Tagged: insurance

Insurtech Getsafe Reaches 50K Customer Milestone, Introduces Buildings Insurance in UK

Trafalgar Square London England UK

Following its “successful” growth in the British market, Getsafe is expanding its portfolio and “introducing its digital buildings and contents home insurance product.” As noted in an update shared with CI, the new product “bears much of the DNA which has made Getsafe so popular… Read More

UK Insurtech Cuvva to Acquire Capital via Crowdfunding Campaign to Accelerate Growth of Car Sharing

British Poud Money Churchill England Insurtech

Millions of Brits hold a driving license but don’t have “access to a car,” according to an update shared with CI. The “rigid” nature and upfront cost of annual car insurance combined with continuously rising costs of running a car “prompted” car insurance provider, Cuvva… Read More

Rewire Insurance to Cover Migrants’ Families in the Philippines

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Rewire, the first digital financial services platform for migrant workers worldwide, has expanded its insurance provision “for Filipino customers in the UK and Europe to cover their families living in the Philippines.” Filipino migrants in the UK and Europe can now “buy three additional coverage… Read More

Inurtech: Pie Insurance Continues Leadership Team Expansion with Key Appointments

Tarte tatin pie food

Pie Insurance, an Insurtech specializing in workers’ comp insurance for small businesses, announced it appointed leadership team members “including David Samuels as the first chief commercial officer, Dimitrius King as the first chief claims officer, Kelly North as vice president of business development, and Jen… Read More

Insurtech Cover Whale Reaches $100M Premium Milestone

orca whale killer whale

Cover Whale Insurance Solutions, Inc., a commercial auto Insurtech that’s using data to “make our nation’s roads safer,” recently announced today that it has “exceeded $100 million in written premium.” During the two years since its founding, Cover Whale has “stealthily revolutionized the world of… Read More

Insurtech Industry Report: 20% of Insurance Professionals Reported Changing Companies in 2021 due to Salary Requirements

alex knight Insurtech

Vertafore, which claims to be the leader in modern insurance tech, recently released its annual insurance workforce survey report, titled “The Insurance Agency Workforce: Evolving into the next normal.” Based on responses from over 1,300 insurance professionals, the report “includes insights on how independent agencies… Read More

Insurtech: Elpha Secure Introduces Cyber Insurance Offering via Socotra’s Cloud Platform

Insurtech

Elpha Secure, a cybersecurity startup that offers cyber insurance combined with security software to small businesses, has chosen Socotra “to complement its proprietary technology and launch a new cyber insurance product for a variety of industries.” In order to bring its new product to market,… Read More

Insurtech: Hong Kong’s OneDegree, Munich Re to Introduce a Digital Asset Insurance Product

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Hong Kong’s insurance firm OneDegree recently revealed that it has agreed to a 3-year  partnership with Munich Re in order to introduce OneInfinity, a digital asset insurance product. As noted in the update, OneInfinity is an insurance and tech product offering developed specifically for digital… Read More

Digital Insurance Advisory Sherpa Secures Investment from Insurtech Unicorn bolttech

Insurtech

Sherpa recently announced that it has received a “strategic” investment from bolttech, the international insurtech unicorn, “as part of a collaboration to expand the international presence of the digital insurance and protection advisory tool, Sherpa Score.” Sherpa Score is “a data-driven advisory platform that provides… Read More

Insurtech Lemonade Announces Launch of Lemonade Car in Tennessee

Jaguar Car Auto Red Fast

Lemonade (NYSE:LMND), the digital insurance firm that’s powered by social impact, recently announced the launch of Lemonade Car in Tennessee. Following the initial launch in Illinois, Tennessee “marks the second state to feature availability of Lemonade’s newest environment-friendly product.” Hitting “record” snow averages this winter… Read More

Lemonade Foundation to Leverage Blockchain to Protect Subsistence Farmers from Climate Change

lemons fruit yellow

The Lemonade Foundation, the nonprofit founded by Lemonade to “effect exponential social and environmental impact” via technology, has announced the “formation of the Lemonade Crypto Climate Coalition.” The coalition is being “constituted as a Decentralized Autonomous Organization (DAO), dedicated to building and distributing at-cost, instantaneous,… Read More

Policygenius Attracts $125M to Grow Insurance Offerings

Spring Flower Green Plant Grow

Policygenius, an insurance distribution platform, today announced the closing of $125 million of new growth capital, bringing the company’s total funding to more than $250 million. The company will use the new capital to continue to invest in the growth of its core businesses of life, disability, home,… Read More

Insurtech RenewBuy, a Digital Insurance Marketplace, Acquires Fintech Artivatic.AI

alex knight Insurtech

Digital insurance marketplace RenewBuy has reportedly acquired Bengaluru-headquartered Fintech firm Artivatic.AI. The strategic acquisition by RenewBuy has been made as it aims to scale its operations and further enhance its tech stack to address the requirements of clients in insurance claim settlement, risk assessment and… Read More

Overfunding: UK Insurtech Pikl Secures £1.96M+ from 285 Investors via Seedrs

Adam Smith on iPhone X Money Pounds UK

Pikl, a fast-growing Insurtech business offering solutions that enable the Sharing Economy to thrive, has secured 109% (£1,967,791) of its £1,800,006 target with 26 days left in the firm’s crowdfunding campaign carried out via Seedrs. Located in Norwich, United Kingdom, Pikl operates in the finance… Read More

Insurtech: Digital Bank Revolut Announces Launch of Pet Insurance

Golden Retreiver Wet Dog

Fintech Revolut, the financial super app with nearly 4 million UK clients, has announced the launch of Pet Insurance. As mentioned in the update, the stand-alone product aims to reinforce Revolut’s existing insurance product offering including travel insurance, purchase protection, and ticket- and missed event… Read More

Boost, the Fintech Unit of Axiata Digital, to Expand Products, Strengthen Regional Presence

Asia

Axiata Digital’s Fintech division Boost is reportedly planning to expand its products and services while strengthening its regional presence. The firm announced these plans after a year of steady growth in revenues and product innovation. Boost reveals that its client base increased to more than… Read More

Sayata Extends Series A Funding Round to $52M to Make Business Insurance More Accessible

alex knight Insurtech

Sayata, the marketplace for insurance brokers and carriers to scale their business insurance portfolios, recently announced the addition of $35 million to the previous $17 million secured just five months ago, for a total A round valued at $52 million. The additional raise has reportedly… Read More

Embroker Explains Why You Should Look into a Commercial Crime Policy, Cyber Liability Insurance

Theft Crime Steal Rob

Embroker, which claims that it offers the easiest way to intelligently insure any business, notes that making sure your business is prepared and protected in any incident “should be top of mind.” Embroker writes in a blog post that a commercial crime policy “aims to protect… Read More

Hippo Teams Up with Socotra to Support Hippo’s Homeowners Association Insurance Product

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Hippo (NYSE: HIPO), the home insurance group that formed a new standard of care and protection for homeowners, recently announced an expansion of the firm’s Commercial Lines homeowners association (HOA) insurance into new markets “following initial positive traction and engagement since its launch in August… Read More

Fintech Adoption to Continue in 2022 with Financial Inclusion, Green Investments, Online Trading, Remittance Payments As Key Focus Areas

Fintech New York City

Financial services have become a lot more accessible, seamless, and user-friendly in the past decade due largely to the rise of innovative Fintech platforms throughout the world. Traditional banking service providers have launched their own digital transformation strategies in order to remain competitive in a… Read More

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