Tagged: insurance

August 4, 2022 @ 10:07 pm By Omar Faridi  |  

New announcements mark another benchmark underscoring Compliance.ai‘s leadership in providing RCM solutions “for the banking, financial services and insurance industries.” The company has “secured $6 million of funding with existing investor Cota Capital and new investment partner JAM FINTOP to support market growth.” John Philpott,… Read More

July 29, 2022 @ 8:55 am By Omar Faridi  |  

Insurtech Isle of Man and F10 are pleased to announce “a joint Acceleration Program for growth-stage Insurtech startups.” The Isle of Man is “a globally recognized insurance center, with insurance representing the biggest financial services sector on the Island, encompassing a wealth of knowledge and… Read More

July 26, 2022 @ 7:53 am By Omar Faridi  |  

Barcelona-headquartered community Fintech 11Onze has partnered with insurance firm Tuio, in order to provide a unique market proposal – 11Onze Segurs. It’s a technology-driven, agile, transparent, affordable home insurance service for members. The home insurance policy is around 15-20% cheaper when compared to the average… Read More

July 21, 2022 @ 11:58 pm By Omar Faridi  |  

Insurtech Gateway recently announced the first close of Seed Fund II. This fund will “enable them to support another 20 teams over the next 4 years from pre-seed to Series A.” The Gateway are “on a mission to close the funding gap in early stage… Read More

July 18, 2022 @ 11:37 pm By Omar Faridi  |  

Malaysia-based digital insurance firm VSure.life recently revealed that it’s expanding operations into the UK in order to make it more affordable for SMBs to access insurance. VSure will be working with local service provider McGill and Partners, a boutique re-insurance broker focused on developing bespoke,… Read More

July 17, 2022 @ 9:47 pm By Omar Faridi  |  

SAP Fioneer, which claims to be a leading global provider of financial services software solutions and platforms, recently announced the launch of a new vertical product strategy that significantly “reshapes its offering to customers.” Adopting a vertical approach, three platforms will “provide IT solutions tailored… Read More

July 16, 2022 @ 11:17 pm By Omar Faridi  |  

The Berlin-headquartered Insurtech firm ELEMENT has secured €21.4 million via a Series B round. The total funding secured by the firm now amounts to 88 million euros. ELEMENT is also reporting its “best” YTD results. The investment round has been led by the Versorgungswerk Zahnärztekammer… Read More

July 16, 2022 @ 12:06 pm By Omar Faridi  |  

Virgin Money, the high-street bank, is teaming up with Superscript, the Insurtech startup, in order to offer its business banking clients with customizable, flexible, subscription-based business insurance. Superscript will reportedly serve as the business insurance provider via Virgin Money’s online marketplace, where their business banking… Read More

July 15, 2022 @ 11:26 am By Omar Faridi  |  

Lemonade (NYSE:LMND), the digital insurance company powered by social impact, announced that its 2022 Giveback for the twelve months ended June 30, 2022, “amounting to $1,873,588, to be donated across 59 nonprofit organizations chosen by its customers.” The Lemonade Giveback is “part of the company’s… Read More

July 12, 2022 @ 9:14 pm By Omar Faridi  |  

Rey Assurance, which claims to be the first dedicated and integrated health, life and critical illness Insurtech company in Indonesia, recently announced $4.2 million in seed funding to advance its digital health products and tech platform. In addition to announcing the funding from the Trans-Pacific… Read More

July 12, 2022 @ 8:17 pm By Omar Faridi  |  

Ancileo, a Singapore-headquartered software as a service (SaaS) solution provider for the insurance sector, recently revealed that it acquired $3 million in seed funding from Fermion. As noted by Ancileo’s management, it will be able to gain access to around 230 banking institutions and 150… Read More

July 2, 2022 @ 3:18 pm By Omar Faridi  |  

Innoveo, a global tech firm and “pioneer” in no-code platform-as-a-service, announced that Oman Insurance company, one of the largest publicly listed insurers in the United Arab Emirates, has successfully gone live with its ZeroCode ‘KUDOS’ platform “leveraging Innoveo Skye, driving near-immediate efficiencies and enhancing the… Read More

July 1, 2022 @ 1:12 am By Omar Faridi  |  

One Inc, the virtual payments network for the insurance sector, announced that Union Mutual, a Vermont-based personal and commercial insurance company, has selected the One Inc Digital Payments Platform “to provide both inbound and outbound digital payments.” This is part of “an overall effort to… Read More

June 28, 2022 @ 2:17 am By Omar Faridi  |  

Pie Insurance, an Insurtech company specializing in workers’ comp insurance for small businesses, recently announced small business owners in Alabama and Oregon have access to its workers’ comp insurance. The expansion “increases the company’s coverage footprint to 38 states and Washington D.C, representing 89% of… Read More

June 26, 2022 @ 11:01 pm By Omar Faridi  |  

Surecomp recently announced that two financial institutions have subscribed to its newly launched RIVO platform “for collaborative trade finance.” DZ Bank is the first bank “to sign-up, alongside the leading provider of guarantee insurance in the Nordics.” Frankfurt-based DZ BANK – which also acts as… Read More

June 15, 2022 @ 10:11 am By Omar Faridi  |  

Wrisk, which is on a mission to transform the way insurance is sold, “working with leading automotive brands and insurers,” has raised 88% (£1,105,199) of its £1,250,003 target (with 29 days left in the sale) from 275 investors via Seedrs. Located in London, Wrisk operates… Read More

June 14, 2022 @ 3:22 pm By Omar Faridi  |  

Lemonade (NYSE:LMND), the digital insurance firm “powered by social impact,” recently announced the launch of Lemonade Car in Ohio. The Buckeye state “marks the third state to feature availability of Lemonade’s newest environment-friendly product.” With an increasing presence of electric vehicle infrastructure and growing startup… Read More

June 12, 2022 @ 2:46 pm By Omar Faridi  |  

wefox, the Berlin-headquartered digital insurance firm, has appointed Hanna Jacobsson to the Board. Jacobsson will be serving as a Non-Executive Director with immediate effect. Julian Teicke, CEO and Founder of wefox stated: “As we continue to double our revenues and maintain our focus on growth… Read More

June 12, 2022 @ 8:24 am By Omar Faridi  |  

Consumer Intelligence has teamed up with Insurance DataLab, bringing together two powerful data sets “to help insurance clients across the two businesses deepen their market understanding.” The partnership will see the two companies work together “to identify opportunities to combine their data to produce powerful… Read More

June 5, 2022 @ 10:40 pm By Omar Faridi  |  

Indian Fintech firm Razorpay notes that Slack has become one of the “most popular” communication apps used in businesses today. As mentioned in a blog post by Razorpay, Slack is a digital workplace communication tool that “connects you to people and tools you work with.”… Read More