Search Results for: insurtech

March 4, 2025 @ 7:47 pm By Omar Faridi  |  

Akur8, the insurance pricing and reserving solution powered by machine learning, announces that CompSource Mutual Insurance Company, the workers’ compensation insurance carrier in Oklahoma, has chosen Akur8’s Core Platform solution to “enhance their insurance pricing models and improve their overall pricing process.” Akur8’s Core Platform… Read More

March 2, 2025 @ 5:47 pm By Omar Faridi  |  

PitchBook’s latest research reveals a complex landscape for insurance technology (insurtech) venture funding in 2024, marked by a contraction in total investment but persistent investor interest and soaring valuations. In Q4 2024, PitchBook noted that deal value plummeted 42% quarter-over-quarter, dropping from $1.9 billion in… Read More

February 28, 2025 @ 9:10 am By Omar Faridi  |  

Kin, the direct-to-consumer home insurance company built for every new normal, announced operating results through the fourth quarter ended December 31, 2024. Kin reports that it concluded 2024 with “$495.3 million in gross written premium and $156.1 million in total revenue.” Kin’s operating income for… Read More

February 27, 2025 @ 11:18 am By Michael Wong  |  

Funding in Southeast Asia’s InsurTech sector slumped sharply in 2024 as investors adopted a more cautious stance amid global economic headwinds, according to a report by data intelligence platform Tracxn. Total investments fell 61 percent to $193 million from $495 million in 2023, reflecting a… Read More

February 26, 2025 @ 10:34 pm By Omar Faridi  |  

Lemonade, Inc. (NYSE: LMND), the tech-driven insurance company, recently shared its financial results for the fourth quarter and full year of 2024, offering an overview of its performance as well as future business outlook. Lemonade‘s latest financial results indicate a mix of robust business growth,… Read More

February 26, 2025 @ 10:33 pm By Omar Faridi  |  

Akur8, the insurance pricing and reserving solution powered by machine learning is pleased to announce the expansion of their alliance with Deloitte Canada. Building on a collab since 2021, Deloitte said it will now leverage Akur8’s solutions for both pricing and reserving, marking a milestone… Read More

February 16, 2025 @ 11:39 am By Omar Faridi  |  

From the “drought” in dealmaking to another solid year for early-stage firms, CBInsights has shared industry trends that are now transforming the global Insurtech sector. The research study from CBInsights notes that during the past year, investors continued to move away from Insurtech firms. According… Read More

February 11, 2025 @ 5:20 am By Omar Faridi  |  

PolicyStreet, an insurtech based in Malaysia, is shifting gears with the launch of its customer loyalty program, Drive+ Membership. Designed to put Malaysian drivers in the “fast lane” of savings and convenience, the Drive+ membership features benefits such as “an 80% discount on road tax,… Read More

February 5, 2025 @ 10:18 pm By Omar Faridi  |  

Cowbell, a provider of cyber insurance for small and medium-sized enterprises (SMEs) and middle-market businesses, launched a Cowbell Resiliency Services (CRS) unit in response to a rise in the frequency, severity, and diversity of cyber threats as a “complement” to its existing risk management program…. Read More

January 31, 2025 @ 7:51 am By Omar Faridi  |  

Cowbell, a provider of cyber insurance for small and medium-sized enterprises (SMEs), is pleased to announce that it is strengthening its UK middle market product offering. Cowbell announced the appointment of James Porter as Lead Underwriter for the UK’s middle market segment. In his new… Read More

January 29, 2025 @ 9:33 pm By Omar Faridi  |  

CyberCube, the provider of cyber risk analytics software, is pleased to partner with Acclaim Insurance Brokers, one of Singapore’s risk consultants and insurance brokers. With local expertise and an international network, Acclaim says that it serves a client base of over 2,000 companies. Acclaim reportedly… Read More

January 27, 2025 @ 7:53 am By Omar Faridi  |  

Insurtech Jove is now offering Business Liability Insurance specifically designed to cater to small businesses across Europe. Targeting businesses with fewer than 20 employees, Jove’s new insurance aims to provide coverage across various, including creative sectors, media, engineering, and consultancy. This solution is available in all… Read More

January 18, 2025 @ 1:37 pm By Omar Faridi  |  

CyberCube, the global firm focused on cyber risk analytics, has released its 2025 Predictions Report, offering insights into the dynamics of the cyber (re)insurance market. The report identifies trends and challenges shaping the sector in the year ahead. As noted in the update from CyberCube:… Read More

January 18, 2025 @ 1:11 pm By Omar Faridi  |  

Olé Life, a Latin American insurtech company, announced that it has raised $13 million in Series B funding, led by PayPal Ventures with participation from Mundi Ventures, AV8 and Advent Morro. Olé Life explained that is focused on redefining how families access and experience financial… Read More

January 18, 2025 @ 12:50 pm By Omar Faridi  |  

Global Insurtech BOXX Insurance is continuing US business expansion plans with product and distribution management leadership hires. BOXX Insurance, a global cyber Insurtech, is pleased to announce three new appointments to support its growth agenda in the US. Erik Tifft has been appointed Head of… Read More

January 16, 2025 @ 8:15 am By Omar Faridi  |  

DARAG Group, a legacy acquirer with a focus on the European and UK market, and wefox Insurance AG, the Liechtenstein-domiciled insurance carrier of wefox Group, announced the transfer of a run-off “portfolio including Motor Damage and Third Party Liability, Private Liability and Property business across… Read More

January 9, 2025 @ 2:57 pm By Omar Faridi  |  

Akur8, the insurance pricing and reserving solution powered by transparent machine learning, is pleased to announce that Farm Bureau Insurance Company of Idaho, the property-casualty insurance company headquartered in the Gem State, has selected Akur8’s Core Platform solution to streamline the development of “high performing,”… Read More

January 5, 2025 @ 6:35 am By Omar Faridi  |  

European Insurtech firm wefox has reportedly finalized a $170 million refinancing deal. wefox, a European insurance tech firm established back in 2015 by Julian Teicke, is said to be finalizing a €170 million refinancing deal that has been led by private equity company Searchlight Capital… Read More

December 26, 2024 @ 9:01 am By Tony Zerucha  |  

As the finance world begins to embrace the potential of digital insurance, Dan Roberts believes Nayms is perfectly positioned to provide everything players need. Roberts, Nayms’ co-founder and CEO, sees the company becoming the Lloyd’s of London for Insurtech. The original thesis was to build… Read More

December 20, 2024 @ 6:46 pm By Michael Wong  |  

Singapore-based insurtech firm bolttech has successfully raised over $100 million in its latest Series C funding round, according to a company statement released on Friday. The funding round was anchored by Dragon Fund, with significant participation from Liquidity and MUFG. Additional investors in the round… Read More