Insurtech

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

April 26, 2017 @ 9:32 pm By Cole Lyons  |  

Last week, the South Korean government selected life insurance company, Kyobo Life, to pioneer blockchain technology for the money payments of commercial insurance. This new project aims to create a foundation for promoting the Internet of Things (IoT) infrastructure in South Korea. This government sponsored… Read More

April 26, 2017 @ 8:37 am By JD Alois  |  

Certua is described as a Fintech platform that utilizes data to allow both individuals and advisers to benefit from financial planning solutions that automatically adjust as people’s lives change. The robo-life insurance service, expected to be the first service launched by the company, is intended… Read More

April 8, 2017 @ 3:47 pm By Xu Gao  |  

  Ant Financial Opens its VR Pay Service Platform to Xiaomi and Huawei. On March 31, Ant Financial, the finance arm of Alibaba Group Holdings, revealed its new payment service for virtual reality shopping at the Shenzhen Innovation Week. The VR Pay system will greatly… Read More

April 7, 2017 @ 4:23 pm By Therese Torris  |  

  Jevgenijs Kazanins of Twino introduces the Baltic tech scene at EXEC Fintech in Berlin Those familiar with the European fintech sector may have wondered for some time about why the Baltic States, which are among the smallest countries of Europe, are producing so many… Read More

April 4, 2017 @ 11:20 am By JD Alois  |  

Insurtech firm Lemonade has moved into the midwest by adding Illinois to the list of the states where it may offer insurance. Adding Illinois comes six months after launching in New York state by receiving regulatory approval to offer insurance. Lemonade is an insurance company… Read More

March 31, 2017 @ 6:06 pm By Xu Gao  |  

Boao Forum for Asia Annual Conference Highlights Fintech: How will it Change Finance? Related: Boao Forum for Asia publishes “2016 Fintech Report” The four-day Boao Forum for Asia (BFA) Annual Conference 2017, themed with “Globalization & Free Trade: The Asian Perspectives”, was held from March… Read More

March 23, 2017 @ 9:20 am By Samantha Hurst  |  

Global innovation platform Plug and Play announced on Thursday its largest cohort to date. It is now running nine of their programs simultaneously with 175 startups being dispersed across the following innovation platforms: Brand & Retail, Fintech, Food & Beverage, Health & Wellness, Insurtech, Internet of… Read More

March 6, 2017 @ 9:59 am By Samantha Hurst  |  

Lendit announced on Monday that it is launching its new media brand, Lendit News, that is being described as a financial technology ‘fintech’ resource dedicated to providing curated content and analysis of the most up-to-date industry news from around the globe. This announcement comes on the… Read More

February 23, 2017 @ 5:03 am By Erin Hobey  |  

Israeli startups GetmeIns and Seegnature shared the top $1 million prize in the Insurtech Israel competition, reportedly a first of its kind competition in Israel for startups in the field of insurance technology.  JVP decided to double the grand prize, investing over $2 million in the winners…. Read More

February 21, 2017 @ 8:57 am By Samantha Hurst  |  

Digital Fineprint, an InsurTech startup that notably harnesses social media to supercharge insurers online propositions, announced on Mond ay it has become one of eight InsurTech companies in the global to take part in MetLife’s Collab Partnership. The London-based company revealed it was selected out… Read More

February 15, 2017 @ 11:29 am By Xu Gao  |  

PBOC Becomes the First Central Bank to Issue Digital Currency Just at the start of 2017, People’s Bank of China (PBOC) took a big step in the area of digital currency. According to its announcement, PBOC has managed to test digital bill trading with beta-digital… Read More

February 1, 2017 @ 3:01 pm By JD Alois  |  

Lemonade, the Insurtech firm that wants to bulldoze insurance as we know it, has published their 3rd and final in a series about platform growth and transparency. Chief Behavioral Officer Dan Ariely, the author of the update, recognizes that 100 days of data isn’t really that… Read More

January 27, 2017 @ 1:30 am By Jessica Pham  |  

Citi’s latest report, “Digital Disruption – Revisited: What FinTech VC Investments Tell Us About a Changing Industry”, explores the evolving fintech industry.  In exploring different regions around the world, the report concludes: China’s rapid digitalization and rise of the middle class — combined with declining… Read More

January 18, 2017 @ 1:40 pm By JD Alois  |  

Lemonade, the Insurtech company that wants to be your preferred insurance provider, has just published a report on their first quarter of operations. Note that Lemonade is only operating in the state of New York right now but they have plans to expand across the… Read More

January 11, 2017 @ 9:08 am By JD Alois  |  

Insurtech company Lemonade has decided to do a “full frontal” and open the Kimono on their operations. The growing Insurtech startup said they were going to overcompensate on their mission to transform insurance from a necessary evil into a social good.  If there is one… Read More

January 8, 2017 @ 5:30 pm By Timothy Li  |  

The following are my top ten Fintech predictions for the coming year. While 2016 has been a momentous period in Fintech innovation there is more to come. 10 – Sensors Internet of Things (IoT), Wearables, Smart Home and Connected Car will bring massive change to… Read More