Tagged: insurtech

New Partnership Elevates Singapore’s Insurtech Education

Insurtech industry player The Digital Insurer (TDI) has partnered with the Singapore College of Insurance (SCI) to introduce the GenAI Explorer Program, an innovative venture designed to usher in a new era for the insurance sector through the application of generative AI technology. This exclusive… Read More

Germany’s Insurtech wefox Appoints Dominik Ulrich as Chief Risk Officer

wefox, which claims to be among the leading Insurtech firms, has appointed Dominik Ulrich as Chief Risk Officer (CRO), with immediate effect. Prior to this role Mr. Ulrich was working as Head of Internal Audit at wefox. Mr. Ulrich will now be expected to “lead… Read More

Insurtech Akur8, the Insurance Pricing Solution, Selected by Spain’s MGS Seguros

Akur8, the insurance pricing solution, is pleased to announce that MGS Seguros has chosen its pricing platform. This new collaboration will empower its actuarial and pricing teams “to build powerful, explainable pricing models and establish a robust predictive modeling framework for its auto and home… Read More

Insurtech Shepherd Reports Series A Funding Round

Shepherd, an insurance provider for commercial construction, announced today it raised a $13.5 million Series A funding round led by Costanoa Ventures with participation from Intact Ventures, Era Ventures, Greenlight Re and Spark Capital. Shepherd combines insurance together “with software to help contractors save on… Read More

Global Insurtech Funding and Deals Slide to 6-Year Lows – Research Report

Global Insurtech funding and deals slide to 6-year lows in 2023, according to an update shared by CBInsights. Insurtech startups had a “brutal” 2023, with funding and deals reaching 6-year lows — in line with the broader venture slowdown, the team at CBInsights noted. Nevertheless,… Read More

Insurtech Kin, the Digital Home Insurance Provider, Acquires Financing from Activate Capital

Kin, the digital, direct-to-consumer home insurance company, announced the closing of $15 million in financing from new investor Activate Capital, a growth-stage VC firm focused on the sustainable, resilient transformation of the global economy. Raising at an increased valuation, greater than $1 billion, is an… Read More

CyberCube, the Enabler of Cyber Risk Analytics for Insurance Sector, Reports Steady Business Growth

CyberCube, the enabler of cyber risk analytics for the insurance industry, marked the end of a positive year of strong growth, “surpassing 100 insurance organizations licensing CyberCube solutions.” As the cyber insurance market grows in size and sophistication, analyzing, assessing, and quantifying the impact of… Read More

Global Ransomware Attacks Reached Record High in Past Year – Report

Corvus Insurance, the cyber underwriter powered by a proprietary AI-driven cyber risk platform, today released its Q4 2023 Ransomware Report. Featuring data collected from ransomware leak sites, the report shows “that while Q4 attacks were down slightly from Q3 2023, ransomware activity for the year… Read More

Insurtech Ansel Secures $20M via Round Led by Portage with Participation from Two Sigma Ventures, Others

Ansel, an insurtech on a mission to build a world where health hardships don’t create financial burdens, announced that it has raised a $20M round of funding “led by Portage, with participation from Two Sigma Ventures, Brewer Lane Ventures, SixThirty Ventures, Plug and Play Ventures,… Read More

Insurtech Akur8 Selected by Spanish Insurer MAPFRE to Enhance Pricing Capabilities

Akur8, the insurance pricing solution powered by transparent machine learning, is pleased to announce that MAPFRE, the 9th largest insurance company in Europe and the 17th largest insurer globally according to S&P Global Ratings, has reportedly “selected Akur8’s RISK and RATE modules.” This choice will… Read More

UK Insurtech Qover Introduces Motor Insurance Solution

Qover, an insurtech driven by a vision of creating a global safety net through insurance – announces the launch of its innovative motor insurance solution in the United Kingdom, which enables car manufacturers to “provide digital insurance programs across Europe.” In line with Qover‘s goal… Read More

Insurtech CoverForce Announces Addition of Cyber Insurance to API Toolkit

CoverForce, which claims to be the first independent API to deliver instant quotes and one-click binding from the insurance carriers, announced the addition of cyber insurance to its API toolkit. According to S&P Global, cyber is one of “the fastest-growing subsector of the insurance market… Read More

Germany based Insurtech Getsafe Announces Acquisition of Digital Platform for Student Loans

Getsafe, Europe’s neo-insurer based in Germany with over 550,000 customers, has acquired deineStudienfinanzierung, Germany’s digital platform for student loans. This acquisition is said to be a testament to Getsafe’s direct-to-consumer approach and the company’s focus on “guiding young people as they plan for their futures.”… Read More

Insurtech Akur8, the Insurance Pricing Solution Powered by Machine Learning, Partners with Quincy Mutual Group

Akur8, the insurance pricing solution powered by transparent machine learning, is pleased to announce its new partnership with Quincy Mutual Group, one of the oldest and “respected” regional mutual insurance companies in the United States, “offering a wide range of insurance products to protect the… Read More

Digital Insurance Firm Lemonade Extends Financing Relationship with General Catalyst

Lemonade (NYSE: LMND), the digital insurance company powered by AI and social impact, today announced the extension and expansion of its financing relationship with General Catalyst (GC) – AKA ‘Synthetic Agents’ – whereby GC “finances up to 80% of Lemonade’s spending specifically related to customer… Read More

Insurtech CoverForce, the API Delivering Instant Quote and One-Click Bind from Insurance Carriers, Partners with NowCerts

CoverForce, the “independent “API delivering instant quote and one-click bind from the leading insurance carriers, announced a partnership with agency management system, NowCerts. Through this partnership, NowCerts has “launched an instant commercial lines quote and bind platform enabled by leveraging CoverForce’s API infrastructure.” Cyrus Karai,… Read More

Insurtech: Reinsurance Firms Will Start Offering Meaningful Cyber Capacity in 2024, According to CyberCube, a Cyber-Risk Analytics Firm

Traditional reinsurance companies will start offering meaningful cyber capacity in 2024 as cyber insurance is “one of the fastest growing lines of insurance to emerge in a generation,” according to the CEO of cyber risk analytics specialist, CyberCube. In a series of predictions from CyberCube… Read More

Insurtech: Sumitomo Life to Acquire Singapore Digital Insurer Singlife

Sumitomo Life Insurance Company (Sumitomo Life) has agreed to acquire all shares of Singapore digital insurer Singlife held by TPG, which currently owns about 35% of the insurtech firm. Furthering its investment, Sumitomo Life plans to extend offers to purchase shares from the remaining shareholders… Read More

Lydia, Insurtech Qover to Enhance Insurance Experience for European Clients

Lydia, a mobile banking application, has partnered with insurtech Qover to introduce a seamless travel insurance experience. This offering is exclusively available “to Lydia’s premium cardholders, known as Black+ users, in Belgium, France, Portugal and Spain.” Qover’s embedded insurance orchestration platform is at the heart… Read More

Insurtech: CyberCube, the Insurance Industry’s Cyber Analytics Provider, Introduces Latest SaaS Solution for Underwriters

CyberCube, the insurance industry’s cyber analytics company, has launched Version 5.0 (v5) of Account Manager, the software-as-a-service (SaaS) solution designed explicitly for underwriters. Account Manager v5 reportedly “extends the capabilities of Portfolio Manager, CyberCube’s portfolio modeling product.” For clients that license both solutions, this gives… Read More

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