Tagged: insurtech

May 8, 2018 @ 2:16 pm By Samantha Hurst  |  

German insurtech Simplesurance has secured $24 million during its Series C funding round, which was reportedly led by Allianz X, who also further invested in the company, with participation from Rakuten Capital.  Founded in 2012, Simplesurance stated it has created a platform that offers transparent and efficient… Read More

May 4, 2018 @ 9:31 pm By Samantha Hurst  |  

Small business insurance startup CoverWallet announced this week it has expanded its insurtech B2B platform for carriers and agents to the Hanover Insurance Group, which is notably the first carrier to use the platform’s technology. According to CoverWallet, the CoverWallet B2B platform provides real-time quoting, underwriting,… Read More

April 27, 2018 @ 3:00 pm By Samantha Hurst  |  

BNP Paribas, along with Plug and Play, announced on Friday that 11 fintech and insurtech startups have joined Season 3 of their collaborated acceleration program. BNP Paribas reported that it began its partnership with Plug and Play in 2016 and has since launched an international program… Read More

April 23, 2018 @ 4:00 pm By Samantha Hurst  |  

The InsurTech Accelerator, part of Hartford InsurTech Hub powered by Startupbootcamp InsurTech, recently hosted its first Demo Day at The Bushnell Theatre, in Hartford, Connecticut. According to organizers, out of the ten startups graduating from the cohort, five startups have already secured pilots with leading insurance companies… Read More

April 20, 2018 @ 3:00 pm By Samantha Hurst  |  

BBVA announced earlier this week new categories for its upcoming BBVA Open Talent fintech competition. The company reports that this year’s competition is looking for “the best and brightest” ideas that will shape the future of financial services, with three prizes available. BBVA then revealed a… Read More

April 19, 2018 @ 11:03 am By Erin Hobey  |  

The InsurTech Accelerator, part of Hartford InsurTech Hub powered by Startupbootcamp InsurTech, hosted its first Demo Day in Hartford, Connecticut. Out of the 10 startups graduating from the cohort, 5 startups have already secured pilots with leading insurance companies within the core sponsoring partners: Cigna,… Read More

April 18, 2018 @ 10:36 am By Samantha Hurst  |  

Standard Insurance Company (The Standard), a provider of financial products and services, announced on Wednesday it has entered into a strategic partnership with Plug and Play Insurtech, a startup accelerator and open innovation platform. According to the duo, The Standard will act as an anchor partner on the Plug… Read More

April 13, 2018 @ 1:00 pm By Samantha Hurst  |  

HCI Group, Inc. (NYSE: HCI) announced on Thursday its that insurtech platform TypTap has surpassed $10 million in gross written premiums. According to HCI, TypTap provides residential flood insurance in Florida, features the company’s internally developed, online quoting and binding platform. The platform also provides a quote in seconds and… Read More

April 10, 2018 @ 3:13 pm By Samantha Hurst  |  

Celo, an app-based insurance provider, is now seeking £100,000 through its equity crowdfunding campaign on Crowdcube. The insurtech company reported that it is planning to offer insurance cover for motor vehicles, travel, health, and gadgets. It noted that like how challenger banks Monzo and Starling Bank took… Read More

April 10, 2018 @ 9:03 am By Samantha Hurst  |  

CapSpecialty, a provider of specialty insurance for small to mid-sized business in the U.S., announced on Tuesday the launch of DragonX, which is described as a cloud-based platform that streamlines the end-to-end submission and underwriting process for excess casualty coverage with competitive premiums and limit options…. Read More

April 5, 2018 @ 5:00 pm By Samantha Hurst  |  

Plug and Play announced on Thursday the 156 startups accepted into eight of its programs. These programs will run from April through June and include Energy & Sustainability, Enterprise 2.0, Health & Wellness, Insurtech, Internet of Things, Mobility, Real Estate, and Travel & Hospitality. The organization… Read More

April 4, 2018 @ 3:17 pm By Samantha Hurst  |  

On Wednesday, Canada’s OneEleven announced the participants of their Insurtech Growth Program. The startup community announced in January it was joining forces with insurance company Aviva Canada to support the success of growing Canadian insurtech companies. The program, which runs for four months, will provide the… Read More

April 4, 2018 @ 12:34 pm By Samantha Hurst  |  

Bunker, a California-based insurtech startup, announced last week it has formed a partnership with Chubb Insurance to accelerate new insurance product development. According to Bunker, this new collaboration leverages Chubb’s strength as a large publicly-traded property-casualty insurer, along with Bunker’s technology platform. Speaking about the partnership, Chad Nitschke, Co-Founder… Read More

April 3, 2018 @ 3:33 pm By Samantha Hurst  |  

Unum (NYSE:UNM), a market leader in providing disability, life, accident, critical illness, dental and vision insurance in the workplace, announced on Tuesday it has formed a partnership with Plug and Play Insurtech, a Silicon Valley-based startup innovation platform. According to Unum, this new partnership connects the… Read More

April 2, 2018 @ 2:38 pm By Samantha Hurst  |  

Oscar Health, a U.S.-based insurtech, announced last week it has raised $165 million through its latest investment round led by Brian Singerman and Founders Fund. Founded in 2013, the company stated it is focused on utilizing technology, design, and data to humanize healthcare. “We’re a group… Read More

April 2, 2018 @ 11:23 am By Samantha Hurst  |  

Root Insurance, an Ohio-based car insurtech company, announced last week it secured $51 million in funding through its Series C round, which was led by Redpoint Ventures, with Scale Venture Partners and existing partners Ribbit Capital and Silicon Valley Bank Capital Partners.  Founded in 2015, Root described itself… Read More

April 2, 2018 @ 8:43 am By Samantha Hurst  |  

Atidot, an Israel-based insurtech company empowering the life insurance industry with big data and predictive analytics, announced last week it secured $5 million through its Series A funding round, which was led by Vertex Ventures with the participation of existing investors The D.E. Shaw Group, Moneta Seeds, and… Read More

March 30, 2018 @ 3:00 pm By Samantha Hurst  |  

Fo-Sho, a South Africa-based insurance company and Startupbootcamp accelerator participant, announced this week it is planning to expand its insurtech product services in the region. Founded in 2016, Fo-sho describes itself as a South African insurtech startup that is powered by “cool” technology and using innovative… Read More

March 30, 2018 @ 10:03 am By Samantha Hurst  |  

Plug and Play announced on Thursday that 16 startups were selected to join the accelerator’s “Insurtech Europe powered by Plug and Play,” which was created with some of Plug and Play’s partners Allianz, Munich Re, Talanx, Versicherungskammer Bayern and Swiss Re as well as in… Read More

March 26, 2018 @ 2:51 pm By Samantha Hurst  |  

Insly, a cloud-based insurance platform, announced last week it secured €2.2 million during its latest investment, which was led by Concentric and Black Pearls VC. Founded in 2000, Insly describes itself as an insurance software development company that offers insurance policy management for insurance brokers, insurance… Read More