Insurtech

January 31, 2019 @ 8:47 pm By Samantha Hurst  |  

Zurich Insurance Group announced on Thursday it has named Zesty.ai the winner of its global insurtech competition, Zurich Innovation World Championship. According to Zurich, Zesty.ai was selected for its work using artificial intelligence to revolutionize risk underwriting and customer experience for Property and Casualty insurance…. Read More

January 31, 2019 @ 8:02 am By Erin Hobey  |  

The social crypto trading platform Blockport plans to launch a multi-stage security token offering (STO) starting in March 2019, with the goal to raise at least 15 million EUR for company expansion. STO Funds are earmarked for establishing operations in the U.S. and other countries,… Read More

January 27, 2019 @ 1:37 pm By Samantha Hurst  |  

Root Insurance, an Ohio-based car insurtech company, announced last week plans for continued expansion into additional states in 2019, with a goal to expand its services nationwide by 2020. As previously reported, Root was founded in 2015 and describes itself as a full-stack automobile insurance company founded on the… Read More

January 27, 2019 @ 1:31 pm By Samantha Hurst  |  

Insurance and protection-as-a-service company, Setoo, announced last week it has formed a new partnership with Invia Flights Germany GmbH, an Invia Group company, to independently design and distribute new types of insurance products that are personalized, transparent, and offer immediate compensation with no claim process required, Setoo reported that… Read More

January 18, 2019 @ 9:22 am By Samantha Hurst  |  

Chinese peer-to-peer lending platform Hexindai (NASDAQ: HX) announced on Friday it signed a cooperation agreement with Shanxi Zhengxuan Finance Guarantee Co., Ltd., which reportedly is controlled by the State-owned Assets Supervision and Administration Commission of the State Council (SASAC), to provide investors on its platform with insurance coverage that… Read More

January 16, 2019 @ 3:10 pm By Samantha Hurst  |  

MetLife, Inc. (NYSE: MET) announced that applications are now open for the second MetLife Digital Accelerator powered by Techstars. The insurance giant revealed that the MetLife Digital Accelerator identifies and mentors startups around the globe that are developing transformational capabilities and potentially industry-disrupting technologies in… Read More

January 15, 2019 @ 8:50 pm By JD Alois  |  

ZhongAn Online P&C Insurance Co., Ltd. (HKEX stock code: 6060), the first internet-based insurer in China, has partnered with Grab Holdings – an “online to offline” mobile platform serving Southeast Asia. The two firms have formed a joint venture to create and launch a “digital… Read More

January 13, 2019 @ 10:09 pm By Samantha Hurst  |  

Ping An Insurance Company of China, Ltd. (HKEx: 2318; SSE: 601318) announced over the weekend that the Ping An Global Voyager Fund has invested in AI medical solution company Airdoc during its B+ round of funding. Ping An reported it has led the round along with… Read More

January 12, 2019 @ 9:02 pm By Xu Gao  |  

Tsinghua PBCSF Releases “2018 Global Insurtech Report by Subsector” Early this month, the China Insurance and Pension Research Center of the National Finance Research Institute of Tsinghua University released the “2018 Global Insurtech Report by Subsector“. The report provides case studies of Insurtech companies in… Read More

January 9, 2019 @ 8:22 am By JD Alois  |  

The Cambridge Centre for Alternative Finance (CCAF) at the University of Cambridge Judge Business School,  Asian Development Bank Institute and FinTechSpace have formed a partnership to launch the ASEAN Fintech Industry Survey – the first study of its kind. According to CCAF, the research will focus… Read More

January 8, 2019 @ 11:24 am By Samantha Hurst  |  

Dinghy, a UK-based insurtech platform specifically for freelancers, has been acquired from UK insurer Kingsbridge. This news comes just one year after Dinghy secured $1.2 million during its seed funding round led by Balderton Capital. As previously reported, Dinghy was founded in 2017 by co-founders Ben Wilks, Robert… Read More

January 2, 2019 @ 11:06 am By Timothy Li  |  

As we head into a market correction, 2019 and beyond will be very interesting for the evolving Fintech industry. This sector of finance saw significant M&A activity and massive fundraising during the 2nd half of 2018 and I predict that we will see more of… Read More

December 31, 2018 @ 8:12 am By Samantha Hurst  |  

Aflac Incorporated (NYSE: AFL) announced on Monday it has made a $20 million minority equity investment in Singapore Life Pte. Ltd., a life insurtech company based in Singapore. The insurance giant also reported its operating subsidiary American Family Life Assurance Company of Columbus plans to enter into a reinsurance agreement on certain protection… Read More

December 22, 2018 @ 2:12 pm By Xu Gao  |  

Hong Kong Insurance Regulatory Authority Issues First Virtual Insurance License Under Fast Track On December 20th, Hong Kong Insurtech Bowtie announced that it has obtained the first virtual insurance company license issued by the Hong Kong Insurance Authority under Fast Track. Bowtie was founded by… Read More

December 21, 2018 @ 9:13 am By Samantha Hurst  |  

TicketGuardian, an insurtech startup that’s aiming to shake up the ‘no refunds’ standard of live events ticketing, announced this week it has secured $8 million through its Series A funding round, which was led by American Family Ventures and IA Capital Group. Founded in 2016, TicketGuardian is an… Read More

December 14, 2018 @ 3:27 pm By Samantha Hurst  |  

Slice Labs Inc., an on-demand insurance cloud platform provider, announced on Thursday the availability of Insurance Cloud Services (ICS) in the UK and EU. Slice reported that the first customer to use ICS in the UK is Legal & General with the launch of on-demand,… Read More

December 10, 2018 @ 9:08 am By JD Alois  |  

While insurance may not be considered a ‘sexy’  industry it is incredibly important (most people consume it) and absolutely enormous at an estimated $4.1 trillion of annual gross premiums paid. Innovations in the insurance sector may transform the industry to a degree far beyond what… Read More

December 8, 2018 @ 5:00 pm By Xu Gao  |  

Financial Authorities Ban STOs in Beijing On December 1st, at the 2018 Global Wealth Management Forum, Huo Xuewen, director of the Beijing Municipal Bureau of Financial Work, warned that STO activities in Beijing would be seen as illegal. He said: “A new concept called STO… Read More

December 5, 2018 @ 9:12 am By Samantha Hurst  |  

U.S.-based insurtech startup CoverWallet announced on Tuesday the launch of CoverWallet for Agents, which is described as a dedicated platform for insurance agents. According to CoverWallet, those using the new platform will benefit from a “fast, simple, and efficient” way to provide commercial insurance to… Read More

November 28, 2018 @ 6:57 am By Samantha Hurst  |  

Novae, a U.S.-based fintech and insurtech firm, announced on Wednesday it has teamed up with digital tech agency AAXIS to continue the growth and development of the capabilities of alle2020, a global, white-label B2B2C digital capability framework it launched in October. According to Novae, alle2020 uses… Read More