Tagged: insurtech

The Future of Insurance is Here – Singapore

ITC Asia is the region’s largest insurtech event – offering unparalleled access to the most comprehensive and global gathering of tech entrepreneurs, investors, and insurance industry incumbents. Over the course of three days, the industry will convene to showcase new innovations, to learn how to… Read More

Inurtech: Pie Insurance Continues Leadership Team Expansion with Key Appointments

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Pie Insurance, an Insurtech specializing in workers’ comp insurance for small businesses, announced it appointed leadership team members “including David Samuels as the first chief commercial officer, Dimitrius King as the first chief claims officer, Kelly North as vice president of business development, and Jen… Read More

Insurtech Cover Whale Reaches $100M Premium Milestone

orca whale killer whale

Cover Whale Insurance Solutions, Inc., a commercial auto Insurtech that’s using data to “make our nation’s roads safer,” recently announced today that it has “exceeded $100 million in written premium.” During the two years since its founding, Cover Whale has “stealthily revolutionized the world of… Read More

Insurtech: Elpha Secure Introduces Cyber Insurance Offering via Socotra’s Cloud Platform

Insurtech

Elpha Secure, a cybersecurity startup that offers cyber insurance combined with security software to small businesses, has chosen Socotra “to complement its proprietary technology and launch a new cyber insurance product for a variety of industries.” In order to bring its new product to market,… Read More

Insurtech: Hong Kong’s OneDegree, Munich Re to Introduce a Digital Asset Insurance Product

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Hong Kong’s insurance firm OneDegree recently revealed that it has agreed to a 3-year  partnership with Munich Re in order to introduce OneInfinity, a digital asset insurance product. As noted in the update, OneInfinity is an insurance and tech product offering developed specifically for digital… Read More

Digital Insurance Advisory Sherpa Secures Investment from Insurtech Unicorn bolttech

Insurtech

Sherpa recently announced that it has received a “strategic” investment from bolttech, the international insurtech unicorn, “as part of a collaboration to expand the international presence of the digital insurance and protection advisory tool, Sherpa Score.” Sherpa Score is “a data-driven advisory platform that provides… Read More

Insurtech Lemonade Announces Launch of Lemonade Car in Tennessee

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Lemonade (NYSE:LMND), the digital insurance firm that’s powered by social impact, recently announced the launch of Lemonade Car in Tennessee. Following the initial launch in Illinois, Tennessee “marks the second state to feature availability of Lemonade’s newest environment-friendly product.” Hitting “record” snow averages this winter… Read More

Socotra Celebrates $50M Series C, Funds to Drive Growth of Insurtech Platform

alex knight Insurtech

Insurance technology platform Socotra today announced the closing of a $50 million Series C funding round led by Insight Partners. Existing investors 8VC, Portage Ventures, Brewer Lane, MS&AD Ventures, and Nationwide Ventures also participated in this round, bringing total funds raised to date to $96 million…. Read More

Insurtech Spring Conference – New York

InsurTech NY is hosting its third annual spring conference to bring together legacy insurance carriers and InsurTech leaders to New York City. Hear from more than 40 speakers, network with over 400 insurance influencers, and visit more than 20 expo booths. Insurers must make a… Read More

Insurtech RenewBuy, a Digital Insurance Marketplace, Acquires Fintech Artivatic.AI

alex knight Insurtech

Digital insurance marketplace RenewBuy has reportedly acquired Bengaluru-headquartered Fintech firm Artivatic.AI. The strategic acquisition by RenewBuy has been made as it aims to scale its operations and further enhance its tech stack to address the requirements of clients in insurance claim settlement, risk assessment and… Read More

Overfunding: UK Insurtech Pikl Secures £1.96M+ from 285 Investors via Seedrs

Adam Smith on iPhone X Money Pounds UK

Pikl, a fast-growing Insurtech business offering solutions that enable the Sharing Economy to thrive, has secured 109% (£1,967,791) of its £1,800,006 target with 26 days left in the firm’s crowdfunding campaign carried out via Seedrs. Located in Norwich, United Kingdom, Pikl operates in the finance… Read More

NEXT Insurance Is Now Covering Auto Services, Repair Industry as Firm Expands Support for SMBs

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NEXT Insurance, the digital Insurtech firm streamlining small business insurance, has announced that it’s expanding its next-gen coverage to businesses in the Auto Services & Repair sector. The firm is providing its all-digital General Liability (GL), Workers’ Compensation (WC), Commercial Auto (CA) & Commercial Property… Read More

Hippo Teams Up with Socotra to Support Hippo’s Homeowners Association Insurance Product

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Hippo (NYSE: HIPO), the home insurance group that formed a new standard of care and protection for homeowners, recently announced an expansion of the firm’s Commercial Lines homeowners association (HOA) insurance into new markets “following initial positive traction and engagement since its launch in August… Read More

Insurtech Zego Says it Will Grow Professional Team in 2022, and Scale Products Across Europe

Insurtech

The team at Zego says that 2021 was a year for “the books” at the firm. They’ve reflected on some of the main achievements that have taken place at Zego over the past year. These include their Series C round of fundraising, strategic partnerships, as… Read More

Digitizing the Auto Insurance Industry Can Improve Operational Efficiency: Report

Fast Car Automobile BMV i8

Digital is the “name of the game” when it comes to attracting auto insurance clients, according to an update from Notarize, which helps consumers with signing and notarizing “life’s most important documents online.” The Boston-based financial services firm writes in a blog post that the… Read More

Insurtech LeaseLock Remains Committed in 2022 to Deliver True Deposit Replacement Product Powered by AI

Insurtech

As 2021 came to an end, LeaseLock reflected on the considerable growth they have achieved alongside their customers, business partners, advisors, supporters, and colleagues. From securing $52 million in a Series B investment round, to exceeding $2 billion in leases insured, to launching a major… Read More

Insurtech: Hi Marley, an Intelligent Communication Platform for Insurance Industry, Explains Importance of Product Testing

Test Testing California Los Angeles Sign

Ujjval Patel, Director of Solutions and Consulting, Hi Marley, notes that the insurance industry is evolving, and carriers of all sizes will have to innovate in order to respond to their customer and employees’ requirements. When properly implemented, many tech solutions offer considerable value, with… Read More

Insurtech Lemonade Redesigns App After Expanding Services to Life, Pet, Car Insurance

alex knight Insurtech

Lemonade (NYSE:LMND), the insurance firm that’s powered by AI and behavioral economics, notes that the end of the year 2021 is a time for “sitting back, taking stock, and reflecting on the past twelve months.” Although the Insurtech firm “doubtlessly” made a few mistakes along… Read More

Broker Insights Secures £6M via Series A Round led by Mercia Asset Management

UK British Pound Money

Broker Insights – the “high-growth” firm whose digital platform is focused on transforming the commercial insurance market – has secured nearly $8 million (appr. £6 million) in a Series A round led by Mercia Asset Management. Chroma Ventures, which first backed Broker Insights with seed… Read More

Overfunding: European Insurtech DeadHappy Secures £5.3M+ from 443 Investors via Seedrs

alex knight Insurtech

DeadHappy, which is the “home of the deathwish” and changing attitudes to death… “one deathwish at a time,” has secured 104% (£5,326,640 from 443 investors) of its £5,100,007 target with 24 days left in its crowdfunding campaign being carried out via Seedrs. Based in Leicester,… Read More

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