Insurtech Kalepa raises $75 mn in Series B at $470 mn valuation to expand insurance AI platform
AI insurtech Kalepa raises $75 mn in Series B funding led by Updata Partners, valuing the business at $470 mn as it plans further expansion
InsurTech News
Latest InsurTech news, startup funding and research of global insurance technology industry: latest insights, trends and breaking AI news from Beinsure.
Fintech Pliant raises $80 mn Series C to expand AI-powered B2B payments
Pliant secures $80 mn in Series C funding led by Seaya Nova and Speedinvest to expand in North America and develop AI-powered business payment infrastructure
Lazarus AI raises $43 mn with backing from QBE and State Farm Ventures
Lazarus AI secures $43 mn in funding from investors including QBE and State Farm Ventures to expand enterprise AI for document analysis, cybersecurity and legacy modernization
Finshape launches Agentic DBOS to accelerate digital banking projects
Finshape launches Agentic DBOS, using agentic AI to accelerate digital banking development. Recent projects reached production in 6-7 months versus 9-12 months previously
Paperclip acquires Apis Productions to expand insurtech platform and insurance distribution
Paperclip has acquired Apis Productions’ operating assets, establishing Apis Technologies as a wholly owned subsidiary to expand insurance distribution and digital services
Lemonade renters insurance expands to all 50 US states with Minnesota launch
Lemonade launches renters insurance in Minnesota, completing nationwide coverage across all 50 states and Washington, D.C. Policies start at $5 per month
German AI startup Conlio raises €6.4 mn to automate freight finance
Berlin-based AI startup Conlio has raised €6.4 mn to expand across Europe, automating freight documentation, invoicing and financial workflows for logistics companies
Fintech Crediflow AI raises £1.5 mn to automate commercial loan processing
Manchester-based FinTech Crediflow AI has raised €1.8 mn to expand its AI lending platform, automate credit analysis and accelerate commercial loan decisions
NYSE expands tokenized securities (ISTs) platform with four new partners
NYSE adds Broadridge, Computershare, Equiniti and Superstate to its tokenized securities initiative, targeting 24/7 trading and instant settlement
eToro to acquire fintech LB Finanzas and establish Latin America hub in Argentina
eToro has agreed to acquire Argentina’s LB Finanzas, its fourth acquisition in 2026, to expand investment and payment services across Latin America
Tumbleweed raises €6.9 mn in Austria’s largest SpaceTech seed round
Austrian spacetech startup Tumbleweed has raised €6.9 mn to expand its microgravity research platform, following its first commercial satellite launch in July 2026.
Amdocs (NASDAQ: DOX) acquires EIS for $340 mn to enter AI insurance technology market
Amdocs (NASDAQ: DOX) acquires insurance software provider EIS for $340 mn, expanding into AI-powered policy administration, billing and claims technology
CyberKord raises €2.7 mn to automate IT and cybersecurity with AI
Italian cybersecurity startup CyberKord has secured €2.7 mn in pre-seed funding to develop an AI platform that automates IT operations and security incident resolution
Ukraine’s Mriia EdTech platform uses Google Gemini AI for teaching and school management
Ukraine’s Mriia digital education platform uses AI to automate teachers’ tasks and improve school management, reaching 1 mn users across 3,700 schools
Startup Granter raises €1.6 mn to expand AI platform for European funding
Portuguese AI startup Granter has raised €1.6 mn to automate EU funding applications, expand into European markets and develop its AI Grant Consultant
CrowdStrike (NASDAQ: CRWD) to acquire Dreadnode for automated AI security testing
CrowdStrike has agreed to acquire Dreadnode, adding automated AI security testing, vulnerability detection and pre-deployment assessments to its Falcon platform
Insurtech Vertafore launches AI Change Request Agent for MGA underwriting
Vertafore has launched its Velocity Change Request Agent for MGAs, reporting 70% faster policy change reviews and 98% fewer errors in internal testing
LexisNexis launches Accurint One AI platform for law enforcement
LexisNexis Risk Solutions has launched Accurint One, integrating AI, investigative analytics and data sources to support US law enforcement investigations
Deutsche Bank and EIB launch €560 mn European SpaceTech financing deal
Deutsche Bank and the EIB plan to mobilise €560 mn for European SpaceTech companies, supporting satellite technology, launch systems and industrial expansion
Marble Cognition raises $3.75 mn to automate business processes with AI
AI startup Marble Cognition has raised $3.75 mn in pre-seed funding to develop AI agents that map undocumented business workflows and automate operational tasks
Fintech Revolut launches New Zealand bank with NZ$120 mn investment plan
Revolut has secured a New Zealand banking licence and plans to invest NZ$120 mn over five years, offering savings accounts and deposit protection to customers
Tokio Marine HCC launches first humanoid robot home insurance
Tokio Marine HCC and Adrian Flux launch UK humanoid robot insurance covering theft, damage, liability and malfunctions as global robot shipments accelerate
SpaceX mobile network could cost another $130 bn to rival T-Mobile
SpaceX may need another $120-130 bn in spectrum and network investment to compete with T-Mobile, AT&T and Verizon, telecom expert William Webb estimates
Reddit (NYSE: RDDT) stock price crash 30% on AI search fears after Q3 earnings
Reddit (RDDT) stock price forecast after a 30% plunge. Weak user growth, Google AI search and new login requirements raise concerns about future revenue
