Tagged: digital insurance

Swiss Insurtech TONI Digital Finalizes $12.5M Series B

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

Cowbell Cyber Enhances Insurance Leadership with Addition of Reinsurance Professional

Cowbell Cyber, a provider of cyber insurance for small and medium-sized enterprises, recently announced the addition of Julia Cederroth as senior director of reinsurance. This new position “empowers policyholders by helping to build cyber resiliency and close insurability gaps as part of Cowbell’s reinsurance solutions.”… Read More

Insurtech Lemonade’s 2022 Giveback Celebrates 6th Year Donating to Organizations in Need

Lemonade (NYSE:LMND), the digital insurance company powered by social impact, announced that its 2022 Giveback for the twelve months ended June 30, 2022, “amounting to $1,873,588, to be donated across 59 nonprofit organizations chosen by its customers.” The Lemonade Giveback is “part of the company’s… Read More

Insurtech Lemonade Launches Car Insurance in Ohio

Lemonade (NYSE:LMND), the digital insurance firm “powered by social impact,” recently announced the launch of Lemonade Car in Ohio. The Buckeye state “marks the third state to feature availability of Lemonade’s newest environment-friendly product.” With an increasing presence of electric vehicle infrastructure and growing startup… Read More

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

Insurtech Lemonade Announces Launch of Lemonade Car in Tennessee

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

Bank Negara Malaysia Releases Discussion Paper on Licensing Framework for Digital Insurers

Bank Negara Malaysia, the nation’s central bank, recently issued the Discussion Paper on Licensing Framework for Digital Insurers and Takaful Operators. As noted by Bank Negara, the Discussion Paper outlines the proposed framework for “licensing new digital insurers and takaful operators (DITOs)” in order to… Read More

Digitizing the Auto Insurance Industry Can Improve Operational Efficiency: Report

Digital is the “name of the game” when it comes to attracting auto insurance clients, according to an update from Notarize, which helps consumers with signing and notarizing “life’s most important documents online.” The Boston-based financial services firm writes in a blog post that the… Read More

Insurtech Lemonade Redesigns App After Expanding Services to Life, Pet, Car Insurance

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

Insurtech: AIA Hong Kong Introduces Scenario-based Merchant Goods Protection ‘Care For You 24’ for Bloom members

Hong Kong tech startup, Bloom, has announced a collaboration with AIA Hong Kong  in order to launch “Care for You 24” – AIA’s first scenario-based protection that “revolves around customers’ lifestyle touchpoints and scenarios – to offer instant cover for their purchases.” “Care for You… Read More

Digital Insurer Bowtie Secures $22.6M to Expand Operations across Asia, with Mitsui leading Series B1 Round

Bowtie, which claims to be Hong Kong’s first digital insurer, announced earlier this week the completion of a $22.6 million Series B1 round that was led by Mitsui & Co., Ltd., with participation from existing investor Sun Life Hong Kong Limited. Mitsui is one of… Read More

Insurance Group Hippo Enters Issuing Carrier Relationship with Ally Financial Subsidiary, a 50 State Carrier

Hippo, the home insurance group that established a new standard of care and protection for homeowners, reveals that it entered a new issuing carrier relationship with Ally Financial Inc. (NYSE: ALLY) subsidiary, Motors Insurance Corp., which is reportedly a 50 State carrier. The deal will… Read More

Insurtech Funding Reaches All-Time High of $4.8B According to Quarterly Insurtech Briefing from Willis Towers Watson

Willis Towers Watson (NASDAQ: WLTW), a leading global advisory, broking and solutions company that assists customers across the globe with turning risk into “a path for growth,” has  published its latest Quarterly InsurTech Briefing (Q2), which notably marks the second installation of the 2021 series,… Read More

Hong Kong’s Digital Life Insurance Firm Blue Introduces Campaign for Free Post-Vaccination Protection Until July 31, 2021

Digital life insurance provider Blue has introduced the #WeSupport initiative to offer its clients with free post-vaccination protection from April 8, 2021 to  July 31, 2021. As noted by Blue’s management: “Blue is Hong Kong’s first digital life insurer – in fact we are more… Read More

London based Fintech Molo Finance, which Reimagines Mortgages, Partners Uinsure to Offer Digital Insurance Solutions

London-based Fintech firm Molo Finance, which focuses on reimagining mortgages, has teamed up with Uinsure to provide digital insurance solutions for the buy-to-let market. Molo Finance says it does not want to just “marginally improve” the mortgage process. Their goal is to “radically redesign the… Read More

U.S. Insurtech Versured Launches Commercial & Life Insurance

    Versured, a U.S.-based insurtech, announced on Monday the launch of its commercial and life insurance. Founded in 2019, Versured stated it was built on a foundation of trusted brokerage partners with broad insights and experiences. Our core value of trust has remained central to… Read More

U.S. Insurtech Trov Continues Presence in the UK By Offering Digital Renters Insurance

Trov, a U.S.-based insurtech company, announced earlier this week that it is expanding its presence in the UK by offering digital renter’s insurance. The company also revealed a new wave of consumers that will offer digital insurance that is powered by its technology, which includes… Read More

U.S. Insurtech Cogitate Extends Partnership With Global Data Analytics Provider Verisk to Enhance Insurance Platform

  Cogitate Technology Solution, a U.S.-based insurtech, recently announced its as extended its partnership with global data analytics provider Verisk to enhance its insurance platform. Cogitate reported that through the partnership it will source and integrate commercial lines data from Verisk into Cogitate’s flagship solution… Read More

Next Insurance Teams Up With Amazon Business to Provide EligibleSmall Businesses With Affordable Digital Insurance Options

  Next Insurance, an insurtech seeking to transform small business insurance, announced on Wednesday it has teamed up with Amazon Business to provide eligible members the opportunity to access customized small business insurance. According to Next Insurance, the collaboration will allow Business Prime members to… Read More

Next Insurance Set to Acquire Digital Insurance Agency AP Intego

Next Insurance, an insurtech seeking to transform small business insurance, announced on signed a definitive agreement to acquire AP Intego, a digital insurance agency that provides a suite of small commercial insurance products to small business software ecosystems in the U.S. Next Insurance reported that through… Read More

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