Tagged: insurance

US Insurer to Accept Crypto as Payment

Universal Fire & Casualty Insurance Company (UFCIC) now accepts cryptocurrency for premium payments, the company said today. UFCIC provides traditional property and casualty lines of business, including commercial property, general liability, inland marine, business owners’ policies (BOP), and commercial surety, and provides small business insurance. … Read More

AI enhanced Insurtech Tractable Acquires $60M via Series D Round led by Insight Partners, Georgian

Tractable, the AI firm assisting insurers with accident and disaster recovery, recently revealed that it has acquired $60 million through a Series D round that was led by Insight Partners and Georgian. Tractable’s latest investment round has now doubled the total raised by the firm… Read More

Insurtech: Malaysia’s myTukar, a Car Purchasing, Selling Service Partners PolicyStreet.com to Offer Insurance for Pre-Owned Cars

Malaysia-based myTukar, a pre-owned car purchasing and selling platform, has teamed up with Insurtech company PolicyStreet.com in order to provide insurance policies for pre-owned automobile purchases. Through the partnership, myTukar’s wholesale and retail clients may get timely insurance quotations along with convenient access to most… 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

Australian Insurtech Expense Check Secures AU$4 Million Global Expansion; Rebrands to Kanopi

Expense Check, an Australian insurtech, announced on Monday it raised AU$4 million through its latest investment round, which was led by Holland Insurance Company. The company also revealed that it has rebranded to Kanopi as it prepares to expand its local presence and launch into… Read More

Israel-Based Insurtech Parametrix Raises $17.5 Million Through Latest Investment Round

    Parametrix Insurance, an Israel-based insurtech startup, recently announced it secured $17.5 million through its latest investment round, which included participation from FirstMark Capital and F2 Ventures. Founded in 2019, Parametrix Insurance explained it provides insurance policies covering third-party IT downtime events such as… Read More

Blockchain Developer ChainSafe Receives Development Grant to Perform Native Integration of Chainlink into Cosmos SDK

ChainSafe has reportedly received a development grant to natively integrate Chainlink (LINK) into the Cosmos software development kit (SDK). As previously reported, the Chainlink Community Grant Program offers financial resources to the development teams and researchers creating a “more functional, accessible, and socially impactful” Chainlink… Read More

U.S. Insurtech Corvus Secures Additional $15 Million Through Series C Extension Round

  Just a couple of months after announcing it raised $100 million through its Series C investment round, U.S. insurtech Corvus announced it secured an additional $15 million through an extension of the round. As previously reported, Corvus Insurance is an AI-driven insurtech company that… Read More

Crypto Wealth Management Platform YIELD App Partners Steady State, a DeFi Insurance Protocol

YIELD App, which provides a convenient way to invest in decentralized finance (DeFi) using crypto-assets or traditional currencies (regardless of your financial or tech expertise), has teamed up with DeFi insurance protocol Steady State. As noted in an update from YIELD App, they’re looking forward… Read More

Hong Kong’s Digital Life Insurance Firm Blue Introduces Campaign for Free Post-Vaccination Protection Until July 31, 2021

Digital life insurance provider Blue has introduced the #WeSupport initiative to offer its clients with free post-vaccination protection from April 8, 2021 to  July 31, 2021. As noted by Blue’s management: “Blue is Hong Kong’s first digital life insurer – in fact we are more… Read More

DeFi Insurance Protocol InsurAce Introduces Multi-Chain Coverage Services on its Ethereum dApp

InsurAce, a DeFi insurance protocol, is introducing multi-chain insurance services on its Ethereum dApp (app.insurace.io), in order to offer insurance coverage to protocols and blockchain platforms like Ethereum, Binance Smart Chain (BSC), Huobi Eco Chain (HECO), Solana, Polygon, and Fantom. As mentioned in the announcement,… Read More

U.S.-Based Consumer Insurance Solution Waffle Secures $5 Million Through Seed Funding Round Led By Verve Ventures

Waffle, a U.S.-based consumer insurance solution, announced on Wednesday it raised $5 million through its seed funding round, which was led by Verve Ventures, with participation from BetterLabs Ventures and Techstars. The investment follows Waffle’s official launch in iOS and web, giving availability across all… Read More

Decentralized Insurance Protocol InsurAce and Dora Factory to Introduce New Initial DEX Offering

The developers of decentralized insurance protocol, InsurAce have partnered with Dora Factory,  in order to offer one of the industry’s first IDO (Initial DEX Offering) insurance products on PentaLaunch, an IDO platform that’s reportedly owned by Dora Factory. As mentioned in a release shared with… 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

Fintech Assets Experiencing Increased Demand as Big Data, AI, Data Analytics, Automation “Aggressively Disrupt” Sector: Report

As the world economy continued to rebound during the first quarter of 2021 (after the COVID-19 induced lockdowns across the globe), so too did international mergers and acquisitions (M&A) activity, according to a new report released by Pitchbook. Wylie Fernyhough, Senior Analyst, PE Lead, Pitchbook,… Read More

MoneyLion Joins Forces With NFP to Provide Nationwide Insurance & Financial Wellness Offerings to Members

  MoneyLion, a U.S.-based consumer digital finance platform, announced on Thursday it has teamed up with insurance broker NFP to provide its members with direct access to insurance and financial wellness offerings. MoneyLion reported that the offerings are to help its members support their financial… Read More

U.S. Insurtech Insurify Announces New Office in Bulgaria

  Insurify, an AI-powered insurance comparison platform that’s based in the U.S., announced on Thursday it has opened a new office in Bulgaria. The company also revealed it is growing its in-home insurance agency. Founded in 2013, Insurify stated its mission is to fix the broken… Read More

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