Tagged: insurance

June 9, 2020 @ 1:16 pm By Samantha Hurst  |  

Policygenius, a U.S.-based online insurance marketplace, announced on Tuesday it has formed a partnership with annuity and life insurance provider Brighthouse Financial to offer an exclusive accelerated underwriting life insurance product, Brighthouse SimplySelect. According to Policygenius, the insurance product features an accelerated purchase process that… Read More

June 8, 2020 @ 10:20 pm By Samantha Hurst  |  

Jooycar, a Chilean insurtech that is seeking to disrupt the auto insurance and telematics space in Latin America, has reportedly secured $700,000 through HCS Capital as it plans to continue expansion to the U.S. efforts. The company announced its U.S. expansion plans back in December… Read More

June 7, 2020 @ 11:33 pm By Samantha Hurst  |  

UK-based online investment service Wealthify announced last week it has become a wholly-owned, but independently run, subsidiary within insurance and pensions giant, Aviva Group. Launched in 2016, Wealthify states it is investing made simple and it is on a mission to democratize investing by making… Read More

May 29, 2020 @ 12:11 pm By Samantha Hurst  |  

Insurtech startup Pie Insurance announced on Thursday it secured $127 million through its latest investment round. The companies that participated in the funding round are Gallatin Point Capital, Greycroft, SVB Capital, Aspect Ventures, Elefund, and Sirius International Insurance Group, Ltd. As previously reported, Pie describes… Read More

May 19, 2020 @ 1:03 pm By Samantha Hurst  |  

U.S. insurtech Haven Life announced on Tuesday it is rolling out a new 100% no medical exam product that can be sold directly through partners. Haven Life reported that banks, advisors, insurance brokers, etc. may now offer the product, Haven Term Simplified, to clients who… Read More

May 14, 2020 @ 4:51 pm By Samantha Hurst  |  

Zego, a UK-based insurtech, announced on Thursday it has expanded its partnership with insurer RSA to provide flexible insurance for van fleets. The company reported that with the partnership it is able to offer usage-based policies to delivery, courier, and trade van fleets for 20-200… Read More

May 11, 2020 @ 12:44 pm By Samantha Hurst  |  

Hong Kong-based cryptocurrency platform Crypto.com announced on Monday it has secured a $100 million direct insurance policy led by Arch Underwriting at Lloyd’s Syndicate 2012. The platform reported that this is the largest coverage that Crypto.com has secured for its cold storage assets on custodial… Read More

May 8, 2020 @ 2:01 pm By Samantha Hurst  |  

omni:us, an insurance-focused artificial intelligence (AI) solution business based in Germany, announced this week it has joined forces with Rokk3r, a global innovation technology and consulting company, to enter the Latin American insurance market. As previously reported, omni:us is an Artificial Intelligence as a Service (AIaaS) provider… Read More

May 6, 2020 @ 10:02 am By Samantha Hurst  |  

Buckle, a U.S.-based financial services, announced on Wednesday it has been temporary approval to add insurance coverage to its rideshare driver members’ policies for the delivery of food, household supplies, and other packaged goods during the COVID-19 pandemic. Buckle reported that due to the virus,… Read More

May 5, 2020 @ 11:35 pm By Omar Faridi  |  

ZA Bank, the first digital bank to officially launch in Hong Kong, has decided to expand its line of products and services by offering insurance. This, soon after ZA Bank acquired a digital-only insurer license from the Hong Kong Insurance Authority under its Fast Track… Read More

May 4, 2020 @ 9:26 am By Samantha Hurst  |  

  Branch, a U.S.-based insurtech startup, announced on Monday it has launched in Texas. The launch notably marks the company’s fifth expansion since launching in August 2019. As previously reported, Branch “taps” into the power of community to make insurance accessible and affordable for everyone,… Read More

May 3, 2020 @ 11:52 pm By Samantha Hurst  |  

QOALA, an Indonesia-based insurtech, announced earlier this week it secured $13.5 million through its Series A funding round, which was led by Centauri Fund with participation from  MDI Ventures, Sequoia India, Flourish Ventures, Mirae Asset Daewoo’s Mirae Asset Venture Capital and PT Mirae Asset Sekuritas Indonesia. Founded in… Read More

April 30, 2020 @ 9:39 am By Samantha Hurst  |  

Covered by SAGE, a modern, tech-enabled Property and Casualty (P&C) insurance brokerage, announced this week it secured $6 million through its latest seed funding round, which was led by NFX with participation from Tectonic Capital and Treasury, the fintech platform launched by Acorns and Betterment Co-Founders…. Read More

April 22, 2020 @ 2:22 pm By Samantha Hurst  |  

John Hancock Financial announced on Wednesday it has joined forces with Clareto, a provider of digital solutions to acquire and aggregate electronic health data,  improve underwriting speed and efficiency of life insurance purchase processing. Through the collaboration, John Hancock will use Clareto’s network to obtain… Read More

April 20, 2020 @ 4:16 pm By Samantha Hurst  |  

Alan, a France-based independent digital health insurance platform, announced on Monday it secured €50 million through its Series C investment round, which was led by Temasek, a global investment company headquartered in Singapore, with participation from Index Ventures. The funding brings Alan’s total amount raised… Read More

April 20, 2020 @ 3:46 pm By Samantha Hurst  |  

Branch, a U.S.-based insurtech startup, announced on Monday it is set to give back 15% of monthly insurance premiums to its auto policyholders in response to the COVID-19 pandemic. According to Branch, the compassionate initiative recognizes clients’ reduced driving due to shelter in place orders… Read More

April 9, 2020 @ 9:31 am By Samantha Hurst  |  

Following the closing of its equity crowdfunding campaign on Crowdcube, which raised £893,620 in total funding, UK insurtech Honcho announced it raised an additional £1.2 million through its recent investment round. The company reported that between 2018 and 2019 honcho raised £1.8m from a combination… Read More

April 6, 2020 @ 5:16 pm By Samantha Hurst  |  

Xpension, a German digital corporate pension and life insurance brand, announced on Monday it secured €25 million through its Series C funding round, led by HPE Growth with participation from  Cinco Capital, led by Lars Hinrichs (Founder of XING and Chairman of Xpension), and Armada… Read More

March 24, 2020 @ 8:28 am By Samantha Hurst  |  

Coterie, a U.S.-based commercial insurtech, recently announced it secured $8.5 million through its Series A funding round, which was led by RPM Ventures with participation from Allos Ventues, Western & Southern, Intercept Ventures, Frontier Venture Capital, and Sure Ventures. The company previously raised $3.15 million…. Read More

March 18, 2020 @ 8:29 am By Samantha Hurst  |  

Blockchain software firm BitGo announced on Wednesday it is now offering dedicated customer Excess Specie Insurance to BitGo Custody clients. The digital asset financial services provider reported that last year it introduced its digital asset insurance protections, including $100 million for assets held in BitGo… Read More