Tagged: insurance

Insurtech Akur8, the Insurance Pricing Solution, Selected by Spain’s MGS Seguros

Akur8, the insurance pricing solution, is pleased to announce that MGS Seguros has chosen its pricing platform. This new collaboration will empower its actuarial and pricing teams “to build powerful, explainable pricing models and establish a robust predictive modeling framework for its auto and home… Read More

Insurtech Kin, the Home Insurance Firm, Shares Latest Operating Results

Kin, the digital, direct-to-consumer home insurance company, today announced operating results through the fourth quarter ended December 31, 2023. Kin is reporting that it has “finished 2023 with $344.1 million in gross written premium and $104.5 million in total revenue.” Kin’s operating income landed at… Read More

Germany’s Insurtech wefox and Wind Tre Select HDI Embedded as Insurance Partner

wefox and Wind Tre have selected HDI Embedded as an insurance partner. The partnership enables greater coverage and “extended warranty solutions for customers of Italian mobile operator Wind Tre.” wefox, which claims to be the world’s leading insurtech, and Wind Tre, the Italian multi-service operator… Read More

Private Equity Investor LDC Invests in Insurtech Uinsure

Private equity investor LDC has invested in the Insurtech business Uinsure. Founded in 2007, Uinsure is a cloud-based tech platform “that connects financial intermediaries and lenders with a panel of the UK’s insurers, enabling its customers to arrange cover through a frictionless platform that has… Read More

Insurtech Shepherd Reports Series A Funding Round

Shepherd, an insurance provider for commercial construction, announced today it raised a $13.5 million Series A funding round led by Costanoa Ventures with participation from Intact Ventures, Era Ventures, Greenlight Re and Spark Capital. Shepherd combines insurance together “with software to help contractors save on… Read More

Global Insurtech Funding and Deals Slide to 6-Year Lows – Research Report

Global Insurtech funding and deals slide to 6-year lows in 2023, according to an update shared by CBInsights. Insurtech startups had a “brutal” 2023, with funding and deals reaching 6-year lows — in line with the broader venture slowdown, the team at CBInsights noted. Nevertheless,… Read More

CyberCube, the Enabler of Cyber Risk Analytics for Insurance Sector, Reports Steady Business Growth

CyberCube, the enabler of cyber risk analytics for the insurance industry, marked the end of a positive year of strong growth, “surpassing 100 insurance organizations licensing CyberCube solutions.” As the cyber insurance market grows in size and sophistication, analyzing, assessing, and quantifying the impact of… Read More

Global Ransomware Attacks Reached Record High in Past Year – Report

Corvus Insurance, the cyber underwriter powered by a proprietary AI-driven cyber risk platform, today released its Q4 2023 Ransomware Report. Featuring data collected from ransomware leak sites, the report shows “that while Q4 attacks were down slightly from Q3 2023, ransomware activity for the year… Read More

Insurtech Ansel Secures $20M via Round Led by Portage with Participation from Two Sigma Ventures, Others

Ansel, an insurtech on a mission to build a world where health hardships don’t create financial burdens, announced that it has raised a $20M round of funding “led by Portage, with participation from Two Sigma Ventures, Brewer Lane Ventures, SixThirty Ventures, Plug and Play Ventures,… Read More

Insurtech Akur8 Selected by Spanish Insurer MAPFRE to Enhance Pricing Capabilities

Akur8, the insurance pricing solution powered by transparent machine learning, is pleased to announce that MAPFRE, the 9th largest insurance company in Europe and the 17th largest insurer globally according to S&P Global Ratings, has reportedly “selected Akur8’s RISK and RATE modules.” This choice will… Read More

UK Insurtech Qover Introduces Motor Insurance Solution

Qover, an insurtech driven by a vision of creating a global safety net through insurance – announces the launch of its innovative motor insurance solution in the United Kingdom, which enables car manufacturers to “provide digital insurance programs across Europe.” In line with Qover‘s goal… Read More

Insurtech CoverForce Announces Addition of Cyber Insurance to API Toolkit

CoverForce, which claims to be the first independent API to deliver instant quotes and one-click binding from the insurance carriers, announced the addition of cyber insurance to its API toolkit. According to S&P Global, cyber is one of “the fastest-growing subsector of the insurance market… Read More

Germany based Insurtech Getsafe Announces Acquisition of Digital Platform for Student Loans

Getsafe, Europe’s neo-insurer based in Germany with over 550,000 customers, has acquired deineStudienfinanzierung, Germany’s digital platform for student loans. This acquisition is said to be a testament to Getsafe’s direct-to-consumer approach and the company’s focus on “guiding young people as they plan for their futures.”… Read More

Insurtech Akur8, the Insurance Pricing Solution Powered by Machine Learning, Partners with Quincy Mutual Group

Akur8, the insurance pricing solution powered by transparent machine learning, is pleased to announce its new partnership with Quincy Mutual Group, one of the oldest and “respected” regional mutual insurance companies in the United States, “offering a wide range of insurance products to protect the… Read More

Digital Insurance Firm Lemonade Extends Financing Relationship with General Catalyst

Lemonade (NYSE: LMND), the digital insurance company powered by AI and social impact, today announced the extension and expansion of its financing relationship with General Catalyst (GC) – AKA ‘Synthetic Agents’ – whereby GC “finances up to 80% of Lemonade’s spending specifically related to customer… Read More

Insurtech hyperexponential, the Pricing Decision Intelligence Software Provider, Announces Series B Round

hyperexponential, the global firm focused on pricing decision intelligence (PDI) software, announced completion of its $73m Series B funding round reportedly “led by global technology-focused investment firm Battery Ventures, with participation from leading Silicon Valley investor a16z, and existing Series A investor Highland Europe, which… Read More

Insurtech 2024 Outlook: Economy Will Pose Challenges for Private Fintech Insurance Service Providers, Industry Exec Predicts

NEXT Insurance’s CEO has shares his 2024 predictions with CI. In a detailed note, the firm has commented on key 2024 industry predictions, which are attributed to NEXT Insurance’s Guy Goldstein. Guy’s insights aim to reflect on the major developments and trends in the insurance… Read More

Insurtech CoverForce, the API Delivering Instant Quote and One-Click Bind from Insurance Carriers, Partners with NowCerts

CoverForce, the “independent “API delivering instant quote and one-click bind from the leading insurance carriers, announced a partnership with agency management system, NowCerts. Through this partnership, NowCerts has “launched an instant commercial lines quote and bind platform enabled by leveraging CoverForce’s API infrastructure.” Cyrus Karai,… Read More

Insurtech: Reinsurance Firms Will Start Offering Meaningful Cyber Capacity in 2024, According to CyberCube, a Cyber-Risk Analytics Firm

Traditional reinsurance companies will start offering meaningful cyber capacity in 2024 as cyber insurance is “one of the fastest growing lines of insurance to emerge in a generation,” according to the CEO of cyber risk analytics specialist, CyberCube. In a series of predictions from CyberCube… Read More

Lydia, Insurtech Qover to Enhance Insurance Experience for European Clients

Lydia, a mobile banking application, has partnered with insurtech Qover to introduce a seamless travel insurance experience. This offering is exclusively available “to Lydia’s premium cardholders, known as Black+ users, in Belgium, France, Portugal and Spain.” Qover’s embedded insurance orchestration platform is at the heart… Read More

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