Insurtech

July 27, 2018 @ 9:27 am By Samantha Hurst  |  

Groundspeed Analytics (Groundspeed), a leading insurance technology company specializing in artificial intelligence (AI) and data science solutions, announced on Thursday it secured $30 million through its Series B funding round, which was led by Oak HC/FT, a premier venture growth-equity fund investing in Healthcare Information & Services… Read More

July 24, 2018 @ 12:02 pm By Samantha Hurst  |  

On Monday, insurtech startup Ethos announced it has formed partnerships with mutual insurance organization Assurity Life and reinsurer Munich Re. According to Ethos, the new partnerships follow Ethos’ recent launch out of stealth mode and the closing of its $11.5 million funding round, which was… Read More

July 11, 2018 @ 4:00 pm By Samantha Hurst  |  

Next Insurance, an insurtech company that specializes in small to medium businesses, announced on Wednesday it secured $83 million through its Series B funding round, which was led by Redpoint Ventures. According to Next Insurance, the funds from the round will enable the company to continue… Read More

July 10, 2018 @ 3:09 pm By Samantha Hurst  |  

Insurtech startup Hippo Insurance announced on Tuesday experienced substantial growth the past year as homeowners demand a reimagined way insurance is developed, bought, and serviced. The firm reported it has topped $10 billion in total insured property value and tripled written premiums quarter-over-quarter. As previously reported,… Read More

July 9, 2018 @ 2:38 pm By Samantha Hurst  |  

Fineqia International Inc. (CSE: FNQ) (OTCPink: FNQQF) (Frankfurt: FNQA) announced on Monday it is taking an equity allocation in Black Insurance, a digital insurance blockchain startup. According to Fineqia, Black intends to become a licensed insurer and enable the underwriting of new insurance policies through insurance syndicates… Read More

July 6, 2018 @ 2:00 pm By Samantha Hurst  |  

REIN, a U.S.-based insurtech company, announced on last week it raised $7.3 million in venture funding from investors such as Liberty Mutual Strategic Ventures and Kiplin Capital; individual and family office investors, Jason Griswold (Founder, Brown Aviation Lease), Christopher Ellis (Managing Director at AvPro, Inc), Bert Roberts (former CEO of MCI), Steve… Read More

July 2, 2018 @ 11:33 am By Samantha Hurst  |  

Startupbootcamp’s InsurTech Accelerator part of Hartford InsurTech Hub, announced on Monday it has opened applications for the second year of its accelerator program. The organizers of the program reported the insurtech startups that have shown strong initial traction and looking to connect with several of the… Read More

July 2, 2018 @ 8:54 am By Samantha Hurst  |  

Nordea announced on Monday it has into an agreement with Gjensidige Forsikring ASA to acquire all shares in Gjensidige Bank ASA. The company reported that it purchased the bank for an estimated cash consideration of NOK 5,500 million (€578 million), that will be adjusted for the… Read More

June 29, 2018 @ 4:49 pm By Therese Torris  |  

Today June 28, Belgium-based SME lending platform Look&Fin announced that it has partnered with credit insurer Atradius to offer a 100% guarantee on the capital lent to SMEs by its retail investors. The move is dramatically closing the gap between marketplace lending and bank lending…. Read More

June 27, 2018 @ 7:40 am By Samantha Hurst  |  

Prudential Hong Kong Limited announced on Tuesday the launch of two insurtech innovations, Hospital to Prudential and Chatbot Claims, which will help redefine the way consumers and medical professionals manage hospital claims in Hong Kong. According to Prudential, the Hospital to Prudential portal provides customers with… Read More

June 26, 2018 @ 3:39 pm By Samantha Hurst  |  

New York City-based insurtech startup CoverWallet announced on Tuesday the launch of its new API for commercial insurance, CoverWallet API. The new API allows developers and businesses to now integrate insurance services and solutions directly into their apps and websites within a matter of minutes. CoverWallet reported… Read More

June 26, 2018 @ 6:22 am By JD Alois  |  

Two years after an expansion into Italy, Younited Credit is reporting having topped €100 Million in loans. The online lender says that today 40% of its credit activity is outside its base in France. “Many start-ups are embarking on European and global development ambitions, but international… Read More

June 21, 2018 @ 8:50 pm By Samantha Hurst  |  

Consulting firm Quesnay announced earlier this week it has kicked off its second Female Founders in Tech Competition, which is designed specifically for all women-led technology startups with a tested product. Quesnay reported that the competition will include insurtech startups this year. Jennifer Byrne, Co-Founder and… Read More

June 19, 2018 @ 3:21 pm By Samantha Hurst  |  

TheGuarantors, a U.S. insurtech platform for rentals, announced last week the launch of its Security Deposit Replacement (SDR)offering, which offers tenants a flexible, cost-saving alternative to meeting security deposit requirements while also reducing landlord administrative burdens and financial risks. According to TheGuarantors, SDR replaces the… Read More

June 15, 2018 @ 11:00 am By Samantha Hurst  |  

Just a few weeks after launching its second equity crowdfunding campaign on Seedrs, insurtech startup Wrisk has successfully surpassed £1 million thanks to more than 800 investors. The campaign was launched last month and quickly secured its initial £500,000 funding target. As previously reported, the insurtech is seeking… Read More

June 14, 2018 @ 9:32 pm By Samantha Hurst  |  

On Thursday, insurtech startup Ethos announced it secured $11.5 million through its latest financing round, which was led by Sequoia Capital with participation from Robert Downey Jr.’s Downey Ventures, Kevin Durant’s Durant Company, Will Smith’s Smith Family Circle, and a credit facility from Silicon Valley Bank. Founded in 2016, Ethos describes… Read More

June 14, 2018 @ 2:14 am By Erin Hobey  |  

The Seedrs alum Wrisk began its second crowdfunding campaign in May — its second within a year — and is crushing it again within a few weeks. Having already raised over £954,550 on its current Seedrs convertible campaign (a mere £500K was the platform’s initial goal),… Read More

June 13, 2018 @ 7:36 pm By Samantha Hurst  |  

ING and AXA announced on Wednesday they have formed an exclusive, long-term, multi-country bancassurance partnership to provide insurance products and related services through a central digital insurance platform. The companies reported that under this new partnership, ING will bring its digital banking experience and AXA… Read More

June 13, 2018 @ 7:03 am By Samantha Hurst  |  

U.S. insurtech startup Kin Insurance announced earlier this week it secured $13 million through its latest round of funding. The company reported the funds will go towards its mission to help protect homeowners nationwide. Founded in 2017, Kin describes itself as a home insurance startup… Read More

June 8, 2018 @ 8:20 am By Samantha Hurst  |  

Celo, an app-based insurance provider, has successfully secured its initial £100,000 funding target through its equity crowdfunding campaign on Crowdcube. The company has so far attracted more than 300 investors to the funding portal. As previously reported, insurtech company reported that it is planning to offer… Read More