Tagged: insurance

April 6, 2020 @ 5:16 pm By Samantha Hurst  |  

Xpension, a German digital corporate pension and life insurance brand, announced on Monday it secured €25 million through its Series C funding round, led by HPE Growth with participation from  Cinco Capital, led by Lars Hinrichs (Founder of XING and Chairman of Xpension), and Armada… Read More

March 24, 2020 @ 8:28 am By Samantha Hurst  |  

Coterie, a U.S.-based commercial insurtech, recently announced it secured $8.5 million through its Series A funding round, which was led by RPM Ventures with participation from Allos Ventues, Western & Southern, Intercept Ventures, Frontier Venture Capital, and Sure Ventures. The company previously raised $3.15 million…. Read More

March 18, 2020 @ 8:29 am By Samantha Hurst  |  

Blockchain software firm BitGo announced on Wednesday it is now offering dedicated customer Excess Specie Insurance to BitGo Custody clients. The digital asset financial services provider reported that last year it introduced its digital asset insurance protections, including $100 million for assets held in BitGo… Read More

March 13, 2020 @ 3:05 pm By Samantha Hurst  |  

PolicyMe, a Canada-based insurtech startup, recently announced it secured $3.3 million through its latest investment round, which was co-led by Consorcio – HCS Capital and Westdale Properties. Founded in 2018, PolicyMe is on a mission to simplify life insurance, offering customized, and automated advice for… Read More

March 10, 2020 @ 10:06 am By Samantha Hurst  |  

Zurich UK, a company that provides a suite of general insurance and life insurance products to retail and corporate customers, announced on Tuesday it is now working with U.S. data group Carpe Data to improve claims processing efficiency and fight fraud. Zurich UK reported that… Read More

March 8, 2020 @ 11:23 pm By Samantha Hurst  |  

Germany-based insurtech omni:us recently announced it secured $13 million through its Series A investment round, which was led by CommerzVentures with participation from Viola FinTech and Uniqa Ventures. The investment round notably comes just a few months after omni: us received a €1.6 million grant from… Read More

March 6, 2020 @ 9:44 pm By Samantha Hurst  |  

InsurTech NY, an insurtech community that is located in the New York metro area, announces the finalists of its 2020 InsurTech Competition. The organization reported that more than 200 startups applied to compete in a two-track competition, pitting early and growth-stage companies against each other, for over $300,000 in… Read More

March 3, 2020 @ 8:39 am By Samantha Hurst  |  

Zego, a UK-based insurtech, announced on Tuesday it was granted its insurance broker license in France. Founded in 2016, Zego states it provides customers “top-of-the-range” custom products to explore the “full potential” of their entrepreneurial spirit. “Insurance hasn’t changed in more than a century. But… Read More

February 27, 2020 @ 10:09 pm By Samantha Hurst  |  

Next Insurance, an Insurtech seeking to transform small business insurance, released its 2019 growth figures, which revealed that it hit $100 million gross written premium run rate. Founded in 2016, Next Insurance is on a mission to transform small business insurance with “simple, affordable” coverage… Read More

February 26, 2020 @ 7:44 am By Samantha Hurst  |  

Digital Risks, a UK-based insurtech startup, announced on Wednesday it secured $10.4 million through its Series A funding round, which was led by DHL Holdings. Founded in 2015, Digital Risks claims to be a “new force” in the insurance industry by offering a flexible and… Read More

February 25, 2020 @ 3:45 pm By Samantha Hurst  |  

Bold Penguin, a U.S.-based commercial insurtech firm, recently announced it has added commercial auto insurance to its insurance platform. According to Bold Penguin, the new capability will allow business use auto insurance to be quoted with other insurance coverage in a bundle. Speaking about the… Read More

February 25, 2020 @ 1:45 pm By Samantha Hurst  |  

Collective Benefits, a UK-based insurance platform for self-employed workers, has secured a total of 3.3 million through its seed funding round. Founded in 2019, Collective Benefits gives freelancers “the safety net” they deserve. “There are now 6 million self-employed workers in the UK and we… Read More

February 20, 2020 @ 11:07 pm By Samantha Hurst  |  

UK-based marine and automotive insurtech, Concirrus, announced earlier this week it secured $20 million through its Series B funding round, which was led by AlbionVC with participation from current investors IQ Capital, EOS Venture Partners, and several angel investors. Founded in 2012, Concirrus’ Quest platform provides behavioral data and… Read More

February 19, 2020 @ 9:24 am By Samantha Hurst  |  

Rokk3r (OTC: ROKK), a multinational company co-builder, announced on Tuesday its insurance-technology division, Rokk3r Insurtech, has formed a new partnership with insurance Software-as-a-Service provider Genasys to market the company’s services to new target markets. Rokk3r claims that Rokk3r Insurtech has the most complete and advanced… Read More

February 16, 2020 @ 10:38 pm By Samantha Hurst  |  

The Society of Actuaries (SOA) announced last week it has formed a partnership with Silicon Valley accelerator, Plug and Play. The duo is reportedly joining forces to exchange “knowledge and ideas” that will benefit both the insurance and consumers. “This relationship will allow InsurTech start-ups… Read More

February 6, 2020 @ 10:23 pm By Samantha Hurst  |  

Buckle, a U.S.-based insurtech, announced on Thursday it has launched its rideshare-only insurance that provides rideshare and Transportation Network Company (TNC) drivers with personal and commercial coverage in one policy. Buckle reported it is now available to eligible Lyft drivers in Georgia with other partners expected… Read More

January 30, 2020 @ 11:40 am By Samantha Hurst  |  

UK insurtech Honcho is now set to close its equity crowdfunding campaign on Crowdcube with more than £1 million in funding secured. The initiative has reportedly attracted nearly 600 Crowdcube investors. As previously reported, Honcho is described as a reverse-auction marketplace where insurers enter a… Read More

January 24, 2020 @ 10:48 pm By Samantha Hurst  |  

Honcho’s latest equity crowdfunding campaign on Crowdcube is now nearing £1 million in funding. The UK-based insurtech launched the initiative last month with a mission to raise a minimum of £700,000. The company is offering 9.21% in equity at a £6,899,999 pre-money valuation. Honcho describes… Read More

January 16, 2020 @ 11:29 pm By Samantha Hurst  |  

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

January 16, 2020 @ 10:04 pm By Cali Haan  |  

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