Tagged: insurtech

November 29, 2022 @ 8:15 am By Omar Faridi  |  

Regional Insurtech Igloo announced that it has successfully “raised an additional $27 million in its Series B extension, bringing a close to its Series B funding round at $46 million.” The initial Series B capital raise of $19M in March this year was “led by… Read More

November 9, 2022 @ 9:17 am By Omar Faridi  |  

Pie Insurance, an Insurtech company specializing in workers’ comp insurance for small businesses, recently appointed three strategic leadership team hires: Rick Poulin, vice president of underwriting Joshua Brost, vice president of marketing Sam Elizondo, vice president of claims operations. These “pie-oneers” join Pie after “a… Read More

November 7, 2022 @ 11:47 pm By Omar Faridi  |  

International insurtech bolttech recetnly announced the expansion of its existing partnership with WINDTRE with the launch of “a new ‘Reload exChange’ trade-in program in Italy.” With this new product, WINDTRE customers can now “trade-in their used phones in-store and receive cash payments directly to their… Read More

October 18, 2022 @ 6:45 pm By Omar Faridi  |  

bolttech, which claims to be one of the world’s “fastest-growing” international insurtech companies, announced Tokio Marine, alongside other shareholders, will “lead bolttech’s Series B funding round.” The investment round reportedly “values bolttech, Singapore’s only homegrown insurtech unicorn, at an up-round valuation of approximately US$1.5 billion,… Read More

October 17, 2022 @ 9:47 pm By Omar Faridi  |  

Regional Insurtech Igloo, in partnership with e-commerce giant Shopee, introduced Home Content Insurance in Vietnam, the “first” comprehensive protection solution “for indoor assets, against unexpected events such as natural disasters and fire in the platform.” The Home Content Insurance is “underwritten by Bao Viet Insurance,… Read More

October 7, 2022 @ 1:13 pm By Omar Faridi  |  

bolttech, the Singapore-based international insurtech, announced it has completed the acquisition of a majority shareholding in PT Axle Asia, “an established insurance broker in Indonesia.” Axle Asia will “become a subsidiary of bolttech and be subsequently rebranded.” The addition of Axle Asia will “accelerate the… Read More

September 30, 2022 @ 4:57 pm By Omar Faridi  |  

CoverTree, an Insurtech MGA based in Michigan, partnered with Socotra, the core platform provider of choice for innovative insurers, “to launch easy and affordable insurance for owners, renters, and landlords of manufactured homes.” With Socotra, CoverTree can now “automate 92% of its applications with straight-through… Read More

September 20, 2022 @ 11:15 pm By Omar Faridi  |  

CoverTree, one of the first ever digital insurance solution for residents of manufactured homes, announced the launch of insurance coverage in Arizona, Indiana, Michigan, New Mexico, Ohio, Illinois, and Tennessee “after raising a total of $10 million in venture funding.” The $10 million seed round… Read More

September 19, 2022 @ 9:05 pm By Omar Faridi  |  

One Inc, the digital payments network for the insurance industry, announced that Florida-based property insurer Tower Hill Insurance Group has selected One Inc’s outbound payment solution, ClaimsPay, “to streamline and improve digital payments processing for its customers.” The implementation of ClaimsPay will “enhance the outbound… Read More

September 5, 2022 @ 8:39 am By Omar Faridi  |  

Amazon Web Services (AWS), an Amazon.com company, announced international insurtech bolttech has built a new customer support platform on AWS “to enhance services for more than eight million customers in 30 markets globally.” Singapore-based bolttech “connects insurers, distributors, and customers to make it easier to… Read More

September 4, 2022 @ 11:35 am By Omar Faridi  |  

Insurtech Fairmatic “destealths” a unique offering that pioneers an unconventional approach to fleet insurance — “focused on enabling savings for safer fleets and improving road safety for all.” Fairmatic is led by a team “including former Allstate President Jamie Trish, as its President of Insurance,… Read More

August 22, 2022 @ 10:07 pm By Omar Faridi  |  

Pie Insurance, an Insurtech company specializing in workers’ comp insurance for small businesses, recently appointed two executives to its leadership team. Ekta Aggarwal joins the company “as chief product officer” and Erin Mesick joins “as vice president of finance.” Both Aggarwal and Mesick will “leverage… Read More

August 22, 2022 @ 9:12 pm By Omar Faridi  |  

Cowbell Cyber, a provider of cyber insurance for small and medium-sized enterprises, recently announced the addition of Julia Cederroth as senior director of reinsurance. This new position “empowers policyholders by helping to build cyber resiliency and close insurability gaps as part of Cowbell’s reinsurance solutions.”… Read More

August 22, 2022 @ 9:22 am By Omar Faridi  |  

The Association of Insurance Compliance Professionals welcomes Stacy Koron, Ethos’ Head of Compliance, and Machael Heise, Insurance Product Manager, to their leadership team. At Ethos, they are “constantly looking for ways to raise the ‘status quo’ and lead the industry on what life insurance for… Read More

August 18, 2022 @ 3:38 pm By JD Alois  |  

While so much of Fintech boomed during the height of the COVID health crisis due to lockdowns, social distancing, and a rise in shopping online, Insurtech is one area of Fintech that fortunes sagged, at least according to GlobalData’s numbers. According to their research, in… Read More

August 16, 2022 @ 9:37 am By Omar Faridi  |  

Socotra, the modern core platform provider for innovative insurers, recently announced that twelve established insurance technology providers have joined Socotra App MarketPlace “to publish modern software apps connected to Socotra policy core, making the platform the fastest way for insurers to bring new products and… Read More

August 7, 2022 @ 11:46 pm By Omar Faridi  |  

Jarowa, a Swiss digital marketplace and transaction platform for insurance firms, property managers, and leasing businesses that helps manage their trusted service providers and digital orders, has finalized a Series A round. The firm’s investment round has been led by Eos Venture Partners, a venture… Read More

August 7, 2022 @ 6:03 pm By Omar Faridi  |  

Socotra, which claims to be the modern Core platform provider for innovative insurers and insurtech MGAs, recently announced positive momentum for the first half of 2022 with 97% revenue growth, 63% team expansion, a new funding round, and an acquisition. Dan Woods, Founder and CEO… Read More

August 2, 2022 @ 1:45 pm By Omar Faridi  |  

Nairobi-based Insurtech firm Lami Technologies has finalized a $3.7 million seed extension in order to expand business operations across Africa. The firm’s management noted that the investment round was led by early-stage VC company Harlem Capital along with contributions from Newtown Partners; Peter Bruce-Clark, a… Read More

July 29, 2022 @ 8:55 am By Omar Faridi  |  

Insurtech Isle of Man and F10 are pleased to announce “a joint Acceleration Program for growth-stage Insurtech startups.” The Isle of Man is “a globally recognized insurance center, with insurance representing the biggest financial services sector on the Island, encompassing a wealth of knowledge and… Read More