Tagged: insurtech

Insurtech Firm TheGuarantors Launches Security Deposit Replacement Offering

TheGuarantors, a U.S. insurtech platform for rentals, announced last week the launch of its Security Deposit Replacement (SDR)offering, which offers tenants a flexible, cost-saving alternative to meeting security deposit requirements while also reducing landlord administrative burdens and financial risks. According to TheGuarantors, SDR replaces the… Read More

Robert Downey Jr.’s Downey Ventures & Will Smith’s Smith Family Circle Invest in Insurtech Startup Ethos

On Thursday, insurtech startup Ethos announced it secured $11.5 million through its latest financing round, which was led by Sequoia Capital with participation from Robert Downey Jr.’s Downey Ventures, Kevin Durant’s Durant Company, Will Smith’s Smith Family Circle, and a credit facility from Silicon Valley Bank. Founded in 2016, Ethos describes… Read More

UK Insurtech Platform Wrisk Nears £1M Milestone on Seedrs

The Seedrs alum Wrisk began its second crowdfunding campaign in May — its second within a year — and is crushing it again within a few weeks. Having already raised over £954,550 on its current Seedrs convertible campaign (a mere £500K was the platform’s initial goal),… Read More

ING Partners With AXA to Create Global Insurance Platform

ING and AXA announced on Wednesday they have formed an exclusive, long-term, multi-country bancassurance partnership to provide insurance products and related services through a central digital insurance platform. The companies reported that under this new partnership, ING will bring its digital banking experience and AXA… Read More

Insurtech Startup Kin Insurance Secures $13 Million Through Latest Funding Round

U.S. insurtech startup Kin Insurance announced earlier this week it secured $13 million through its latest round of funding. The company reported the funds will go towards its mission to help protect homeowners nationwide. Founded in 2017, Kin describes itself as a home insurance startup… Read More

Overfunding: Insurtech Startup Celo Surpasses 100,000 Funding Target on Seedrs

Celo, an app-based insurance provider, has successfully secured its initial £100,000 funding target through its equity crowdfunding campaign on Crowdcube. The company has so far attracted more than 300 investors to the funding portal. As previously reported, insurtech company reported that it is planning to offer… Read More

Zurich Insurance Group Acquires Minority Stake in Insurtech Startup CoverWallet

On Thursday, insurtech startup CoverWallet announced that global insurance company Zurich Insurance Group (VTX: ZURN) has acquired a minority stake in the company. According to CoverWallet, the investment builds on a commercial partnership between CoverWallet and Zurich in Europe that was announced in February. CoverWallet also… Read More

UK Insurtech Laka Secures £1.1 Million During Seed Funding Round Led By Tune Protect Group

Laka, a UK-based insurtech startup, announced on Thursday it has kicked off its global expansion by securing £1.1 million through its seed funding round, which was led by financial holding company Tune Protect Group Berhad with participation from 500 Startups.  The company, which was founded… Read More

Insurtech Platform For Event Goers TicketGuardian Debut Two Consumer Insurance Products

TicketGuardian, an insurtech startup that’s aiming to shake up the ‘no refunds’ standard of live events ticketing, announced on Thursday the launch of two new consumer-facing insurance products,  FanShield and RegShield, which give policy owners better coverage for both ticketed live events, and registered events. While… Read More

Insurtech Startup Wrisk Returns to Seedrs & Quickly Secures £500,000 Funding Target

Just a little over six months after launching its first equity crowdfunding campaign, UK-based insurtech Wrisk returned to Seedrs and has quickly secured its initial £500,000 funding target. As previously reported, Wrisk is seeking to shake up the antiquated insurance industry with their smartphone app that makes purchasing insurance… Read More

India Insurtech Acko Secures $12 Million Through Latest Investment Round Led By Amazon

Acko, an India-based insurtech firm, announced this week that it raised $12 million through its latest investment round, which was led by online retailing giant, Amazon. Founded in 2017 by Varun Dua, Acko describes itself as a digital insurance company that is looking to redefine insurance… Read More

London Insurtech Flock Raises £2.25 Million Through Seed Funding Round to Expand On-Demand Drone Insurance

Flock, a London-based insurtech, announced on Tuesday it raised £2.25 million through its Seed funding round from a range of global investors. Flock reported that the round was led by Anthemis, a VC focused on Fintech and Insurtech investments. Other investors included Silicon Valley’s Plug and… Read More

Insurtech Root Announces Significant Expansion in Columbus, Ohio Plans

Root Insurance, an Ohio-based car insurtech company, announced on Tuesday it is planning to significantly expand its presence in Columbus. This news comes nearly two months after the company secured $51 million in funding through its Series C round, which was led by Redpoint Ventures, with Scale Venture Partners… Read More

MetLife Announces Eight Finalists For Open Innovation Program collab 3.0 EMEA

MetLife announced on Thursday it has selected eight finalists for its open innovation program, collab 3.0 EMEA. The program was announced in March and invited entrepreneurs and insurtechs to scale their business through the platform while solving some of the insurer’s biggest innovation challenges across its business in… Read More

German Insurtech Simplesurance Secures $24 Million During Series C Funding Round

German insurtech Simplesurance has secured $24 million during its Series C funding round, which was reportedly led by Allianz X, who also further invested in the company, with participation from Rakuten Capital.  Founded in 2012, Simplesurance stated it has created a platform that offers transparent and efficient… Read More

CoverWallet Announces Insurtech Platform Expansion to Hanover Insurance Group Agents

Small business insurance startup CoverWallet announced this week it has expanded its insurtech B2B platform for carriers and agents to the Hanover Insurance Group, which is notably the first carrier to use the platform’s technology. According to CoverWallet, the CoverWallet B2B platform provides real-time quoting, underwriting,… Read More

Plug and Play & BNP Paribas Announces 11 Fintech & Insurtech Startups Join Season 3 of Acceleration Program

BNP Paribas, along with Plug and Play, announced on Friday that 11 fintech and insurtech startups have joined Season 3 of their collaborated acceleration program. BNP Paribas reported that it began its partnership with Plug and Play in 2016 and has since launched an international program… Read More

Hartford InsurTech Hub’s Accelerator Hosts First Demo Day

The InsurTech Accelerator, part of Hartford InsurTech Hub powered by Startupbootcamp InsurTech, recently hosted its first Demo Day at The Bushnell Theatre, in Hartford, Connecticut. According to organizers, out of the ten startups graduating from the cohort, five startups have already secured pilots with leading insurance companies… Read More

BBVA Announces New Categories For BBVA Open Talent Fintech Competition

BBVA announced earlier this week new categories for its upcoming BBVA Open Talent fintech competition. The company reports that this year’s competition is looking for “the best and brightest” ideas that will shape the future of financial services, with three prizes available. BBVA then revealed a… Read More

Hartford InsurTech Accelerator Demo Day Update: Sparking Innovation & Signing Pilot Programs

The InsurTech Accelerator, part of Hartford InsurTech Hub powered by Startupbootcamp InsurTech, hosted its first Demo Day in Hartford, Connecticut. Out of the 10 startups graduating from the cohort, 5 startups have already secured pilots with leading insurance companies within the core sponsoring partners: Cigna,… Read More