Xpension, a German digital corporate pension and life insurance brand, announced on Monday it secured ā¬25 million through its Series C funding round, led by HPE Growth with participation from Ā Cinco Capital, led by Lars Hinrichs (Founder of XING and Chairman of Xpension), and Armada… Read More
Insurify, an AI-powered insurance comparison platform that’s based in the U.S., announced on Wednesday it secured $23 million through its Series A funding round, which was led by MTech Capital and Viola FinTech, with participation from Nationwide, Hearst Ventures, and MassMutual Ventures. Founded in 2013,… Read More
Life insurance provider Sproutt Insurance recently revealed that it has launched and acquired $12 million in funding via a Series A round from State of Mind Ventures (SMOV), Moneta Capital, and Guardian Life. Sproutt says it aims to do what many of today’s life insurance… Read More
Singapore Life, a Singapore-based insurtech startup, has reportedly received a $90 million investment from Sumitomo Life Insurance. Founded in 2014, Singapore Life describes itself as a life insurance company fully licensed by the Monetary Authority of Singapore that is built on the belief that āthe… Read More
U.S. insurtech Fabric announced last week it has launched a new digital sharing feature, Trusted Contacts, for its life insurance policies Founded in 2015, Fabric now offers a digital insurance-buying experience that it claims to be fast, affordable, and easy. “Our goal is to help… Read More
On Monday, insurtech startup Ethos announced it has formed partnerships with mutual insurance organization Assurity Life and reinsurer Munich Re. According to Ethos, the new partnerships follow Ethosā recent launch out of stealth mode and the closing of its $11.5 million funding round, which was… Read More
On Tuesday Plug and Play Insurtech announced it has welcomed M Financial as its 55thĀ partner. According to Plug and Play, M Financial is headquartered inĀ Portland, OregonĀ and comprised of 155 member firms. The company is now searching for startups to transform the life insurance industry for… Read More
Bestow Inc., a platform providing a new approach to life insurance, has announced a $2.5 million seed round led by New Enterprise Associates (NEA), with participation from Core Innovation Capital, Morpheus Ventures, and 8VC. Bestow says this is their first institutional round, bringing its total… Read More
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
Coverage in minutes. No trip to the doctor necessary. Incredible pricing. This is what most people want to hear when they are considering purchasing life insurance. Online lender SoFi is doing just this but they are targeting the healthiest demographic among us – the Millennials…. Read More
Singlife recently signed a Memorandum of Understanding with Microsoft (NASDAQ: MSFT) to support high-growth insurance startups to adopt generative artificial intelligence (AI). Singlife is the first financial services partner “to collaborate with Microsoft for the Startups Programme in ASEAN for budding insurtech startups to scale… Read More
Lemonade (NYSE:LMND), the insurance firm thatās powered by AI and behavioral economics, notes that the end of the year 2021 is a time for “sitting back, taking stock, and reflecting on the past twelve months.” Although the Insurtech firm “doubtlessly” made a few mistakes along… Read More
Muang Thai Life Assurance Pcl., one of the largest life and health insurance firms in Thailand, has entered a partnership with ZA Tech Global Limited, the technology venture established by ZA International and backed by Softbank’s Vision Fund 1. The partnership marks both parties’ commitment… Read More
Indonesia’s Lifepal, a digital direct-to-consumer (D2C) insurance marketplace, reveals that it has acquired an oversubscribed $9 million through a Series A round, bringing the total capital secured by the firm to $12 million. As noted by its management, Lifepal is the largest insurance marketplace in… Read More
Breeze announced on Tuesday it has teamed up with Assurity Life to launch an API-driven disability insurance product with a digital application and underwriting process. Through the new service, individuals may request a personalized disability insurance quoteĀ and complete a secure application process online in 10-15… Read More
ZA Bank, the first digital bank to officially launch in Hong Kong, has decided to expand its line of products and services by offering insurance. This, soon after ZA Bank acquired a digital-only insurer license from the Hong Kong Insurance Authority under its Fast Track… Read More
Even Financial, a Fintech that helps to match loans to borrowers, has acquired LeapLife – an Insurtech platform – in a move to add more services. Terms of the deal were not disclosed. According to a company release, the addition of LeapLife allows Even to… Read More
The two-year-old Haven Life, an online insurance platform has launched an improved buying experience that is said to prioritize the delivery of real rates over quotes and features a friendlier application process and fewer laboriousĀ questions. Haven Life, a life insurance startup thatās backed and wholly… Read More
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 Akur8ās Core Platform solution to streamline the development of “high performing,”… Read More
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