Tagged: insurance

Ping An’s OneConnect Signs MoU With Indonesia Insurtech Asuransi Sinarmas

OneConnect Financial Technology Co. Ltd. (OneConnect), an associate company of China’s insurance giant Ping An Group, announced on Wednesday it has signed a memorandum of understanding (MoU) with insurer Asuransi Sinarmas, a unit of Sinarmas. OneConnect reported that through the MoU it will enable Asuransi Sinarmas to… Read More

Insurtech Startup Kin Insurance Secures $47 Million Through Latest Investment Round

U.S. insurtech startup Kin Insurance announced on Wednesday it secured $47 million through its latest investment round. According to Kin, the funds will be used to launch its Kin Interinsurance Network, a Florida home insurance carrier. Founded in 2016, Kin describes itself as insurtech startup… Read More

Risk Mitigation: Assurely Co-Founder David Carpentier Shares Insight into Future of Insurtech & Online Capital Formation

Assurely is a unique Insurtech platform that is first targeting online capital formation platforms to provide a new level of confidence for the issuance of securities be they traditional or digital. The company was co-founded by two established entrepreneurs, CEO David Carpentier and Chief Insurance… Read More

U.S. Insurtech Startup ChronWell Secures $2.8 Million Through Latest investment Round

Chronwell, a U.S. insurtech startup for the workers’ compensation industry, announced earlier this week it secured $2.8 million in funding, which brings its total capital raised to $7.8 million Founded in 2017, Chronwell claims it is focused on providing the “highest level” of empathy-driven care… Read More

U.S. Insurtech Slice Teams Up With Sompo to Bring On-Demand Insurance to Asia

Slice Labs Inc., an on-demand insurance cloud platform provider, announced on Wednesday it has entered in a proof-of-value contract with Sompo to bring on-demand insurance to Asia. According to Slice, the new partnership brings on-demand insurance to the Asia Pacific region of Asia, the first… Read More

U.S. Insurtech Semsee Completes Pilot Program; Two Dozen Agencies Use Platform to Quote Business Owners Policies & epsent $450,000 in Premiums

Semsee, a U.S.-based insurtech startup that is focused on streamlining workflows for independent insurance agents and wholesalers, announced today the end of a successful three-month pilot program. Founded in 2017, Sense describes itself as an independent insurance agent’s go-to platform for quoting small commercial business… Read More

Scotiabank Announces Bancassurance Strategic Alliance With Insurance Unit BNP Paribas Cardif in Pacific Alliance Countries

Scotiabank announced on Thursday it has formed a partnership with BNP Paribas Cardif, the insurance unit of BNP Paribas, as part of its efforts to bring more customer-centric solutions to its customers in the Pacific Alliance Countries. According to Scotiabank, the partnership involves the development… Read More

Arturo Announces New Partnership with Insurtech Hippo Insurance

Arturo, a deep-learning property analytics company incubated within American Family Insurance, recently announced it has formed a partnership with insurtech startup Hippo Insurance.  Arturo reported that its property analysis capabilities, which provides near-real-time physical property characteristics, now integrates with Hippo’s proprietary policy management system. “Arturo’s… Read More

China Lending Announces New Partnership With Rui Xin Insurance Technology

China Lending Corporation (NASDAQ: CLDC), a non-bank financial corporation servicing micro, small and medium-sized enterprises in China, announced earlier this week it has entered into a five-year strategic partnership agreement with Rui Xin Insurance Technology (Ningbo) Co., Ltd, a fintech company providing comprehensive insurance solutions…. Read More

UK Insurtech AkinovA Announces Launch of Series B Investment Round

AkinovA, a UK-based insurtech, announced last week it is now seeking funds through its Series B investment round. Founded in 2017, AkinovA is building an electronic marketplace for the transfer and trading of (re)insurance risks. “By working in collaboration and partnership with the insurance industry,… Read More

Insurtech Startup Singapore Life Receives $90 Million Investment From Sumitomo Life Insurance

Singapore Life, a Singapore-based insurtech startup, has reportedly received a $90 million investment from Sumitomo Life Insurance. Founded in 2014, Singapore Life describes itself as a life insurance company fully licensed by the Monetary Authority of Singapore that is built on the belief that “the… Read More

Belgium-Based Insurtech Qover Secures €8 Million Through Latest Funding Round Led By Alven & Portag3

Qover, a Belgium insurtech for digital businesses, recently announced it has raised €8 million through its latest funding round,  led by Alven and Portag3 Ventures with participation from Anthemis. Founded in 2016, Qover reported its insurance products insure nearly 50,000 individuals across eight European countries…. Read More

Starling Bank Announces New Collaboration With Direct Line Group to Allow Customers to Apply For Home Insurance Through In-App Marketplace

UK-based digital banking platform Starling Bank announced on Tuesday it has formed a new partnership with Direct Line Group to allow current account customers to apply for home insurance directly through Starling’s in-app marketplace. According to Starling, the partnership will enable customers to securely connect… Read More

PINTEC Announces Expansion of Partnership With Insurtech 1an For Overseas Accident Insurance Package

Chinese fintech Pintec Technology Holdings Limited (PINTEC) announced on Wednesday it has extended its partnership with  1an.com, an insurtech company based in Shenzhen, to offer overseas accidental insurance package. PINTEC reported it provides 1an with insurance brokerage solutions and has developed customized overseas accident insurance… Read More

German Insurtech Startup Getsafe Secures $17 Million Through Series A Funding Round Led By Earlybird

Getsafe, a Germany-based insurtech startup, announced on Thursday it secured $17 million through its Series A funding round, which was notably led by Earlybird with participation from CommerzVentures and other existing investors. Founded in 2014, Getsafe claims it is looking to reinvent insurtech and is… Read More

SoFi Forms New Partnerships With Lemonade & Root to Expand Portfolio Of Offerings to Include Homeowners/Renters Insurance

Online lending platform SoFi announced on Monday it has formed two partnerships with insurtechs Lemonade and Root to expand its portfolio of offerings to its members to include homeowners and renters insurance. SoFi reported that the partnerships round out its insurance offerings, giving members access… Read More

CoverWallet Teams Up With Zurich insurance Group to Launch Online Platform for SME Insurance in Switzerland

Zurich Insurance Group (VTX:ZURN), one of the largest global insurance companies, and CoverWallet, the tech company that is the easiest way to understand, buy, and manage business insurance online, announced earlier this week they have teamed up to launch an online platform for SME insurance in… Read More

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

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