Tagged: insurtech

Insurtech CoverForce, the API Delivering Instant Quote and One-Click Bind from Insurance Carriers, Partners with NowCerts

CoverForce, the “independent “API delivering instant quote and one-click bind from the leading insurance carriers, announced a partnership with agency management system, NowCerts. Through this partnership, NowCerts has “launched an instant commercial lines quote and bind platform enabled by leveraging CoverForce’s API infrastructure.” Cyrus Karai,… Read More

Insurtech: Reinsurance Firms Will Start Offering Meaningful Cyber Capacity in 2024, According to CyberCube, a Cyber-Risk Analytics Firm

Traditional reinsurance companies will start offering meaningful cyber capacity in 2024 as cyber insurance is “one of the fastest growing lines of insurance to emerge in a generation,” according to the CEO of cyber risk analytics specialist, CyberCube. In a series of predictions from CyberCube… Read More

Insurtech: Sumitomo Life to Acquire Singapore Digital Insurer Singlife

Sumitomo Life Insurance Company (Sumitomo Life) has agreed to acquire all shares of Singapore digital insurer Singlife held by TPG, which currently owns about 35% of the insurtech firm. Furthering its investment, Sumitomo Life plans to extend offers to purchase shares from the remaining shareholders… Read More

Lydia, Insurtech Qover to Enhance Insurance Experience for European Clients

Lydia, a mobile banking application, has partnered with insurtech Qover to introduce a seamless travel insurance experience. This offering is exclusively available “to Lydia’s premium cardholders, known as Black+ users, in Belgium, France, Portugal and Spain.” Qover’s embedded insurance orchestration platform is at the heart… Read More

Insurtech: CyberCube, the Insurance Industry’s Cyber Analytics Provider, Introduces Latest SaaS Solution for Underwriters

CyberCube, the insurance industry’s cyber analytics company, has launched Version 5.0 (v5) of Account Manager, the software-as-a-service (SaaS) solution designed explicitly for underwriters. Account Manager v5 reportedly “extends the capabilities of Portfolio Manager, CyberCube’s portfolio modeling product.” For clients that license both solutions, this gives… Read More

Insurtech: The Green Insurer, a Car Insurance Provider, Introduces Product that Incentivizes Clients Driving Responsibly

The Green Insurer, a car insurance provider committed to reducing drivers’ impact on the environment, launched a new car insurance product “that rewards customers for driving responsibly.” The Green Insurer calculates “a driver’s carbon footprint by analysing driving data and fusing it with information about… Read More

European Insurtech Prima Seguros Shares Business Expansion Plans for 2024

Prima Seguros, an Insurtech that acts as an insurance agency specialized in the automotive sector, aims to “reach 100,000 active clients in 2024, more than doubling its premiums to 20 million euros.” This update comes after a successful first year of operations in the country,… Read More

Insurtech Sector Investments Increased in Deal Value But Flat in Terms of Deal Count – Report

In Q3 2023, $1.7 billion was invested across 115 deals, “representing an increase of 53.0% in deal value but roughly flat in terms of deal count, QoQ,” according to the latest Insurtech industry report from Pitchbook. The deal value was “the highest amount over the… Read More

Insurtech Cowbell, a Provider of Cyber Insurance for SMEs, Teams Up with Microsoft and Ingram Micro

Cowbell, a provider of cyber insurance for small- and medium-sized enterprises (SMEs), today announced a collaboration with Microsoft and Ingram Micro Inc. Through this collaboration, Cowbell policyholders “gain access to complimentary Microsoft Exchange migrations to Microsoft 365 Business Premium, empowering SMEs to harness the full… Read More

Insurtech: hyperexponential and Akur8 to Integrate Pricing Decision Intelligence Capabilities to Enhance Insurance Services

hyperexponential and Akur8 announce a new partnership that will integrate their complementary pricing decision intelligence capabilities to offer insurers an automated, data-driven system for accurately pricing commercial and specialty insurance products. The partnership enables insurers to “integrate rating factors calibrated in Akur8 into pricing models… Read More

