Tagged: insurance

September 20, 2021 @ 6:10 pm By Omar Faridi  |  

Insurtech firm Concirrus has introduced its next-gen platform for the (Internet of Things) IoT-enabled insurance sector. This new modular tech offering, which aims to leverage Concirrus’ extensive investment expertise and experience of working within the insurance market, will “allow insurers to accelerate their transition to… Read More

September 20, 2021 @ 9:55 am By Omar Faridi  |  

Crypto.com revealed on Monday (September 20, 2021) that it has expanded its total insurance coverage to $750 million, after increasing its policy coverage – which has been led by Arch Underwriting at Lloyd’s Syndicate 2012. As mentioned in a release shared with Crowdfund Insider, the… Read More

September 19, 2021 @ 4:55 pm By Omar Faridi  |  

Axiata Digital’s digital wallet Boost revealed earlier this week that it has further expanded its insurance offerings with the introduction of automobile insurance, called “CarProtect,” which has been underwritten by Great Eastern General Insurance (Malaysia) Berhad. The digital wallet provider stated that CarProtect provides clients… Read More

September 14, 2021 @ 10:16 pm By Omar Faridi  |  

To ensure that individual consumers, families, and companies have near-instant access to insurance funds to deal with unexpected situations or emergencies, One Inc, a digital payments network for the insurance sector, reveals that it intends to disburse claims via Mastercard virtual cards and Mastercard Send…. Read More

September 12, 2021 @ 10:22 pm By Omar Faridi  |  

UAE-headquartered healthcare financing platform Klaim has acquired $1.6 million via a pre-Series A round. Klaim’s investment round has been led by Mad’a Investments, a private equity company based in Saudi Arabia. Other investors also made contributions to the round, including Arzan Venture Capital and Wealth… Read More

September 9, 2021 @ 1:30 pm By Omar Faridi  |  

Crediverso, the Hispanic-owned personal finance products firm, reveals that it has introduced a bilingual platform and a financial products marketplace tool “to serve the 62M+ Hispanic consumers in the U.S., who are 2-3x more likely to be underbanked than the rest of the population,” according… Read More

August 22, 2021 @ 7:28 pm By Omar Faridi  |  

Indonesia’s Lifepal, a digital direct-to-consumer (D2C) insurance marketplace, reveals that it has acquired an oversubscribed $9 million through a Series A round, bringing the total capital secured by the firm to $12 million. As noted by its management, Lifepal is the largest insurance marketplace in… Read More

August 22, 2021 @ 7:20 pm By Omar Faridi  |  

Malaysian Insurtech company VSure.life has reportedly acquired a RM12 million (appr. $2.83 million) investment from ACE market-listed Revenue Group via its wholly-owned subsidiary Revenue Harvest (as well as being approved by Bank Negara Malaysia’s or BNM, the nation’s central bank to take part in its… Read More

August 16, 2021 @ 6:34 pm By Omar Faridi  |  

HSBC Holdings plc (NYSE: HSBC), a British multinational investment bank and financial services holding company, reveals that it has committed to an agreement to acquire 100% of AXA Insurance issued share capital in Singapore for $575 million. The goal or aim of this transaction is… Read More

August 12, 2021 @ 3:24 pm By Omar Faridi  |  

Hippo, the home insurance group that established a new standard of care and protection for homeowners, reveals that it entered a new issuing carrier relationship with Ally Financial Inc. (NYSE: ALLY) subsidiary, Motors Insurance Corp., which is reportedly a 50 State carrier. The deal will… Read More

August 5, 2021 @ 9:55 am By Omar Faridi  |  

BlueVine, an established provider of innovative financial services for small businesses, reveals that it has teamed up with NEXT Insurance, a digital Insurtech firm that’s transforming small business insurance, in order to offer BlueVine clients with convenient access to customized, affordable insurance policies. As mentioned… Read More

July 29, 2021 @ 7:58 am By Omar Faridi  |  

Willis Towers Watson (NASDAQ: WLTW), a leading global advisory, broking and solutions company that assists customers across the globe with turning risk into “a path for growth,” has  published its latest Quarterly InsurTech Briefing (Q2), which notably marks the second installation of the 2021 series,… Read More

July 28, 2021 @ 1:24 pm By Tony Zerucha  |  

Digital insurance startup Spot has raised $17.5 million in funding, including $15 million in equity and $2.5 million in debt. The round was led by GreatPoint Ventures, with participation from Montage Ventures, Mutual of Omaha, MS&AD, and Silverton Partners. Mike McCormick, principal at GreatPoint Ventures,… Read More

July 27, 2021 @ 4:24 pm By Omar Faridi  |  

Daniel Schreiber, CEO at Insurtech Lemonade (NYSE:LMND), reveals that it’s now their 5th year in a row of givebacks. It’s actually grown 4000% across those years, Daniel notes, while adding that it has been growing quite steeply this year compared to 2020’s 100%+ growth. He… Read More

July 16, 2021 @ 6:34 pm By Omar Faridi  |  

Hong Kong-based digital life insurance firm Blue has confirmed the launch of its WeMedi Top Up (Outpatient) Protector, which is a top-up outpatient plan offered as part of the digital life insurance market. As noted by its management: “Blue is Hong Kong’s first digital life… Read More

July 6, 2021 @ 3:05 pm By Priyanka Pani  |  

Global insurance technology company Inshur has raised an undisclosed Series B round led by JVP. Existing investors Viola Fintech, and MTech Capital also participated in this round. With the fresh funding, the company has raised $35M (approx €29.55 million) in total so far. The company intends to… Read More

July 4, 2021 @ 3:45 pm By Omar Faridi  |  

Singapore-based Insurtech company Bolttech recently revealed that it has finalized an oversubscribed $180 million Series A round which values the firm at over $1 billion, thus giving it Unicorn status just a year after it began operations. Bolttech’s investment round was led by Activant Capital… Read More

June 26, 2021 @ 7:23 pm By Omar Faridi  |  

Axiata Digital’s online wallet Boost has reportedly launched three new micro-insurance and takaful plans under the name “Boost Protect” in order to provide consumers in Malaysia with affordable and premium coverage. The addition of MozzieProtect, FamilyProtect, and Critical Illness Care brings the total coverage plans… Read More

June 22, 2021 @ 8:33 pm By Tony Zerucha  |  

Universal Fire & Casualty Insurance Company (UFCIC) now accepts cryptocurrency for premium payments, the company said today. UFCIC provides traditional property and casualty lines of business, including commercial property, general liability, inland marine, business owners’ policies (BOP), and commercial surety, and provides small business insurance. … Read More

June 20, 2021 @ 5:06 pm By Omar Faridi  |  

Tractable, the AI firm assisting insurers with accident and disaster recovery, recently revealed that it has acquired $60 million through a Series D round that was led by Insight Partners and Georgian. Tractable’s latest investment round has now doubled the total raised by the firm… Read More