Car insurance company Root Insurance announced on Thursday it is expanding its services to drivers in Illinois, Utah, Oklahoma, and Indiana. Founded in 2015, the Ohio-based insurtech company claims to be the first insurance firm that was founded on the “principle of fundamental fairness.” It has… Read More
Read more in: Insurtech | Tagged dan manges, insurtech, root insurance, u.s., united states
On-demand insurance platform Slice Labs, Inc. announced on Thursday it has secured $11.6 million through its Series A investment round, which was led by XL Innovate with participation from Horizons Ventures, Munich Re/HSB Ventures, SOMPO, Plug and Play, and Tusk Ventures. Launched in 2016, Slice… Read More
Read more in: Insurtech | Tagged insurtech, series a funding, slice labs, tim attia, tom hutton, xl innovate
On Thursday, British multi-national insurance company Aviva announced it has made an agreement to acquire a majority shareholding stake in robo investment company Wealthify. According to Aviva, the investment is part of its strategy to build customer loyalty by providing customers with a wide range… Read More
Read more in: General News, Insurtech | Tagged aviva, blair turnbull, insurtech, investment, richard theo, wealthify
Earlier this week, online insurance marketplace Ensurem announced it secured a $12.25 million investment from A-CAP, a New York City-based insurance holding company specializing in life and health insurance and related services. According to Ensurem, the funding from A-CAP comes just after the company’s successful angel… Read More
Read more in: Insurtech | Tagged a-cap, david rich, ensurem, insurtech, investment, kenneth king
PremFina Ltd, a UK-based company that increases access to insurance by providing financing options for the purchase of insurance premiums, announced on Wednesday it secured £27 Million ($36 million) in equity funding and a debt facility. According to the company, Rakuten Capital, the investment arm of… Read More
Read more in: Insurtech | Tagged bundeep singh rangar, insurtech, oskar mielczarek, premfina, simon cook, uk, united kingdom
California-based global innovation platform Plug and Play announced last week its Winter 2017 Batches. The platform reported that it will run five programs this quarter focused on Health & Wellness, Insurtech, Internet of Things, Mobility, and Travel & Hospitality. According to Plug and Play, the selection process engages… Read More
Read more in: Global, Insurtech | Tagged insurtech, plug and play, saeed amidi, winter 2017 batches
On Thursday, Plug and Play Japan announced it opened applications for its first batch of start-ups. The program is set to begin in November and the organization is seeking startups in three categories, Internet of Things (IoT), Fintech, and Insurtech. Plug and Play Japan stated… Read More
Read more in: Asia, Fintech, General News, Insurtech | Tagged accelerator program, fintech, insurtech, internet of things, plug and play, plug and play japan
German-based insurtech start-up Coya has reportedly secured $10 million during its latest seed funding round, which was led by Peter Thiel’s fund Valar Ventures with participation from e.ventures and La Famiglia. According to Business Insider, Coya was founded by two veterans of German lender Kreditech and former Vienna Insurance… Read More
Read more in: Insurtech | Tagged coya, dr. peter hagen, insurtech, investment, peter thiel, seed funding
It’s been quiet an exciting week for Abu Dhabi Global Market: global Fintech challenges, new alliances and partnerships. ADGM and KPMG have synced to launch the first ever FinTech Abu Dhabi Innovation Challenge on 22 October 2017 in Abu Dhabi to enable startups to… Read More
Read more in: Fintech, General News, Global | Tagged abu dhabi, adgm reglab, financial and investment management, financial inclusion, global fintech hackcelerator, insurtech, measa region, mena region, private capital markets, regtech, singapore, swiss finance + technology association, trade finance, uae, umair hameed, wai lum kwok
On Tuesday, the British Insurance Brokers’ Association (BIBA) announced it has teamed up with Insure Apps to launch a new insurtech app, called Claims Made Easy, that may reduce the average claims reporting of 23 days by up to 90%. According to BIBA, the app significantly… Read More
Read more in: Insurtech | Tagged app, biba, british insurance brokers association, insure apps, insurtech, smartphone, stephen marshall, steve white
