Tagged: insurance technology

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

Insurtech Lemonade CEO Daniel Schreiber Shares Insights About their Unique Business Model

Daniel Schreiber, CEO at Insurtech Lemonade (NYSE:LMND), reveals that it’s now their 5th year in a row of givebacks. It’s actually grown 4000% across those years, Daniel notes, while adding that it has been growing quite steeply this year compared to 2020’s 100%+ growth. He… Read More

UK’s Insurer Hamilton Fraser Partners with Trov, a Provider of Embedded Insurance

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

Insurtech: Hong Kong’s Digital Insurance Firm Blue Launches New Outpatient Plan

Hong Kong-based digital life insurance firm Blue has confirmed the launch of its WeMedi Top Up (Outpatient) Protector, which is a top-up outpatient plan offered as part of the digital life insurance market. As noted by its management: “Blue is Hong Kong’s first digital life… Read More

Singapore Insurtech Bolttech Secures $180M via Series A led by Activant, Company Valued at $1B+

Singapore-based Insurtech company Bolttech recently revealed that it has finalized an oversubscribed $180 million Series A round which values the firm at over $1 billion, thus giving it Unicorn status just a year after it began operations. Bolttech’s investment round was led by Activant Capital… Read More

New Insurtech Hub for Wealth Management Introduced by Fintech SIMON Markets and FIG

A new Insurtech hub for wealth management has launched with a hybrid distribution model. Financial Independence Group has joined SIMON to provide a centralized digital platform for structured investments and various insurance products with “powerful” education and analytical tools. As mentioned in the update, wealth… Read More

Indian Insurtech RenewBuy Secures $45M via Series C led by Apis Growth Fund II

Gururam-headquartered Insurtech firm RenewBuy has acquired $45 million in capital through a Series C round that was led by Apis Growth Fund II, a private equity fund that’s overseen by UK-based Apis Partners LLP, a fund manager that focuses on growth-stage Fintechs. Haitong Securities served… Read More

Insurtech: Hellas Direct, a Tech-Driven Insurance Firm with Offices in Greece, Acquires €32M in Capital

Hellas Direct, a technology-driven insurance firm with business offices in Greece and Cyprus, reveals that it has acquired €32 million in capital as part of its latest funding round, bringing the total raised by the company to €56 million. Hellas Direct also welcomed the European… Read More

U.S. Insurtech Platform Trellis Raises $10 Million Through Series A Funding Round Led By QED Investors

Trellis Technologies, Inc., a U.S.-based insurtech platform, announced on Thursday it secured $10 million through its Series A funding round, which was led by QED Investors with participation from NYCA Partners and General Catalyst. Founded in 2019, Trellis explained it provides secure, digital solutions that… Read More

Google Cloud enabled, AI enhanced Cantonese Chatbot to be Offered by Hong Kong Insurer YF Life

Hong Kong-based insurance firm YF Life has partnered with HKBN Enterprise Solutions (HKBNES) in order to offer a Google Cloud-enabled Cantonese voice chatbot. The chatbot will be supporting insurance services and is expected to be introduced in early 2022. The chatbot uses Google Cloud‘s AI… Read More

Berlin’s Insurtech Unicorn wefox Secures $650M in Capital via Series C, Reports $3B Post Money Valuation

Berlin-based wefox, a leading digital insurance firm, has acquired $650 million in capital as part of a Series C round. wefox now reports a post-money valuation of $3 billion. This latest investment round represents the largest Series C to date for an Insurtech (internationally), according… Read More

U.S. Insurtech Mile Auto Scores $10.3 Million in Seed Funding to Expand Car Insurance Offering Throughout the Country

  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

U.S. Insurtech Super Scores $50 Million Through Series C Funding Round Led By Wells Fargo Strategic Capital

Super, a U.S.-based insurtech startup, announced on Wednesday it raised $50 million through its Series C investment round, which was led by Wells Fargo Strategic Capital with participation from Asahi Kasei, AAA – Auto Club Group, Gaingels, REACH, and the NATIONAL ASSOCIATION OF REALTORS’ strategic technology investment fund. Founded in 2015,… Read More

Joyn Insurance Teams Up With Commit USA to Support New Insurtech Platform

  Commit USA announced on Tuesday it has joined forces with Joyn Insurance to support Joyn’s new insurtech platform. Commit USA reported it was selected to help with both the design and development of the new platform’s user experience. Joyn reported underwrites commercial insurance in the Small and Middle… Read More

U.S. Insurtech Ethos Raises $200 Million Through Series D Investment Round; Boosts Valuation to $2 Billion

  Insurtech company Ethos announced on Tuesday it secured $200 million through its Series D funding round, which was led by General Catalyst, with participation from Sequoia Capital, Accel, GV (formerly Google Ventures),  Jay-Z’s Roc Nation, and Glade Brook Capital Partners. Ethos reported that the investment round… Read More

France’s Shift Technology, an SaaS Provider of AI based Decision Automation for Insurance, Secures $220M via Series D

France-based Shift Technology, an SaaS provider of AI-enhanced decision automation and optimization solutions for the insurance sector, recently revealed that it has finalized a $220 million Series D funding round. Shift Technology‘s latest investment round brings total investment in the company to $320 million along… Read More

Fintech and Insurtech Startups Accelerator F10 Switzerland to Support Sustainable Finance Initiatives

F10 Switzerland has reportedly graduated its second acceleration batch during an online startup event with several well-known attendees from the investor and corporate sector. F10 Switzerland is now accepting applications for its third accelerator – which aims to support sustainable finance and various services for… Read More

Expansion: U.S. Insurtech Kin Announces Landlord Insurance Launch in Louisiana

U.S. insurtech startup Kin Insurance announced earlier this week its agency, the Kin Insurance Network Distributor, is launching landlord insurance in Louisiana. As previously reported, Kin describes itself as an insurtech startup and licensed insurance carrier that is on a mission to fix home insurance through… Read More

Canadian Insurtech APOLLO Receives Coverholder Status With Lloyd’s of London

    Apollo Insurance Solutions Ltd. (TSXV: APLO Reserved), a Canadian online insurance provider, announced on Thursday it has secured coverholder status with Lloyd’s of London. APOLLO reported that the status gives it access to an expanded product portfolio and the ability to manufacture products… Read More

Expansion: U.S. Insurtech Branch Launches Home & Auto Coverage in Colorado & Oklahoma

    Branch, a U.S.-based insurtech startup, announced on Wednesday the expansion of its home and auto coverage in Colorado and Oklahoma. Founded in 2017, Branch explained that it “taps” into the power of the community to make insurance accessible and affordable for everyone, utilizing technology to… Read More

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