Insurtech

May 20, 2022 @ 12:02 pm By JD Alois  |  

Caribou, an “auto Fintech” and future Insurtech, has raised $115 million in Series C funding at a solid valuation of $1.1 billion. The investment was led by Goldman Sachs Asset Management, with participation from new investors, including Innovius Capital and Harmonic, as well as existing… Read More

May 20, 2022 @ 10:36 am By JD Alois  |  

Amex Ventures, the venture arm of American Express (NYSE:AXP), has invested in Insurtech Trellis, according to a statement from the company, This newest investment follows a funding round in 2021 when Trellis raised $10 in a Series A. While Trellis did not provide details on… Read More

May 20, 2022 @ 12:44 am By Omar Faridi  |  

Pie Insurance, a technology-enabled provider of workers’ compensation insurance to small businesses, released its latest figures, “highlighting the company’s strong and sustainable growth since its founding in 2017.” In the first quarter of 2022, Pie more than doubled its gross written premium “over the same… Read More

May 17, 2022 @ 8:25 am By Omar Faridi  |  

Following its “successful” growth in the British market, Getsafe is expanding its portfolio and “introducing its digital buildings and contents home insurance product.” As noted in an update shared with CI, the new product “bears much of the DNA which has made Getsafe so popular… Read More

May 16, 2022 @ 1:16 pm By Omar Faridi  |  

Millions of Brits hold a driving license but don’t have “access to a car,” according to an update shared with CI. The “rigid” nature and upfront cost of annual car insurance combined with continuously rising costs of running a car “prompted” car insurance provider, Cuvva… Read More

May 14, 2022 @ 11:42 pm By Omar Faridi  |  

Rewire, the first digital financial services platform for migrant workers worldwide, has expanded its insurance provision “for Filipino customers in the UK and Europe to cover their families living in the Philippines.” Filipino migrants in the UK and Europe can now “buy three additional coverage… Read More

May 7, 2022 @ 4:15 pm By Omar Faridi  |  

Pie Insurance, an Insurtech specializing in workers’ comp insurance for small businesses, announced it appointed leadership team members “including David Samuels as the first chief commercial officer, Dimitrius King as the first chief claims officer, Kelly North as vice president of business development, and Jen… Read More

May 3, 2022 @ 2:49 pm By Omar Faridi  |  

Cover Whale Insurance Solutions, Inc., a commercial auto Insurtech that’s using data to “make our nation’s roads safer,” recently announced today that it has “exceeded $100 million in written premium.” During the two years since its founding, Cover Whale has “stealthily revolutionized the world of… Read More

May 2, 2022 @ 2:34 pm By JD Alois  |  

Assurely, an Insurtech that has targeted the marketplace sector, has partnered with Dalmore Group to offer TigerMark Directors and Officers (D&O) insurance. TigerMark is an Assurely product that provides D&O insurance and claims to be the only program on the market that covers companies raising… Read More

April 29, 2022 @ 12:48 pm By JD Alois  |  

Insurtech Draftrs has announced professional liability insurance for smaller firms. According to a company statement, coverage is completed via a digital process with instant underwriting. Draftrs added that it is launching the professional liability insurance product specifically targeting architects and engineers, developed in collaboration with… Read More

April 24, 2022 @ 12:39 pm By Omar Faridi  |  

Vertafore, which claims to be the leader in modern insurance tech, recently released its annual insurance workforce survey report, titled “The Insurance Agency Workforce: Evolving into the next normal.” Based on responses from over 1,300 insurance professionals, the report “includes insights on how independent agencies… Read More

April 13, 2022 @ 4:16 pm By Omar Faridi  |  

Elpha Secure, a cybersecurity startup that offers cyber insurance combined with security software to small businesses, has chosen Socotra “to complement its proprietary technology and launch a new cyber insurance product for a variety of industries.” In order to bring its new product to market,… Read More

April 12, 2022 @ 11:47 pm By Omar Faridi  |  

Hong Kong’s insurance firm OneDegree recently revealed that it has agreed to a 3-year  partnership with Munich Re in order to introduce OneInfinity, a digital asset insurance product. As noted in the update, OneInfinity is an insurance and tech product offering developed specifically for digital… Read More

March 26, 2022 @ 3:25 pm By Omar Faridi  |  

Sherpa recently announced that it has received a “strategic” investment from bolttech, the international insurtech unicorn, “as part of a collaboration to expand the international presence of the digital insurance and protection advisory tool, Sherpa Score.” Sherpa Score is “a data-driven advisory platform that provides… Read More

March 26, 2022 @ 1:07 pm By Omar Faridi  |  

Lemonade (NYSE:LMND), the digital insurance firm that’s powered by social impact, recently announced the launch of Lemonade Car in Tennessee. Following the initial launch in Illinois, Tennessee “marks the second state to feature availability of Lemonade’s newest environment-friendly product.” Hitting “record” snow averages this winter… Read More

March 23, 2022 @ 8:04 am By Omar Faridi  |  

The Lemonade Foundation, the nonprofit founded by Lemonade to “effect exponential social and environmental impact” via technology, has announced the “formation of the Lemonade Crypto Climate Coalition.” The coalition is being “constituted as a Decentralized Autonomous Organization (DAO), dedicated to building and distributing at-cost, instantaneous,… Read More

March 21, 2022 @ 6:23 am By JD Alois  |  

Fin+Tech, an Italy-based acceleration program supporting startups in the Fintech and Insurtech space, has completed the selection of the 16 start-ups that will join the first cycle of the program, according to a public statement. The accelerator is part of the CDP National Accelerators Network,… Read More

March 17, 2022 @ 3:00 pm By Tony Zerucha  |  

Policygenius, an insurance distribution platform, today announced the closing of $125 million of new growth capital, bringing the company’s total funding to more than $250 million. The company will use the new capital to continue to invest in the growth of its core businesses of life, disability, home,… Read More

March 16, 2022 @ 2:25 am By Tony Zerucha  |  

Insurance technology platform Socotra today announced the closing of a $50 million Series C funding round led by Insight Partners. Existing investors 8VC, Portage Ventures, Brewer Lane, MS&AD Ventures, and Nationwide Ventures also participated in this round, bringing total funds raised to date to $96 million…. Read More

March 11, 2022 @ 8:59 am By JD Alois  |  

Insurtech MGA Loadsure has closed on an $11 million Series A funding round, led by MMC Ventures, according to a statement by the company. Additional investors in the round include Crowley and existing investor Insurtech Gateway. Loadsure claims title as the industry’s first transactional cargo… Read More