Insurtech

November 13, 2018 @ 4:16 pm By Samantha Hurst  |  

LAFISE Group (LAFISE), a Latin American financial services provider, announced on Tuesday it has selected fintech and insurtech company novae to support its digital transformation. The LAFISE Group reported that as a first step in the process, the Dominican Republic locations of the group’s retail bank chain, Banco LAFISE… Read More

November 10, 2018 @ 9:26 am By Xu Gao  |  

IFR of Tsinghua University Launches Global Fintech Venture Competition (2018) at the 5th World Internet Conference On November 8, the 2018 Global Fintech Venture Competition (hereinafter referred to as the “Competition”) was officially launched at the Fintech and Credit Society Construction Forum of the 5th… Read More

November 8, 2018 @ 11:46 am By JD Alois  |  

The “world’s first lifestyle insurance” firm, yulife, has raised £3 million. The funding round was led by LocalGlobe with participation from leading crowdfunding platform OurCrowd and AIG. yulife is scheduled to launch in the UK this week. yulife says it wants to make British companies… Read More

October 30, 2018 @ 4:26 pm By JD Alois  |  

Ping An announced Q3 earnings this week for the quarter ending on September 30th. The company reported an operating profit of the parent company of RMB 85,637 million (USD $12.3 Billion), up 19.5% year on year. Net profit attributable to shareholders of the parent company rose… Read More

October 30, 2018 @ 4:23 pm By Samantha Hurst  |  

Insurtech company Ethos announced on Tuesday it successfully raised $35 million through its Series B financing round, which was led by early and growth-stage venture capital firm, Accel with participation from Google Ventures (GV), previous investors Sequoia Capital and Arrive, a subsidiary of Roc Nation,… Read More

October 30, 2018 @ 5:00 am By JD Alois  |  

Insurtech omni:us has closed on a new funding round. The specific details of the funding were not reported but omni:us said that total funding to date now stands at $22.5 million. Crunchbase reports a seed round in 2016 of €4.2 million. The investment was led by… Read More

October 23, 2018 @ 7:59 am By Samantha Hurst  |  

Ping An Insurance Group announced on Tuesday that Ping An of China Asset Management (Hong Kong) Company Limited, (Ping An Asset Management (Hong Kong)), the wholly-owned subsidiary of the Group, has signed a Memorandum of Understanding (MOU) with Merian Global Investors (UK) Limited (Merian Global Investors), the… Read More

October 20, 2018 @ 9:41 am By Xu Gao  |  

Xiaomi Eyes Consumer Financing and B2B Lending in India Chinese smartphone giant Xiaomi plans to enter the consumer finance and business-to-business (B2B) loan market in India. Xiaomi has followed the Indian company law and established a non-bank financial institution “Xiaomi Financial Services India” to apply… Read More

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