Tagged: insurance

Global Insurtech Cover Genius Secures $10 Million Through Series B Funding Round Led By King River Capital

Global insurtech company Cover Genius announced last week it secured $10 million through its Series B funding round, which was led by King River Capital with participation from Belfer Family, Jasper Tans, Regal Funds Management, and Marinya Capital. Founded in 2014, Cover Genius claims to… Read More

Oxfam, Etherisc, and Aon Deliver to Handle Pay-Outs via Blockchain-based Agricultural Insurance Policies for Sri Lanka’s Smallholder Farmers

Oxfam’s Sri Lanka division, an organization working to end the injustices that cause poverty, announced on November 4 the success of the first season of its blockchain-powered delivery of microinsurance to Sri Lanka’s smallholder paddy field farmers. Etherisc, an Insurtech firm that’s creating a protocol… Read More

UK Insurtech Dinghy Appoints Dorian Zanker As New CEO

Dinghy, a UK-based insurtech platform specifically for freelancers, announced on Wednesday it has appointed Dorian Zanker as its new CEO. The company reported that the appointment is part of its strategy to accelerate its growth in the UK and international freelance business market. This news… Read More

Canadian Insurtech Apollo Enters U.S. Market

Apollo Exchange, a Canada-based insurtech startup, recently announced it has officially entered the U.S. insurance market. Apollo reported that it entered the American market with a liability insurance product tailored for educators in California. Its insurance product allows consultants, instructors, and therapists to purchase their… Read More

UK-based Challenger Bank Starling Teams Up With Nimbla to Provide Insurance Cover from Financial Losses

UK-based digital bank Starling teamed up with Nimbla, a digital insurance platform, in order to provide its 65,000 small business clients the ability to protect themselves from potential financial damages resulting from bankrupt customers. Starling’s business customers can avoid financial losses by acquiring insurance coverage… Read More

Global Insurance Accelerator Announces New Funding Structure for Future Cohorts

The Global Insurance Accelerator (GIA), an insurtech accelerator focused on supporting and promoting innovation for the insurance industry, announced on Wednesday changes to the funding structure beginning with the 2020 cohort, and applications are now open GIA reported that since its launch 36 startups accepted… Read More

U.S. Insurtech Spot Announces Launch of Injury Insurance Subscription

U.S.-based insurtech startup Spot announced on Friday it has launched its subscription-model injury coverage, which provides coverage for out-of-pocket expenses, including insurance deductibles. Founded in 2017, Spot described itself as an ambitious startup entering the insurance industry by opening an entirely new channel of distribution… Read More

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

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