Tagged: insurance

LendingTree Completes Acquisition of QuoteWizard & Announces Revolving Credit Facility Amendment

Online lending exchange LendingTree(NASDAQ: TREE) announced earlier this week it has completed the acquisition of insurance comparison marketplace, QuoteWizard. As previously reported, QuoteWizard has helped nearly 40 million consumers find their ideal insurance policy with top-tier insurance carriers across key insurance markets, which are auto, home, and… Read More

LendingTree Set to Acquire Insurance Comparison Marketplace QuoteWizard

Online lending exchange LendingTree(NASDAQ: TREE) announced last week it is now set to acquire insurance comparison marketplace, QuoteWizard. According to LendingTree, QuoteWizard has helped nearly 40 million consumers find their ideal insurance policy with top-tier insurance carriers across key insurance markets, which are auto, home, and health…. Read More

Credit Karma Announces Expansion into Insurance; Launches Auto Insurance Offers in California & Texas

Credit Karma announced earlier this week it is now offering car insurance in Texas and California. Credit Karma’s members in those states are now able to see what they could be paying for auto insurance based on what members like them are paying for the same coverage…. Read More

German Insurtech Simplesurance Receives $11.5 Million Investment From TMHD & ODDO BHF

German insurtech Simplesurance has reportedly secured $11.5 million investment from multinational insurance company TMHD and  Franco-German financial group ODDO BHF. This news comes just a few months after Simplesurance raised $24 million during its Series C funding round, which was led by Allianz X.  As previously reported, Simplesurance was founded in… Read More

American Insurance Firm Travelers Acquires Major Stake in Canadian Insurtech Zensurance

Travelers, a U.S.-based insurance firm, has reportedly acquired a major stake in Canadian insurtech startup Zensurance. Founded in 2016, Zensurance claims it is leading the technology revolution in the insurance industry. The company, which uses data and analytics to identify most common risks, is able to… Read More

Chinese Insurtech ZhongAn Technology Launches One-Stop Claims Service e-Platform For Insurers

Chinese insurtech ZhongAn Online P & C Insurance Co., Ltd. recently announced its wholly-owned subsidiary ZhongAn Technology has launched its Software-as-a-Service (SaaS) platform, ZhongAn Technology Intelligent Open Platform for Insurers, with AXA Tianping, a foreign property and casualty insurance company. According to ZhongAn,  the new platform… Read More

U.S. Insurtech Embroker Launches Fully Digital Directors & Officers Insurance Policy

Embroker, a modern business insurance platform designed to improve how companies of all sizes buy and manage insurance coverage, announced on Wednesday the launch of its fully digital directors and officers (D&O) insurance policy, specifically designed for venture capital (VC) backed tech startups. Embroker reported that the… Read More

Asian Insurer MSIG Insurance Announces Partnership with Plug and Play

Asian general insurer MSIG Insurance announced on Monday it has formed a strategic partnership with global startup accelerator and corporate innovation platform Plug and Play to promote innovation within the general insurance space. MSIG reported it will become a founding anchor partner of Plug and Play’s… Read More

XL Catlin Teams Up With Insurtech Slice to Build On-Demand Cyber Insurance Solution

Slice Labs, a U.S.-based insurtech firm, announced earlier this week that it has teamed up with insurer XL Catlin to create an on-demand cyber insurance solution for small and medium-sized business. According to Slice, the solution will be built on the Slice Insurance Cloud Services… Read More

Fineqia Purchases Stake in Blockchain Startup Black Insurance

Fineqia International Inc. (CSE: FNQ) (OTCPink: FNQQF) (Frankfurt: FNQA) announced on Monday it is taking an equity allocation in Black Insurance, a digital insurance blockchain startup. According to Fineqia, Black intends to become a licensed insurer and enable the underwriting of new insurance policies through insurance syndicates… Read More

Insurance Group CoverWallet Debuts Commerican Insurance API

New York City-based insurtech startup CoverWallet announced on Tuesday the launch of its new API for commercial insurance, CoverWallet API. The new API allows developers and businesses to now integrate insurance services and solutions directly into their apps and websites within a matter of minutes. CoverWallet reported… Read More

Robert Downey Jr.’s Downey Ventures & Will Smith’s Smith Family Circle Invest in Insurtech Startup Ethos

On Thursday, insurtech startup Ethos announced it secured $11.5 million through its latest financing round, which was led by Sequoia Capital with participation from Robert Downey Jr.’s Downey Ventures, Kevin Durant’s Durant Company, Will Smith’s Smith Family Circle, and a credit facility from Silicon Valley Bank. Founded in 2016, Ethos describes… Read More

ING Partners With AXA to Create Global Insurance Platform

ING and AXA announced on Wednesday they have formed an exclusive, long-term, multi-country bancassurance partnership to provide insurance products and related services through a central digital insurance platform. The companies reported that under this new partnership, ING will bring its digital banking experience and AXA… Read More

UK Insurtech Laka Secures £1.1 Million During Seed Funding Round Led By Tune Protect Group

Laka, a UK-based insurtech startup, announced on Thursday it has kicked off its global expansion by securing £1.1 million through its seed funding round, which was led by financial holding company Tune Protect Group Berhad with participation from 500 Startups.  The company, which was founded… Read More

Insurtech Platform For Event Goers TicketGuardian Debut Two Consumer Insurance Products

TicketGuardian, an insurtech startup that’s aiming to shake up the ‘no refunds’ standard of live events ticketing, announced on Thursday the launch of two new consumer-facing insurance products,  FanShield and RegShield, which give policy owners better coverage for both ticketed live events, and registered events. While… Read More

London Insurtech Flock Raises £2.25 Million Through Seed Funding Round to Expand On-Demand Drone Insurance

Flock, a London-based insurtech, announced on Tuesday it raised £2.25 million through its Seed funding round from a range of global investors. Flock reported that the round was led by Anthemis, a VC focused on Fintech and Insurtech investments. Other investors included Silicon Valley’s Plug and… Read More

Hellas Direct Forms New Partnership With Revolut

Hellas Direct, a Greece-based insurtech platform, announced last week it has teamed up with Revolut to “shake up” the insurance industry in Greece and Cyprus. According to Hellas, the new partnership is aiming to improve customer experience and further drive transparency. The announced of Revolute partnership… Read More

CoverWallet Announces Insurtech Platform Expansion to Hanover Insurance Group Agents

Small business insurance startup CoverWallet announced this week it has expanded its insurtech B2B platform for carriers and agents to the Hanover Insurance Group, which is notably the first carrier to use the platform’s technology. According to CoverWallet, the CoverWallet B2B platform provides real-time quoting, underwriting,… Read More

Midrive to Close Crowdcube Round With Nearly £2.4 Million in Funding

UK-based insurance company Midrive is set to close its equity crowdfunding campaign on Crowdcube with nearly £2.4 million in funding from more than 760 investors. Founded in 2013, Midrive has more than 300,000 members throughout the UK and reported its instructor network has grown to be one of… Read More

UK Insurtech Midrive Surpasses £2.1 Million During the Final Days on Crowdcube

With its equity crowdfunding campaign on Crowdcube set to close this upcoming weekend, UK-based insurtech Midrive has surpassed £2.1 million thanks to nearly 700 investors. As previously reported, Midrive was founded in 2013 and reported it has over 300,000 throughout the UK and reported its instructor… Read More

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