Tagged: insurtech

Insurtech Platform Coverhound Secures $58 Million Through Series D Funding Round Led By Specialist Insurer Hiscox

CoverHound, the property and casualty (P&C) insurance platform for digital distribution, announced last week it secured $58 million through its Series D funding round, which was led by specialist insurer Hiscox, with participation from insurance providers Chubb, Aflac Ventures and Japan-based MS&AD. Founded in 2010, Coverhound offers digital shoppers instant quotes… Read More

Friendsurance CEO Tim Kunde Discusses New Business Brand, Bancassurance, Insurtech Trends & More…

The German digital insurance platform Friendsurance, which serves nearly 150,000 customers and works together with 175 insurance companies, now offers its digital bancassurance solutions under the new brand name Friendsurance Business. The expansion was made in  response to the increased demand from banks and insurance… Read More

Zurich Insurance Group Names Zesty.ai Winner of Global Insurtech Competition

Zurich Insurance Group announced on Thursday it has named Zesty.ai the winner of its global insurtech competition, Zurich Innovation World Championship. According to Zurich, Zesty.ai was selected for its work using artificial intelligence to revolutionize risk underwriting and customer experience for Property and Casualty insurance…. Read More

U.S. Insurtech Root Insurance Announces 2019 Continued Expansion

Root Insurance, an Ohio-based car insurtech company, announced last week plans for continued expansion into additional states in 2019, with a goal to expand its services nationwide by 2020. As previously reported, Root was founded in 2015 and describes itself as a full-stack automobile insurance company founded on the… Read More

Invia Flights Germany Partners With Insurtech Protection Platform Setoo to Provide Insurance Services

Insurance and protection-as-a-service company, Setoo, announced last week it has formed a new partnership with Invia Flights Germany GmbH, an Invia Group company, to independently design and distribute new types of insurance products that are personalized, transparent, and offer immediate compensation with no claim process required, Setoo reported that… Read More

Ping An Voyager Fund Leads Investment in AI HealthTech Airdoc

Ping An Insurance Company of China, Ltd. (HKEx: 2318; SSE: 601318) announced over the weekend that the Ping An Global Voyager Fund has invested in AI medical solution company Airdoc during its B+ round of funding. Ping An reported it has led the round along with… Read More

Aflac Announces $20 Million Minority Equity Investment in Insurtech Singapore Life

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Aflac Incorporated (NYSE: AFL) announced on Monday it has made a $20 million minority equity investment in Singapore Life Pte. Ltd., a life insurtech company based in Singapore. The insurance giant also reported its operating subsidiary American Family Life Assurance Company of Columbus plans to enter into a reinsurance agreement on certain protection… Read More

TicketGuardian Secures $8 Million Through Series A Funding Round Led By American Family Ventures & IA Capital Group

TicketGuardian, an insurtech startup that’s aiming to shake up the ‘no refunds’ standard of live events ticketing, announced this week it has secured $8 million through its Series A funding round, which was led by American Family Ventures and IA Capital Group. Founded in 2016, TicketGuardian is an… Read More

U.S. Insurtech Slice Brings Cloud Services to the UK & EU

Slice Labs Inc., an on-demand insurance cloud platform provider, announced on Thursday the availability of Insurance Cloud Services (ICS) in the UK and EU. Slice reported that the first customer to use ICS in the UK is Legal & General with the launch of on-demand,… Read More

CoverWallet Launches Insurtech Platform Specifically For Commercial Insurance

U.S.-based insurtech startup CoverWallet announced on Tuesday the launch of CoverWallet for Agents, which is described as a dedicated platform for insurance agents. According to CoverWallet, those using the new platform will benefit from a “fast, simple, and efficient” way to provide commercial insurance to… Read More

Fintech/Insurtech novae Forms New Partnership With Digital Tech Agency AAXIS to Strengthen White Label B2BC Digital Capability Framework alle2020

Novae, a U.S.-based fintech and insurtech firm, announced on Wednesday it has teamed up with digital tech agency AAXIS to continue the growth and development of the capabilities of alle2020, a global, white-label B2B2C digital capability framework it launched in October. According to Novae, alle2020 uses… Read More

Financial Solutions Provider LAFISE Group Selects Fintech & Insurtech novae As Digital Transformation Partner

LAFISE Group (LAFISE), a Latin American financial services provider, announced on Tuesday it has selected fintech and insurtech company novae to support its digital transformation. The LAFISE Group reported that as a first step in the process, the Dominican Republic locations of the group’s retail bank chain, Banco LAFISE… Read More

U.S. Insurtech Ethos Raises $35 Million Through Series B Financing Round Led By Accel

Insurtech company Ethos announced on Tuesday it successfully raised $35 million through its Series B financing round, which was led by early and growth-stage venture capital firm, Accel with participation from Google Ventures (GV), previous investors Sequoia Capital and Arrive, a subsidiary of Roc Nation,… Read More

Ping An Announces Full Upgrading of Ping An Cloud; Now Offers Services to External Customers & Sets Up Strategic Partnership with GitHub

Ping An Insurance Group announced on Wednesday it has done a full update of its Ping An Cloud. The company reported the Cloud is entering a new phase of offering cloud services to external customers. As previously reported, Ping An is considered one of the largest… Read More

HCS Capital Partners Invest $3 Million into Insurtech Startup Jooycar

U.S. based private equity and operating firm HCS Capital announced on Tuesday it invested $3 million in Jooycar, a Chilean insurtech that is seeking to disrupt the auto insurance and telematics space in Latin America. HSC Capital reported that the insurtech investment marks the most recent… Read More

Insurtech Startup Jumpstart Launches: Now offering Natural Disaster Insurance in California

Insurtech startup Jumpstart announces the official launch of an innovative type of natural disaster insurance in California, initially for earthquakes. Founded in 2015, Jumpstart stated its technology-driven, index-based approach delivers instant signup, affordable coverage, and automatic payout. “Starting with the earthquake risk in California, our first-of-its-kind policy… Read More

Y Combinator Alum Cover Secures $16 Million Through Series B Funding Round Led By Tribe Capital

Cover, a U.S.-based mobile insurtech company and Y Combinator alum, announced last week it secured $16 million through Series B funding round, which was led by Tribe Capital with participationfrom Samsung, Y Combinator, Exor and Social Capital. Founded in 2016, Cover’s primary product is a… Read More

Property & Casualty Insurtech Insuresoft Forms Strategic Alliance with SPLICE Software

Insuresoft, a digital insurance platform provider for property and casualty insurers, announced last week it has formed a partnership with SPLICE Software, which specializes in using big and small data and voice technologies to drive customer engagement. The duo has reportedly teamed up to provide Insuresoft’s… Read More

U.S. Insurtech Haven Life Increase Maximum Coverage Amount to $3 Million

U.S. insurtech Haven Life announced at InsureTech Connect 2018 it is increasing its maximum coverage amount to $3 million. According to the insurance brand, this increase in face amount from $2 million to $3 million is a strategic move to better serve customers who are coming to Haven Life to secure affordable,… Read More

Plug and Play Insurtech Announces 17 Startups Selected For Batch One of the Insurtech Europe Program

Plug and Play Insurtech announced earlier this week 17 startups will join Batch One of “Insurtech Europe powered by Plug and Play,” which is described as a platform that formally launched on November 14, 2017, by Plug and Play Insurtech and Insurtech Hub Munich. The corporate partners… Read More

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