Insurtech bolttech and LOTTE HIMART to Offer Home Appliance Switching Service in South Korea

LOTTE HIMART, one of the largest electronic goods retailers in South Korea, has partnered with international insurtech bolttech in order “to launch the country’s first-ever home appliance switching service.” Powered by bolttech’s embedded insurance technology, the service will “enable LOTTE HIMART customers to easily replace… Read More

Digital Insurance Firm Lemonade Appoints Deb Schwartz, Dr. Samer Haj-Yehia to Board of Directors

Lemonade (NYSE: LMND), the digital insurance company powered by AI and social impact, announced it has named two new members to its Board of Directors, Deb Schwartz and Dr. Samer Haj-Yehia, “effective immediately.” The newly named Directors will “succeed departing Directors Irina Novoselsky and Silvija… Read More

Germany’s Insurtech wefox Appoints Paul Onnen as Chief Technology Officer

wefox, the European insurtech, has appointed Paul Onnen as Chief Technology Officer, with immediate effect. Mr. Onnen takes over the role from Sergi Banos who “was promoted to Chief Platform Officer (CPO) as the company accelerates its plans to launch the platform that will connect… Read More

Insurtech Kin, the Home Insurance Firm, Releases Operating Results through Q3 2023

Kin, the direct-to-consumer home insurance company built for every new normal, announced operating results through the third quarter “ended September 30, 2023.” Kin finished the third quarter of 2023 “with $77.8 million in gross written premium and $24.2 million in total revenue.” Kin’s operating income… Read More

Insurtech Acquisition: Travelers to Acquire Corvus Insurance

The Travelers Companies, Inc. (NYSE: TRV) announced that it has agreed to acquire Corvus Insurance Holdings, Inc. for approximately $435 million. Founded in 2017, Corvus is an industry-leading cyber insurance managing general underwriter, “powered by proprietary technology.” Alan Schnitzer, Chairman and Chief Executive Officer of… Read More

Insurtech bolttech Teams Up with Salt in Switzerland and Monaco Telecom

International insurtech bolttech announced a preferred partnership with French entrepreneur Xavier Niel’s NJJ telecom Group (NJJ) in order “to provide device insurance for European mobile operators under its portfolio.” Both Salt and Monaco Telecom are dedicated “to providing their customers with sustainable and safe device… Read More

Insurtech Firm Coterie Insurance, Five Sigma to Create Long-term Value for Small Businesses

Coterie Insurance, the partnership-focused insurtech MGA simplifying small business insurance, announced a new partnership with Five Sigma, a claims management platform designed to streamline claims handling. The two companies are committed to “delivering innovation to simplify the insurance process across the value chain.” Morgan Smith,… Read More

Insurtech Layr Secures $10M to Address SMB Insurance Tech Gap for Brokers

Layr, an insurance tech company, closed a $10 million round of financing led by Cota Capital. The K Fund, HSCM Ventures, Sandbox Industries, and Flyover Capitalalso participated in the round. The company will use the funds from the investment round “to expand go-to-market operations and… Read More

Insurance Core Tech Provider Socotra Reports Steady YTD Business Growth

Insurance core technology provider Socotra announced today that it is stepping into its role as a title sponsor of InsureTech Connect 2023 in Las Vegas “on the heels of growth of its operations.” The producer of intelligent solutions for the P&C, general, and life insurance… Read More

Berlin’s Insurtech wefox Launches New Initiative to Support Digital Insurance Services

wefox, the Berlin-based insurtech, is launching a new brand claim: “wefox Empowering Insurance”. The new brand claim defines the company’s unique position “as more than just an insurance company.” It paves the way for wefox to also “provide a wide range of tech-enabled insurance solutions.”… Read More

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