Insurtech

April 17, 2018 @ 2:45 pm By Samantha Hurst  |  

Global insurance company, Marsh, announced on Monday it has formed a partnership with IBM (NYSE: IBM), ACORD, and ISN launch a commercial blockchain solution for proof of insurance. The company reported that by using blockchain technology, it is looking to fundamentally transform the certificate of insurance process… Read More

April 13, 2018 @ 1:00 pm By Samantha Hurst  |  

HCI Group, Inc. (NYSE: HCI) announced on Thursday its that insurtech platform TypTap has surpassed $10 million in gross written premiums. According to HCI, TypTap provides residential flood insurance in Florida, features the company’s internally developed, online quoting and binding platform. The platform also provides a quote in seconds and… Read More

April 11, 2018 @ 11:20 am By Samantha Hurst  |  

Less than two weeks until its equity crowdfunding round comes to an end on Crowdcube, UK-based insurtech Midrive has successfully secured more than £2 million from over 575 investors. The company quickly secured its initial £1.8 million funding target. Founded in 2013, Midrive is an insurance company… Read More

April 10, 2018 @ 3:13 pm By Samantha Hurst  |  

Celo, an app-based insurance provider, is now seeking £100,000 through its equity crowdfunding campaign on Crowdcube. The insurtech company reported that it is planning to offer insurance cover for motor vehicles, travel, health, and gadgets. It noted that like how challenger banks Monzo and Starling Bank took… Read More

April 10, 2018 @ 9:03 am By Samantha Hurst  |  

CapSpecialty, a provider of specialty insurance for small to mid-sized business in the U.S., announced on Tuesday the launch of DragonX, which is described as a cloud-based platform that streamlines the end-to-end submission and underwriting process for excess casualty coverage with competitive premiums and limit options…. Read More

April 9, 2018 @ 11:53 am By Samantha Hurst  |  

bitJob, a blockchain-based peer-to-peer employment marketplace for students, is announcing today its collaboration with insurtech startup, Lemonade, The duo reported that the insurance API that Lemonade has developed will be integrated into the bitJob marketplace, and will allow students that are already homeowners to receive customized rates for… Read More

April 5, 2018 @ 5:00 pm By Samantha Hurst  |  

Plug and Play announced on Thursday the 156 startups accepted into eight of its programs. These programs will run from April through June and include Energy & Sustainability, Enterprise 2.0, Health & Wellness, Insurtech, Internet of Things, Mobility, Real Estate, and Travel & Hospitality. The organization… Read More

April 4, 2018 @ 3:17 pm By Samantha Hurst  |  

On Wednesday, Canada’s OneEleven announced the participants of their Insurtech Growth Program. The startup community announced in January it was joining forces with insurance company Aviva Canada to support the success of growing Canadian insurtech companies. The program, which runs for four months, will provide the… Read More

April 4, 2018 @ 12:34 pm By Samantha Hurst  |  

Bunker, a California-based insurtech startup, announced last week it has formed a partnership with Chubb Insurance to accelerate new insurance product development. According to Bunker, this new collaboration leverages Chubb’s strength as a large publicly-traded property-casualty insurer, along with Bunker’s technology platform. Speaking about the partnership, Chad Nitschke, Co-Founder… Read More

April 3, 2018 @ 3:33 pm By Samantha Hurst  |  

Unum (NYSE:UNM), a market leader in providing disability, life, accident, critical illness, dental and vision insurance in the workplace, announced on Tuesday it has formed a partnership with Plug and Play Insurtech, a Silicon Valley-based startup innovation platform. According to Unum, this new partnership connects the… Read More

April 2, 2018 @ 2:38 pm By Samantha Hurst  |  

Oscar Health, a U.S.-based insurtech, announced last week it has raised $165 million through its latest investment round led by Brian Singerman and Founders Fund. Founded in 2013, the company stated it is focused on utilizing technology, design, and data to humanize healthcare. “We’re a group… Read More

April 2, 2018 @ 11:23 am By Samantha Hurst  |  

Root Insurance, an Ohio-based car insurtech company, announced last week it secured $51 million in funding through its Series C round, which was led by Redpoint Ventures, with Scale Venture Partners and existing partners Ribbit Capital and Silicon Valley Bank Capital Partners.  Founded in 2015, Root described itself… Read More

April 2, 2018 @ 8:43 am By Samantha Hurst  |  

Atidot, an Israel-based insurtech company empowering the life insurance industry with big data and predictive analytics, announced last week it secured $5 million through its Series A funding round, which was led by Vertex Ventures with the participation of existing investors The D.E. Shaw Group, Moneta Seeds, and… Read More

March 30, 2018 @ 3:00 pm By Samantha Hurst  |  

Fo-Sho, a South Africa-based insurance company and Startupbootcamp accelerator participant, announced this week it is planning to expand its insurtech product services in the region. Founded in 2016, Fo-sho describes itself as a South African insurtech startup that is powered by “cool” technology and using innovative… Read More

March 30, 2018 @ 10:03 am By Samantha Hurst  |  

Plug and Play announced on Thursday that 16 startups were selected to join the accelerator’s “Insurtech Europe powered by Plug and Play,” which was created with some of Plug and Play’s partners Allianz, Munich Re, Talanx, Versicherungskammer Bayern and Swiss Re as well as in… Read More

March 26, 2018 @ 2:51 pm By Samantha Hurst  |  

Insly, a cloud-based insurance platform, announced last week it secured €2.2 million during its latest investment, which was led by Concentric and Black Pearls VC. Founded in 2000, Insly describes itself as an insurance software development company that offers insurance policy management for insurance brokers, insurance… Read More

March 26, 2018 @ 2:21 pm By Samantha Hurst  |  

Dubai International Financial Centre (DIFC), an international financial hub in the Middle East, Africa and South Asia (MEASA) region, announced on Monday important developments in its Fintech ecosystem that further strengthen its position as MEASA’s number one and one of the world’s top ten FinTech… Read More

March 23, 2018 @ 3:00 pm By Samantha Hurst  |  

NFP, an insurance broker and consultant that provides employee benefits, property & casualty (P&C), retirement and individual private client solutions, announced on Thursday it is launching a new venture fund focused on strategic partnerships and investments in the emerging Insurtech, Fintech and HR Tech industries. Shawn Ellis,… Read More

March 22, 2018 @ 3:00 pm By Samantha Hurst  |  

IT service provider Zensar announced on Wednesday it has entered into a definitive agreement to acquire U.S.-based insurtech Cynosure, which focuses on providing Guidewire platform implementation services to Property and Casualty (P&C) insurance carriers. The company reported: “This acquisition is a critical component of Zensar’s… Read More

March 21, 2018 @ 2:08 pm By Samantha Hurst  |  

Fintech, regtech, and insurtech incubator and accelerator F10 announced on Tuesday it has opened applications for its Prototype to Product (P2)Program Batch IV. The program revealed applications are currently being accepted and reviewed from tech startup firms, who were solving problems in the financial, banking,… Read More