Tagged: insurance

October 30, 2023 @ 9:13 pm By Omar Faridi  |  

Shippo, the shipping platform for modern e-commerce, and Cover Genius, the insurtech for embedded protection, today announced a partnership to enhance the merchant experience with the launch of Shippo Total Protection, a solution that “provides merchants with comprehensive protection, global coverage and seamless claims handling.”… Read More

October 27, 2023 @ 4:50 pm By Omar Faridi  |  

Upfort, a cyber security and insurance platform, today announced it has raised $8 million in a Series A funding round led by SYN Ventures, “with participation of Eniac Ventures and Fika Ventures, which co-led Upfort’s seed round.” This investment round advances Upfort’s goal “to simplify… Read More

October 27, 2023 @ 10:27 am By Omar Faridi  |  

CoverForce, the insurance platform bringing streamlined comparisons and one-click buying to commercial insurance, emerged from stealth mode, “unveiling its comprehensive suite of products made specifically for agency networks, wholesalers, and software companies.” The company’s infrastructure and easy-to-integrate API aim “to provide digital access and one-stop… Read More

October 24, 2023 @ 9:29 am By Omar Faridi  |  

International insurtech bolttech announced its partnership with Three Sweden, an innovative telecommunications service provider based in Sweden, in order “to offer comprehensive device protection solutions to customers both online and in-store.” This strengthens bolttech’s existing collaboration “with CK Hutchison Holdings (CKHH), building on other key… Read More

October 22, 2023 @ 10:32 pm By Omar Faridi  |  

Tonik, the digital bank in the Philippines, is pleased to announce its newest strategic partnership with life insurance company Sun Life Grepa Financial, Inc.. This transformative collaboration aims “to enhance the financial well-being of the companies’ valued customers.” The focal point of this groundbreaking partnership… Read More

October 22, 2023 @ 5:07 am By Omar Faridi  |  

Accenture (NYSE: ACN) has acquired ON Service GROUP, a provider of business process services, specialized in insurance operations. Terms of the transaction were “not disclosed.” Acquiring ON Service GROUP enhances Accenture’s capabilities “in insurance operations, expanding the range of services available to clients in Germany… Read More

October 21, 2023 @ 4:32 am By Omar Faridi  |  

Founders are discussing cyber insurance more than ever, with 83% talking to their investors and boards about cyber protection often or always — a 42% increase year-over-year. The report, titled “Cyber Risk Index: Startup Edition 2023” comes from Embroker, the digital platform making it simple… Read More

October 20, 2023 @ 8:36 am By Omar Faridi  |  

bolttech, the international insurtech, announced that it has acquired Digital Care, an embedded protection company based out of Poland. The acquisition is considered to be a major step towards “achieving the Group’s strategic goals in the EMEA region and globally, while accelerating growth, particularly within… Read More

October 19, 2023 @ 10:08 am By Omar Faridi  |  

Supply chain risks have been identified as an increasingly important issue within the cyber insurance market in a new report published by the International Underwriting Association (IUA). A whitepaper, jointly researched with cyber risk analytics firm CyberCube, urges underwriters to carefully review client business continuity… Read More

October 16, 2023 @ 9:49 pm By Omar Faridi  |  

EaseMyTrip.com, one of India’s largest online travel platforms, announced its strategic partnership with Cover Genius, the insurtech for embedded protection. By integrating with XCover, Cover Genius’ global distribution platform, EaseMyTrip customers can add Cancel For Any Reason (CFAR) travel protection “along with the embedded comprehensive… Read More

October 14, 2023 @ 10:35 am By Omar Faridi  |  

The European Investment Fund (EIF) and KBC Insurance have announced a new investment partnership that will see the Belgium-based Banking and Insurance Group support up to €200 million of equity investments in sustainable infrastructure projects across Europe. The deal, signed in Brussels, runs over “a… Read More

October 9, 2023 @ 8:11 am By Omar Faridi  |  

Getsafe, Europe’s neo-insurer based in Germany, has entered into an agreement to acquire the German customer base of French insurtech Luko. With over 550,000 customers across Germany, the UK, France, and Austria, Getsafe “is rapidly expanding its reach in Europe.” The acquisition covers Luko’s entire… Read More

October 3, 2023 @ 9:07 am By Omar Faridi  |  

Pie Insurance, an Insurtech company specializing in commercial insurance for small businesses, announced the appointment of insurance executive Audra Foglietta as the company’s new chief financial officer (CFO). Foglietta joins Pie during a pivotal period of growth—Pie claims it is one of the fastest growing… Read More

September 28, 2023 @ 8:02 am By Omar Faridi  |  

TruStage, an insurance, investment and technology provider, built on years of experience providing payment protection solutions to credit unions, announced the availability of its newest lending solution–Payment Guard Insurance. The Payment Guard product is a key innovation in the digital lending / insurance space. It… Read More

September 23, 2023 @ 10:51 am By Omar Faridi  |  

International insurtech bolttech welcomed leading impact investment firm LeapFrog Investments as a new strategic investor in an extension of its Series B round. LeapFrog’s $50 million investment adds to bolttech’s recent Series B funding round, now totaling US$246 million. bolttech will use the proceeds from… Read More

September 20, 2023 @ 10:08 pm By Omar Faridi  |  

NEXT Insurance, a digital small business insurer, announced a differentiated new offering that will enable agents to fully customize coverage quotes to better meet the needs of their small business clients. NEXT’s Coverage Builder represents “a fundamental leap in allowing agents the ability to micro-tailor… Read More

September 20, 2023 @ 8:44 am By Omar Faridi  |  

has secured funding from Helvetia Venture Fund, the investment arm of the Swiss insurer group Helvetia, tasked with investing in businesses that will shape the future of the insurance industry. Alongside Helvetia, other financial backers reportedly include Autonom and The Mavers. Having raised over €6m… Read More

September 19, 2023 @ 3:41 pm By Omar Faridi  |  

Cowbell, a provider of cyber insurance for small- and medium-sized enterprises (SMEs), today announced its partnership with Zywave, an industry-leading provider of insurtech solutions. The partnership is powered by Herald, a digital infrastructure provider that connects software developers to commercial insurance carriers “through a single… Read More

September 19, 2023 @ 6:12 am By Omar Faridi  |  

The Saudi Central Bank (SAMA) licensed “Al-tizam for electronic insurance brokerage” and “Altheqa Insurance Brokers” in order to “provide insurance aggregation services (soft launch).” With Al-tizam and Altheqa, there will “be five authorized insurance aggregation companies operating in Saudi Arabia.” This decision reflects SAMA‘s endeavor… Read More

September 15, 2023 @ 8:23 am By Omar Faridi  |  

Kin, the direct-to-consumer home insurance company built for every new normal, today announced the closing of a $33 million Series D extension. The funding was led by QED Investors “with participation from returning investors Geodesic Capital, Allegis Capital, Hudson Structured Capital Management Ltd. (doing its… Read More