Insurtech

July 11, 2017 @ 9:00 am By JD Alois  |  

  Lemonade has announced the results of the company’s annual Giveback program, where a portion of the underwriting profits go to nonprofits. The Insurtech firm shares that the program has funded 14 charities chosen by Lemonade policyholders. Lemonade Insurance Company is a licensed insurance carrier offering… Read More

July 8, 2017 @ 9:12 am By Xu Gao  |  

Ant Financial Brings Artificial Intelligence to Auto Insurance On June 27th, The Alibaba Group financial affiliate rolled out an artificial intelligence-driven, image-recognition system to aid vehicle insurance claims adjusters in operating faster and more efficiently. In its demonstration in Beijing, Ant pitted man against machine,… Read More

July 5, 2017 @ 2:12 pm By Samantha Hurst  |  

Breega Capital, a France-based venture capital firm, announced this week its new venture fund, Breega Capital Venture 2, which is aimed towards startups in the fintech and insurtech sectors. The fund offers startups €100 million ($113 million). Founded in 2013, Breega describes itself as a… Read More

July 5, 2017 @ 1:26 pm By JD Alois  |  

A Discussion with Charles d’Haussy, Head of Fintech, InvestHK. Hong Kong has been a definitive leader in global finance and trade for many decades. Yet when it comes to Fintech, embracing financial innovation has been slower than some other centers of alternative finance. But recently Hong… Read More

June 28, 2017 @ 12:43 pm By Erin Hobey  |  

Each year CB Insights publishes The Fintech 250, recognizing the 250 top private companies changing the face of financial services around the world. From insurance to blockchain to lending to wealth management to regtech, the alphabetical list is comprised of companies in sectors from across… Read More

June 20, 2017 @ 9:00 am By JD Alois  |  

Lemonade, an insurance company powered by artificial intelligence, has published survey results indicating it has overtaken Allstate, GEICO, Farmers, Liberty Mutual, Progressive, State Farm, USAA and all other legacy insurers amongst first-time buyers of renters insurance in New York state.  According to Lemonade, the first… Read More

June 15, 2017 @ 4:48 am By Erin Hobey  |  

SURE, an insurtech startup that offers on-demand personal insurance via an app, has closed an $8 million Series A funding round led by with participation from Menlo Ventures, FF Venture Capital, Nationwide Ventures, Assurant and AmTrust. The NYC and LA-based company also launched a Smartphone… Read More

June 12, 2017 @ 3:37 pm By Samantha Hurst  |  

India-based Coverfox has reportedly raised Rs 96 crore ($15 million) during its latest Series C Funding Round, which was led by U.S. insurer Transamerica with participation from existing investors. Founded in 2013 byVarun Dua and Devendra Rane, Coverfox reportedly offers products online for Indian customers across… Read More

June 10, 2017 @ 4:00 pm By Xu Gao  |  

Tsinghua PBCSF Global Finance Forum (2017) convened in Beijing On June 3, 2017 Tsinghua PBCSF Global Finance Forum, which was hosted by Tsinghua University, and organized jointly by the Tsinghua University PBC School of Finance (PBCSF) and Tsinghua University National Institute of Financial Research (NIFR),… Read More

June 7, 2017 @ 9:48 pm By Cole Lyons  |  

CreditEase, a China based peer to peer lender and wealth management platform, has announced its plans to open a new office in the Asia Square Tower in Singapore. The CEO of CreditEase, Ning Tang, said at the opening ceremony: “After 11 years of development, CreditEase… Read More

June 1, 2017 @ 3:27 pm By JD Alois  |  

Insurtech platform Lemonade has posted an update on platform growth. According to their information, they now have over 14,315 customers after 8 months of offering home-owners insurance. Lemonade is in the process of rolling out to much of the US (they must receive approval in… Read More

June 1, 2017 @ 9:54 am By Erin Hobey  |  

Trov has launched its on­-demand insurance platform in the UK, in partnership with AXA Insurance. Users are provided with a personalized quote and can quickly turn insurance on (or off) for an item without the need for any interaction with a traditional insurance agent. Items protected through… Read More

May 17, 2017 @ 12:59 pm By JD Alois  |  

Oliver Wyman is out with a report on the emerging Insurtech sector. Oliver Wyman is a global management consultancy operating in 30 different countries. For this specific report, they partnered with Policen Direkt Group in Germany, an insurance technology firm. The authors believe that the… Read More

May 11, 2017 @ 6:29 am By Erin Hobey  |  

CBien, a European digital asset management platform located in Paris, Nantes and Hamburg and recent Startupbootcamp InsurTech alum, has raised €8 million from its existing shareholders MAIF, MACIF and 5M Ventures. Funding from this second raise will be used to finance CBien’s visibility in France, its international… Read More

May 10, 2017 @ 12:23 pm By Samantha Hurst  |  

BNP Paribas -Plug and Play announced on Tuesday it is partnering with Paris-based startup campus, Station F, to host its upcoming fintech/insurtech accelerator program. According to the organizations, the new partnership will provide a venue for the program. While sharing details about the upcoming program launch, Roxanne… Read More

May 10, 2017 @ 11:27 am By JD Alois  |  

Lemonade, a new spin on providing insurance, has announced it has received regulatory approval in California and is now available for homeowners to purchase insurance online. The Insurtech firm is now operating in three states including New York and Illinois. Lemonade said that launching in… Read More

May 3, 2017 @ 1:37 pm By Samantha Hurst  |  

Next Insurance, an insurtech company that specializes in small to medium businesses, announced on Wednesday it secured $29 million during its Series A funding round, which was led by Munich Re/HSB Ventures with participation from  Markel, Nationwide, and other existing investors.  Next Insurance explained that… Read More

May 1, 2017 @ 10:35 am By JD Alois  |  

  The Insurtech sector has been a hot segment of the Fintech industry. In Q1 according to KPMG, Insurtech investment slowed overall but still registered a health $243 million across 43 deals. KPMG predicts this “lull” will not last as insurance companies around the world… Read More

April 27, 2017 @ 9:23 pm By Jonathan Nieh  |  

Life insurance startup Singapore Life Pte Ltd announced it has raised over US$50 million in its Series A round of funding. The bulk of the investment came from a subsidiary of China Credit FinTech Holdings Limited, a Hong Kong Stock Exchange-listed company. UK-based investment firm… Read More

April 27, 2017 @ 1:38 pm By Samantha Hurst  |  

Insurtech startup Hippo Insurance announced on Wednesday it is officially launching in California. The company is currently seeking to reinvent the way its customers seek home insurance by giving them the ability to receive a quote quickly and purchase instantly online at lower prices. Hippo’s platform… Read More