to a note from the bank, Starling is now offering access to SME Insurtech Digital Risks and cybersecurity platform CyberSmart. Both services are available to customers of Starling Bank… Read More

September 8, 2019 @ 10:20 pm By Samantha Hurst  |  

Blink, part of Leeds headquartered CPP Group Plc, recently announced it has teamed up with Canadian travel insurance group Manulife to support the roll-out of real-time insurance services. CPP claimed that since its inception in 2016, Blink has quickly established itself as one of the most… Read More

September 7, 2019 @ 8:33 am By Xu Gao  |  

China to Include P2P lending Industry into Credit System On September 2nd, the special working group for Fintech risk ratification and special working group for online lending administration jointly issued a notice, requiring all p2p lending institutions to be connected to the credit system established… Read More

September 5, 2019 @ 8:26 am By Samantha Hurst  |  

UK-based insurtech AkinovA announced on Thursday it is teaming up with OpenFin to adopt OpenFin’s services for the deployment of its trading platform for the risk transfer value chain. According to AkinovA, the integration will allow users to access the AkinovA marketplace with an interface… Read More

August 31, 2019 @ 12:23 pm By Xu Gao  |  

China Construction Bank Approves to Launch Digital Banking Business in Malaysia On August 26th, China Construction Bank Co., Ltd. Labuan Branch announced that it had received regulatory approval from Labuan Financial Services Authority to conduct digital banking business. According to the statement, it would become… Read More

August 28, 2019 @ 3:42 pm By Samantha Hurst  |  

U.S. insurtech startup Kin Insurance announced on Wednesday it secured $47 million through its latest investment round. According to Kin, the funds will be used to launch its Kin Interinsurance Network, a Florida home insurance carrier. Founded in 2016, Kin describes itself as insurtech startup… Read More

August 28, 2019 @ 1:48 pm By JD Alois  |  

Insurtech Inshur has added $1.5 million to its Series A round. According to a note from the company, Viola FinTech, a cross-stage VC fund that invests in global Fintech companies provided the additional capital. As Crowdfund Insider reported earlier this year, Inshur raised approximately $7… Read More

August 27, 2019 @ 6:00 pm By JD Alois  |  

Assurely is a unique Insurtech platform that is first targeting online capital formation platforms to provide a new level of confidence for the issuance of securities be they traditional or digital. The company was co-founded by two established entrepreneurs, CEO David Carpentier and Chief Insurance… Read More

August 27, 2019 @ 12:30 pm By Samantha Hurst  |  

Insurtech company Ethos announced on Tuesday it secured $60 million through its Series C funding round, which was led by GV (formerly Google Ventures) with participation from Goldman Sachs. The funding comes less than a year after Ethos raised $35 million through its Series B… Read More

August 26, 2019 @ 3:19 pm By Samantha Hurst  |  

Axinan, a Singapore-based insurtech firm, announced last week it secured a combined General and Reinsurance license from Labuan Financial Services Authority. Founded in 2016, Axinan reportedly provides digital insurance for the internet economy. “Leveraging big data, actuarial risk management and machine-learning, we create products that… Read More

August 26, 2019 @ 8:20 am By JD Alois  |  

ZhongAn Online (6060:HK), a Honk Kong-listed Insurtech, has reported a profit for the first 6 months of 2019 – the first time in the company’s history, according to a company release. As of 30 June 2019, ZhongAn Online said it provided services to 348 million… Read More

August 24, 2019 @ 12:00 pm By Xu Gao  |  

People’s Bank of China issues “Fintech Development Plan (2019-2021)” On August 22nd, the People’s Bank of China issued a three-year development plan for the country’s emerging Fintech industry. According to the plan, China will improve the top-down design of the Fintech industry, further boost the… Read More

August 23, 2019 @ 8:16 am By Samantha Hurst  |  

CareVoice, a China-based insurtech startup, announced earlier this week it secured eight figures during its Series A investment round, which was led by LUN Partners Group with participation from DNA Capital, SOSV, and Artesian Capital. Founded in 2014, CareVoice states it provides a mobile-based data-driven… Read More

August 21, 2019 @ 8:28 am By JD Alois  |  

Several weeks ago, the co-founder of crowdfunding platform SyndicateRoom and past CEO Gonçalo de Vasconcelos announced his departure from the company. At the time, de Vasconcelos indicated his interest in pursuing another startup. He remains a non-executive director of SyndicateRoom so he is still engaged… Read More

August 16, 2019 @ 2:01 pm By Samantha Hurst  |  

Arch Insurance North America announced earlier this week it has entered into a definitive agreement to acquire Ventus Risk Management, a technology and analytics-driven managing general underwriter (MGU) that specializes in providing coastal commercial property insurance solutions to small and mid-sized enterprises. Arch claims that… Read More