Tagged: insurance technology

January 19, 2021 @ 10:43 am By Samantha Hurst  |  

Jooycar, a Chilean insurtech that is seeking to disrupt the auto insurance and telematics space in Latin America, announced on Tuesday it has officially expanded its service to the U.S. with the launch of a GPS vehicle tracking solution. This launch comes less than six… Read More

January 18, 2021 @ 3:41 pm By Samantha Hurst  |  

    Bold Penguin, a U.S.-based commercial insurtech firm, recently announced it has been acquired by American Family Insurance Mutual Holding Company. As previously reported, Bold Penguin claims it launched a “high efficient” exchange that enhances the connection between customers, agents, and carriers while reducing… Read More

January 18, 2021 @ 3:09 pm By Samantha Hurst  |  

  Hiro, a UK-based insurtech startup, quickly secures £1.6 million through its equity crowdfunding campaign on Seedrs. The funding round, which originally sought to raise a minimum of £1.2 million, has so far attracted over 500 Seedrs investors.  As previously reported, Hiro describes itself as… Read More

January 17, 2021 @ 10:59 pm By Samantha Hurst  |  

  Porch Group, a U.S.-based vertical software company focused on the home services industry, recently announced it has acquired four companies and has begun to expand into insurtech. Founded in 2012 as an online home improvement network, Porch claims it has grown into the industry-leading… Read More

January 16, 2021 @ 10:44 pm By Omar Faridi  |  

Germany-based FRIDAY, an Insurtech firm which operates as a Baloise subsidiary, has hired  Nate Glissmeyer to serve as the company’s Chief Platform Officer and Robin Latz has also been recruited to lead the management at the insurance technology provider. The two new hires will be… 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

January 5, 2021 @ 9:44 am By Samantha Hurst  |  

    InsurTech NY, an insurtech community that is located in the New York metro area, announced on Tuesday it has opened the application window for their annual .2021 InsurTech Early-Stage Competition. According to InsurTech NY, the competition will award $200,000 in prizes to three winning… Read More

January 4, 2021 @ 11:22 pm By Omar Faridi  |  

Andrew King, Head of Synechron, a digital transformation consulting firm for financial services, notes that the exponential growth in digital transactions and data, along with regulatory developments, is changing the way companies are conducting business. King pointed out in an Op-Ed published by Insurance Business… Read More

December 26, 2020 @ 6:40 pm By Omar Faridi  |  

Insurtech.Rocks, a management and digital consulting firm focused on Switzerland’s insurance sector, has published its Swiss Insurtech Map for 2020. It features 20 insurance technology startups. Here are the 20 Insurtechs to look out for as we head into 2021: Insurtech firm Anivo offers insurance… Read More

December 24, 2020 @ 7:55 pm By Omar Faridi  |  

Hong Kong based ZA Tech, a technology venture launched by insurance firm ZhongAn Online and supported by the Softbank Vision Fund, has revealed that it teamed up with the holding company of digital wallet OVO. Through the partnership, both organizations will offer insurance providers in… Read More

December 16, 2020 @ 9:26 am By Samantha Hurst  |  

  Bestow, a U.S.-based insurtech that delivers algo powered life insurance underwriting, announced on Wednesday it raised $70 million through its Series C funding round from new and existing investors, including Breyer Capital, Valar Ventures, New Enterprise Associates, Core Innovation Ventures, Morpheus Ventures, and Sammons… Read More

December 13, 2020 @ 11:33 pm By Omar Faridi  |  

Switzerland-headquartered F10 Fintech Incubator and Accelerator has reportedly added several different insurance APIs from Baloise, a Swiss insurance holding firm. The APIs are now a part of the F10 Fintech Sandbox. This development aims to support Open Insurance services in the European country. Last year,… 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

December 7, 2020 @ 8:31 am By Samantha Hurst  |  

Luko, a France-based insurtech, announced on Monday it secured $60 million through its Series B investment round, which was led by EQT Ventures with participation Accel, Founders Fund, Speedinvest, and Orange Ventures. Launched in 2018, Luko claims it has reinvented home insurance with social responsibility… Read More

December 7, 2020 @ 7:29 am By Omar Faridi  |  

  The steady growth of the global Fintech economy and Israel’s role as a key player in this nascent sector has become more prominent during the past few years. Israel’s Fintech industry is evolving into a leading hub for companies throughout the world. Fintech covers… Read More

November 27, 2020 @ 6:59 am By Omar Faridi  |  

Germany-based digital insurance firm Getsafe has teamed up with GoCompare as it prepares to firmly establish its presence in the UK markets. Getsafe launched operations in the UK in February 2020 and it’s now planning to make app-based insurance services more accessible to UK residents…. Read More

November 25, 2020 @ 3:25 pm By Samantha Hurst  |  

  U.S. insurtech startup Hippo Insurance has joined forces with Kangaroo Home Security to bring customers flexibility and financial ease with home insurance. According to Hippo, the collaboration expands the suite of smart device kits available within Hippo’s expansive smart home program to include a… Read More

November 24, 2020 @ 11:25 am By Samantha Hurst  |  

  U.S. insurtech startup Hippo Insurance announced on Tuesday it scored $350 million investment and formed a partnership with Mitsui Sumitomo Insurance Company, Limited, a subsidiary of MS&AD Insurance Group Holdings, Inc. According to Hippo, the investment will support the insurtech’s product roll out in… Read More

November 23, 2020 @ 8:54 pm By Omar Faridi  |  

A Texas-based Insurtech firm has been able to grow its operations despite the socio-economic challenges created due to the COVID-19 pandemic. Bestow in Dallas has witnessed increased demand as it offers various life insurance plans through an all-digital service that allows customers to easily sign… Read More

November 18, 2020 @ 7:44 am By Omar Faridi  |  

Bdeo, an established Insurtech firm with offices in Spain and Latin America, has finalized a Series A investment round valued at €5 million. Bdeo’s latest round was led by BlackFin, a European investment company that’s focused on the financial services sector. Existing investors K Fund… Read More