Tagged: insurance technology

March 15, 2021 @ 10:01 pm By Omar Faridi  |  

Malaysia-based Ouch!, a digital or online insurance company, has secured RM 1.5 million (appr. $360,000) in seed funding via a round led by Vynn Capital and Temokin, along with participation from several angel investors. The Ouch! team says it will use the capital raised from… Read More

March 15, 2021 @ 9:55 am By Samantha Hurst  |  

InsurTech NY, a global InsurTech hub, recently announced the winners of its 2021 Early-Stage InsurTech Competition at the InsurTech Spring Conference. According to Insurtech NY, winners were selected by judging panels grouped by their background – angel investors, venture capitalists, carrier and brokers, and the… Read More

March 8, 2021 @ 10:44 am By Samantha Hurst  |  

    AgentSync, a U.S.-based insurtech, announced on Monday it secured $25 million through its Series A funding round, which was led by Lead Gil and David Sacks’ Craft Ventures with participation from Benioff, Caffeinated Capital, Operator Collective, and Nine Four Ventures. The investment round… Read More

March 5, 2021 @ 11:12 pm By Omar Faridi  |  

  Singapore-based Symbo Platform Holdings, an Insurtech platform, has finalized a $9.4 million funding round that was led by the CreditEase Fintech Investment Fund. Symbo’s investment round included contributions from San Francisco’s investment company Think Investments along with investments from existing investors AJ Capital, Insignia… Read More

March 3, 2021 @ 9:56 pm By Omar Faridi  |  

Lemonade (NYSE:LMND), a fast-growing Insurtech that emerged as one of the most successful initial public offerings of 2020 (and recently launched life insurance), has released its Q4 2020 and full year 2020 financial results. In its Letter to Shareholders, which is posted to Lemonade’s Investor… Read More

March 2, 2021 @ 11:15 pm By Omar Faridi  |  

The Insurtech industry in Thailand has been growing steadily with firms in the sector consistently finalizing million-dollar investment rounds. Meanwhile, traditional insurance service providers in the country have been working on their digital transformation strategies in order to remain competitive, as foreign companies are also… Read More

February 24, 2021 @ 9:46 pm By Omar Faridi  |  

Pulse of Fintech H2’20, a bi-annual report on international Fintech investment developments released by KPMG, notes that global Fintech funding across mergers-and-acquisitions (M&A), private equity (PE) and venture capital (VC) stood at $105 billion across 2,861 different deals in 2020. This was reportedly the third-highest… Read More

February 19, 2021 @ 10:19 am By Samantha Hurst  |  

  Insurely, a Sweden-based open insurance platform, has reportedly secured €2.5 million through its latest investment round. According to Silicon Canals, the investment round was led by Swedish venture capital firm, Luminar Ventures.  Founded in 2005, Insurely states it is on a mission to digitize… Read More

February 11, 2021 @ 7:30 am By Omar Faridi  |  

Lemonade (NYSE:LMND), a fast-growing Insurtech that emerged as one of the most successful initial public offerings of 2020 (and recently launched life insurance), has teamed up with Bestow, a “full-stack” life insurance firm. Powered by Bestow’s Protect API, Lemonade clients may apply for “instant,” and… Read More

February 6, 2021 @ 5:23 pm By Omar Faridi  |  

Singapore-headquartered Insurtech firm CXA Group has reportedly decided to restructure its operations by selling off its brokerage division so that it can focus on the development and global expansion of its enterprise software-as-a-service (SaaS) platform. CXA stated that it will be selling its brokerage business… Read More

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