Tagged: car insurance

April 3, 2023 @ 12:27 pm By Omar Faridi  |  

Covéa, the car insurer in France with 10.7 million vehicles insured by its French brands MAAF, MMA and GMF, announces the use of Tractable‘s artificial intelligence technology “to accelerate claims processing nationwide in France.” Covéa has been working with Tractable since 2016 “to simplify claims… Read More

May 23, 2022 @ 11:02 pm By Omar Faridi  |  

CTOS Digital, via its subsidiary firm, CTOS IDS, is further expanding its range of services with the introduction of CTOS Car Insurance, an online platform for car insurance and road tax renewal with assistance from Insurtech PolicyStreet.com. This new product offering enables clients to make… Read More

January 2, 2022 @ 9:46 am By Omar Faridi  |  

Lemonade (NYSE:LMND), the insurance firm that’s 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

September 19, 2021 @ 4:55 pm By Omar Faridi  |  

Axiata Digital’s digital wallet Boost revealed earlier this week that it has further expanded its insurance offerings with the introduction of automobile insurance, called “CarProtect,” which has been underwritten by Great Eastern General Insurance (Malaysia) Berhad. The digital wallet provider stated that CarProtect provides clients… Read More

June 20, 2021 @ 5:06 pm By Omar Faridi  |  

Tractable, the AI firm assisting insurers with accident and disaster recovery, recently revealed that it has acquired $60 million through a Series D round that was led by Insight Partners and Georgian. Tractable’s latest investment round has now doubled the total raised by the firm… Read More

June 13, 2021 @ 10:34 am By Omar Faridi  |  

Malaysia-based myTukar, a pre-owned car purchasing and selling platform, has teamed up with Insurtech company PolicyStreet.com in order to provide insurance policies for pre-owned automobile purchases. Through the partnership, myTukar’s wholesale and retail clients may get timely insurance quotations along with convenient access to most… Read More

May 24, 2021 @ 10:12 am By Samantha Hurst  |  

  Mile Auto, a U.S.-based insurtech startup, announced on Monday it raised $10.3 million through its seed funding round, which included participation from Ulu Ventures, Emergent Ventures, Thornton Capital, and Sure Ventures. Launched in 2019, Mile Auto describes itself as a next-generation insurtech company that uses computer version… Read More

April 20, 2021 @ 10:07 pm By Omar Faridi  |  

Lemonade (NYSE:LMND), the insurance firm that’s powered by AI and behavioral economics, announced on Tuesday (April 20, 2021) that it’s “readying ‘Lemonade Car’ for launch within the year.” As mentioned in a release shared with CI, early registration is “now open at www.lemonade.com/car.” The announcement further… Read More

April 16, 2021 @ 9:54 pm By Samantha Hurst  |  

  Clearcover, a U.S.-based car insurance platform, announced earlier this week it secured $200 million through its Series D funding round, which was led by Eldridge, with participation from American Family Ventures, Cox Enterprises, and OMERS Ventures. Founded in 2016, Clearcover describes itself as the… Read More

April 9, 2020 @ 9:31 am By Samantha Hurst  |  

Following the closing of its equity crowdfunding campaign on Crowdcube, which raised £893,620 in total funding, UK insurtech Honcho announced it raised an additional £1.2 million through its recent investment round. The company reported that between 2018 and 2019 honcho raised £1.8m from a combination… Read More

January 8, 2020 @ 8:58 am By Omar Faridi  |  

Chicago-headquartered Clearcover, a company focused on improving the way people acquire car insurance, has completed its third investment round. Clearcover revealed on January 3 that it had finalized a $50 million Series C round, which was led by OMERS Ventures. Existing investors American Family Ventures,… Read More

December 12, 2019 @ 9:32 pm By Omar Faridi  |  

The New Zealand Automobile Association (AA New Zealand) is teaming up with insurance technology (Insurtech) firm Greater Than in order to make driving a lot safer. The partnership will reportedly involve the use of the insurtech company’s artificial intelligence (AI) software Enerfy to offer “real-time… Read More

December 4, 2019 @ 4:35 pm By Samantha Hurst  |  

Cuvva, an insurtech startup that is based in the UK, announced earlier this week it secured £15 million through its Series A funding round. Founded in 2015, Cuvva claims it is building a new kind of insurance that’s flexible, simple and jargon-free. The company noted… Read More

October 4, 2018 @ 12:00 pm By Samantha Hurst  |  

Credit Karma announced earlier this week it is now offering car insurance in Texas and California. Credit Karma’s members in those states are now able to see what they could be paying for auto insurance based on what members like them are paying for the same coverage…. Read More

February 5, 2018 @ 11:22 am By Samantha Hurst  |  

Vouch Insurtech, a Singapore-based insurance platform for private communities, announced it secured $1 million during its latest seed investment round, which was led by Nogle Capital Management and GREE Ventures, with participation from several angel investors. Founded in 2017, The platform stated it partners with major insurers to… Read More

November 28, 2014 @ 8:57 am By Samantha Hurst  |  

In conjunction with the launch of the Local Road Safety Index, AXA Car Insurance is match funding a road safety crowdfunding campaign in partnership with Crowdfunder, enabling local communities to source funds to help pay for much needed road safety initiatives – helping to further… Read More