Insurtech

August 6, 2019 @ 9:18 am By JD Alois  |  

ZhongAn Fintech Institute and KPMG China have joined together to publish a report, Insurtech: Infrastructure for New Insurance, on the fast emerging Insurtech marketplace. ZhongAn is an online-only Insurtech firm backed by some of the biggest names in China tech. ZhongAn trades on the Hong… Read More

August 1, 2019 @ 2:17 pm By JD Alois  |  

InsurTech Assurely has partnered with PrefLogic to advance the digital securities market. PrefLogic will integrate Assurely’s TigerMark insurance policy. This means that security token issuers will be protected from covered investor complaints and legal attacks while investors will have the ability to leverage the company’s… Read More

July 25, 2019 @ 11:02 pm By Samantha Hurst  |  

Scotiabank announced on Thursday it has formed a partnership with BNP Paribas Cardif, the insurance unit of BNP Paribas, as part of its efforts to bring more customer-centric solutions to its customers in the Pacific Alliance Countries. According to Scotiabank, the partnership involves the development… Read More

July 24, 2019 @ 11:20 am By Samantha Hurst  |  

Insurtech startup Hippo Insurance announced on Wednesday it secured $100 million Series D funding round led by Bond, a global technology investment firm founded by Mary Meeker, Mood Rowghani, Noah Knauf and Juliet de Baubigny. Hippo reported that since its launch in 2017, its “modern take”… Read More

July 22, 2019 @ 12:36 pm By Samantha Hurst  |  

Arturo, a deep-learning property analytics company incubated within American Family Insurance, recently announced it has formed a partnership with insurtech startup Hippo Insurance.  Arturo reported that its property analysis capabilities, which provides near-real-time physical property characteristics, now integrates with Hippo’s proprietary policy management system. “Arturo’s… Read More

July 18, 2019 @ 7:59 am By Samantha Hurst  |  

China Lending Corporation (NASDAQ: CLDC), a non-bank financial corporation servicing micro, small and medium-sized enterprises in China, announced earlier this week it has entered into a five-year strategic partnership agreement with Rui Xin Insurance Technology (Ningbo) Co., Ltd, a fintech company providing comprehensive insurance solutions…. Read More

July 18, 2019 @ 6:30 am By JD Alois  |  

ZhongAn Online P & C Insurance Co. Ltd. (6060:HK), a Chinese Insurtech backed by Alibaba founder Jack Ma and Tencent founder Pony Ma, has announced multiple changes to its executive leadership. ZhongAn went public in Hong Kong in 2017. At that time, it was Hong… Read More

July 17, 2019 @ 4:51 pm By Samantha Hurst  |  

Austria-based Insurtech startup bsurance announced this week it has named Fintech startup cashpresso, also from Austria, as a cooperation partner. Through the partnership, the digital insurance solution from bsurance will enable an automatic buyer protection for cashpresso. bsurance reported the insurance product is provided by… Read More

July 15, 2019 @ 2:12 pm By Samantha Hurst  |  

AkinovA, a UK-based insurtech, announced last week it is now seeking funds through its Series B investment round. Founded in 2017, AkinovA is building an electronic marketplace for the transfer and trading of (re)insurance risks. “By working in collaboration and partnership with the insurance industry,… Read More

July 15, 2019 @ 1:55 pm By Samantha Hurst  |  

MetLife announced on Monday the second class of nine companies selected to participate in the MetLife Digital Accelerator powered by Techstars. According to MetLife, the accelerator connects startups with MetLife leaders and Techstars mentors for an intensive 13-week program focused on fast-tracking technologies with the… Read More

July 15, 2019 @ 9:34 am By Samantha Hurst  |  

SafeCharge (AIM: SCH) announced last week it has formed a new partnership with Visa Direct, Visa’s real-time push payments platform, to help provide what it claims to be faster payouts for insurance-as-a-service company, Setoo. According to SafeCharge, Visa Direct enables businesses to push funds disbursements… Read More

July 13, 2019 @ 2:32 pm By Xu Gao  |  

China’s State Council Approves the Research and Development of CBDC At the launching ceremony and the first academic seminar of the Digital Finance Open Research Project held on July 8th, Wang Xin, director of the Research Bureau of the People’s Bank of China, revealed that… Read More

July 9, 2019 @ 8:20 am By JD Alois  |  

Lemonade, a fast-growing Insurtech focusing on homeowners and renters insurance, has raised $175 million according to a Form D filed with the Securities and Exchange Commission (SEC). The document indicates that Lemonade is seeking up to $300 million in equity capital. As it stands today,… Read More

July 4, 2019 @ 10:23 am By JD Alois  |  

The UK has been a hotbed of Fintech innovation for years now. The one-two punch of a creative financial services industry combined with a world-leading regulatory approach have joined to create a robust ecosystem of Fintech development. Of course, none of this would take place… Read More

July 1, 2019 @ 3:35 pm By Samantha Hurst  |  

Aon plc, a UK-based global professional services firm providing a broad range of risk, retirement and health solutions, announced on Monday it has partnered with Oxfam in Sri Lanka, the organization working to alleviate poverty; and Etherisc, the insurtech startup developing a protocol for decentralized insurance… Read More

July 1, 2019 @ 3:26 pm By Samantha Hurst  |  

Singapore Life, a Singapore-based insurtech startup, has reportedly received a $90 million investment from Sumitomo Life Insurance. Founded in 2014, Singapore Life describes itself as a life insurance company fully licensed by the Monetary Authority of Singapore that is built on the belief that “the… Read More

June 29, 2019 @ 8:31 am By Xu Gao  |  

PBC, CBIRC Unveil White Paper on Financial Services for Smaller Businesses To comprehensively sum up the new policies, new practices and new achievements on financial services for SMBs in 2018, and to better respond to social concerns, the PBC, in cooperation with the CBIRC and… Read More

June 26, 2019 @ 3:41 pm By JD Alois  |  

HM Treasury and the Financial Conduct Authority (FCA) recently organized a workshop on assisting low-income renters. Predicated on the fact that rental insurance has “very low take-up” amongst a lower demographic, Treasury and the FCA invited multiple firms to attend an “Access to Contents Insurance… Read More

June 26, 2019 @ 12:04 pm By Samantha Hurst  |  

Qover, a Belgium insurtech for digital businesses, recently announced it has raised €8 million through its latest funding round,  led by Alven and Portag3 Ventures with participation from Anthemis. Founded in 2016, Qover reported its insurance products insure nearly 50,000 individuals across eight European countries…. Read More

June 25, 2019 @ 12:51 pm By Samantha Hurst  |  

UK-based digital banking platform Starling Bank announced on Tuesday it has formed a new partnership with Direct Line Group to allow current account customers to apply for home insurance directly through Starling’s in-app marketplace. According to Starling, the partnership will enable customers to securely connect… Read More