Tagged: embedded insurance

February 24, 2024 @ 10:33 am By Omar Faridi  |  

In line with its effort to enhance financial security for Malaysian families, PolicyStreet partners with neobanking service provider Vircle to introduce Vircle Club Protect—an exclusive embedded coverage “for children available to all Vircle VISA prepaid card subscribers.” Vircle, known for its parent-friendly e-money solutions, “empowers… Read More

September 6, 2023 @ 7:26 am By Omar Faridi  |  

Qover, which claims to be a leader in embedded insurance orchestration, announces the successful granting of a Financial Conduct Authority (FCA) full authorization. Following seven years of active operations in the UK market, this achievement ensures Qover’s continued growth “across the continent post-Brexit and underscores… Read More

July 9, 2023 @ 7:17 am By Omar Faridi  |  

Qover, an insurtech specialising in embedded insurance orchestration, has successfully closed a $30 million Series C up-round funding. The investment will fuel “the company’s growth trajectory, empower it to continue orchestrating innovative solutions, launch even more successful partnerships and propel it closer to achieving profitability… Read More

June 30, 2023 @ 7:54 am By Omar Faridi  |  

Qover, the Insurtech that is transforming the insurance industry with its orchestration technology, has announced a second partnership with Revolut, the global financial super app with more than 30 million retail customers worldwide, “to provide embedded insurance for its new trip and event cancellation cover.”… Read More

May 24, 2023 @ 11:53 am By Omar Faridi  |  

Mulberri, an AI-driven embedded insurance platform, today announced the launch of its Risk Engine, a first of its kind risk assessment offering “for workers compensation underwriters.” The Risk Engine, which is already being “deployed by customers like Paychex’s PEO department, uses machine learning models to… Read More

April 15, 2023 @ 4:17 pm By Omar Faridi  |  

StartupOS users will be able “to get quotes for coverages from Vouch without having to leave the StartupOS platform.” The team are pleased to announce their first embedded insurance API partnership with StartupOS. As noted in a blog post, StartupOS users will be able “to… Read More

November 1, 2022 @ 8:27 am By JD Alois  |  

Insurtech Cover Genius has raised $70 million in a Series D round led by Dawn Capital. New investors Atlas Merchant Capital joined with existing investors GSquared and King River Capital to fund the round. The round was said to be oversubscribed and came at a… Read More

July 12, 2022 @ 8:17 pm By Omar Faridi  |  

Ancileo, a Singapore-headquartered software as a service (SaaS) solution provider for the insurance sector, recently revealed that it acquired $3 million in seed funding from Fermion. As noted by Ancileo’s management, it will be able to gain access to around 230 banking institutions and 150… Read More

January 11, 2022 @ 4:12 pm By Omar Faridi  |  

Financial services have become a lot more accessible, seamless, and user-friendly in the past decade due largely to the rise of innovative Fintech platforms throughout the world. Traditional banking service providers have launched their own digital transformation strategies in order to remain competitive in a… Read More

November 8, 2021 @ 10:46 am By JD Alois  |  

Nimbla, an Insurtech startup, has announced a £5.1 million funding round led by Silicon Valley venture fund Fin VC with participation from Barclays Bank. Nimbla states that the funding will help it scale its operations with increased demand from embedded credit risk solutions through its… Read More

November 3, 2021 @ 8:06 pm By Omar Faridi  |  

Spanish financial institution CaixaBank has teamed up with B2B2C Insurtech platform bsurance in order to implement and test out embedded life insurance products. The collaboration is reportedly a part of CaixaBank’s open innovation program, Innsomnia. bsurance has been chosen along with seven other startups from… Read More

October 23, 2021 @ 7:48 am By Omar Faridi  |  

NEXT Insurance, the digital Insurtech firm transforming small business insurance, has announced the availability of NEXT Connect, a trusted embedded insurance solution for small business software ecosystems in the US. As mentioned in a release shared with Crowdfund Insider, NEXT Connect enables small businesses to… Read More

July 20, 2021 @ 8:36 am By Omar Faridi  |  

Leading UK-based insurer Hamilton Fraser has teamed up with Trov, a global provider of embedded insurance, according to an update shared with Crowdfund Insider. Along with Hamilton Fraser, Trov will be adding four new UK Proptech partners who will integrate Trov’s embedded renters’ insurance into… Read More

January 5, 2021 @ 11:07 pm By Omar Faridi  |  

Switzerland-based SafeSide Life, a digital life insurance solution provider, has teamed up with miira, a comparison platform for enhancing personal retirement planning (that’s powered by PostFinance’s Innovation Lab). Through the partnership, the companies will aim to improve how consumers analyze financial protection requirements and subsequently… Read More

December 28, 2020 @ 10:32 pm By Omar Faridi  |  

Sophie Guibaud, Chief Growth Officer at OpenPayd, a UK-headquartered API-based Banking-as-a-Service (BaaS) provider, notes that Fintech and other industries have had an “extraordinary” 2020. She pointed out that major scandals (like Wirecard) have “rocked the industry,” however, we’ve also seen significant progress that should help… Read More

December 13, 2020 @ 6:46 pm By Omar Faridi  |  

Simon Torrance, Advisor to Boards and Leadership teams on business model transformation, platform strategy, and digital ventures, claims that embedded insurance is a $3 trillion market opportunity, which may help “close the protection gap.” Torrance, a Senior Advisor at Rainmaking, explains that embedded insurance is… Read More