Tagged: insurance

BNP Paribas Launches New Investment Fund For Financial Services & Insurance

BNP Paribas, the global Top-10 bank headquartered in France, announced this week it is launching its very own investment fund that dedicated to financial services and insurance. The company reported that the new fund will be managed by BNP Paribas Capital Partners, an arm of BNP Paribas Asset… Read More

Former SoFi SVP Brad Simmons Named CMO of Insurtech Startup Health IQ

California insurtech Health IQ Insurance Services (Health IQ), announced on Thursday it has appointed Brad Simmons as Chief Marketing Officer, a newly created position on its senior leadership team. According to HealthIQ, Simmons brings over 15 years of experience in developing large scale customer acquisition… Read More

New York Insurtech CoverWallet Announces Partnership With Zurich Insurance to Launch New Digital Platform in Europe

CoverWallet, a New York-based insurtech startup, announced this week it has formed a partnership with Zurich Insurance to provide SMEs in Europe with a way to quickly size up their insurance needs, purchase coverage and manage their policies through a single digital platform. While sharing details… Read More

Hippo Opens New Office in Texas Just Weeks After Announcing $25 Million Series B Investment

Less than a month after Hippo announced it secured $25 million through its Series B round, the California-based insurtech company announced the opening of its second office in downtown Austin. While sharing details about the new Texas location, Assaf Wand, Hippo Co-Founder and CEO, stated: “Hippo is… Read More

London Fintech MarketInvoice Announces Partnership With Trade-Credit Insurance Firm Euler Hermes

Peer-to-peer invoice finance platform, MarketInvoice, announced this week it has formed a partnership with trade-credit insurance firm Euler Hermes to provide credit insurance policies to its customers in order to safeguard their businesses. This news comes just a few months after MarketInvoice added business loans to its invoice finance… Read More

London Insurtech InMyBag Now Seeking £500,000 on Seedrs

InMyBag, a London-based specialist tech insurer, is now seeking £500,000 through its equity crowdfunding campaign on Seedrs. Founded in 2016, InMyBag is described as the “savior” of mobile professionals because it protects devices and data from loss, theft, and damage through its insurance plans. “InMyBag offers insurance… Read More

UK-Based Insurtech Honcho Completes Crowdcube Round With Nearly £850,000 in Funding

Over the weekend, UK-based insurtech Honcho completed its equity crowdfunding round on Crowdcube with a total of £849,880 secured from 712 investors. The campaign was launched in December and successfully raised its initial £650,000 days before the funding closed. As previously reported, Honcho is described as a reverse-auction marketplace… Read More

California Insurtech Hippo Announces Partnership With Spinnaker Insurance

On Wednesday, California-based insurtech company Hippo announced it has formed a strategic partnership with Spinnaker INsurance Company. The company revealed that through the new collaboration, it will expand to new states and bring its smart home coverage to over 60% of the U.S. population by… Read More

Data Science Company CLARA Raises $11.5 Million Through Series A Funding Round For AI Insurtech Claim Solutions

Artificial intelligence (AI) and data science company, CLARA Analytics, announced on Thursday it raised $11.5 million Series A funding round led by OAK HC/FT for its AI insurtech claim solutions. Founded in 2016, CLARA Analytics states it builds easy-to-use, AI/machine-learning based products. The company revealed: “Today, solutions… Read More

Overfunding: Honcho Surpasses £650,000 Funding Target on Crowdcube

Honcho, a UK-based reverse-auction marketplace where insurers enter a competitive real-time bidding process to offer the best price to customers, has successfully secured its initial £650,000 funding target from more than 475 investors on equity crowdfunding platform Crowdcube. As previously reported, the platform is aiming to launch… Read More

Global Consulting & Actuarial Firm Milliman Launches New Cloud-Based Insurtech Solutions Process

On Wednesday, global consulting and actuarial firm Milliman announced it has launched its new cloud-based insurtech solutions process, Arius Enterprise. According to the company,  Arius Enterprise is part of its Arius family of solutions and relies on the Arius software to provide the analysis and… Read More

Root Insurance Now Approved to Sell Auto Insurance in Mississippi

This week, insurance company Root Insurance announced it is now able to offer its services to drivers in Mississippi. The company stated: “That’s right Mississippi, we’ve arrived, and we’re here to save you from paying too much for car insurance. Because if you’re a good… Read More

Honcho Looks to Raise £650,000 Through Crowdcube For Upcoming Insurance Platform

Honcho, a UK-based reverse-auction marketplace where insurers enter a competitive real-time bidding process to offer the best price to customers, has launched an equity crowdfunding campaign on Crowdcube seeking £650,000 as it prepares to launch its upcoming platform. The company revealed: “Honcho is a new mobile app… Read More

Overfunding: Insurtech Startups Wrisk Surpasses £500,000 Funding Target on Seedrs

Just days after launching its equity crowdfunding campaign on Seedrs, UK-based insurtech Wrisk has successfully secured its initial £500,000 funding target from more than 300 investors. As previously reported, Wrisk wants to shake up the antiquated insurance industry with their smartphone app that makes purchasing insurance and filing… Read More

Accenture Teams Up With Duck Creek Technologies to Launch Blockchain Proof-Of-Concept for Medical Bill Auditing

Earlier this week Accenture announced it has formed a partnership With Duck Creek Technologies to launch a blockchain proof-of-concept for medical bill auditing. While sharing details about the collaboration, Cindy DeArmond, managing director and P&C Core Platforms Lead for Accenture in North America, stated: “These new… Read More

Lemonade CEO & Cofounder Daniel Schreiber Squeezes in Some Time for a Few Questions

In celebration of its first anniversary, Insurtech platform Lemonade launched a freshly squeezed product, Zero Deductible. Zero Deductible offers new and existing Lemonade members a ‘zero deductible’ upgrade, so that customers may make up to two claims each year with neither deductible payments nor rate hikes. Powered by AI… Read More

Making Lemonade Even Sweeter: Zero Deductible Launched on First Anniversary

Lemonade, the insurance company powered by artificial intelligence and behavioral economics, has launched a new product called Zero Deductible which offers new and existing Lemonade members a ‘zero deductible’ upgrade, so they can make up to two claims each year with no deductible payments, and no rate hikes. The launch… Read More

India Insurance Company Coverfox Secures $15 Million During Series C Funding Round Led By Transamerica

India-based Coverfox has reportedly raised Rs 96 crore ($15 million) during its latest Series C Funding Round, which was led by U.S. insurer Transamerica with participation from existing investors. Founded in 2013 byVarun Dua and Devendra Rane, Coverfox reportedly offers products online for Indian customers across… Read More

Insurtech Startup Lemonade Now Available in California

Lemonade, a new spin on providing insurance, has announced it has received regulatory approval in California and is now available for homeowners to purchase insurance online. The Insurtech firm is now operating in three states including New York and Illinois. Lemonade said that launching in… Read More

Insurtech: Next Insurance Raised $13 Million in Seed Funding to Fix SME Insurance

  The Insurtech sector has been a hot segment of the Fintech industry. In Q1 according to KPMG, Insurtech investment slowed overall but still registered a health $243 million across 43 deals. KPMG predicts this “lull” will not last as insurance companies around the world… Read More