Tagged: insurtech

July 17, 2023 @ 4:46 pm By Omar Faridi  |  

Slide Insurance, the full-stack insurtech focused on providing affordable, effective homeowners coverage, announced it has finalized pricing for its latest catastrophe (cat) bond, closing the $100 million Purple Re Ltd. (Series 2023-2). This is the second cat bond sponsored by Slide this year, “following the… Read More

July 16, 2023 @ 11:52 am By Omar Faridi  |  

Socotra, the modern core platform provider for innovative insurers, announced that Steadily, America’s landlord insurance solution, has adopted the Socotra Connected Core policy administration system. The collaboration has allowed Steadily to enhance its systems and deliver an exceptional user experience to its customers. One of… Read More

July 15, 2023 @ 6:53 pm By Omar Faridi  |  

Kin, the direct-to-consumer home insurance company built for every new normal, today announced its expansion into Arizona. The Grand Canyon State marks Kin’s first move “into the U.S. Southwest, and it builds upon Kin’s growth and success in coastal, catastrophe-prone states like Florida, Louisiana, South… Read More

July 15, 2023 @ 10:43 am By Omar Faridi  |  

NEXT Insurance, a digital Insurtech transforming small business insurance, announced its integration with Ivans Download for General Liability and Workers’ Compensation policies. This feature reportedly “offers a seamless exchange of policy data between NEXT and its appointed agents, furthering the company’s commitment to facilitating an… Read More

July 9, 2023 @ 7:17 am By Omar Faridi  |  

Qover, an insurtech specialising in embedded insurance orchestration, has successfully closed a $30 million Series C up-round funding. The investment will fuel “the company’s growth trajectory, empower it to continue orchestrating innovative solutions, launch even more successful partnerships and propel it closer to achieving profitability… Read More

July 8, 2023 @ 9:02 am By Omar Faridi  |  

Singlife recently signed a Memorandum of Understanding with Microsoft (NASDAQ: MSFT) to support high-growth insurance startups to adopt generative artificial intelligence (AI). Singlife is the first financial services partner “to collaborate with Microsoft for the Startups Programme in ASEAN for budding insurtech startups to scale… Read More

July 6, 2023 @ 4:44 pm By Omar Faridi  |  

wefox, which claims to be one of the world’s leading insurtechs, and GATE (Green & Advanced Transport Ecosystem), have formed a new partnership that uses digital solutions and a pay-per-use formula for the long-term rental of electric commercial vehicles, founded by Iveco Group. The multi-year… Read More

July 3, 2023 @ 3:11 pm By Omar Faridi  |  

From 3rd July 2023, Monzo Premium’s worldwide family travel insurance will be provided by Zurich, powered by Qover. Most of the things covered by the insurance will “stay the same.” As will the excess amount and the price of Monzo Premium, the team at Monzo… Read More

July 1, 2023 @ 6:13 am By Omar Faridi  |  

Lemonade (NYSE: LMND), the digital insurance company powered by AI and social impact, announced it has partnered with General Catalyst (GC), a venture firm and an early investor in Lemonade, in order “to create Synthetic Agents, a novel financial structure that unlocks growth without depleting… Read More

June 30, 2023 @ 7:54 am By Omar Faridi  |  

Qover, the Insurtech that is transforming the insurance industry with its orchestration technology, has announced a second partnership with Revolut, the global financial super app with more than 30 million retail customers worldwide, “to provide embedded insurance for its new trip and event cancellation cover.”… Read More

June 27, 2023 @ 6:18 pm By Omar Faridi  |  

Kin, the direct-to-consumer home insurance company built for every new normal®, earlier this month announced its expansion into Alabama. Building upon Kin’s success in Florida and other coastal states, where it insures nearly $45 billion in assets, Kin is continuing its mission “to deliver affordable… Read More

June 26, 2023 @ 6:06 pm By Omar Faridi  |  

wefox, which claims to be the world’s leading Insurtech, has made three new appointments to its Extended Executive Committee. Dr Ronny Fischer is appointed as SVP Strategy, Fabienne Doerig is appointed as SVP Operations and Dr Marc Olivier Morant joins the ExCo in his existing… Read More

June 25, 2023 @ 4:59 pm By Omar Faridi  |  

Hi Marley, creators of the only digital collaboration platform built for the P&C insurance industry, introduced Collaboration Hub, a suite of tools designed “to make communication and collaboration between policyholders, carriers and the rest of the insurance ecosystem frictionless.” The Collaboration Hub, “part of Hi… Read More

June 23, 2023 @ 9:37 am By Omar Faridi  |  

Lemonade (NYSE: LMND), the digital insurance company powered by AI and social impact, announced that its reinsurance program has been “renewed in good time and on good terms.” The Lemonade program is “led by the same tier-one carriers as the expiring and was oversubscribed on… Read More

June 22, 2023 @ 9:13 am By Omar Faridi  |  

International insurtech bolttech announced its partnership with one of Taiwan’s telecommunications providers, Taiwan Mobile, in order “to offer a range of personal insurance options for customers on the Taiwan Mobile app.” Powered by bolttech’s insurance exchange platform, “the first phase of the partnership will see… Read More

June 12, 2023 @ 6:26 pm By Omar Faridi  |  

Snapsheet, which claims to be the “pioneer” of virtual appraisals and an emerging leader in cloud-based claims management software, announced that specialty property and casualty insurance carrier  IAT Insurance Group selected Snapsheet Claims software “to deliver the modern claims experience to its customers.” As noted… Read More

June 11, 2023 @ 6:35 pm By Omar Faridi  |  

NEXT Insurance, a digital insurtech transforming small business insurance, recently announced its expanded partnership with Gusto Embedded. The strengthened partnership “will exclusively offer NEXT’s pay-as-you-go workers’ compensation to the small business customers of Gusto Embedded partners through NEXT’s fully embedded insurance solution, NEXT Connect.” Users… Read More

June 9, 2023 @ 8:55 am By Omar Faridi  |  

Insify, the end-to-end digital insurance platform designed for Europe’s entrepreneurs and SMEs, announced that it has raised €15 million in Series A financing. Global venture firm Accel “led the investment round and was joined by Visionaries Club as well as existing investors Frontline Ventures and… Read More

June 4, 2023 @ 6:54 pm By Omar Faridi  |  

Socotra, the “next-generation” core platform provider for modern insurers, together with Ledgebrook, an InsurTech MGA focused on the excess and surplus (E&S) market,  announced the launch of Ledgebrook’s new platform, powered by Socotra Connected Core. The end-to-end platform empowers Ledgebrook “to redefine speed and service… Read More

June 4, 2023 @ 5:28 pm By Omar Faridi  |  

Cowbell, a provider of cyber insurance for small and medium-sized enterprises (SMEs), and Skyward Specialty Insurance Group Inc. (NASDAQ: SKWD) , a firm focused on the specialty property and casualty market, announced a partnership agreement that “expands Cowbell’s coverage and capacity of its Prime 250… Read More