Insurtech

May 22, 2019 @ 7:50 am By JD Alois  |  

Voom is poised to provide on-demand insurance following the completion of a $5 million Series A funding round, according to a note from the company. Voom, a Tel Aviv based startup, received the capital injection from Arbor Ventures with participation from returning investors F2 Capital,… Read More

May 18, 2019 @ 11:30 am By JD Alois  |  

The Certua Group, a deep data company targeting financial services, has acquired Insurtech the Surely Group. Surely provides a cloud-based, multi-lingual and multi-currency Software-as-a-Service (SaaS) product that allows a user to obtain a quote for an insurance product, buy the product and manage the product… Read More

May 7, 2019 @ 9:49 pm By JD Alois  |  

QEDIT, a provider of zero knowledge proof blockchain, has announced a new partnership with Ant Financial, VMWare and RGAX – a subsidiary of the Reinsurance Group of America. The announcement follows a significant $10 funding round led by MizMaa Ventures with participation from Ant Financial,… Read More

May 2, 2019 @ 9:40 pm By Samantha Hurst  |  

Indio Technologies, a California-based insurtech platform for brokers, announced on Thursday it secured $20 million through its Series B funding round, which was led by Menlo Ventures with participation from 8VC.  As previously reported, Indio was founded in 2016 and describes itself as a technology… Read More

April 29, 2019 @ 11:14 am By JD Alois  |  

Legaltech LawCloud has formed a new partnership with Insurtech Assurely to provide discounted insurance for the securities crowdfunding and online capital raising industries, according to a note from the two firms. Users of LawCloud’s iDisclose service will now receive a credit on the “CrowdProtector” insurance… Read More

April 28, 2019 @ 9:02 am By Xu Gao  |  

China Requires P2P Platform Executives Not to Leave Beijing during Administrative Review On April 25th, Internet Finance Association of Chaoyang District issued an announcement about the recently launched P2P platform administrative review. According to the document, from the date of the announcement to May 31st,… Read More

April 23, 2019 @ 11:53 am By Samantha Hurst  |  

Global innovation platform Plug and Play has formed a new partnership with national employee benefits provider Trustmark. Trustmark notably serves organizations of all sizes, with a strategic focus on providing middle-market employers with products, services, and capabilities usually reserved for large employers. According to Kevin… Read More

April 20, 2019 @ 3:00 pm By Xu Gao  |  

PBC to launch the second-generation credit rating system The People’s Bank of China (PBC) is going to launch the second-generation credit rating system from May 2019. PBC will start using the new system for inquiry purpose, with the two systems running concurrently. After data uploaded… Read More

April 17, 2019 @ 2:45 pm By Samantha Hurst  |  

Online lending platform SoFi announced on Monday it has formed two partnerships with insurtechs Lemonade and Root to expand its portfolio of offerings to its members to include homeowners and renters insurance. SoFi reported that the partnerships round out its insurance offerings, giving members access… Read More

April 17, 2019 @ 2:34 pm By Samantha Hurst  |  

MetLife Korea announced on Wednesday the seven finalists selected for its open innovation program, collab 5.0. The program is looking for insurtech companies globally to scale their business with MetLife while solving some of the insurer’s biggest innovation challenges across its Korean business. According to… Read More

April 12, 2019 @ 9:30 am By Samantha Hurst  |  

Zurich Insurance Group (VTX:ZURN), one of the largest global insurance companies, and CoverWallet, the tech company that is the easiest way to understand, buy, and manage business insurance online, announced earlier this week they have teamed up to launch an online platform for SME insurance in… Read More

April 11, 2019 @ 1:46 pm By Samantha Hurst  |  

Lively, a U.S.-based insurtech, announced on Thursday the launch of its new iOS mobile app, which offers more accessibility to customers’ health saving accounts (HSAs). Founded in 2016, Lively describes itself as a “modern” HSA platform for employers and individuals. The company explained that its… Read More

April 11, 2019 @ 12:58 pm By JD Alois  |  

Insurtech Lemonade has raised more money. The company revealed today that it has raised $300 million in a round led by SoftBank. The round included the participation of several well-known investors including leading crowdfunding platform OurCrowd, a company that has long held Lemonade in its… Read More

April 9, 2019 @ 3:55 pm By Samantha Hurst  |  

UK-based insurtech Wrisk has successfully secured £750,000 through its third equity crowdfunding campaign on Seedrs. The funding round was launched less than a year after the startup raised £1 million through its second Seedrs initiative. Wrisk is aiming to shake up the antiquated insurance industry… Read More

April 7, 2019 @ 9:23 pm By Samantha Hurst  |  

 Plug and Play announced today the 150 startups participating in their Summer 2019 accelerator batches. Entrepreneurs from each startup will take part in one of the following programs, which are Enterprise 2.0, Health, Insurtech, Internet of Things, Mobility, Real Estate & Construction, and Travel &… Read More

April 2, 2019 @ 8:31 am By Samantha Hurst  |  

Sayata Labs, an Israel startup that is developing an AI software-as-a-service (SaaS) solution that empowers insurance brokers to assess businesses’ cyber risk, announced last week it secured $6.5  million through its latest seed funding round, which was led by Elron.  The company claims it offers “best-in-class” cyber… Read More

March 29, 2019 @ 9:30 pm By Samantha Hurst  |  

Less than a year after raising £1 million through its second Seedrs campaign, insurtech startup Wrisk has returned to the equity crowdfunding platform, now seeking an additional £750,000.  As previously reported, the insurtech is seeking to shake up the antiquated insurance industry with their smartphone… Read More

March 28, 2019 @ 9:46 pm By Samantha Hurst  |  

Finaeo, a Canada-based insurtech startup focused on the life insurance marketplace, announced this week it secured $5.35 million through its latest investment round, which was led by Luge Capital. Founded in 2016, Finaeo’s vision is to become the digital fabric that connects and powers the… Read More

March 22, 2019 @ 8:27 pm By Samantha Hurst  |  

Borgun, a European payment processor and merchant acquirer, announced earlier this week it has signed an agreement with the fintech and insurtech company novae to support its digital transformation. Borgun reported that it and novae are aiming to co-create solutions in a digital capability framework… Read More

March 21, 2019 @ 9:39 pm By Samantha Hurst  |  

Saphron, an insurtech based in the Philippines, has reportedly secured S$1.4 million through its seed funding round, which was led by Sage and Talino Labs. Saphron revealed it was built out of its “bold ambition” to make insurance radically accessible through powerful and seamless technology…. Read More