Tagged: insurtech

U.S. Insurtech Plank Secures $16 Million Through Series B Funding Round

Planck, a U.S.-based AI data platform for commercial insurance, announced on Wednesday it raised $16 million through its Series B Funding Round. With its $12 million Series A, the company has raised a total of $28 million. Founded in 2016, Planck claims to be the… Read More

Policygenius Forms New Partnership With Brighthouse Financial to Offer Exclusive Accelerated Underwriting Life Insurance Product

Policygenius, a U.S.-based online insurance marketplace, announced on Tuesday it has formed a partnership with annuity and life insurance provider Brighthouse Financial to offer an exclusive accelerated underwriting life insurance product, Brighthouse SimplySelect. According to Policygenius, the insurance product features an accelerated purchase process that… Read More

Chilean Insurtech Jooycar Raises $700,000 Through HCS Capital For U.S. Expansion Plans

Jooycar, a Chilean insurtech that is seeking to disrupt the auto insurance and telematics space in Latin America, has reportedly secured $700,000 through HCS Capital as it plans to continue expansion to the U.S. efforts. The company announced its U.S. expansion plans back in December… Read More

U.S. Insurtech Hippo Set to Acquire Spinnaker Insurance

Insurtech startup Hippo Insurance announced on Wednesday it is set to acquire Spinnaker Insurance Company, a national property and casualty insurer. Hippo reported it has partnered with Spinnaker as its largest carrier platform since 2017, with Spinnaker-backed Hippo products currently available to consumers in nearly… Read More

Pie Insurance Secures $127 Million Through Latest Investment Round

Insurtech startup Pie Insurance announced on Thursday it secured $127 million through its latest investment round. The companies that participated in the funding round are Gallatin Point Capital, Greycroft, SVB Capital, Aspect Ventures, Elefund, and Sirius International Insurance Group, Ltd. As previously reported, Pie describes… Read More

Insurtech Trov Partners With P&C Insurer Seguros Sura Brazil to Bring On-Demand Insurance to Brazil

Trov, a U.S.-based insurtech company, announced earlier this week it has formed a new partnership with Seguros Sura Brazil, a Latin American P&C insurer, to bring on-demand insurance to Brazil.  Trov stated it has been working with Seguros Sura Brazil for the past several months… Read More

Cyber Insurance & Security Company Coalition Secures $90 Million Through Series C Funding Round Led by Valor Equity Partners

Coalition, the leading cyber insurance and security company, announced on Wednesday it has raised $90 million through its Series C funding round, which was led by Valor Equity Partners with participation from Felicis Ventures, Greyhound Capital, and Coalition’s existing investors. Founded in 2017, Coalition states… Read More

U.S. Insurtech Haven Life Rolls Out 100% No Medical Exam Product & API Solution to Expand Partnership Efforts

U.S. insurtech Haven Life announced on Tuesday it is rolling out a new 100% no medical exam product that can be sold directly through partners. Haven Life reported that banks, advisors, insurance brokers, etc. may now offer the product, Haven Term Simplified, to clients who… Read More

UK Insurtech Zego Expands Partnership With RSA to Launch Flexible Insurance For Fleets of Vans

Zego, a UK-based insurtech, announced on Thursday it has expanded its partnership with insurer RSA to provide flexible insurance for van fleets. The company reported that with the partnership it is able to offer usage-based policies to delivery, courier, and trade van fleets for 20-200… Read More

Insurtech Next – Tel Aviv RESCHEDULED

Insturtech Next has been rescheduled to July 21, 2020. The Next Step Disruption Technology In The Insurtech Industry The Insurtech revolution is booming in recent years. Only in 2018, three new Israeli unicorns have arisen the insurance industry. The digital transformation alongside the cultural changes… Read More

German Insurtech Getsafe Reportedly Delays Expansion Into Other European Markets Due to COVID-19 Pandemic

Getsafe, a Germany-based insurtech startup, is reportedly delaying expansion into other European markets due to the COVID-19 pandemic. This news comes just a few months after Getsafe announced its expansion into the UK. As previously reported, Getsafe claims it is looking to reinvent insurtech and is… Read More

U.S. Insurtech Branch Announces Launch in Texas

  Branch, a U.S.-based insurtech startup, announced on Monday it has launched in Texas. The launch notably marks the company’s fifth expansion since launching in August 2019. As previously reported, Branch “taps” into the power of community to make insurance accessible and affordable for everyone,… Read More

Indonesian Insurtech QOALA Secures $13.5 Million Through Series A Funding Round Led By Centauri Fund

QOALA, an Indonesia-based insurtech, announced earlier this week it secured $13.5 million through its Series A funding round, which was led by Centauri Fund with participation from  MDI Ventures, Sequoia India, Flourish Ventures, Mirae Asset Daewoo’s Mirae Asset Venture Capital and PT Mirae Asset Sekuritas Indonesia. Founded in… Read More

Hong Kong Insurtech OneDegree Launches Medical Pet Insurance Service

OneDegree, a Hong Kong-based insurtech, recently announced its medical pet insurance. This launch comes just after the company received its virtual insurance license. Founded in 2016, OneDegree claims to be it is part of a new generation of insurers that are reimagining the industry with… Read More

Covered By SAGE Secures $6 Million Through Seed Funding Round Led By NFX

Covered by SAGE, a modern, tech-enabled Property and Casualty (P&C) insurance brokerage, announced this week it secured $6 million through its latest seed funding round, which was led by NFX with participation from Tectonic Capital and Treasury, the fintech platform launched by Acorns and Betterment Co-Founders…. Read More

Fintech & Insurtech Novae Teams Up With LifeMiles To Introduce Travel Protection Program “Miles Care”

Novae, a U.S.-based fintech and insurtech firm, has formed a new partnership with Latin American airline loyalty program LifeMiles to launch a new travel protection program called Miles Care. According to the duo, the program will enable travelers’ protection for trip cancellation and interruption, delayed… Read More

Digital Health Insurance Provide Alan Secures €50 Million Through Series C Investment Round

Alan, a France-based independent digital health insurance platform, announced on Monday it secured €50 million through its Series C investment round, which was led by Temasek, a global investment company headquartered in Singapore, with participation from Index Ventures. The funding brings Alan’s total amount raised… Read More

U.S. Insurtech Branch to Give Back 15% of Monthly Insurance Auto Premiums to Policyholders in Response of the COVID-19 Crisis

Branch, a U.S.-based insurtech startup, announced on Monday it is set to give back 15% of monthly insurance premiums to its auto policyholders in response to the COVID-19 pandemic. According to Branch, the compassionate initiative recognizes clients’ reduced driving due to shelter in place orders… Read More

U.S. Insurtech Kin Insurance Announces New Partnership With Cape Analytics

U.S. insurtech startup Kin Insurance announced earlier this week it has expanded its partnership with property data platform Cape Analytics to improve its online insurance experience with predictive property insights. Through the partnership, Cape Analytics is reportedly providing Kin with the most comprehensive, timely, and… Read More

Following Crowdcube Success UK Insurtech Honcho Secures £1.2 Million Through Latest Investment Round

Following the closing of its equity crowdfunding campaign on Crowdcube, which raised £893,620 in total funding, UK insurtech Honcho announced it raised an additional £1.2 million through its recent investment round. The company reported that between 2018 and 2019 honcho raised £1.8m from a combination… Read More

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