Insurtech

January 16, 2018 @ 8:22 am By JD Alois  |  

Deutsche Bank has announced a new strategic partnership with Insurtech firm Friendsurance. The arrangement will see the two companies working together to advise clients and help them take out and manage insurance policies. Deutsch Bank’s goal is to make it more simple, transparent and convenient… Read More

January 15, 2018 @ 11:14 am By Samantha Hurst  |  

Over the weekend, UK-based insurtech Honcho completed its equity crowdfunding round on Crowdcube with a total of £849,880 secured from 712 investors. The campaign was launched in December and successfully raised its initial £650,000 days before the funding closed. As previously reported, Honcho is described as a reverse-auction marketplace… Read More

January 12, 2018 @ 9:48 pm By Samantha Hurst  |  

Digital Fineprint, a London-based insurtech startup that notably harnesses social media to supercharge insurers online propositions, announced this week it secured $2.7 million during its latest funding round, which was led by Pentech Ventures with participation from existing and new investors, including Force Over Mass, and… Read More

January 11, 2018 @ 8:56 am By Samantha Hurst  |  

On Wednesday, California-based insurtech company Hippo announced it has formed a strategic partnership with Spinnaker INsurance Company. The company revealed that through the new collaboration, it will expand to new states and bring its smart home coverage to over 60% of the U.S. population by… Read More

January 8, 2018 @ 9:25 am By Samantha Hurst  |  

On Monday, global insurance company MetLife announced the launch of its two insurtech investment programs, MetLife Digital Ventures, and MetLife Digital Accelerator powered by Techstars. The company reported that both programs will be led by MetLife’s Chief Digital Office. According to MetLife, MetLife Digital Venture… Read More

January 5, 2018 @ 12:00 pm By Samantha Hurst  |  

Artificial intelligence (AI) and data science company, CLARA Analytics, announced on Thursday it raised $11.5 million Series A funding round led by OAK HC/FT for its AI insurtech claim solutions. Founded in 2016, CLARA Analytics states it builds easy-to-use, AI/machine-learning based products. The company revealed: “Today, solutions… Read More

January 5, 2018 @ 11:00 am By Samantha Hurst  |  

Dinghy, a UK-based insurtech platform specifically for freelancers, has secured $1.2 million during its seed funding round led by Balderton Capital. Founded in 2017 by co-founders Ben Wilks, Robert Hartley, and Edward Woodcock, Dinghy offers fast, 24/7 claim handling along with fair, and flexible insurance service… Read More

January 4, 2018 @ 7:52 am By Samantha Hurst  |  

On Wednesday, global consulting and actuarial firm Milliman announced it has launched its new cloud-based insurtech solutions process, Arius Enterprise. According to the company,  Arius Enterprise is part of its Arius family of solutions and relies on the Arius software to provide the analysis and… Read More

January 3, 2018 @ 4:27 pm By Samantha Hurst  |  

Urban Jungle, a London-based insurtech startup that seeks to revamp insurance for young people, announced on Wednesday it raised £1 million during its Seed funding round, which was led by former CEO of Prudential UK and HBOS insurance, Rob Devey with participation from angel investors… Read More

December 29, 2017 @ 1:19 pm By Samantha Hurst  |  

This week, insurance company Root Insurance announced it is now able to offer its services to drivers in Mississippi. The company stated: “That’s right Mississippi, we’ve arrived, and we’re here to save you from paying too much for car insurance. Because if you’re a good… Read More

December 22, 2017 @ 1:35 pm By Samantha Hurst  |  

Allianz X, the digital investment unit of the Allianz Group, announced this week it has invested $96.6 million investment in BIMA, a digital microinsurer utilizing mobile technology to serve low-income customers in Africa, Asia, and Latin America. Allianz reported it has become BIMA’s sole insurance shareholder and… Read More

December 21, 2017 @ 10:00 am By Samantha Hurst  |  

TechAssure, the international nonprofit association of insurance and risk management experts for technology-related risks, announced earlier this month it has formed a new partnership with insurtech company Indio. The organization revealed that its members will gain access to Indio’s software, which is designed to improve the client… Read More

December 20, 2017 @ 3:12 pm By JD Alois  |  

Waymo, Alphabet’s (neé Google) self-driving tech company, has partnered with Trōv an Insurtech firm that provides on-demand insurance. Waymo claims the title of “first” in the land of self driving fleet cars.  In 2018, Waymo will launch commercial ride-hailing with autonomous cars in Phoenix, Arizona…. Read More

December 19, 2017 @ 11:42 am By JD Alois  |  

Prominent Insurtech firm Lemonade is having a pleasant Holiday season following the announcement they have raised $120 million to fuel platform growth. The funding round was led by SoftBank, a group that has been highly active in the Fintech sector. Valuation was rumored to be… Read More

November 24, 2017 @ 10:39 am By Samantha Hurst  |  

Allianz X, the venture unit of the German-based Allianz Group, announced on Friday strategy and leadership changes intended to prepare the entity for long-term success. According to Allianz X, given the shift in strategy, the venture unit will discontinue its early-stage company building activities and focus… Read More

November 22, 2017 @ 3:17 pm By Samantha Hurst  |  

Synechron, a global financial services consulting and technology services provider, recently announced it has launched a new accelerator program that’s specifically for insurtech solutions. This news comes less than six months after the company opened its New York City office and fintech lab, also known as Financial… Read More

November 20, 2017 @ 3:34 pm By Samantha Hurst  |  

Insurtech firm Goji, announced last week it secured $15 million during its latest investment round, which was led by Hudson Structured Capital Management Ltd., (HSCM Bermuda). The companies have also formed a new strategic partnership. The company, which was launched in 2007, offers data-driven home and automobile… Read More

November 4, 2017 @ 11:31 am By Xu Gao  |  

China is Reported to Shut Down Illegal Cash Loan Platforms Bloomberg, citing sources close to the situation, reported that regulators in China has started to consider strengthening supervisions towards cash loan platforms, with high probability of shutting down illegal ones. This round of inspections will… Read More

November 3, 2017 @ 12:44 pm By Samantha Hurst  |  

Specialist provider of P2P and marketplace lending products and services, Goji, announced on Friday it has appointed Peter Breitstone as its new CEO. According to the company, Breitstone has over 20 years of senior executive leadership experience at several global insurance companies, including Insureon, Zurich, and Aon…. Read More

October 29, 2017 @ 8:42 pm By JD Alois  |  

FinTech Australia, the national association for Australia’s Fintech industry, has just released a new member ecosystem map designed to visually depict the extraordinary growth in Australia’s Fintech industry in just four months. This week Australia’s inaugural Fintech festival Intersekt kicks off so the timing is important. … Read More