Tagged: insurtech

March 1, 2023 @ 7:59 pm By Omar Faridi  |  

Socotra announced the launch of Socotra CorePlus, a line of complete insurance IT solutions composed of Socotra Connected Core, seamlessly integrated via Socotra App MarketPlace with software and data providers, including Mendix, Snapsheet, and Stripe. Socotra CorePlus is designed to decrease risk and costs, while… Read More

February 27, 2023 @ 5:17 pm By Omar Faridi  |  

Law firms face “a ton of challenges,” according to an update from Embroker. Lawyers are focused on “ensuring their clients get the best possible outcome for their cases, requiring their full attention and dedication to justice.” Unfortunately, that isn’t all that lawyers “have to deal… Read More

February 26, 2023 @ 11:39 pm By Omar Faridi  |  

wefox, which claims to be one the world’s leading Insurtechs, has received the Digital Trust Label by The Swiss Digital Initiative, a Geneva based independent foundation for advancing digital trust and transparency globally. This Label recognizes wefox’s commitment “to data protection and information transparency.” The… Read More

February 26, 2023 @ 4:34 pm By Omar Faridi  |  

Lemonade, Inc. (NYSE: LMND) has released its fourth quarter and full year 2022 financial results. Lemonade recently shared its Q4 2022 financial results in the Letter to Shareholders on the company’s official investor relations website. On Thursday, February 23, 2023, Lemonade reportedly hosted to discuss… Read More

February 22, 2023 @ 8:06 am By Omar Faridi  |  

Socotra announces a major drive into the European insurance markets, with an initial focus on the UK, DACH, France, and others, “following strong growth in 2022, including a 71% revenue increase, a 75% growth in customers, and a 117% YoY increase in policies managed on… Read More

February 13, 2023 @ 4:19 pm By Omar Faridi  |  

LegalZoom.com, Inc. (Nasdaq: LZ), the firm focused on online business formation and a key player in legal, compliance and tax solutions, and NEXT Insurance, a digital insurtech company transforming small business insurance, announced a partnership “to better help small business owners create and protect their… Read More

February 12, 2023 @ 6:49 pm By Omar Faridi  |  

Cowbell, the provider of cyber insurance for small and medium-sized enterprises (SMEs), announced a partnership with Millennial Shift Technologies, a custom branded e-trading platform suite. The partnership will deliver Cowbell’s cyber insurance programs, Cowbell Prime 100 and 250, on Millennial Shift’s e-trading broker platform, mFactor…. Read More

February 9, 2023 @ 4:16 pm By Omar Faridi  |  

ThetaRay, a provider of AI-powered transaction monitoring technology, and Piie, Inc., an insurtech providing an intelligent payment engine, announced a collaboration in order “to implement an advanced AML solution for insurance claim payments.” Through the agreement, Piie (Payments Intelligent Integration Engine) will “integrate ThetaRay’s AI-driven… Read More

January 30, 2023 @ 10:40 pm By Omar Faridi  |  

Eazy Digital, a Thai insurtech startup that provides digital platforms for insurance companies, has raised US$850,000 in an oversubscribed seed funding round. The investment round was “led by Wavemaker Partners, with participation from Seedstars International Ventures, Wing Vasiksiri, and Sasin Bangkok Venture Club.” Eazy Digital… Read More

January 22, 2023 @ 11:29 pm By Omar Faridi  |  

wefox, which claims to be one of the world’s leading Insurtechs, has appointed Rene Besenbäck as Head of Sales in Austria, with immediate effect. Rene Besenbäck will be “responsible for delivering sales for wefox Austria and working closely with the Head of Country, Rainer Vogelmann,… Read More

January 15, 2023 @ 11:20 pm By Omar Faridi  |  

Zurich-headquartered startup TONI Digital has secured $12.5 million in a Series B funding round. The company is a digital insurance-as-a-service provider, “offering personal and commercial insurance lines such as motor insurance, payment protection insurance, and life solutions on top of its market-leading insurance technology platform.”… Read More

January 15, 2023 @ 9:34 pm By Omar Faridi  |  

International insurtech, bolttech, and Thailand’s mobile network operator, AIS, have partnered to deliver embedded protection services “including mobile device switch and replacement services to AIS customers for the recently-launched AIS Care+ program.” The AIS Care+ program “allows customers to switch or replace their smartphones and… Read More

January 15, 2023 @ 3:43 pm By Omar Faridi  |  

Cowbell, the provider of cyber insurance for small and medium-sized enterprises (SMEs), has released a new whitepaper, “Modeling Catastrophic Cyber Events”, which lays out a path to model catastrophic cyber events in the SME market. Cowbell’s goal is “to help SMEs prevent and recover from… Read More

January 11, 2023 @ 11:47 pm By Omar Faridi  |  

In Q3 2022, Insurtech companies globally “raised $1.6 billion in VC across 134 deals, representing a 51.1% decrease in QoQ deal value,” according to an update from Pitchbook. This was “the lowest amount of invested capital since Q2 2020 and the lowest deal count since… Read More

January 10, 2023 @ 8:09 am By Omar Faridi  |  

The team at Superscript is pleased to announce the completion of their £45 million ($54m USD) Series B funding round. The investment round was “led by existing investor BHL UK, owner of Comparethemarket, with participation from new investor and Fortune 500 insurer The Hartford.” Other… Read More

January 6, 2023 @ 8:50 am By Omar Faridi  |  

International insurtech bolttech announced the appointment of Dr. Jens Schädler as Chief Executive Officer (CEO), Europe. Based in Switzerland, Jens will “provide strategic leadership across bolttech’s Europe operations, driving new and existing market and partnership growth.” Taking over from Andrew Cons, Jens’ role is “effective… Read More

January 4, 2023 @ 6:55 pm By Omar Faridi  |  

After years of growth, the US Insurtech market faces “a sharp decline in valuations,” according to an update from McKinsey & Company. McKinsey & Company notes that for nearly a decade, Insurtechs have “experienced rapid growth and skyrocketing valuations.” But in 2022, investors’ optimism has… Read More

January 2, 2023 @ 10:23 pm By Omar Faridi  |  

Financial services company Singlife with Aviva has announced “the launch of Singlife Connect, its accelerator program to support and spur the growth of promising insurtech startups.” Singlife Connect will “focus on developing scalable market solutions to innovate and transform insurance distribution.” Singlife will “leverage its… Read More

December 21, 2022 @ 7:59 am By Omar Faridi  |  

When people left big cities during the COVID-19 pandemic, “sweetheart” deals (aka COVID deals) ran the residential rental market, according to an update from Insurtech firm Lemonde (NYSE:LMND). While a lot of renters negotiated some cheap deals, many now “fear they are at risk of… Read More

December 5, 2022 @ 10:21 pm By Omar Faridi  |  

Hi Marley, creators of the only insurance-focused collaboration platform powered by SMS, is pleased to announce its partnership “with Tokio Marine subsidiary, Philadelphia Insurance Companies (PHLY).” Headquartered in Bala Cynwyd, Pennsylvania, and strategically located across the US, PHLY has “delivered superior customer service for more… Read More