Tagged: insurance technology

October 19, 2020 @ 11:39 am By Samantha Hurst  |  

SageSure, a U.S.-based homeowner insurtech, recently announced the launch of its new line of commercial insurance products specifically for coastal businesses. Founded in 2005, SageSure describes itself as an innovation-focused insurance and technology company specializing in underserved property markets. “As the leading homeowners insurtech organization… Read More

October 19, 2020 @ 11:21 am By Samantha Hurst  |  

  Matic, a U.S.-based digital insurance agency, recently announced it secured $24 million through its latest investment round, which was led by IA Capital with participation from Cultivation Capital, Clocktower Technology Ventures, MTech Capital, The K Fund, Protection America, Nationwide Ventures, Anthemis Group, ManchesterStory, Franklin… Read More

October 16, 2020 @ 3:51 pm By Samantha Hurst  |  

  U.S.-based insurtech startup Pie Insurance recently announced it has exceeded $100 million in cumulative written premium and surpassed $100 million in annualized run rate premium. As previously reported, Pie describes itself as a fast-growing insurtech startup that offers workers’ compensation insurance directly to small businesses. The company revealed it… Read More

September 23, 2020 @ 8:18 pm By Omar Faridi  |  

Fintech firm Zenda.la has reportedly become the first Mexican company to get accepted to the IBM Hyper Protect Accelerator program, which is conducted through a partnership with Village Capital. Zenda’s management says that being accepted into the tech giant’s program is “especially relevant as we… Read More

September 17, 2020 @ 10:47 pm By Omar Faridi  |  

Insurance technology (Insurtech) has been evolving rapidly since the past few years. The COVID-19 outbreak has forced the sector to take a serious look at how it communicates with other industry professionals. A new Insurtech report questions and looks into whether agents can work effectively… Read More

August 18, 2020 @ 3:37 pm By Samantha Hurst  |  

Claimsforce, a Germany-based insurtech startup, reportedly secured €7 million through its Series A investment round, which was led by Notion Capital. According to Verdict, the round saw participation from Fly Ventures, Point Nine, and La Famiglia. Claimsforce explained it is on a mission to create… Read More

August 9, 2020 @ 2:52 pm By Omar Faridi  |  

One Inc, a provider of digital payment platforms for the insurance sector, recently revealed that it has acquired Invenger Technologies, Inc., which includes its online claims payment product, Invenger-InsurPay. Karen Furtado, partner at Strategy Meets Action, said that the acquisition of Invenger, including the digital… Read More

August 4, 2020 @ 3:27 pm By Samantha Hurst  |  

Just a couple of months after the closing of its latest investment round, which raised $127 million, insurtech startup Pie Insurance announced the launch of its new partner portal.  According to Pie, the portal uses proprietary technology that makes it easier for partner agents to… Read More

July 23, 2020 @ 9:16 pm By Samantha Hurst  |  

Insurtech NY, an insurtech community that is located in the New York metro area, announced earlier this week it will be accepting applications for its growth-stage InsurTech accelerator program. The application window will be open from July 21st to August 17th. According to Insurtech NY,  the… Read More

July 23, 2020 @ 9:11 pm By Samantha Hurst  |  

Branch, a U.S.-based insurtech startup, announced on Wednesday it secured $24 million through its Series A funding round, which was co-led by Greycroft and HSCM Bermuda with participation from American Family Ventures and Revolution’s Rise of the Rest Seed Fund. Founded in 2018, Branch claims… Read More

July 21, 2020 @ 8:49 pm By Omar Faridi  |  

Policybazaar, a digital insurance platform, is reportedly planning to conduct an initial public offering (IPO) next year at a valuation of more than $3.5 billion. If it’s successful, then it might potentially become the first of India’s major startups to carry out such a large… Read More

July 13, 2020 @ 4:09 pm By Omar Faridi  |  

Meltem Demirors, the Chief Strategy Officer of CoinShares, an investment company that manages $750 million in assets, and serves as a partner to investors and entrepreneurs focused on the digital asset ecosystem, recently questioned why Insurtech Lemonade (NYSE:LMND) is valued at around $4 billion on… Read More

July 13, 2020 @ 4:01 pm By Samantha Hurst  |  

Foxquilt, a Canada-based insurtech startup, recently announced it secured $3.5 million through its seed funding round. Founded in 2016, Foxquilt describes itself as an insurtech company that’s focused on empowering social groups and B2B networks to save on Small Business and Home insurance. “Our Insurance-as-a-Service… Read More

June 28, 2020 @ 10:57 pm By Samantha Hurst  |  

Insurtech NY, an insurtech community that is located in the New York metro area, recently announced plans to launch its NYC insurtech accelerator program. According to Insurtech NY, the program will take place in October 2020 and will start taking applications from growth-stage startups that… Read More

June 3, 2020 @ 3:27 pm By Samantha Hurst  |  

Insurtech startup Hippo Insurance announced on Wednesday it is set to acquire Spinnaker Insurance Company, a national property and casualty insurer. Hippo reported it has partnered with Spinnaker as its largest carrier platform since 2017, with Spinnaker-backed Hippo products currently available to consumers in nearly… Read More

May 23, 2020 @ 3:22 pm By Omar Faridi  |  

UK-based, By Miles, a pay-by-mile automobile insurance service provider, has secured £15 million in funding through a Series B investment round led by CommerzVentures. Existing investors Octopus Ventures, Insurtech Gateway and JamJar investments also took part in By Miles’ latest round. Established in October 2014… Read More

May 14, 2020 @ 4:51 pm By Samantha Hurst  |  

Zego, a UK-based insurtech, announced on Thursday it has expanded its partnership with insurer RSA to provide flexible insurance for van fleets. The company reported that with the partnership it is able to offer usage-based policies to delivery, courier, and trade van fleets for 20-200… Read More

May 8, 2020 @ 7:48 am By Omar Faridi  |  

Revenues from Fintech are expected to increase from $150 billion in 2018 to $500 billion by 2030 at an average annual growth rate that’s about 3x faster than the larger financial industry’s projected revenue growth, according to a recent report from UBS. The report notes… Read More

May 6, 2020 @ 10:47 pm By Omar Faridi  |  

More insurance technology (Insurtech)-related deals were finalized during Q1 2020, when compared with the same time period last year. However, overall funding for Insurtech dropped by 54% to $912 million, due to the COVID-19 outbreak and resulting economic uncertainty. This, according to Willis Towers Watson’s… Read More

May 4, 2020 @ 9:26 am By Samantha Hurst  |  

  Branch, a U.S.-based insurtech startup, announced on Monday it has launched in Texas. The launch notably marks the company’s fifth expansion since launching in August 2019. As previously reported, Branch “taps” into the power of community to make insurance accessible and affordable for everyone,… Read More