Tagged: insurtech

Insurtech Next – Tel Aviv RESCHEDULED

Insturtech Next has been rescheduled to July 21, 2020. The Next Step Disruption Technology In The Insurtech Industry The Insurtech revolution is booming in recent years. Only in 2018, three new Israeli unicorns have arisen the insurance industry. The digital transformation alongside the cultural changes… Read More

U.S. Commercial Insurtech Coterie Raises $8.5 Million Through Series A Funding Round Led By RPM Ventures

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

Canadian Insurtech PolicyMe Secures $3.3 Million Through Latest Investment Round Co-Led by Consorcio – HCS Capital & Westdale Properties

PolicyMe, a Canada-based insurtech startup, recently announced it secured $3.3 million through its latest investment round, which was co-led by Consorcio – HCS Capital and Westdale Properties. Founded in 2018, PolicyMe is on a mission to simplify life insurance, offering customized, and automated advice for… Read More

German Insurtech omni:us Secures $13 Million Through Series A Investment Round Led By CommerzVentures

Germany-based insurtech omni:us recently announced it secured $13 million through its Series A investment round, which was led by CommerzVentures with participation from Viola FinTech and Uniqa Ventures. The investment round notably comes just a few months after omni: us received a €1.6 million grant from… Read More

Fintech Is “Rapidly” Becoming a Key Part of Malaysia’s Financial Sector, with “Considerable Promise” for Expansion: IMF

The International Monetary Fund (IMF), an international organization based in Washington, D.C., consisting of 189 different countries that aim to improve monetary cooperation worldwide, maintain financial stability, and facilitate global trade, acknowledged that Fintech has become a part of everyday life in Malaysia. The IMF… Read More

Pie Insurance Announces Expansion of Service to Small Businesses in Alaska & Missouri

Insurtech startup Pie Insurance recently announced it is planning to expands its services to small businesses in Alaska and Missouri. As previously reported, Pie describes itself as a fast-growing insurtech startup that offers workers’ compensation insurance directly to small businesses. The company revealed it began… Read More

Next Insurance Milestone: Insurtech Unicorn Hits $100 Million Gross Written Premium Run Rate

Next Insurance, an Insurtech seeking to transform small business insurance, released its 2019 growth figures, which revealed that it hit $100 million gross written premium run rate. Founded in 2016, Next Insurance is on a mission to transform small business insurance with “simple, affordable” coverage… Read More

UK Insurtech Digital Risks Secures $10.4 Million Through Series A Funding Round Led By BHL Holdings

Digital Risks, a UK-based insurtech startup, announced on Wednesday it secured $10.4 million through its Series A funding round, which was led by DHL Holdings. Founded in 2015, Digital Risks claims to be a “new force” in the insurance industry by offering a flexible and… Read More

Commercial Insurtech Bold Penguin Adds Auto Insurance to Exchange

Bold Penguin, a U.S.-based commercial insurtech firm, recently announced it has added commercial auto insurance to its insurance platform. According to Bold Penguin, the new capability will allow business use auto insurance to be quoted with other insurance coverage in a bundle. Speaking about the… Read More

NY Insurtech Blackboard Receives Commercial Insurance Approval in Virginia

Blackboard Insurance, a NY-based insurtech platform, recently announced it has received the approval for its commercial insurance package in Virginia. According to Blackboard, the approval will bring capabilities to middle-market customers in 47 states and territories. Speaking about the approval, Seraina Macia, CEO of Blackboard,… Read More

UK Insurtech Collective Benefits Secures £3.3 Million Through Latest Seed Round

Collective Benefits, a UK-based insurance platform for self-employed workers, has secured a total of 3.3 million through its seed funding round. Founded in 2019, Collective Benefits gives freelancers “the safety net” they deserve. “There are now 6 million self-employed workers in the UK and we… Read More

UK-Based Marine & Automotive Insurtech Concirrus Secures $20 Million Through Series B Funding Round Led By AlbionVC

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UK-based marine and automotive insurtech, Concirrus, announced earlier this week it secured $20 million through its Series B funding round, which was led by AlbionVC with participation from current investors IQ Capital, EOS Venture Partners, and several angel investors. Founded in 2012, Concirrus’ Quest platform provides behavioral data and… Read More

Rokk3r Insurtech Announces Partnership with Insurance SaaS Company Genasys

Rokk3r (OTC: ROKK), a multinational company co-builder, announced on Tuesday its insurance-technology division, Rokk3r Insurtech, has formed a new partnership with insurance Software-as-a-Service provider Genasys to market the company’s services to new target markets. Rokk3r claims that Rokk3r Insurtech has the most complete and advanced… Read More

Boost Insurance Secures $14 Million Through Series A Funding Round to Expand Infrastructure-As-A-Service Platform

Boost Insurance recently announced it secured $14 million through its Series A funding round, which was led co-led by Coatue and Graycoft with participation from Tusk Venture Partners, Conversion Capital, and MetLife Chairman, Glenn Hubbard.  Existing investors Norwest Venture Partners and IA Capital Group also… Read More

Plug and Play Forms New Insurtech Partnership With Society of Actuaries

The Society of Actuaries (SOA) announced last week it has formed a partnership with Silicon Valley accelerator, Plug and Play. The duo is reportedly joining forces to exchange “knowledge and ideas” that will benefit both the insurance and consumers. “This relationship will allow InsurTech start-ups… Read More

U.S. Insurtech Buckle Partners With Lyft to Offer Rideshare-Only Insurance

Buckle, a U.S.-based insurtech, announced on Thursday it has launched its rideshare-only insurance that provides rideshare and Transportation Network Company (TNC) drivers with personal and commercial coverage in one policy. Buckle reported it is now available to eligible Lyft drivers in Georgia with other partners expected… Read More

Insurtech Startup Figo Pet Insurance Receives $5 Million Investment From Independence American Insurance Company For 4% Equity Stake

U.S.-based insurtech startup, FIGO Pet Insurance recently announced it received a $5 million investment for a 4% equity stake from underwriting partner Independence American Insurance Company (IAIC), a member of the IHC Group, placing Figo’s valuation at $125 million. FIGO offers a combination of comprehensive insurance policies to protect… Read More

Insurtech Startup Slope Software Raises $1 Million Through Seed Funding Round Led By Tech Venture Fund Cofounder Capital

Slope, an Atlanta-based software as a service company, announced earlier this week it raised $1 million through its latest seed funding round, which was led by tech venture fund Cofounders Capital. Founded in 2015, Slope described itself as an actuarial financial projection modeling software company, designed… Read More

U.S. Insurtech Policygenius Secures $100 Million Through Series D Funding Round Led By KKR

Policygenius, a U.S.-based online insurance marketplace, announced on Thursday it secured $100 million through its Series D funding round, which was led by global investment firm KKR, with participation from Norwest Venture Partners, Revolution Ventures, Susa Ventures, AXA Venture Partners, MassMutual Ventures and Transamerica Ventures…. Read More

Update: UK Insurtech Honcho Set to Close Crowdcube Round With More Than £1 Million in Funding Secured

UK insurtech Honcho is now set to close its equity crowdfunding campaign on Crowdcube with more than £1 million in funding secured. The initiative has reportedly attracted nearly 600 Crowdcube investors. As previously reported, Honcho is described as a reverse-auction marketplace where insurers enter a… Read More

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