Tagged: insurance

Update: Honcho Extends Crowdcube Campaign; Now Nearing £875,000 in Funding

UK-based insurtech Honcho recently announced it has decided to extend its latest equity crowdfunding campaign on Crowdcube. The funding round originally sought to raise £700,000 and is now nearing £875,000. The initiative has attracted 455 investors.  As previously reported, Honcho is a reverse-auction marketplace where… Read More

Gemini Sets Up Firm, Nakamoto, to Insure Cryptocurrencies Custodied on Its Platform

Gemini, a compliance-oriented cryptocurrency trading platform owned by the Winklevoss brothers, has established an insurance company to insure cryptocurrencies it custodies on behalf of clients up to $200 million USD, according to a blog post. The new company, Nakamoto Ltd., will also sell insurance to… Read More

U.S. Insurtech Insurify Secures $23 Million Through Series A Funding Round to Expand Into Home & Life Insurance

Insurify, an AI-powered insurance comparison platform that’s based in the U.S., announced on Wednesday it secured $23 million through its Series A funding round, which was led by MTech Capital and Viola FinTech, with participation from Nationwide, Hearst Ventures, and MassMutual Ventures. Founded in 2013,… Read More

Venture Capital Firm Brewer Lane Ventures Launches; Hires Insurtech Vet Martha Notaras As Managing Partner

Brewer Lane Ventures, a U.S.-based venture capital firm focused on investing in the insurtech and fintech industries, it has officially launched and it has brought on Martha Notaras as Managing Partner. Notaras previously led XL Innovate, a leading property and casualty insurtech VC fund that invested in Cape… Read More

Overfunding: UK Insurtech Honcho Surpasses £700,000 Funding Target Through Latest Crowdcube Round

UK-based insurtech Honcho has successfully secured its initial £700,000 funding target through its latest Crowdcube round. The campaign comes less than two years after Honcho raised £829,370 on Crowdcube.  As previously reported, Honcho describes itself as a reverse-auction marketplace where insurers enter a competitive real-time… Read More

Sweden-Based Fintech Northmill Announces Addition of Savings Account With Deposit Insurance “Rebilla Reserve”

Northmill, a Fintech based in Sweden, announced on Tuesday the launch of its savings accounts with deposit insurance, called Rebilla Reserve. This news comes just a few months after the company received its banking license from the Swedish Financial Supervisory Authority (SFSA or Finansinspektionen). While… Read More

Insurtech: Bold Penguin, a Commercial Insurance Technology Firm, to Acquire xagent, an Excess and Surplus Brokerage Tech Platform

Bold Penguin, a commercial insurance technology (Insurtech) firm, is reportedly set to acquire xagent, an excess and surplus brokerage tech solution provider, so that it’s able to scale its services being offered to insurance carriers, brokers and agents. xagent says it will be integrating with… Read More

Insurtech Report: North America Is Experiencing the Highest Rate of Insurance Technology Adoption Due to Customer Spending Habits

The insurance technology (Insurtech) vendors aim to provide software that should simplify the decision-making process for clients. North America is reportedly experiencing the highest rate of Insurtech adoption because of how much customers in the area are spending on insurance-related products (according to a new… Read More

UK Insurtech Wrisk Teams Up With BMW Group Financial Services to Deliver MINI Flex Car Insurance

UK-based insurtech Wrisk recently announced it has partnered with BMW Group Financial Services to offer MINI Flex Car Insurance. Wrisk reported that now all new MINIs will be sold with three months’ free insurance to eligible car buyers in the UK through the insurance product,… Read More

Chilean Insurtech Jooycar Plans to Launch in the U.S. in 2020

Jooycar, a Chilean insurtech that is seeking to disrupt the auto insurance and telematics space in Latin America, is reportedly set to launch in the U.S. this upcoming year. According to Contxto, Jooycar is looking to expand its customized car insurance service to the U.S…. Read More

Hippo Insurance Announces New Partnership With National Mortgage Originator & Servicer Home Point Financial

Insurtech startup Hippo Insurance recently announced it has formed a new partnership with Home Point Financial, a national mortgage originator and servicer. Hippo reported that with its online application process integrated directly into the Home Point online mortgage platform, customers may now take advantage of… Read More

UK Insurtech Honcho Launches New Crowdcube Round; Now Seeking £700,000 in Funding

Less than two years after securing £829,370 through its previous equity crowdfunding campaign on Crowdcube, UK-based insurtech Honcho has returned to the funding platform to raise an additional £700,000 in funding. The company is offering 9.21% in equity at a £6,899,999 pre-money valuation.  As previously… Read More

UK Insurtech Found Launches Equity Crowdfunding Round on Seedrs

Found, a UK-based insurtech, is now seeking 250,000 through its equity crowdfunding round, which was launched on Seedrs. Founded in 2017, Found describes itself as an innovative, community-focused, technology-driven lost property management start-up with an exciting insurtech​ offering. “By reuniting the public with their lost… Read More

Insurtech: Gurugram, India-based Insurance Technology Firm Toffee Insurance Secures $5.5 Million via Series A Round

Gurugram, India-based insurance technology (Insurtech) firm Toffee Insurance revealed on December 17 that it had secured $5.5 million via a Series A investment round led by IVM Intersurer, Omidyar Network, Flourish Ventures, Accion Venture Lab and Kalaari Capital. Toffee says it will use the capital… Read More

U.S. Insurtech/Fintech Hourly Secures $7.15 Million Through Seed Funding Round Led By Aya Peterburg & Haim Sadger of S Capital

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Hourly, a U.S.-based insurtech/fintech that simplifies workers’ comp insurance, payroll and time tracking for small business owners, announced on Wednesday it secured $7.15 million through its latest seed funding round, which was led by Aya Peterburg and Haim Sadger of S Capital, with participation from Inovia Capital, J-Angels and… Read More

U.S. Insurtech Cover Whale Launches Truck Insurance Quote Platform

Cover Whale, a U.S.-based insurtech general agent, announced last week it has launched its new commercial truck insurance platform, BigRigInsure. According to Cover Whale, the platform provides a solution for Truck Insurance Quotes.  Founded earlier this year, Cover Whale has access to U.S.-based carriers with… Read More

Insurtech: Thailand’s “Full-Stack” Insurance Technology Firm Sunday Secures $11 Million Extension for its Series A Round

Thailand’s “full-stack” Insurtech Sunday recently revealed that it has secured an additional $11 million extension to its Series A round, which is led by Quona Capital, a Fintech VC firm whose funds are supported by Accion, along with contributions from existing investors such as Vertex…. Read More

Insurtech: Insurance Technology is Transforming how Real-Time and Predictive Data are Captured and used to Develop Products

Investments in the Insurtech industry have been increasing rapidly. They’ve grown from around $140 million in 2011 to about $4.9 billion as of 2018. QBE North America, an integrated specialist insurer that’s part of QBE Insurance Group Ltd, one of the world’s largest insurance providers,… Read More

UK Insurtech Startup Cuvva Secures £15 Million Through Series A Funding Round

Cuvva, an insurtech startup that is based in the UK, announced earlier this week it secured £15 million through its Series A funding round. Founded in 2015, Cuvva claims it is building a new kind of insurance that’s flexible, simple and jargon-free. The company noted… Read More

Trov Partners With Lloyds Banking Group to Launch White-Label Renters Insurance Application

Trov, a U.S.-based insurtech company, announced on Tuesday it has launched a new white-label renters insurance application app with Lloyds Banking Group. This news comes just a few months after the duo teamed up to launch Trov’s insurtech platform.  Trov reported that its technology enables… Read More

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