Tagged: digital insurance

June 19, 2026 @ 1:13 pm By Omar Faridi  |  

BIS has indicated that cyber threats—intensified by advancements in artificial intelligence—pose growing risks to financial stability and broader economic activity. These incidents, whether from deliberate attacks or accidental failures, can halt operations, compromise sensitive information, disrupt supply chains, and undermine public confidence. BIS added that… Read More

June 9, 2026 @ 7:08 pm By Omar Faridi  |  

CyberCube, a provider of advanced cyber risk analytics solutions, has entered a strategic alliance with KOBAN SÜDVERS, an Austrian insurance brokerage firm. This collaboration represents CyberCube’s inaugural broker partnership in Austria and signals a significant milestone in its broader growth strategy across the DACH region,… Read More

March 2, 2026 @ 10:41 pm By Omar Faridi  |  

United Insurance Brokers (UIB), a global intermediary for insurance and reinsurance connected to the Lloyd’s market, has entered into a new collaboration with CyberCube, a top-tier developer of tools for analyzing cyber vulnerabilities. This partnership aims to elevate UIB’s ability to handle cyber-related policies on… Read More

May 2, 2025 @ 9:01 am By Omar Faridi  |  

Kin, the direct-to-consumer, digital home insurance provider, announced it surpassed $100 billion in total insured property value. This milestone reinforces Kin’s position as the “tech-forward” direct-to-consumer homeowners insurance provider and “reflects its accelerated growth trajectory.” Kin grew total insured value (TIV) from “$10 billion to… Read More

March 22, 2025 @ 5:24 pm By Omar Faridi  |  

Munich Re and NEXT Insurance have signed a definitive agreement regarding the full acquisition of NEXT Insurance by Munich Re on March 19, 2025. The envisaged transaction will have NEXT Insurance become “part of ERGO, the major primary insurance business of Munich Re.” More than… Read More

April 13, 2024 @ 3:33 pm By Michael Wong  |  

Akad Seguros, a digital insurance firm based in São Paulo, has successfully completed a Series A funding round, raising $22.5 million, according to an announcement. The funding effort was spearheaded by Valor Capital Group and included significant contributions from Across, Endeavor Scale-Up Ventures, Endeavor Catalyst,… Read More

February 7, 2024 @ 12:08 pm By Omar Faridi  |  

Kin, the digital, direct-to-consumer home insurance company, announced the closing of $15 million in financing from new investor Activate Capital, a growth-stage VC firm focused on the sustainable, resilient transformation of the global economy. Raising at an increased valuation, greater than $1 billion, is an… Read More

January 23, 2024 @ 7:11 am By Omar Faridi  |  

Qover, an insurtech driven by a vision of creating a global safety net through insurance – announces the launch of its innovative motor insurance solution in the United Kingdom, which enables car manufacturers to “provide digital insurance programs across Europe.” In line with Qover‘s goal… Read More

December 23, 2023 @ 3:36 am By Omar Faridi  |  

Traditional reinsurance companies will start offering meaningful cyber capacity in 2024 as cyber insurance is “one of the fastest growing lines of insurance to emerge in a generation,” according to the CEO of cyber risk analytics specialist, CyberCube. In a series of predictions from CyberCube… Read More

November 22, 2023 @ 4:43 pm By Omar Faridi  |  

Lemonade (NYSE: LMND), the digital insurance company powered by AI and social impact, announced it has named two new members to its Board of Directors, Deb Schwartz and Dr. Samer Haj-Yehia, “effective immediately.” The newly named Directors will “succeed departing Directors Irina Novoselsky and Silvija… Read More

November 20, 2023 @ 8:29 am By Omar Faridi  |  

wefox, the European insurtech, has appointed Paul Onnen as Chief Technology Officer, with immediate effect. Mr. Onnen takes over the role from Sergi Banos who “was promoted to Chief Platform Officer (CPO) as the company accelerates its plans to launch the platform that will connect… Read More

October 31, 2023 @ 3:01 pm By Omar Faridi  |  

NEXT Insurance, a digital small business insurer, achieved a marked milestone in reaching 500,000 active small business customers. Throughout NEXT’s journey as a digital insurer, its commitment to the small business community has “remained paramount, driving all aspects of its continued product innovations, partnerships, and… Read More

September 20, 2023 @ 10:08 pm By Omar Faridi  |  

NEXT Insurance, a digital small business insurer, announced a differentiated new offering that will enable agents to fully customize coverage quotes to better meet the needs of their small business clients. NEXT’s Coverage Builder represents “a fundamental leap in allowing agents the ability to micro-tailor… Read More

July 1, 2023 @ 6:13 am By Omar Faridi  |  

Lemonade (NYSE: LMND), the digital insurance company powered by AI and social impact, announced it has partnered with General Catalyst (GC), a venture firm and an early investor in Lemonade, in order “to create Synthetic Agents, a novel financial structure that unlocks growth without depleting… Read More

June 23, 2023 @ 9:37 am By Omar Faridi  |  

Lemonade (NYSE: LMND), the digital insurance company powered by AI and social impact, announced that its reinsurance program has been “renewed in good time and on good terms.” The Lemonade program is “led by the same tier-one carriers as the expiring and was oversubscribed on… Read More

May 9, 2023 @ 7:55 am By Omar Faridi  |  

NEXT Insurance, a digital insurtech company transforming small business insurance, today announced the promotion of Rachel Jrade-Rice to General Counsel. Jrade-Rice joined NEXT Insurance in 2020 “as Insurance Regulatory Counsel and was quickly promoted to Head of Regulatory Affairs and then again to Associate General… Read More

May 6, 2023 @ 10:30 am By Omar Faridi  |  

Sutherland, a digital transformation technology and services company, has entered a partnership with Bold Penguin, a digital platform with integrated solutions that simplify commercial insurance. This partnership allows Sutherland and Bold Penguin “to drive digital transformation in customer acquisition, new business, and underwriting for the… Read More

April 27, 2023 @ 4:30 pm By Omar Faridi  |  

NEXT Insurance, a digital insurtech company transforming small business insurance, today announced the launch and availability of the Certificate of Insurance (COI) Analyzer – an innovative, new offering “for small business owners to generate free, instant, custom-made COIs to show valid insurance coverage to potential… Read More

April 4, 2023 @ 11:52 am By Omar Faridi  |  

Lemonade (NYSE: LMND), the digital insurance company powered by AI and social impact, today announced the launch of Lemonade Car in Oregon, marking the fifth state where the full suite of Lemonade insurance products are available. As a state known for its environment-friendly ways and… Read More

January 15, 2023 @ 11:20 pm By Omar Faridi  |  

Zurich-headquartered startup TONI Digital has secured $12.5 million in a Series B funding round. The company is a digital insurance-as-a-service provider, “offering personal and commercial insurance lines such as motor insurance, payment protection insurance, and life solutions on top of its market-leading insurance technology platform.”… Read More