Tagged: insurance

Insurtech Startup Zesty.ai Forms New Partnership With Aon to Improve Underwriting With Property Data Solution Powered By AI

Insurtech startup Zesty.ai has recently formed a new partnership with Aon plc (NYSE:AON), a global professional services firm providing a broad range of risk, retirement and health solutions, to enhance insurers’ underwriting through access to more than 130 billion data points on buildings and their… Read More

Canadian Insurtech Breathe Life Secures C$4.5 Million Through Latest Seed Funding Round Led By Diagram Ventures

Breathe Life, a Canada-based insurtech startup, has recently secured C$4.5 million through its latest seed funding round, which was led by Diagram Ventures with participation from Real Ventures. Founded in 2017, Breathe Life reports that its platform delivers a “modern customer-centric experience” with tools and… Read More

Insurtech Startup Hippo Insurance Partners With Neptune Flood to Create Online Home & Flood Insurance Solution

Insurtech startup Hippo Insurance announced on Thursday it has teamed up with Neptune Flood, a data-driven flood insurance company, to launch a new online home and flood insurance solution. Launched in 2017, Neptune Flood allows users to quote and buy flood insurance in under two minutes, removes the… Read More

Insurtech Platform Coverhound Secures $58 Million Through Series D Funding Round Led By Specialist Insurer Hiscox

CoverHound, the property and casualty (P&C) insurance platform for digital distribution, announced last week it secured $58 million through its Series D funding round, which was led by specialist insurer Hiscox, with participation from insurance providers Chubb, Aflac Ventures and Japan-based MS&AD. Founded in 2010, Coverhound offers digital shoppers instant quotes… Read More

Friendsurance CEO Tim Kunde Discusses New Business Brand, Bancassurance, Insurtech Trends & More…

The German digital insurance platform Friendsurance, which serves nearly 150,000 customers and works together with 175 insurance companies, now offers its digital bancassurance solutions under the new brand name Friendsurance Business. The expansion was made in  response to the increased demand from banks and insurance… Read More

Invia Flights Germany Partners With Insurtech Protection Platform Setoo to Provide Insurance Services

Insurance and protection-as-a-service company, Setoo, announced last week it has formed a new partnership with Invia Flights Germany GmbH, an Invia Group company, to independently design and distribute new types of insurance products that are personalized, transparent, and offer immediate compensation with no claim process required, Setoo reported that… Read More

Chinese P2P Lender Hexindai Announces Investor Insurance Coverage Agreement with Shanxi Zhengxuan Finance Guarantee

Chinese peer-to-peer lending platform Hexindai (NASDAQ: HX) announced on Friday it signed a cooperation agreement with Shanxi Zhengxuan Finance Guarantee Co., Ltd., which reportedly is controlled by the State-owned Assets Supervision and Administration Commission of the State Council (SASAC), to provide investors on its platform with insurance coverage that… Read More

MetLife Opens Applications For Second MetLife Digital Accelerator Program

MetLife, Inc. (NYSE: MET) announced that applications are now open for the second MetLife Digital Accelerator powered by Techstars. The insurance giant revealed that the MetLife Digital Accelerator identifies and mentors startups around the globe that are developing transformational capabilities and potentially industry-disrupting technologies in… Read More

UK Insurer Kingsbridge Acquires Insurtech Startup Dinghy

Dinghy, a UK-based insurtech platform specifically for freelancers, has been acquired from UK insurer Kingsbridge. This news comes just one year after Dinghy secured $1.2 million during its seed funding round led by Balderton Capital. As previously reported, Dinghy was founded in 2017 by co-founders Ben Wilks, Robert… Read More

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

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