India-based Coverfox has reportedly raised Rs 96 crore ($15 million) during its latest Series C Funding Round, which was led by U.S. insurer Transamerica with participation from existing investors. Founded in 2013 byVarun Dua and Devendra Rane, Coverfox reportedly offers products online for Indian customers across… Read More
Read more in: Insurtech | Tagged coverfox, devendra rane, india, insurance, insurtech, varun dua
BNP Paribas -Plug and Play announced on Tuesday it is partnering with Paris-based startup campus, Station F, to host its upcoming fintech/insurtech accelerator program. According to the organizations, the new partnership will provide a venue for the program. While sharing details about the upcoming program launch, Roxanne… Read More
Read more in: Fintech, General News, Insurtech | Tagged accelerator, bnp paribas, fintech, insurtech, jacques d’estais, plug and play, roxanne varza, saeed amidi, station f
Next Insurance, an insurtech company that specializes in small to medium businesses, announced on Wednesday it secured $29 million during its Series A funding round, which was led by Munich Re/HSB Ventures with participation from Markel, Nationwide, and other existing investors. Next Insurance explained that… Read More
Read more in: Insurtech | Tagged hsb ventures, insurtech, market, munich re, nationwide, next insurance, series a funding
Insurtech startup Hippo Insurance announced on Wednesday it is officially launching in California. The company is currently seeking to reinvent the way its customers seek home insurance by giving them the ability to receive a quote quickly and purchase instantly online at lower prices. Hippo’s platform… Read More
Read more in: Insurtech | Tagged assaf wand, california, hippo insurance, home insurance, insurtech
Business summit FutureTech Congress is set to be held on May 24th and 25th in the city of Warsaw. According to its organizers, the event is set to address various trends in the insurtech, fintech, and big data industries, along with host experts from all over… Read More
Read more in: Fintech, General News, Global | Tagged big data, events, fintech, futuretech congress, insurtech, marcin petrykowski, poland, warsaw
The Financial Conduct Authority (FCA) is holding a two-day event this week focusing on the emerging InsurTech sector. The InsurTech Forum will take place on March 28 and 29 and is part of the Project Innovate initiative. The InsurTech forum will discuss developments in the market and… Read More
Read more in: Fintech, Global | Tagged fca, financial conduct authority, insurtech, simon kirby, uk, united kingdom
PBOC Becomes the First Central Bank to Issue Digital Currency Just at the start of 2017, People’s Bank of China (PBOC) took a big step in the area of digital currency. According to its announcement, PBOC has managed to test digital bill trading with beta-digital… Read More
Read more in: Asia, Featured Headlines, Fintech, Global, Insurtech | Tagged blockchain, china, dlt, insurtech, jd finance, jd financial, peoples bank of china, shenzen capital group, tencent, weiyangx, xu gao, zuihuibao
InsurTech startup Hippo announced on Tuesday it has formed a partnership with virtual insurance agency provider, Elafris. According to Hippo, the new partnership agreement will allow the company to create its own virtual agent chatbot infrastructure. Hippo describes itself as revolutionizing home insurance by making it… Read More
Read more in: Fintech | Tagged avid pinkovezky, elafris, fintech, hippo, insurtech, jake diner, partnership
BNP Paribas, alongside its partner Plug and Play, announced on Friday they are launching a fintech and insurtech acceleration program in Paris. According to BNP Paribas, the three-month program will be held twice a year and offer 10 startups with the following services: Business plan… Read More
Read more in: Fintech, General News, Global | Tagged bnp paribas, fintech, insurtech, jacques d’estais, plug and pay, saeed amidi
The following are my top ten Fintech predictions for the coming year. While 2016 has been a momentous period in Fintech innovation there is more to come. 10 – Sensors Internet of Things (IoT), Wearables, Smart Home and Connected Car will bring massive change to… Read More
Read more in: Featured Headlines, Fintech, Insurtech, Opinion | Tagged insurtech, marketplace, online lending, p2p, peer to peer, perspective, predictions, regulations, timothy li
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