Insurtech

Insurtech Getsafe Reaches 50K Customer Milestone, Introduces Buildings Insurance in UK

Trafalgar Square London England UK

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

UK Insurtech Cuvva to Acquire Capital via Crowdfunding Campaign to Accelerate Growth of Car Sharing

British Poud Money Churchill England Insurtech

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

Rewire Insurance to Cover Migrants’ Families in the Philippines

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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

Inurtech: Pie Insurance Continues Leadership Team Expansion with Key Appointments

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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

Insurtech Cover Whale Reaches $100M Premium Milestone

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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

Insurtech Assurely Partners with Dalmore Group, a Securities Crowdfunding Provider

Insurtech

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

Insurtech Draftrs Offers Liability Insurance for Small Firms, Automatic Underwriting

alex knight Insurtech

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

Insurtech Industry Report: 20% of Insurance Professionals Reported Changing Companies in 2021 due to Salary Requirements

alex knight Insurtech

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

Insurtech: Elpha Secure Introduces Cyber Insurance Offering via Socotra’s Cloud Platform

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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

Insurtech: Hong Kong’s OneDegree, Munich Re to Introduce a Digital Asset Insurance Product

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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

Digital Insurance Advisory Sherpa Secures Investment from Insurtech Unicorn bolttech

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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

Insurtech Lemonade Announces Launch of Lemonade Car in Tennessee

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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

Lemonade Foundation to Leverage Blockchain to Protect Subsistence Farmers from Climate Change

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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

Accelerator Fin+Tech Announces 16 Accepted Startups

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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

Policygenius Attracts $125M to Grow Insurance Offerings

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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

Socotra Celebrates $50M Series C, Funds to Drive Growth of Insurtech Platform

alex knight Insurtech

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

Embedded Insurance: Insurtech MGA Loadsure Raises $11 Million Series A

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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

Insurtech FOXO Technologies to be Acquired in SPAC Deal with Delwinds Insurance Acquisition Corp.

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FOXO Technologies Inc. will become a publicly traded firm in a SPAC deal with Delwinds Insurance Acquisition Corp. (NYSE: DWIN). Shares will trade under the symbol FOXO once completed. The transaction is said to have a value of $369 million. FOXO, will raise up to… Read More

Insurtech RenewBuy, a Digital Insurance Marketplace, Acquires Fintech Artivatic.AI

alex knight Insurtech

Digital insurance marketplace RenewBuy has reportedly acquired Bengaluru-headquartered Fintech firm Artivatic.AI. The strategic acquisition by RenewBuy has been made as it aims to scale its operations and further enhance its tech stack to address the requirements of clients in insurance claim settlement, risk assessment and… Read More

Assurely Partners with Crowdcheck on D&O Insurance

Sara Hanks at ACSEC 2017

Assurely, an Insurtech that is serving the securities crowdfunding sector, has announced a new partnership with Crowdcheck – a leading legal services firm that specializes in online capital formation. According to a statement from Assurely, the partnership encourages all stakeholders utilizing CrowdCheck’s services to obtain… Read More

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