Tagged: insurtech

Update: Laka Insurance’s Equity Crowdfunding Campaign Nears £1.6 Million During the Final Days on Seedrs

Laka, a collective-based insurer of cyclists, is set to close its latest equity crowdfunding campaign on Seedrs with nearly £1.6 million raised. The funding round, which has attracted more than 1380 Seedrs investors, quickly surpassed its initial £1 million funding target. As previously reported, Laka has developed… Read More

Brazilian Insurtech Pier Raises $14.5 Million Through Series A Funding Round Led By Monashees

Pier, a Brazil-based full-stack insurtech, announced earlier this week it secured $14.5 million through its Series A funding round, which was led by Monashees with participation from Canary, Mercado Livre, and BTG Pactual. Founded in 2018, Pier states it adopts artificial intelligence to bring a… Read More

German Insurtech Getsafe Teams Up with GoCompare as it Prepares to Firmly Establish Operations in the UK

Germany-based digital insurance firm Getsafe has teamed up with GoCompare as it prepares to firmly establish its presence in the UK markets. Getsafe launched operations in the UK in February 2020 and it’s now planning to make app-based insurance services more accessible to UK residents…. Read More

U.S. Insurtech Hippo Announces New Partnership With Kangaroo Home Security

  U.S. insurtech startup Hippo Insurance has joined forces with Kangaroo Home Security to bring customers flexibility and financial ease with home insurance. According to Hippo, the collaboration expands the suite of smart device kits available within Hippo’s expansive smart home program to include a… Read More

U.S. Insurtech Hippo Insurance Scores $350 Million Capital Investment From Mitsui Sumitomo Insurance Company

  U.S. insurtech startup Hippo Insurance announced on Tuesday it scored $350 million investment and formed a partnership with Mitsui Sumitomo Insurance Company, Limited, a subsidiary of MS&AD Insurance Group Holdings, Inc. According to Hippo, the investment will support the insurtech’s product roll out in… Read More

Texas based Insurtech Bestow Claims its Business has Grown Significantly during COVID, Plans to Hire More Workers

A Texas-based Insurtech firm has been able to grow its operations despite the socio-economic challenges created due to the COVID-19 pandemic. Bestow in Dallas has witnessed increased demand as it offers various life insurance plans through an all-digital service that allows customers to easily sign… Read More

U.S.-Based AI Insurtech Software Flyreel Secures $10 Million During Series A Financing Round LedBy IA Capital Group

Flyreel, a U.S.-based Artificial Intelligence (AI) solution for residential and commercial property insurance, recently announced it secured $10 million through its Series A funding round, which was led by IA Capital Group with participation from Guidewire Software, Gradient Ventures, State Auto Labs, and Donan Engineering…. Read More

U.S. Insurtech Assurely’s Latest Seed Rounds Brings Total Amount Raised to $3.7 Million

  Assurely, a U.S.-based insurtech that provides embedded insurance as a service, recently announced its closed its seed round, which was led by ATX Ventures. The company reported that the investment round brought its total funding to just more than $3.7 million. Founded in 2016,… Read More

U.S. Insurtech Exchange bolt Hits $4 Billion in Active Insurance Premium Milestone

bolt, a U.S.-based insurtech exchange, recently announced it has reached an all-time high of more than $4 billion in active insurance premiums on its platform. The company noted that the premiums get by more than a third since May 2020. Founded in 2000, bolt enables… Read More

U.S. Insurtech TrustLayer Joins MarshBerry’s Connect Platform

U.S.-based insurtech TrustLayer recently announced it has been named strategic partner for MarshBerry’s connect platform. According to TrustLayer, the connect platform is a new category of independent distribution that helps insurance firms leverage scope, scale, and resources to maximize growth through business intelligence, resource optimization, and… Read More

Overfunding: Laka Insurance Quickly Surpasses £1 Million Funding Target Through Latest Seedrs Campaign

Laka, a collective-based insurer of cyclists, quickly secured its initial £1 million funding target through its equity crowdfunding campaign on Seedrs.  As previously reported, Laka has developed an insurance model in which customers only pay for the true cost of cover. At the end of each month,… Read More

Insurance Marketplace Solution DealerPolicy Now Offering Car Buyers Auto Insurance Within Digital Retailing

DealerPolicy, a U.S.-based insurance marketplace solution for dealers, announced on Wednesday it has teamed up with auto retail design and CRM tool provider FRIKINtech to provide car buyers auto insurance within digital retailing. Founded in 2015, DealerPolicy claims to be the most trusted and complete… Read More

Pie Insurance Debuts Partner API on Insurtech Platform

U.S.-based insurtech startup Pie Insurance announced on Tuesday it has launched its API for partners. Pie reported by using the program partners who serve small businesses may get a quote without leaving their platform or website. They may also customize their integration as well a connect… Read More

Insurtech Bestow Launches Protect API to Enable Companies to Directly Offer Life Insurance Coverage Within Apps Or Websites

Photo courtest velkr0 on Flickr: http://www.flickr.com/photos/velkr0/

Bestow, an Insurtech that delivers algo powered life insurance underwriting, announced on Monday it is expanding access to its entirely digital term life insurance experience. The company unveiled its new product, Protect API, which enables companies to directly offer life insurance coverage within their apps… Read More

Sapiens Unveils Plug ’n Play P&C/General Insurance Solution “IDIT GO”

Sapiens International Corporation, (NASDAQ: SPNS) and (TASE: SPNS), a global provider of software solutions for the insurance industry, announced on Tuesday the launch of IDIT Go, which is described as a pre-configured, cloud-native solution that streamlines implementation and operations, enabling general (non-life) insurers to rapidly launch… Read More

BrokerTech Ventures Accelerator Opens for 2021 Cohort Applications

BrokerTech Ventures, a broker-led convening platform and accelerator focused on delivering “innovation” to the insurance broker industry, recently announced it has opened the application window for its 2021 BrokerTech Ventures Accelerator program. According to BrokerTech,  the concept of the BrokerTech Ventures Accelerator is to be… Read More

UK Bicycle Insurtech Laka Announces Equity Crowdfunding Campaign on Seedrs

Laka, a collective-based insurer of cyclists,  recently announced plans to launch its equity crowdfunding through UK-based Seedrs. The upcoming funding round comes less than a year after Laka raised  €4.2 million, which was led by venture capital companies LocalGlobe and Creandum. As previously reported, Laka… Read More

Business Insurtech Coterie Announces Partnership Intuit Quickbooks

Coterie, a U.S.-based commercial insurtech, recently announced it has formed a new partnership with Intuit QuickBooks to deliver business insurance to QuickBooks customers through the QuickBooks Online small business platform. This news comes right now after Intuit Quickbook announced its collaboration with Next Insurance. Coterie… Read More

Pie Insurance Announces Expansion of Service to Florida & Wisconsin

  U.S.-based insurtech startup Pie Insurance announced on Tuesday it has expanded its service to both Florida and Wisconsin.  The expansion comes just days after Pie announced it has exceeded $100 million in cumulative written premium and surpassed $100 million in annualized run rate premium. As previously reported, Pie describes… Read More

U.S. Insurtech SageSure Unveils New Line of Small Commercial Insurance Products Specifically for Coastal Businesses

SageSure, a U.S.-based homeowner insurtech, recently announced the launch of its new line of commercial insurance products specifically for coastal businesses. Founded in 2005, SageSure describes itself as an innovation-focused insurance and technology company specializing in underserved property markets. “As the leading homeowners insurtech organization… Read More

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