Tagged: insurtech

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

Standard Insurance Company Announces Strategic Partnership With Plug and Play Insurtech

Standard Insurance Company (The Standard), a provider of financial products and services, announced on Wednesday it has entered into a strategic partnership with Plug and Play Insurtech, a startup accelerator and open innovation platform. According to the duo, The Standard will act as an anchor partner on the Plug… Read More

HCI Group Insurtech Platform “TypTap” Surpasses $10 Million In Gross Written Premiums

HCI Group, Inc. (NYSE: HCI) announced on Thursday its that insurtech platform TypTap has surpassed $10 million in gross written premiums. According to HCI, TypTap provides residential flood insurance in Florida, features the company’s internally developed, online quoting and binding platform. The platform also provides a quote in seconds and… Read More

Insurtech Startup Celo Now Seeking £100,000 Through Crowdcube Funding Round

Celo, an app-based insurance provider, is now seeking £100,000 through its equity crowdfunding campaign on Crowdcube. The insurtech company reported that it is planning to offer insurance cover for motor vehicles, travel, health, and gadgets. It noted that like how challenger banks Monzo and Starling Bank took… Read More

U.S. Insurtech CapSpecialty Launches New Cloud-Based Platform For End-to-End Submission & Underwriting Process For Casualty Coverage

CapSpecialty, a provider of specialty insurance for small to mid-sized business in the U.S., announced on Tuesday the launch of DragonX, which is described as a cloud-based platform that streamlines the end-to-end submission and underwriting process for excess casualty coverage with competitive premiums and limit options…. Read More

Plug and Play Accepts 156 Startups Into Eight Programs

Plug and Play announced on Thursday the 156 startups accepted into eight of its programs. These programs will run from April through June and include Energy & Sustainability, Enterprise 2.0, Health & Wellness, Insurtech, Internet of Things, Mobility, Real Estate, and Travel & Hospitality. The organization… Read More

OneEleven & Aviva Canada Announces Five Startups Selected For Insurtech Growth Program

On Wednesday, Canada’s OneEleven announced the participants of their Insurtech Growth Program. The startup community announced in January it was joining forces with insurance company Aviva Canada to support the success of growing Canadian insurtech companies. The program, which runs for four months, will provide the… Read More

California Insurtech Startup Bunker Forms Partnership With Chubb to Accelerate New Insurance Product Development

Bunker, a California-based insurtech startup, announced last week it has formed a partnership with Chubb Insurance to accelerate new insurance product development. According to Bunker, this new collaboration leverages Chubb’s strength as a large publicly-traded property-casualty insurer, along with Bunker’s technology platform. Speaking about the partnership, Chad Nitschke, Co-Founder… Read More

Insurance Platform Unum Named Anchor Partner of Plug and Play Insurtech

Unum (NYSE:UNM), a market leader in providing disability, life, accident, critical illness, dental and vision insurance in the workplace, announced on Tuesday it has formed a partnership with Plug and Play Insurtech, a Silicon Valley-based startup innovation platform. According to Unum, this new partnership connects the… Read More

U.S. Insurtech Oscar Secures $165 Million Through Latest Investment Round Led By Brian Singerman & Founders Fund

Oscar Health, a U.S.-based insurtech, announced last week it has raised $165 million through its latest investment round led by Brian Singerman and Founders Fund. Founded in 2013, the company stated it is focused on utilizing technology, design, and data to humanize healthcare. “We’re a group… Read More

Ohio Insurtech Root Insurance Completes Series C Round With $51 Million in Funding

Root Insurance, an Ohio-based car insurtech company, announced last week it secured $51 million in funding through its Series C round, which was led by Redpoint Ventures, with Scale Venture Partners and existing partners Ribbit Capital and Silicon Valley Bank Capital Partners.  Founded in 2015, Root described itself… Read More

Israel Insurtech Atidot Secures $5 Million Through Series A Funding Round Led By Vertex Ventures

Atidot, an Israel-based insurtech company empowering the life insurance industry with big data and predictive analytics, announced last week it secured $5 million through its Series A funding round, which was led by Vertex Ventures with the participation of existing investors The D.E. Shaw Group, Moneta Seeds, and… Read More

Startupbootcamp Participant Fo-Sho Plans to Expand Insurtech Products in South Africa

Fo-Sho, a South Africa-based insurance company and Startupbootcamp accelerator participant, announced this week it is planning to expand its insurtech product services in the region. Founded in 2016, Fo-sho describes itself as a South African insurtech startup that is powered by “cool” technology and using innovative… Read More

Plug and Play Announces Sixteen Startups Selected for Insurtech Inaugural Batch in Munich

Plug and Play announced on Thursday that 16 startups were selected to join the accelerator’s “Insurtech Europe powered by Plug and Play,” which was created with some of Plug and Play’s partners Allianz, Munich Re, Talanx, Versicherungskammer Bayern and Swiss Re as well as in… Read More

Cloud-Based Insurtech Insly Secures €2.2 Million Through Latest Investment Round Led By Concentric & Black Pearls VC

Insly, a cloud-based insurance platform, announced last week it secured €2.2 million during its latest investment, which was led by Concentric and Black Pearls VC. Founded in 2000, Insly describes itself as an insurance software development company that offers insurance policy management for insurance brokers, insurance… Read More

Dubai International Financial Centre Reports Fintech Ecosystem Gains Further Momentum in 2018

Dubai International Financial Centre (DIFC), an international financial hub in the Middle East, Africa and South Asia (MEASA) region, announced on Monday important developments in its Fintech ecosystem that further strengthen its position as MEASA’s number one and one of the world’s top ten FinTech… Read More

Insurance Broker NFP Launches New Venture Fund to Support Partnerships & Investments in Insurtech, Fintech, & HR Tech

NFP, an insurance broker and consultant that provides employee benefits, property & casualty (P&C), retirement and individual private client solutions, announced on Thursday it is launching a new venture fund focused on strategic partnerships and investments in the emerging Insurtech, Fintech and HR Tech industries. Shawn Ellis,… Read More

IT Service Provider Zensar Announces Acquisition of Insurtech Cynosure

IT service provider Zensar announced on Wednesday it has entered into a definitive agreement to acquire U.S.-based insurtech Cynosure, which focuses on providing Guidewire platform implementation services to Property and Casualty (P&C) insurance carriers. The company reported: “This acquisition is a critical component of Zensar’s… Read More