Insurtech

October 17, 2018 @ 2:00 pm By Dan Rice  |  

On October 2-3, 2018 Oliver Wyman, a global management consulting firm, presented Insuretech Connect at the MGM Grand in Las Vegas, Nevada. The event was promoted as the largest annual insurtech event in the world, this year boasting over 6000 registered guests and over 250… Read More

October 17, 2018 @ 1:36 pm By Samantha Hurst  |  

Ping An Insurance Group announced on Wednesday it has done a full update of its Ping An Cloud. The company reported the Cloud is entering a new phase of offering cloud services to external customers. As previously reported, Ping An is considered one of the largest… Read More

October 16, 2018 @ 10:28 pm By JD Alois  |  

Ping An Insurance Group held an investor day in Shenzen this week. Ping An is one of the largest financial companies in the world. The firm boasts 179 million customers along with 485 million internet users. The company trades on both the Hong Kong and… Read More

October 16, 2018 @ 2:06 pm By Samantha Hurst  |  

U.S. based private equity and operating firm HCS Capital announced on Tuesday it invested $3 million in Jooycar, a Chilean insurtech that is seeking to disrupt the auto insurance and telematics space in Latin America. HSC Capital reported that the insurtech investment marks the most recent… Read More

October 12, 2018 @ 11:01 pm By Samantha Hurst  |  

Insurtech startup Jumpstart announces the official launch of an innovative type of natural disaster insurance in California, initially for earthquakes. Founded in 2015, Jumpstart stated its technology-driven, index-based approach delivers instant signup, affordable coverage, and automatic payout. “Starting with the earthquake risk in California, our first-of-its-kind policy… Read More

October 12, 2018 @ 10:49 pm By Samantha Hurst  |  

Cover, a U.S.-based mobile insurtech company and Y Combinator alum, announced last week it secured $16 million through Series B funding round, which was led by Tribe Capital with participationfrom Samsung, Y Combinator, Exor and Social Capital. Founded in 2016, Cover’s primary product is a… Read More

October 10, 2018 @ 3:37 pm By Samantha Hurst  |  

U.S. insurtech Fabric announced last week it has launched a new digital sharing feature, Trusted Contacts, for its life insurance policies Founded in 2015, Fabric now offers a digital insurance-buying experience that it claims to be fast, affordable, and easy. “Our goal is to help… Read More

October 10, 2018 @ 3:21 pm By Samantha Hurst  |  

Insuresoft, a digital insurance platform provider for property and casualty insurers, announced last week it has formed a partnership with SPLICE Software, which specializes in using big and small data and voice technologies to drive customer engagement. The duo has reportedly teamed up to provide Insuresoft’s… Read More

October 10, 2018 @ 9:34 am By Samantha Hurst  |  

U.S. insurtech Haven Life announced at InsureTech Connect 2018 it is increasing its maximum coverage amount to $3 million. According to the insurance brand, this increase in face amount from $2 million to $3 million is a strategic move to better serve customers who are coming to Haven Life to secure affordable,… Read More

October 8, 2018 @ 7:10 pm By JD Alois  |  

Challenger bank Starling Bank is now offering on demand insurance for your smartphone. According to Starling, users may purchase insurance from so-sure via the Starling app marketplace. Insurtech so-sure is said to offer fast, reliable and simple mobile phone insurance in a market that is… Read More

October 7, 2018 @ 9:20 pm By Samantha Hurst  |  

Plug and Play Insurtech announced earlier this week 17 startups will join Batch One of “Insurtech Europe powered by Plug and Play,” which is described as a platform that formally launched on November 14, 2017, by Plug and Play Insurtech and Insurtech Hub Munich. The corporate partners… Read More

October 4, 2018 @ 12:00 pm By Samantha Hurst  |  

Credit Karma announced earlier this week it is now offering car insurance in Texas and California. Credit Karma’s members in those states are now able to see what they could be paying for auto insurance based on what members like them are paying for the same coverage…. Read More

October 2, 2018 @ 2:05 pm By Samantha Hurst  |  

German insurtech Simplesurance has reportedly secured $11.5 million investment from multinational insurance company TMHD and  Franco-German financial group ODDO BHF. This news comes just a few months after Simplesurance raised $24 million during its Series C funding round, which was led by Allianz X.  As previously reported, Simplesurance was founded in… Read More

September 30, 2018 @ 1:27 pm By Samantha Hurst  |  

Global accelerator program Plug and Play announced last week it has selected 158 startups to participate in its Winter 2018 batches. According to Plug and Play, the selected startups will take part in one of the following programs: Energy & Sustainability, Enterprise 2.0, Health, Insurtech,… Read More

September 29, 2018 @ 11:18 am By Xu Gao  |  

Bitcoin Mining Giant Bitmain Goes Public in Hong Kong On September 26th, Bitmain, a Beijing-based Bitcoin mining giant, finally disclosed its IPO prospectus to be listed on the Hong Kong Stock Exchange. CICC will serve as the sole sponsor. According to the prospectus, Bitmain’s net… Read More

September 26, 2018 @ 10:41 am By JD Alois  |  

Ireland is getting more serious about Fintech innovation. Announced late last week, the Irish government has partnered with ADAPT Centre for Digital Content Technology, commencing a new research program: Fintech Fusion. The program will be headquartered at Trinity College Dublin and will initially run for four… Read More

September 24, 2018 @ 10:50 am By JD Alois  |  

Socotra has raised $5.5 million in a Series A funding round bringing total raised for to date to $12.8 million for the Insurtech startup. 8VC led the funding round with 8VC founding partner, Joe Lonsdale joining the Socotra board. Previous investors in Socotro include Founders… Read More

September 20, 2018 @ 7:06 am By Samantha Hurst  |  

Plug and Play announced earlier this week the first batch of startups selected for its multi-corporate Fintech and Insurtech program in Singapore. The accelerator reported it screened over more than applicants for the program. While sharing more details, Kayvon Deldar, Program Head of Plug and Play… Read More

September 15, 2018 @ 7:00 pm By Xu Gao  |  

Beijing Launches Internet Court, Accepting and Hearing Cases of Online Lending On September 9, Beijing unveiled its Internet court. The court, located in Fengtai District, mainly accepts cases regarding the Internet and intellectual property rights, including disputes caused by online loans, online shopping contracts, and… Read More

September 14, 2018 @ 11:28 am By Samantha Hurst  |  

Insurtech startup Hippo Insurance announced this week it has formed a partnership with zesty.ai, an Artificial Intelligence (AI) enabled risk analytics platform for Property and Casualty insurance. Through the new partnership, Hippo is now able to leverage computer vision technology and property attributes zesty.ai offers into its data-driven… Read More