Tagged: life insurance

HSBC to Acquire 100% of AXA Insurance Issued Share Capital in Singapore for $575M, Subject to Regulatory Approval

HSBC Holdings plc (NYSE: HSBC), a British multinational investment bank and financial services holding company, reveals that it has committed to an agreement to acquire 100% of AXA Insurance issued share capital in Singapore for $575 million. The goal or aim of this transaction is… Read More

Insurtech: Hong Kong’s Digital Insurance Firm Blue Launches New Outpatient Plan

Hong Kong-based digital life insurance firm Blue has confirmed the launch of its WeMedi Top Up (Outpatient) Protector, which is a top-up outpatient plan offered as part of the digital life insurance market. As noted by its management: “Blue is Hong Kong’s first digital life… Read More

Life Insurance Advice Platform Anorak Secures £5 Million Through Latest Investment Round Led By Outward VC

  Anorak, a UK-based life insurance advice platform, has reportedly secured £5 million through its latest investment round, which was led by Outward VC, with participation from Triple Point Ventures and Kamet Ventures Founded in 2017, Anorak describes itself as a technology company that is… Read More

U.S. Insurtech Versured Launches Commercial & Life Insurance

    Versured, a U.S.-based insurtech, announced on Monday the launch of its commercial and life insurance. Founded in 2019, Versured stated it was built on a foundation of trusted brokerage partners with broad insights and experiences. Our core value of trust has remained central to… Read More

Insurtech Lemonade, Powered by AI and Behavioral Economics, Selects Bestow Life Insurance Platform

Lemonade (NYSE:LMND), a fast-growing Insurtech that emerged as one of the most successful initial public offerings of 2020 (and recently launched life insurance), has teamed up with Bestow, a “full-stack” life insurance firm. Powered by Bestow’s Protect API, Lemonade clients may apply for “instant,” and… Read More

Insurtech: Switzerland’s Digital Life Insurance Firm SafeSide Partners miira, a Comparison Site for Personal Retirement Planning

Switzerland-based SafeSide Life, a digital life insurance solution provider, has teamed up with miira, a comparison platform for enhancing personal retirement planning (that’s powered by PostFinance’s Innovation Lab). Through the partnership, the companies will aim to improve how consumers analyze financial protection requirements and subsequently… Read More

Texas based Insurtech Bestow Claims its Business has Grown Significantly during COVID, Plans to Hire More Workers

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

Insurtech Bestow Launches Protect API to Enable Companies to Directly Offer Life Insurance Coverage Within Apps Or Websites

Photo courtest velkr0 on Flickr: http://www.flickr.com/photos/velkr0/

Bestow, an Insurtech that delivers algo powered life insurance underwriting, announced on Monday it is expanding access to its entirely digital term life insurance experience. The company unveiled its new product, Protect API, which enables companies to directly offer life insurance coverage within their apps… Read More

Online Insurance Marketplace Policygenius Announces Expansion With Accelerated Life Insurance From Lincoln Financial Group

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

Online Insurance Marketplace Policygenius Announces Life Insurance Price Index Showing Monthly Pricing Data

  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

U.S. Insurtech Breeze Joins Forces With Assurity Life to Launch Online Disability Insurance to Consumers During COVID-19 Pandemic

Breeze announced on Tuesday it has teamed up with Assurity Life to launch an API-driven disability insurance product with a digital application and underwriting process. Through the new service, individuals may request a personalized disability insurance quote and complete a secure application process online in 10-15… 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

John Hancock Partners With Clareto to Improve Insurance Purchase Process

John Hancock Financial announced on Wednesday it has joined forces with Clareto, a provider of digital solutions to acquire and aggregate electronic health data,  improve underwriting speed and efficiency of life insurance purchase processing. Through the collaboration, John Hancock will use Clareto’s network to obtain… Read More

Insurtech Startup Singapore Life Receives $90 Million Investment From Sumitomo Life Insurance

Singapore Life, a Singapore-based insurtech startup, has reportedly received a $90 million investment from Sumitomo Life Insurance. Founded in 2014, Singapore Life describes itself as a life insurance company fully licensed by the Monetary Authority of Singapore that is built on the belief that “the… Read More

Canadian Insurtech Finaeo Secures $5.35 Million Through Latest Investment Round Led By Luge Capital

Finaeo, a Canada-based insurtech startup focused on the life insurance marketplace, announced this week it secured $5.35 million through its latest investment round, which was led by Luge Capital. Founded in 2016, Finaeo’s vision is to become the digital fabric that connects and powers the… Read More

Fabric Launches Digital Sharing Feature For Life Insurance Policies

U.S. insurtech Fabric announced last week it has launched a new digital sharing feature, Trusted Contacts, for its life insurance policies Founded in 2015, Fabric now offers a digital insurance-buying experience that it claims to be fast, affordable, and easy. “Our goal is to help… Read More

Robert Downey Jr.’s Downey Ventures & Will Smith’s Smith Family Circle Invest in Insurtech Startup Ethos

On Thursday, insurtech startup Ethos announced it secured $11.5 million through its latest financing round, which was led by Sequoia Capital with participation from Robert Downey Jr.’s Downey Ventures, Kevin Durant’s Durant Company, Will Smith’s Smith Family Circle, and a credit facility from Silicon Valley Bank. Founded in 2016, Ethos describes… Read More

InsurTech: SoFi Offers Term Life Insurance for Millennials

Coverage in minutes. No trip to the doctor necessary. Incredible pricing. This is what most people want to hear when they are considering purchasing life insurance. Online lender SoFi is doing just this but they are targeting the healthiest demographic among us – the Millennials…. Read More

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