Tagged: insurance

January 31, 2022 @ 9:17 pm By Omar Faridi  |  

Axiata Digital’s Fintech division Boost is reportedly planning to expand its products and services while strengthening its regional presence. The firm announced these plans after a year of steady growth in revenues and product innovation. Boost reveals that its client base increased to more than… Read More

January 25, 2022 @ 8:36 pm By Omar Faridi  |  

Sayata, the marketplace for insurance brokers and carriers to scale their business insurance portfolios, recently announced the addition of $35 million to the previous $17 million secured just five months ago, for a total A round valued at $52 million. The additional raise has reportedly… Read More

January 20, 2022 @ 12:46 am By Omar Faridi  |  

Embroker, which claims that it offers the easiest way to intelligently insure any business, notes that making sure your business is prepared and protected in any incident “should be top of mind.” Embroker writes in a blog post that a commercial crime policy “aims to protect… Read More

January 17, 2022 @ 7:24 pm By Omar Faridi  |  

Hippo (NYSE: HIPO), the home insurance group that formed a new standard of care and protection for homeowners, recently announced an expansion of the firm’s Commercial Lines homeowners association (HOA) insurance into new markets “following initial positive traction and engagement since its launch in August… Read More

January 11, 2022 @ 4:12 pm By Omar Faridi  |  

Financial services have become a lot more accessible, seamless, and user-friendly in the past decade due largely to the rise of innovative Fintech platforms throughout the world. Traditional banking service providers have launched their own digital transformation strategies in order to remain competitive in a… Read More

January 9, 2022 @ 9:47 pm By Omar Faridi  |  

The team at Zego says that 2021 was a year for “the books” at the firm. They’ve reflected on some of the main achievements that have taken place at Zego over the past year. These include their Series C round of fundraising, strategic partnerships, as… Read More

January 6, 2022 @ 10:17 pm By Omar Faridi  |  

Bank Negara Malaysia, the nation’s central bank, recently issued the Discussion Paper on Licensing Framework for Digital Insurers and Takaful Operators. As noted by Bank Negara, the Discussion Paper outlines the proposed framework for “licensing new digital insurers and takaful operators (DITOs)” in order to… Read More

January 3, 2022 @ 5:06 pm By Omar Faridi  |  

As 2021 came to an end, LeaseLock reflected on the considerable growth they have achieved alongside their customers, business partners, advisors, supporters, and colleagues. From securing $52 million in a Series B investment round, to exceeding $2 billion in leases insured, to launching a major… Read More

January 3, 2022 @ 8:50 am By Omar Faridi  |  

Ujjval Patel, Director of Solutions and Consulting, Hi Marley, notes that the insurance industry is evolving, and carriers of all sizes will have to innovate in order to respond to their customer and employees’ requirements. When properly implemented, many tech solutions offer considerable value, with… Read More

January 2, 2022 @ 9:46 am By Omar Faridi  |  

Lemonade (NYSE:LMND), the insurance firm that’s powered by AI and behavioral economics, notes that the end of the year 2021 is a time for “sitting back, taking stock, and reflecting on the past twelve months.” Although the Insurtech firm “doubtlessly” made a few mistakes along… Read More

December 21, 2021 @ 8:22 am By Omar Faridi  |  

Broker Insights – the “high-growth” firm whose digital platform is focused on transforming the commercial insurance market – has secured nearly $8 million (appr. £6 million) in a Series A round led by Mercia Asset Management. Chroma Ventures, which first backed Broker Insights with seed… Read More

December 19, 2021 @ 10:41 pm By Omar Faridi  |  

DeadHappy, which is the “home of the deathwish” and changing attitudes to death… “one deathwish at a time,” has secured 104% (£5,326,640 from 443 investors) of its £5,100,007 target with 24 days left in its crowdfunding campaign being carried out via Seedrs. Based in Leicester,… Read More

December 16, 2021 @ 8:36 pm By Omar Faridi  |  

Hong Kong tech startup, Bloom, has announced a collaboration with AIA Hong Kong  in order to launch “Care for You 24” – AIA’s first scenario-based protection that “revolves around customers’ lifestyle touchpoints and scenarios – to offer instant cover for their purchases.” “Care for You… Read More

December 16, 2021 @ 3:12 pm By Tony Zerucha  |  

bsurance, a B2B2C embedded insurance platform, and Kika/Leiner Group, a European furniture retailer, have come together to create an in-store and online embedded insurance experience. The partnership extends the offering Kika/Leiners and bsurance which enables customers at its 42 stores in Austria to get personalized… Read More

December 14, 2021 @ 3:29 pm By Tony Zerucha  |  

Stere, a digital ecosystem catering to managing general agents and insurance companies, this week announced the closure of its seed funding round. The $2 million round is led by Fin VC, with participation from Plug and Play Ventures, Sandalphon Capital and Hartford Investment Management Company…. Read More

December 13, 2021 @ 10:42 pm By Omar Faridi  |  

ZA International and Airport Authority Hong Kong (AAHK) have unveiled an easily accessible travel insurance to “create a seamless and frictionless travel experience through digital acceleration.” ZA International and AAHK seek to “leverage innovative technology and deep experience in passenger flow management” to achieve the… Read More

December 13, 2021 @ 3:34 pm By Omar Faridi  |  

Locket, which offers technologically-advanced, prevention-first home insurance, has acquired 145% (£1,090,635) of its £750,000 target with 4 days left (at the time of writing) in its crowdfunding campaign carried out via Seedrs. It was previously reported that Locket hit its initial funding target in just… Read More

December 7, 2021 @ 5:09 pm By Omar Faridi  |  

bolttech, the fast-growing global Insurtech, has announced that it has welcomed another strategic investor, BRV Capital Management (BRV), an Asia-headquartered investment platform. As mentioned in an update shared with CI, the addition follows bolttech’s announcement of Series A investors including Activant Capital, Tony Fadell –… Read More

December 3, 2021 @ 10:49 am By Omar Faridi  |  

The Demex Group, the tech firm behind a platform for analyzing, pricing, and transferring climate-linked risks at scale, has announced that it has secured $9 million in a Series A round led by financial services and technology investors, Anthemis Group, Blue Bear Capital, and QBE… Read More

November 29, 2021 @ 2:06 pm By Omar Faridi  |  

Rnwl, a platform planning to transform/improve the current buying and managing insurance process, has secured 184% (£276,448) of its £150,002 target from 304 investors (at the time of writing) with 23 days left in its crowdfunding campaign, carried out via Seedrs. Located in Cambridge, United… Read More