Tagged: insurtech

January 4, 2021 @ 11:22 pm By Omar Faridi  |  

Andrew King, Head of Synechron, a digital transformation consulting firm for financial services, notes that the exponential growth in digital transactions and data, along with regulatory developments, is changing the way companies are conducting business. King pointed out in an Op-Ed published by Insurance Business… Read More

December 31, 2020 @ 4:13 pm By Samantha Hurst  |  

  European insurtech provider TONI Digital recently announced it has teamed up with cloud-native insurance core platform Socotra to launch its new insurance-as-a-service technology platform for the white-label insurance market. According to TONI Digital, the solution enables large corporations to quickly enter the insurance market,… Read More

December 26, 2020 @ 6:40 pm By Omar Faridi  |  

Insurtech.Rocks, a management and digital consulting firm focused on Switzerland’s insurance sector, has published its Swiss Insurtech Map for 2020. It features 20 insurance technology startups. Here are the 20 Insurtechs to look out for as we head into 2021: Insurtech firm Anivo offers insurance… Read More

December 24, 2020 @ 7:55 pm By Omar Faridi  |  

Hong Kong based ZA Tech, a technology venture launched by insurance firm ZhongAn Online and supported by the Softbank Vision Fund, has revealed that it teamed up with the holding company of digital wallet OVO. Through the partnership, both organizations will offer insurance providers in… Read More

December 22, 2020 @ 1:18 pm By Samantha Hurst  |  

  NextCar Holding Company Inc. (NXCR), a fintech and insurtech vehicle subscription platform, announced on Tuesday it has signed a letter of intent to form a partnership and receive a $400 million debt facility from Westlake Financial. NXCR reported that the $400 million debt facility… Read More

December 21, 2020 @ 1:47 pm By Samantha Hurst  |  

  battleface, a UK-based insurtech that specializes in travel insurance, recently announced it secured $12 million through its Series A funding round, which was led by Drive Capital.  Founded in 2017, battleface offers travel insurance that covers emergency medical treatment, evacuation, and accidents. “Our core… Read More

December 21, 2020 @ 1:35 pm By Samantha Hurst  |  

  Zego, a UK-based insurtech, recently announced it has received a European broking license as part of its plans to expand throughout Europe. The company revealed that the license, which was award but the Dutch regulator AFM, will enable it to work with EU-based insurance… Read More

December 16, 2020 @ 9:26 am By Samantha Hurst  |  

  Bestow, a U.S.-based insurtech that delivers algo powered life insurance underwriting, announced on Wednesday it raised $70 million through its Series C funding round from new and existing investors, including Breyer Capital, Valar Ventures, New Enterprise Associates, Core Innovation Ventures, Morpheus Ventures, and Sammons… Read More

December 13, 2020 @ 11:33 pm By Omar Faridi  |  

Switzerland-headquartered F10 Fintech Incubator and Accelerator has reportedly added several different insurance APIs from Baloise, a Swiss insurance holding firm. The APIs are now a part of the F10 Fintech Sandbox. This development aims to support Open Insurance services in the European country. Last year,… Read More

December 13, 2020 @ 6:46 pm By Omar Faridi  |  

Simon Torrance, Advisor to Boards and Leadership teams on business model transformation, platform strategy, and digital ventures, claims that embedded insurance is a $3 trillion market opportunity, which may help “close the protection gap.” Torrance, a Senior Advisor at Rainmaking, explains that embedded insurance is… Read More

December 10, 2020 @ 8:45 am By Samantha Hurst  |  

    Next Insurance, an insurtech seeking to transform small business insurance, announced on Thursday it has acquired Juniper Labs, a provider of alternative open data and underwriting technology focused on small businesses. Next Insurance reported that it and Juniper Labs will continue to develop… Read More

December 8, 2020 @ 12:32 pm By Samantha Hurst  |  

  At-Bay, a U.S.-based insurtech startup, announced on Tuesday it secured $34 million through its Series C funding round, which was led by Qumra Capital with participation from Microsoft’s venture fund M12. The company notably raised a total of $74 million in 2020 alone, having… Read More

December 7, 2020 @ 8:31 am By Samantha Hurst  |  

Luko, a France-based insurtech, announced on Monday it secured $60 million through its Series B investment round, which was led by EQT Ventures with participation Accel, Founders Fund, Speedinvest, and Orange Ventures. Launched in 2018, Luko claims it has reinvented home insurance with social responsibility… Read More

December 7, 2020 @ 7:29 am By Omar Faridi  |  

  The steady growth of the global Fintech economy and Israel’s role as a key player in this nascent sector has become more prominent during the past few years. Israel’s Fintech industry is evolving into a leading hub for companies throughout the world. Fintech covers… Read More

December 2, 2020 @ 2:43 pm By Samantha Hurst  |  

Laka, a collective-based insurer of cyclists, is set to close its latest equity crowdfunding campaign on Seedrs with nearly £1.6 million raised. The funding round, which has attracted more than 1380 Seedrs investors, quickly surpassed its initial £1 million funding target. As previously reported, Laka has developed… Read More

November 27, 2020 @ 6:49 pm By Samantha Hurst  |  

Pier, a Brazil-based full-stack insurtech, announced earlier this week it secured $14.5 million through its Series A funding round, which was led by Monashees with participation from Canary, Mercado Livre, and BTG Pactual. Founded in 2018, Pier states it adopts artificial intelligence to bring a… Read More

November 27, 2020 @ 6:59 am By Omar Faridi  |  

Germany-based digital insurance firm Getsafe has teamed up with GoCompare as it prepares to firmly establish its presence in the UK markets. Getsafe launched operations in the UK in February 2020 and it’s now planning to make app-based insurance services more accessible to UK residents…. Read More

November 25, 2020 @ 3:25 pm By Samantha Hurst  |  

  U.S. insurtech startup Hippo Insurance has joined forces with Kangaroo Home Security to bring customers flexibility and financial ease with home insurance. According to Hippo, the collaboration expands the suite of smart device kits available within Hippo’s expansive smart home program to include a… Read More

November 24, 2020 @ 11:25 am By Samantha Hurst  |  

  U.S. insurtech startup Hippo Insurance announced on Tuesday it scored $350 million investment and formed a partnership with Mitsui Sumitomo Insurance Company, Limited, a subsidiary of MS&AD Insurance Group Holdings, Inc. According to Hippo, the investment will support the insurtech’s product roll out in… Read More

November 23, 2020 @ 8:54 pm By Omar Faridi  |  

A Texas-based Insurtech firm has been able to grow its operations despite the socio-economic challenges created due to the COVID-19 pandemic. Bestow in Dallas has witnessed increased demand as it offers various life insurance plans through an all-digital service that allows customers to easily sign… Read More