Apollo Exchange, a Canada-based insurtech startup, recently announced it has officially entered the U.S. insurance market. Apollo reported that it entered the American market with a liability insurance product tailored for educators in California. Its insurance product allows consultants, instructors, and therapists to purchase their… Read More
Insurtech Europe, Plug and Play’s Insurtech platform based in Germany, announced on Thursday the 14 startups that have been selected for its third batch. According to Plug and Play, the program aims to facilitate opportunities for pilots, POCs, and new relationships between the selected batch… Read More
The Global Insurance Accelerator (GIA), an insurtech accelerator focused on supporting and promoting innovation for the insurance industry, announced on Wednesday changes to the funding structure beginning with the 2020 cohort, and applications are now open GIA reported that since its launch 36 startups accepted… Read More
Global innovation platform Plug and Play announced on Thursday the 130 startups selected to participate in their Winter 2019 batches. According to the accelerator, the selected startups will participate in one of the following programs: Enterprise 2.0, Health, Insurtech, Internet of Things, Mobility, Real Estate & Construction, or Travel & Hospitality. Speaking… Read More
U.S.-based insurtech startup Spot announced on Friday it has launched its subscription-model injury coverage, which provides coverage for out-of-pocket expenses, including insurance deductibles. Founded in 2017, Spot described itself as an ambitious startup entering the insurance industry by opening an entirely new channel of distribution… Read More
Insurtech startup Pie Insurance announced on Tuesday it has achieved significant growth in the number of team members, online quote tool usage, and written premium six months since raising $4.3 million through Series B Funding Round, which was led by Moxley Holdings and Elefund, with… Read More
Broker Buddha, a U.S.-based insurtech platform, announced on Tuesday it secured $4.5 million through its latest investment round, which was invested by Vertex Ventures. Founded in 2017, Broker Buddha explained it is transforming the application and renewal process to make insurance agencies more efficient and… Read More
OneConnect Financial Technology Co. Ltd. (OneConnect), an associate company of China’s insurance giant Ping An Group, announced on Wednesday it has signed a memorandum of understanding (MoU) with insurer Asuransi Sinarmas, a unit of Sinarmas. OneConnect reported that through the MoU it will enable Asuransi Sinarmas to… Read More
Blink, part of Leeds headquartered CPP Group Plc, recently announced it has teamed up with Canadian travel insurance group Manulife to support the roll-out of real-time insurance services. CPP claimed that since its inception in 2016, Blink has quickly established itself as one of the most… Read More
U.S. insurtech startup Kin Insurance announced on Wednesday it secured $47 million through its latest investment round. According to Kin, the funds will be used to launch its Kin Interinsurance Network, a Florida home insurance carrier. Founded in 2016, Kin describes itself as insurtech startup… Read More
Insurtech company Ethos announced on Tuesday it secured $60 million through its Series C funding round, which was led by GV (formerly Google Ventures) with participation from Goldman Sachs. The funding comes less than a year after Ethos raised $35 million through its Series B… Read More
Axinan, a Singapore-based insurtech firm, announced last week it secured a combined General and Reinsurance license from Labuan Financial Services Authority. Founded in 2016, Axinan reportedly provides digital insurance for the internet economy. “Leveraging big data, actuarial risk management and machine-learning, we create products that… Read More
CareVoice, a China-based insurtech startup, announced earlier this week it secured eight figures during its Series A investment round, which was led by LUN Partners Group with participation from DNA Capital, SOSV, and Artesian Capital. Founded in 2014, CareVoice states it provides a mobile-based data-driven… Read More
Arch Insurance North America announced earlier this week it has entered into a definitive agreement to acquire Ventus Risk Management, a technology and analytics-driven managing general underwriter (MGU) that specializes in providing coastal commercial property insurance solutions to small and mid-sized enterprises. Arch claims that… Read More
Chronwell, a U.S. insurtech startup for the workers’ compensation industry, announced earlier this week it secured $2.8 million in funding, which brings its total capital raised to $7.8 million Founded in 2017, Chronwell claims it is focused on providing the “highest level” of empathy-driven care… Read More
Slice Labs Inc., an on-demand insurance cloud platform provider, announced on Wednesday it has entered in a proof-of-value contract with Sompo to bring on-demand insurance to Asia. According to Slice, the new partnership brings on-demand insurance to the Asia Pacific region of Asia, the first… Read More
Semsee, a U.S.-based insurtech startup that is focused on streamlining workflows for independent insurance agents and wholesalers, announced today the end of a successful three-month pilot program. Founded in 2017, Sense describes itself as an independent insurance agent’s go-to platform for quoting small commercial business… Read More
Trov, a U.S.-based insurtech company, announced on Thursday it is officially launching its platform that provides end-to-end digital, white-labeled insurance products designed to be rapidly deployed by financial organizations and insurers. Along with the platform, Trov also reported it has formed a partnership with Lloyd’s Banking… Read More
Insurtech startup Hippo Insurance announced on Wednesday it secured $100 million Series D funding round led by Bond, a global technology investment firm founded by Mary Meeker, Mood Rowghani, Noah Knauf and Juliet de Baubigny. Hippo reported that since its launch in 2017, its “modern take”… Read More
Arturo, a deep-learning property analytics company incubated within American Family Insurance, recently announced it has formed a partnership with insurtech startup Hippo Insurance. Arturo reported that its property analysis capabilities, which provides near-real-time physical property characteristics, now integrates with Hippo’s proprietary policy management system. “Arturo’s… Read More
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