Insurtech

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

June 7, 2018 @ 10:59 pm By Samantha Hurst  |  

On Thursday, insurtech startup CoverWallet announced that global insurance company Zurich Insurance Group (VTX: ZURN) has acquired a minority stake in the company. According to CoverWallet, the investment builds on a commercial partnership between CoverWallet and Zurich in Europe that was announced in February. CoverWallet also… Read More

June 7, 2018 @ 7:37 am By Samantha Hurst  |  

Laka, a UK-based insurtech startup, announced on Thursday it has kicked off its global expansion by securing £1.1 million through its seed funding round, which was led by financial holding company Tune Protect Group Berhad with participation from 500 Startups.  The company, which was founded… Read More

June 1, 2018 @ 10:02 pm By Samantha Hurst  |  

TicketGuardian, an insurtech startup that’s aiming to shake up the ‘no refunds’ standard of live events ticketing, announced on Thursday the launch of two new consumer-facing insurance products,  FanShield and RegShield, which give policy owners better coverage for both ticketed live events, and registered events. While… Read More

June 1, 2018 @ 9:53 pm By Samantha Hurst  |  

FitSafe, a risk management and insurance underwriting service for sports and fitness, announced on Thursday that SterlingRisk has acquired minority equity interest in its firm. The New York-based company reported the investment from Sterling will help capitalize further back-end development of its software platform. Speaking about… Read More

May 30, 2018 @ 3:22 pm By Samantha Hurst  |  

Just a little over six months after launching its first equity crowdfunding campaign, UK-based insurtech Wrisk returned to Seedrs and has quickly secured its initial £500,000 funding target. As previously reported, Wrisk is seeking to shake up the antiquated insurance industry with their smartphone app that makes purchasing insurance… Read More