Tagged: insurance

January 31, 2023 @ 10:21 pm By Omar Faridi  |  

Cowbell, the provider of cyber insurance for small and medium-sized enterprises (SMEs), announced the launch of Cowbell Academy, a unique institution that “offers insurance agents and brokers lessons on cyber insurance.” The program “includes general classes such as Cyber Insurance 101, assessments to help brokers… Read More

January 30, 2023 @ 10:40 pm By Omar Faridi  |  

Eazy Digital, a Thai insurtech startup that provides digital platforms for insurance companies, has raised US$850,000 in an oversubscribed seed funding round. The investment round was “led by Wavemaker Partners, with participation from Seedstars International Ventures, Wing Vasiksiri, and Sasin Bangkok Venture Club.” Eazy Digital… Read More

January 29, 2023 @ 11:08 pm By Omar Faridi  |  

Protecting and insuring against cyber risks are priorities for all companies and organizations. French cybersecurity firm EGERIE has raised 30 million euro, from investors with expertise in insurance and cybersecurity (Tikehau Capital, Open CNP, Banque des Territoires and TIIN Capital) in order “to help executives… Read More

January 22, 2023 @ 11:29 pm By Omar Faridi  |  

wefox, which claims to be one of the world’s leading Insurtechs, has appointed Rene Besenbäck as Head of Sales in Austria, with immediate effect. Rene Besenbäck will be “responsible for delivering sales for wefox Austria and working closely with the Head of Country, Rainer Vogelmann,… Read More

January 20, 2023 @ 3:33 pm By Omar Faridi  |  

Kin, the direct-to-consumer home insurance company built for “every new normal,” announced its expansion into South Carolina. Kin is entering the Palmetto State “to offer a seamless way for homeowners and landlords to protect their most valuable assets, despite being exposed to several risks.” South… Read More

January 15, 2023 @ 11:20 pm By Omar Faridi  |  

Zurich-headquartered startup TONI Digital has secured $12.5 million in a Series B funding round. The company is a digital insurance-as-a-service provider, “offering personal and commercial insurance lines such as motor insurance, payment protection insurance, and life solutions on top of its market-leading insurance technology platform.”… Read More

January 15, 2023 @ 9:34 pm By Omar Faridi  |  

International insurtech, bolttech, and Thailand’s mobile network operator, AIS, have partnered to deliver embedded protection services “including mobile device switch and replacement services to AIS customers for the recently-launched AIS Care+ program.” The AIS Care+ program “allows customers to switch or replace their smartphones and… Read More

January 15, 2023 @ 3:43 pm By Omar Faridi  |  

Cowbell, the provider of cyber insurance for small and medium-sized enterprises (SMEs), has released a new whitepaper, “Modeling Catastrophic Cyber Events”, which lays out a path to model catastrophic cyber events in the SME market. Cowbell’s goal is “to help SMEs prevent and recover from… Read More

January 14, 2023 @ 9:39 am By Omar Faridi  |  

actyv.ai, a Singapore-headquartered, category creator in the enterprise SaaS with embedded B2B BNPL and insurance space, has raised a total of $12 million “as part of Pre-Series A funding round from 1Digi Ventures, Singapore, the family office of Raghunath Subramanian, Founder and Global CEO of… Read More

January 11, 2023 @ 11:47 pm By Omar Faridi  |  

In Q3 2022, Insurtech companies globally “raised $1.6 billion in VC across 134 deals, representing a 51.1% decrease in QoQ deal value,” according to an update from Pitchbook. This was “the lowest amount of invested capital since Q2 2020 and the lowest deal count since… Read More

January 10, 2023 @ 8:09 am By Omar Faridi  |  

The team at Superscript is pleased to announce the completion of their £45 million ($54m USD) Series B funding round. The investment round was “led by existing investor BHL UK, owner of Comparethemarket, with participation from new investor and Fortune 500 insurer The Hartford.” Other… Read More

January 7, 2023 @ 12:27 pm By Omar Faridi  |  

Duck Creek Technologies (NASDAQ: DCT), the intelligent solutions provider defining the future of property and casualty (P&C) insurance, announced a definitive agreement “to acquire Imburse Payments, a Swiss-based modern payments platform.” Imburse’s cloud-native software-as-a-service (SaaS) payment solution is “built for the insurance industry.” The modern… Read More

January 6, 2023 @ 8:50 am By Omar Faridi  |  

International insurtech bolttech announced the appointment of Dr. Jens Schädler as Chief Executive Officer (CEO), Europe. Based in Switzerland, Jens will “provide strategic leadership across bolttech’s Europe operations, driving new and existing market and partnership growth.” Taking over from Andrew Cons, Jens’ role is “effective… Read More

January 4, 2023 @ 6:55 pm By Omar Faridi  |  

After years of growth, the US Insurtech market faces “a sharp decline in valuations,” according to an update from McKinsey & Company. McKinsey & Company notes that for nearly a decade, Insurtechs have “experienced rapid growth and skyrocketing valuations.” But in 2022, investors’ optimism has… Read More

January 4, 2023 @ 2:35 pm By Omar Faridi  |  

The team at Next Insurance is pleased to announce Employment Practices Liability Insurance (EPLI) is now “available with general liability in 28 states plus Washington, DC.” This expansion continues NEXT’s mission “to help entrepreneurs thrive by providing additional protection for business owners against lawsuits involving… Read More

January 1, 2023 @ 1:59 pm By Omar Faridi  |  

Halo Investing, the protective investment platform for today, and Ladder, the digital life insurance agency of tomorrow, announce their partnership. Advisors now have access to more life insurance options “with greater term flexibility, potentially saving policyholders up to 40%.” An all-digital architecture and real-time underwriting… Read More

December 26, 2022 @ 5:39 pm By Omar Faridi  |  

Cowbell, the provider of cyber insurance for small and medium-sized enterprises (SMEs), recently announced the launch of its Cybersecurity Advisory Board (CSAB). Expertise on the CSAB “includes CISOs, cybersecurity visionaries, former military officers, writers, public speakers, and attorneys.” The creation of the board accelerates Cowbell’s… Read More

December 21, 2022 @ 7:59 am By Omar Faridi  |  

When people left big cities during the COVID-19 pandemic, “sweetheart” deals (aka COVID deals) ran the residential rental market, according to an update from Insurtech firm Lemonde (NYSE:LMND). While a lot of renters negotiated some cheap deals, many now “fear they are at risk of… Read More

December 12, 2022 @ 8:10 pm By Omar Faridi  |  

One Inc, which claims to be the leading digital payments network for the insurance industry, announced that Arbella Insurance Group, a customer-focused, regional property, and casualty insurance company based in Massachusetts, has selected One Inc’s suite of digital payment solutions “with PremiumPay and ClaimsPay, for both… Read More

December 11, 2022 @ 5:22 pm By Omar Faridi  |  

We recently connected with Theresa Le Chief Claims Officer at Cowbell, which claims to be the leader in cyber insurance for small and medium-sized enterprises (SMEs). Cowbell is the provider of cyber insurance for SMEs and the “pioneer” of Adaptive Cyber Insurance. Cowbell reportedly “delivers… Read More