Insurtech

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

October 28, 2017 @ 7:54 am By Samantha Hurst  |  

Insurdata, London-based insurtech firm that intelligently captures, enhances, scores and transfers high-resolution, peril-specific exposure and risk data, announced this week it has raised more than $1 million in seed financing from investors including Menlo Ventures, Anthemis Baloise Strategic Ventures and Plug and Play. Insurdata stated it… Read More

October 23, 2017 @ 8:26 am By JD Alois  |  

Wrisk wants to give insurance a digital upgrade and it is crowdfunding on Seedrs to finance its vision of of insurance. Wrisk is seeking a minimum raise of £500,000 at a pre-money valuation of £7 million. Launched today, the Insurtech company has already raised over… Read More

October 17, 2017 @ 3:25 pm By Samantha Hurst  |  

Covera Technologies Inc., a Canadian-based insurtech start-up that uses technology to find its customers optimal insurance rates every year, has raised $1 million through its seed financing round led by Ferst Capital Partners with participation from fintech angel investors. The latest funding round follows the company’s $500,000… Read More

October 17, 2017 @ 2:49 pm By Erin Hobey  |  

“We simply don’t understand why civilians need military-grade weapons, and we prefer not to insure them.” Discussing guns has become a polarizing topic, which is why most companies avoid gun discussion. Period. But Lemonade, the insurance tech company powered by artificial intelligence and behavioral economics, was founded… Read More

October 14, 2017 @ 8:20 pm By Xu Gao  |  

Tencent Received License to Sell Insurance on WeChat and QQ This week, China Insurance Regulatory Commission (CIRC) announced that it had grant an operation license to Shenzhen Wei Min Insurance Agency Co. Ltd. Tencent owns a majority stake (57.8%) of this new insurer. Fubon Property… Read More

October 12, 2017 @ 3:39 pm By Samantha Hurst  |  

Car insurance company Root Insurance announced on Thursday it is expanding its services to drivers in Illinois, Utah, Oklahoma, and Indiana. Founded in 2015, the Ohio-based insurtech company claims to be the first insurance firm that was founded on the “principle of fundamental fairness.” It has… Read More

October 7, 2017 @ 3:17 pm By Samantha Hurst  |  

Earlier this week Accenture announced it has formed a partnership With Duck Creek Technologies to launch a blockchain proof-of-concept for medical bill auditing. While sharing details about the collaboration, Cindy DeArmond, managing director and P&C Core Platforms Lead for Accenture in North America, stated: “These new… Read More

October 6, 2017 @ 12:15 pm By Samantha Hurst  |  

On-demand insurance platform Slice Labs, Inc. announced on Thursday it has secured $11.6 million through its Series A investment round, which was led by XL Innovate with participation from Horizons Ventures, Munich Re/HSB Ventures, SOMPO, Plug and Play, and Tusk Ventures. Launched in 2016, Slice… Read More

October 6, 2017 @ 11:44 am By Samantha Hurst  |  

On Thursday, British multi-national insurance company Aviva announced it has made an agreement to acquire a majority shareholding stake in robo investment company Wealthify. According to Aviva, the investment is part of its strategy to build customer loyalty by providing customers with a wide range… Read More

October 4, 2017 @ 11:53 am By Samantha Hurst  |  

Earlier this week, online insurance marketplace Ensurem announced it secured a $12.25 million investment from A-CAP, a New York City-based insurance holding company specializing in life and health insurance and related services. According to Ensurem, the funding from A-CAP comes just after the company’s successful angel… Read More

October 4, 2017 @ 11:09 am By Samantha Hurst  |  

PremFina Ltd, a UK-based company that increases access to insurance by providing financing options for the purchase of insurance premiums, announced on Wednesday it secured £27 Million ($36 million) in equity funding and a debt facility. According to the company, Rakuten Capital, the investment arm of… Read More

October 4, 2017 @ 8:43 am By JD Alois  |  

The two-year-old Haven Life, an online insurance platform has launched an improved buying experience that is said to prioritize the delivery of real rates over quotes and features a friendlier application process and fewer laborious questions. Haven Life, a life insurance startup that’s backed and wholly… Read More

October 4, 2017 @ 8:20 am By JD Alois  |  

Pie Insurance, a direct distribution workers’ compensation Insurtech business, has launched today at InsureTech Connect. Pie Insurance said it had closed on a $4.3 million seed round led by Sirius Group, Moxley holdings and Elefund. Sirius Group, is a global specialty insurer and reinsurer with… Read More

October 3, 2017 @ 2:14 pm By Samantha Hurst  |  

California-based global innovation platform Plug and Play announced last week its Winter 2017 Batches. The platform reported that it will run five programs this quarter focused on Health & Wellness, Insurtech, Internet of Things, Mobility, and Travel & Hospitality. According to Plug and Play, the selection process engages… Read More