Tagged: insurance

March 18, 2021 @ 1:39 pm By Samantha Hurst  |  

    Silicon Valley accelerator, Plug and Play, announced on Wednesday it has added NJM Insurance Group, a property and casualty insurer in the mid-Atlantic region, to its insurtech corporate partners network. According to Plug and Play, the insurtech program aims to improve the insurance… Read More

March 17, 2021 @ 1:27 pm By Samantha Hurst  |  

Envestnet, Inc. (NYSE: ENV), a provider of intelligent systems for wealth management and financial wellness, announced on Wednesday it has expanded its Variable Annuity Program to become the Envestnet Insurance Exchange, powered by Fiduciary Exchange, LLC (FIDx).  According to Envestnet, the Envestnet Insurance Exchange provides… Read More

March 17, 2021 @ 11:24 am By Samantha Hurst  |  

  Next Insurance, an insurtech seeking to transform small business insurance, announced on Wednesday it has teamed up with Amazon Business to provide eligible members the opportunity to access customized small business insurance. According to Next Insurance, the collaboration will allow Business Prime members to… Read More

March 16, 2021 @ 2:40 pm By Samantha Hurst  |  

LeaseLock, a U.S.-based insurtech that provides totally eliminates security deposits, surety bonds, and guarantors in rental housing, announced on Tuesday it has surpassed $1 billion in insured lease value for residential apartment homes. The latest milestone comes shortly after LeaseLock announced its $52 million through… Read More

March 15, 2021 @ 10:05 am By Samantha Hurst  |  

GloveBox, a U.S.-based insurtech platform, has raised $3 million through its latest investment round, which was led by Mercato Partner’s Prelude Fund with participation from Heffernan Insurance Brokers. Founded in 2019 and launched in 2020, GloveBox describes itself as a centralized mobile and web application… Read More

March 15, 2021 @ 9:55 am By Samantha Hurst  |  

InsurTech NY, a global InsurTech hub, recently announced the winners of its 2021 Early-Stage InsurTech Competition at the InsurTech Spring Conference. According to Insurtech NY, winners were selected by judging panels grouped by their background – angel investors, venture capitalists, carrier and brokers, and the… Read More

March 14, 2021 @ 2:10 pm By Omar Faridi  |  

The third edition of Startupbootcamp Fintech Dubai’s accelerator program has now concluded. During the Demo Day, there were 11 startups that pitched their ideas to potential investors, corporate partners, industry experts, mentors, and the general public. Startupbootcamp Fintech Dubai was introduced in 2018 through a… Read More

March 10, 2021 @ 2:23 pm By Samantha Hurst  |  

  Corvus Insurance, a U.S.-based insurtech startup, announced on Wednesday it raised $100 million through its Series C funding round, which was led by Insight Parters with participation from previous institutional investors. Corvus reported that as part of the transaction, Insight Partners’ Managing Director Deven… Read More

March 8, 2021 @ 10:44 am By Samantha Hurst  |  

    AgentSync, a U.S.-based insurtech, announced on Monday it secured $25 million through its Series A funding round, which was led by Lead Gil and David Sacks’ Craft Ventures with participation from Benioff, Caffeinated Capital, Operator Collective, and Nine Four Ventures. The investment round… Read More

March 6, 2021 @ 4:04 pm By Omar Faridi  |  

With over $40 billion locked into decentralized finance (DeFi) platforms (at the time of writing), according to DeFi Pulse data, it’s now clear that the era of DeFi has arrived, crypto analysts have argued. However, with many new exploits frequently taking place, there’s been significant… Read More

March 3, 2021 @ 9:56 pm By Omar Faridi  |  

Lemonade (NYSE:LMND), a fast-growing Insurtech that emerged as one of the most successful initial public offerings of 2020 (and recently launched life insurance), has released its Q4 2020 and full year 2020 financial results. In its Letter to Shareholders, which is posted to Lemonade’s Investor… Read More

March 3, 2021 @ 1:40 pm By Samantha Hurst  |  

Next Insurance, an insurtech seeking to transform small business insurance, announced on signed a definitive agreement to acquire AP Intego, a digital insurance agency that provides a suite of small commercial insurance products to small business software ecosystems in the U.S. Next Insurance reported that through… Read More

February 26, 2021 @ 9:47 pm By Samantha Hurst  |  

Circulo, a U.S.-based insurtech, recently announced it secured $50 million through its Series A funding round, which was co-led by Drive Capital and General Catalyst.  Circulo reported it is building the Medicaid insurance company of the future to provide tech-enabled, world-class care to the nation’s… Read More

February 26, 2021 @ 1:42 pm By Samantha Hurst  |  

  Zelros, a French insurtech platform, announced earlier this week it secured $11 million through its Serie A funding round, which was led by BGV with participation from ISAI Cap Venture, and Plug and Play. The investment round brings the company’s funding to $16.5 million…. Read More

February 24, 2021 @ 9:44 am By Samantha Hurst  |  

  Buckle, a U.S.-based financial services group, announced on Wednesday it has partnered with TNEDICCA, a location-based traffic crash intelligence and predictive analytics provider, to offer crash risk data for auto insurance underwriting. Buckle reported that TNEDICCA has built a proprietary traffic crash location database… Read More

February 23, 2021 @ 1:26 pm By Samantha Hurst  |  

  Koffie Labs, a U.S.-based insurtech that is focused on reinventing the trucking and transportation markets, announced on Tuesday it has raised $4.5m in venture financing.  According to Koffie, Anthemis Group and Lerer Hippeau led two rounds of seed round financing with participation from 2048… Read More

February 19, 2021 @ 10:19 am By Samantha Hurst  |  

  Insurely, a Sweden-based open insurance platform, has reportedly secured €2.5 million through its latest investment round. According to Silicon Canals, the investment round was led by Swedish venture capital firm, Luminar Ventures.  Founded in 2005, Insurely states it is on a mission to digitize… Read More

February 18, 2021 @ 10:20 am By Samantha Hurst  |  

  AppMan, a Thailand-based insurtech, has reportedly raised $4.3 million through its Series A funding round, which saw participation from Siam Alpha Equity’s SME Growing Together 1 fund, Krungsri Finnovate, Casmatt, KTBST, and Poems Ventures, the venture arm of PhillipCapital Group. Founded in 2011, AppMan claims to be… Read More

February 17, 2021 @ 11:57 am By Samantha Hurst  |  

  InsurePay, a U.S.-based workers’ compensation administration and insurance premium billing platform for insurance providers, announced on Wednesday it raised $5 million through its Series A investment round, which was led by FINTOP Capital. Founded in 2003, InsurePay claims it delivers world-class solutions in the… Read More

February 16, 2021 @ 4:12 pm By Samantha Hurst  |  

  U.S. insurtech startup Kin Insurance announced on Tuesday it has surpassed $10 billion in total insured property value. Kin reported that it saw a 400% increase in direct written premiums of the fourth quarter of 2020 over the past year. It also saw a… Read More