Tagged: insurtech

Insurtech Percipience Announces Implementation of Data Magnifier Delivered with Assistance from Ascot Group

Percipience, an insurtech data and analytics software provider, is pleased to announce an implementation of Data Magnifier was delivered successfully by a small, blended team of Ascot Group Limited and Percipience resources on-time and under budget. Ascot is one of the specialty risk assumption organizations…. Read More

Insurtech bolt Appoints Matt More as CFO for North America

bolt, the insurtech with the country’s largest technology-enabled insurance exchange, announced the appointment of Matt More as CFO for North America. More joins from ThoughtSpot, a leader in enterprise business intelligence SaaS, “where he was VP of Finance and Strategy.” In this role, he built… Read More

Brazil: Insurtech Firm Akad Seguros Secures $22.5m in Series A Funding

Akad Seguros, a digital insurance firm based in São Paulo, has successfully completed a Series A funding round, raising $22.5 million, according to an announcement. The funding effort was spearheaded by Valor Capital Group and included significant contributions from Across, Endeavor Scale-Up Ventures, Endeavor Catalyst,… Read More

Insurtech Lemonade Introduces Homeowners Insurance in France

Lemonade (NYSE: LMND), the digital insurance company powered by AI and social impact, today announced the launch of Homeowners insurance in France in partnership with BNP Paribas Cardif. Millions of occupying homeowners “can now purchase extensive coverage for their home and belongings, featuring the same seamless… Read More

Insurtech Cover Whale Extends Auto Liability Insurance Coverage in Additional US States

Cover Whale Insurance Solutions, Inc., an Insurtech specializing in connected insurance for commercial auto insurance, continues its expansion across the United States, announcing the availability of its auto liability coverage for truckers and fleets in six additional states: Maine, Montana, Nebraska, North Dakota, South Dakota,… Read More

Insurtech Qover, the Embedded Insurance Firm, Partners with UK’s Yonder

Qover, the insurtech firm focused on embedded insurance orchestration, announces its partnership with UK-based credit card Fintech Yonder, offering its members a seamless and comprehensive travel insurance experience. Yonder, a lifestyle credit card with a unique rewards program, claims that it “is elevating the insurance… Read More

Insurtech Akur8 Accelerator for AI-Powered Pricing Available for Cloud Users via Guidewire Marketplace

Akur8, the insurance pricing solution, and Guidewire, the property and casualty (P&C) insurance cloud platform, are excited to announce that the Ready for Guidewire validated Akur8 Accelerator for AI-Powered Pricing is now fully available for both cloud and on-premise users of PolicyCenter, offering a fully… Read More

Insurtech bolttech Expands into Middle East via stc Group Partnership

International insurtech bolttech recently announced its expansion into the Middle East with the launch of its partnership with stc Group, the telecommunications company acting as the engine of digital transformation in the region. bolttech’s collaboration with stc Group will “provide stc’s customers with innovative, embedded… Read More

Digital Insurtech Firm CyberCube Highlights Focus Areas for Cyber Insurance and Broking Sector

Nation-state cyber threat actors are expected to acquire and flex new offensive cyber capabilities in an increasingly polarized world, warns cyber risk analytics specialist CyberCube. In a new report published recently, CyberCube anticipates there will “be further attempts to compromise IT supply chains and geopolitical… Read More

Insurtech wefox Announces Appointment of Mark Hartigan as Executive Chair and CEO, as Founding CEO Transitions

wefox, an Insurtech firm, has announced the appointment of Mark Hartigan as its Executive Chairman and Chief Executive Officer. Julian Teicke will be transitioning into “the non-executive role of President, and remain Vice Chair of the Board of Directors after nine successful years of steering… Read More

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