Tagged: insurtech

France’s Shift Technology, an SaaS Provider of AI based Decision Automation for Insurance, Secures $220M via Series D

France-based Shift Technology, an SaaS provider of AI-enhanced decision automation and optimization solutions for the insurance sector, recently revealed that it has finalized a $220 million Series D funding round. Shift Technology‘s latest investment round brings total investment in the company to $320 million along… Read More

Fintech and Insurtech Startups Accelerator F10 Switzerland to Support Sustainable Finance Initiatives

F10 Switzerland has reportedly graduated its second acceleration batch during an online startup event with several well-known attendees from the investor and corporate sector. F10 Switzerland is now accepting applications for its third accelerator – which aims to support sustainable finance and various services for… Read More

Fintech & Insurtech Vehicle Subscription Platform NXCR Announces Partnership With J.D. Power

  NextCar Holding Company Inc. (NXCR), a fintech and insurtech vehicle subscription platform, announced on Wednesday it has partnered with data analytics and consumer intelligence provider J.D. Power to bring proprietary data solutions, vehicle valuation, and consumer sunlight to support and strengthen its vehicle subscription… Read More

Expansion: U.S. Insurtech Kin Announces Landlord Insurance Launch in Louisiana

U.S. insurtech startup Kin Insurance announced earlier this week its agency, the Kin Insurance Network Distributor, is launching landlord insurance in Louisiana. As previously reported, Kin describes itself as an insurtech startup and licensed insurance carrier that is on a mission to fix home insurance through… Read More

Canadian Insurtech APOLLO Receives Coverholder Status With Lloyd’s of London

    Apollo Insurance Solutions Ltd. (TSXV: APLO Reserved), a Canadian online insurance provider, announced on Thursday it has secured coverholder status with Lloyd’s of London. APOLLO reported that the status gives it access to an expanded product portfolio and the ability to manufacture products… Read More

Expansion: U.S. Insurtech Branch Launches Home & Auto Coverage in Colorado & Oklahoma

    Branch, a U.S.-based insurtech startup, announced on Wednesday the expansion of its home and auto coverage in Colorado and Oklahoma. Founded in 2017, Branch explained that it “taps” into the power of the community to make insurance accessible and affordable for everyone, utilizing technology to… Read More

U.S. Insurtech Sigo Raises $1.5 Million Through Seed Funding Round

  Sigo, a U.S.-based insurtech that specializes in car insurance, announced on Tuesday it raised $1.5 million through its latest Seed funding round, which saw participation from Amicle Capital, Bonded Capital Ventures, Demeter Capital, Financial Solutions Lab, Park City Angels, and gANGELS. Founded in 2019, Sigo… Read More

Plug and Play Opens New Office in Seoul, Korea

  Global accelerator program Plug and Play announced on Tuesday the launch of its new office in Seoul, Korea. Plug and Play reported its Korea division will primarily focus on corporate innovation in the areas of Financial Services (Fintech, Insurtech, and Health) and Smart Cities (Mobility &… Read More

Insurtech Broker Cover Whale Announces Collaboration With Smart Choice For Truck Insurance

  Cover Whale, a U.S.-based insurtech broker, announced on Thursday it has formed a new partnership with Smart Choice. Cover Whale revealed its truck insurance platform will now be open to Smart Choice agents in select states and will provide new insurance options to America’s… Read More

U.S. Insurtech Brella Insurance Raises $15 Million Through Series A Funding Round Led By Brewer Lane Ventures

  U.S. insurtech Brella Insurance announced on Thursday it raised $15 million through its Series A funding round, which was led by Brewer Lane Venture with participation from Fidelity Security Life Insurance, SymphonyAI, Digitalis Ventures, Two Sigma Ventures, New York Life Ventures, and Founder Collective. Founded in 2019,… Read More

Insurtech: Lemonade, Powered by AI and Behavioral Economics, Is Readying its “Lemonade Car” for Launch Within a Year

Lemonade (NYSE:LMND), the insurance firm that’s powered by AI and behavioral economics, announced on Tuesday (April 20, 2021) that it’s “readying ‘Lemonade Car’ for launch within the year.” As mentioned in a release shared with CI, early registration is “now open at www.lemonade.com/car.” The announcement further… Read More

U.S. Insurtech Versured Launches Commercial & Life Insurance

    Versured, a U.S.-based insurtech, announced on Monday the launch of its commercial and life insurance. Founded in 2019, Versured stated it was built on a foundation of trusted brokerage partners with broad insights and experiences. Our core value of trust has remained central to… Read More

U.S. Insurtech Zywave Acquires Risk Management Solutions Provider Enquiron

    U.S. insurtech Zywave recently announced it has acquired Enquiron, a provider of risk management and consultative business solutions. Zywave reported that with the combination of its existing portfolio of solutions, the acquisition reinforces its “leadership” position in these markets. Founded in 1996, Enquiron… Read More

Malaysian Insurtech Fatberry Secures RM 2.5M or $600K via Pre-Series A Round led by Stockholm’s Abelco Investment Group

Malaysian Insurtech platform Fatberry has reportedly secured RM 2.5 million (appr. $600,000) through a pre-series A funding round. As noted by its management: “FatBerry is Malaysia’s most comprehensive online insurance portal. We allow you to compare and search for the best coverage plans quickly and… Read More

U.S. Car Insurance Platform Clearcover Secures $200 Million Through Series D Funding Round Led By Eldridge

  Clearcover, a U.S.-based car insurance platform, announced earlier this week it secured $200 million through its Series D funding round, which was led by Eldridge, with participation from American Family Ventures, Cox Enterprises, and OMERS Ventures. Founded in 2016, Clearcover describes itself as the… Read More

Insurtech: Lloyd’s Lab Announces 6th Cohort of Insurance Tech Startups with Focus on Climate, Product Simplification

Lloyd’s Lab has announced its sixth cohort with a special focus on “product simplification” and climate. Lloyd’s revealed on April 15, 2021 that the next eleven insurance technology (Insurtech) startups joining the sixth cohort of the Lloyd’s Lab innovation accelerator program will aim to develop… Read More

B2B Health Insurance Platform Nova Benefits Raises $1 Million Through Latest Investment Round

  Nova Benefits, a B2B health insurance platform, has reportedly secured $1 million through its latest seed round, which was led by Multiply Ventures, Better Capital and Titan Capital. Founded in 2020, Nova Benefits claims to be the one stop tech platform for providing the “best”… Read More

ZA Tech Global, the Technology Initiative Backed by Softbank Vision Fund I, Launches Asia Fintech Center

ZA Tech Global Limited, the technology venture established by ZA International and supported by Softbank’s Vision Fund 1, revealed on Friday (April 9, 2021) that it’s launching its Asia Fintech Center (AFC) in Singapore. The new center will focus on financial services innovation projects and… Read More

U.S. Insurtech Trov Continues Presence in the UK By Offering Digital Renters Insurance

Trov, a U.S.-based insurtech company, announced earlier this week that it is expanding its presence in the UK by offering digital renter’s insurance. The company also revealed a new wave of consumers that will offer digital insurance that is powered by its technology, which includes… Read More

U.S. Insurtech Fenris Raises $2.7 Million Through Latest Investment Round; Seeks to Modernize Insurance & Financial Applications

  Fenris, a U.S.-based insurtech platform, announced on Wednesday it secured $2.7 million in new investment round, which was led by IDEA Fund Partners with participation from  Six-Thirty VC, CIT GAP Funds, and Rezon8 Capital. Founded in 2016, Fenris states its APIs deliver real-time insights na… Read More

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