Tagged: insurtech

September 23, 2020 @ 3:24 pm By Samantha Hurst  |  

Penn River, a U.S. insurtech that’s focused on cloud-based annuity and life administration, announced on Tuesday it has joined forces with management consulting company Mantissa to launch its ProductHub platform. Penn River describes ProductHub as a solution that provides as much as a 30% reduction… Read More

September 23, 2020 @ 3:08 pm By Samantha Hurst  |  

U.S.-based insurtech startup Pie Insurance announced on Tuesday it is now offering automated bind requests within its recently launched partner portal. Pie Insurance reported that by allowing partner agents to submit requests to bind on eligible submissions within the partner portal, the company is “streamlining”… Read More

September 18, 2020 @ 11:17 pm By Samantha Hurst  |  

  ACKO, a India-based insurtech startup, announced this week it secured $60 million through its latest funding round, which was led by Munich Re Ventures. Founded in 2016, ACKO claims it is India’s first and fastest-growing InsurTech company which makes buying and using insurance effortlessly…. Read More

September 17, 2020 @ 9:12 am By Samantha Hurst  |  

Policygenius, a U.S.-based online insurance marketplace, announced earlier this week it offering Lincoln TermAccel, which is a new life insurance product from Lincoln Financial Group. Policygenius claims that Lincoln TermAccel provides customers with a new way to access life insurance conveniently and quickly. PolicyGenius also… Read More

September 11, 2020 @ 10:30 am By Samantha Hurst  |  

Sunday, a Thailand-based insurtech startup, has reportedly raised $9 million through its Series B bridge investment round. According to KrAsia, the investment round was led by SCB 10X, the venture capital arm of the Siam Commercial Bank PCL (SCB), with participation from Vertex Ventures Southeast… Read More

September 9, 2020 @ 3:31 pm By Samantha Hurst  |  

  Policygenius, a U.S.-based online insurance marketplace, announced on Wednesday the launch of the Policygenius Life Insurance Price Index, which displays average monthly life insurance rates using current data from leading life insurance carriers. Policygenius revealed that the index launches in tandem with Life Insurance Awareness… Read More

August 18, 2020 @ 3:37 pm By Samantha Hurst  |  

Claimsforce, a Germany-based insurtech startup, reportedly secured €7 million through its Series A investment round, which was led by Notion Capital. According to Verdict, the round saw participation from Fly Ventures, Point Nine, and La Famiglia. Claimsforce explained it is on a mission to create… Read More

August 14, 2020 @ 2:19 pm By Samantha Hurst  |  

U.S. insurtech startup Kin Insurance announced on Thursday it secured $35 million through its Series B investment round, which was led by  Commerce Ventures with participation from Hudson Structured Capital Management Ltd. (doing its reinsurance business as HSCM Bermuda), Flourish Ventures, QED, Alpha Edison, Allegis… Read More

August 11, 2020 @ 2:24 pm By Samantha Hurst  |  

Policygenius, a U.S.-based online insurance marketplace, announced on Tuesday the launch of its mobile app, which enables consumers to create wills and trusts conveniently on their phones. Consumers may also shop for life and home insurance from the app, creating a mobile one-stop-shop for key… Read More

August 4, 2020 @ 3:27 pm By Samantha Hurst  |  

Just a couple of months after the closing of its latest investment round, which raised $127 million, insurtech startup Pie Insurance announced the launch of its new partner portal.  According to Pie, the portal uses proprietary technology that makes it easier for partner agents to… Read More

August 3, 2020 @ 1:12 pm By Samantha Hurst  |  

Next Insurance, an insurtech seeking to transform small business insurance, announced on Monday the availability of Tools and Equipment and Hired and  Non-Owned Auto (HNOA). According to Next, the product offerings are the latest developments in the company’s path to becoming the one-stop-shop for insurance coverage… Read More

August 3, 2020 @ 10:25 am By Samantha Hurst  |  

Digital insurance platform for businesses CoverWallet announced on Monday the launch of its new digital insurance product specifically for venture capital (VC) backed startups. According to CoverWallet, VC-backed startups may instantly buy and manage Directors & Officers insurance (D&O), Employment Practices Liability (EPL), and Fiduciary… Read More

July 24, 2020 @ 2:47 pm By Samantha Hurst  |  

U.S. insurtech Sidecar Health announced on Thursday it secured $20 million through its recent investment round, which was led by Cathay Innovation with participation from Comcast Ventures and Kauffman Fellows. The company has so far raised $40 million to date. Founded in 2018, Sidecar Health… Read More

July 23, 2020 @ 9:16 pm By Samantha Hurst  |  

Insurtech NY, an insurtech community that is located in the New York metro area, announced earlier this week it will be accepting applications for its growth-stage InsurTech accelerator program. The application window will be open from July 21st to August 17th. According to Insurtech NY,  the… Read More

July 23, 2020 @ 9:11 pm By Samantha Hurst  |  

Branch, a U.S.-based insurtech startup, announced on Wednesday it secured $24 million through its Series A funding round, which was co-led by Greycroft and HSCM Bermuda with participation from American Family Ventures and Revolution’s Rise of the Rest Seed Fund. Founded in 2018, Branch claims… Read More

July 21, 2020 @ 8:49 pm By Omar Faridi  |  

Policybazaar, a digital insurance platform, is reportedly planning to conduct an initial public offering (IPO) next year at a valuation of more than $3.5 billion. If it’s successful, then it might potentially become the first of India’s major startups to carry out such a large… Read More

July 21, 2020 @ 2:13 pm By Samantha Hurst  |  

Nexsys Technologies, a U.S.-based fintech company that provides a suite of essential tech solutions for mortgage origination and closing, announced on Tuesday it has formed a partnership with insurtech Lemonade to simplify the homeowners’ insurance verification process by using Nexsys’ Clear HOI. Nexsys reported that… Read More

July 21, 2020 @ 12:02 pm By Samantha Hurst  |  

  U.S. insurtech startup Hippo Insurance announced on Tuesday it secured $150 million through its Series E funding round and bought its total funding to $359 million, valuing its business at $1.5 billion post-financing. Founded in 2015, Hippo describes itself as a home insurance company… Read More

July 13, 2020 @ 4:09 pm By Omar Faridi  |  

Meltem Demirors, the Chief Strategy Officer of CoinShares, an investment company that manages $750 million in assets, and serves as a partner to investors and entrepreneurs focused on the digital asset ecosystem, recently questioned why Insurtech Lemonade (NYSE:LMND) is valued at around $4 billion on… Read More

July 13, 2020 @ 4:01 pm By Samantha Hurst  |  

Foxquilt, a Canada-based insurtech startup, recently announced it secured $3.5 million through its seed funding round. Founded in 2016, Foxquilt describes itself as an insurtech company that’s focused on empowering social groups and B2B networks to save on Small Business and Home insurance. “Our Insurance-as-a-Service… Read More