Phase launches decentralized AI agent blockchain mainnet backed by $45 mn
Phase has launched a decentralized blockchain network for AI agents, backed by $45 mn in founder funding, with proxy, computing and payment services
Avante raises $30 mn to expand AI platform for employee benefits
Avante secured $30 mn in Series A funding to expand its AI benefits platform, develop autonomous agents and support employers facing rising healthcare costs
Fintech Lovey secures up to £250 mn SME lending facility from Pollen Street
UK fintech Lovey agrees to a £250 mn credit facility with Pollen Street Capital to expand direct SME lending after financing more than £600 mn in business loans
Fintech Wealthsimple secures C$425 mn funding at C$13.8 bn valuation
Wealthsimple agrees to a C$425 mn funding round led by GIC, reaching a C$13.8 bn valuation as assets under administration rise to C$169.2 bn
Fintech Hyphenate raises $45 mn Series A to expand autonomous finance AI
Fintech Hyphenate secures $45 mn in Series A funding led by Nexus Venture Partners to expand AI agents across accounting, treasury, invoicing and financial reporting
Fintech Coast raises $35 mn to expand AI expense management and fleet payments
Fintech platform Coast raises $35 mn led by Thomvest Ventures to expand AI-powered expense automation, bill pay, accounts payable and embedded fleet payments
FuriosaAI raises $620 mn in Series D at $2.9 bn valuation to scale AI chips
South Korean AI chip startup FuriosaAI raises $620 mn in Series D funding, backed by government investment, to expand production and challenge Nvidia
Aon and SAGE launch AI-powered crop insurance with field-level risk pricing
Aon and SAGE are introducing AI-powered crop insurance for 2027, using field-level risk assessments to offer more precise premiums for corn and soybean farmers
Verisk expands insurance AI integrations with Microsoft Copilot, Amazon Quick and Claude
Verisk expands access to insurance underwriting data, ISO Loss Costs, premium audit resources and property-level weather intelligence across enterprise AI platforms
Y Combinator’s Winter 2027 startup priorities focus on AI, insurance, fintech, and robotics
Y Combinator’s Winter 2027 startup priorities focus on AI infrastructure, robotics, insurance, financial technology, specialized models and data centers
Insurtech CoverGo raises $6 mn in Series B1 funding to expand AI insurance platform
CoverGo secures $6 mn in Series B1 funding led by Betatron Venture Group after tenfold revenue growth, expanding its AI insurance platform across 15 countries
Insurify launches AI Agent Gateway for real-time AI insurance shopping
Insurify’s AI Agent Gateway connects personal AI assistants to live insurance quotes through MCP, browser tools and dedicated interfaces with consumer safeguards
Anthropic IPO exposes major AI insurance coverage gaps and liability risks
Anthropic’s IPO filing warns that catastrophic AI losses could exceed insurance capacity, as insurers assess liability exclusions, bodily injury risks and coverage gaps
SoFi Technologies (NASDAQ:SOFI) stock price forecast: Wall Street analysts target $15 to $30
Wall Street analysts forecast SoFi Technologies stock between $12 and $30, with a $20.60 average target after strong Q3 earnings and upgraded 2027 guidance
Guidewire to acquire hyperexponential for up to $2.1 bn in AI underwriting deal
Guidewire agrees to acquire hyperexponential for $1.7 bn plus up to $400 mn, expanding its AI underwriting platform for commercial P&C insurers
NAIC proposes $204 mn budget for 2027 as AI, cybersecurity and regulatory costs rise
The NAIC projects 2027 expenses of $204 mn, up 5.5%, as artificial intelligence, cybersecurity and complex insurer investments increase regulatory demands
Insurtech Lemonade introduces agentic AI insurance platform for personal AI agents
Insurtech Lemonade is preparing an agentic AI insurance platform that lets personal AI agents buy policies, adjust coverage, manage renewals through Lemonade OS
Luva, backed by EverQuote, launches AI-powered insurance comparison platform
Luva, backed by EverQuote, launches a conversational AI insurance comparison platform offering real-time auto insurance quotes and coverage options in all 50 US states
Insurtech Reliance Global plans $3.75 mn GPU cloud acquisition and XGPU rebrand
Reliance Global signed a non-binding agreement to acquire a GPU cloud marketplace, with plans to expand AI computing capacity and change its Nasdaq ticker to XGPU
Microsoft (MSFT.O) offers 60,000 employees buyouts amid $175 bn AI spending push
Microsoft is offering voluntary buyouts to 60,000 employees across four countries as it seeks to control costs while expanding AI infrastructure investments
Insurtech Fruga secures £1 mn funding to expand open banking insurance rewards
Manchester-based insurtech Fruga has agreed £1 mn in funding from PXN Ventures and Haatch to expand open banking rewards, reduce insurance costs and improve customer retention
Insurtech LTY gains Akiden Ventures as investor and expands Swiss insurance platform
Swiss insurtech LTY added Akiden Ventures as a minority shareholder, appointed Steve Savioz to its board and integrated SPS to support expansion
Insurtech Marrow raised £1.49 mn in pre-seed to connect AI agents with insurance systems
London-based insurtech Marrow has raised $2 mn in pre-seed funding to connect AI assistants with insurance pricing, underwriting and policy systems
Slingshot Insurance raises $27 mn to expand AI-native embedded insurance
Slingshot Insurance has secured $27 mn in seed funding to build AI-native infrastructure for embedded insurance, targeting MGAs, software platforms and distributors
Anthropic IPO filing reveals $16.3 bn revenue and plans for a Nasdaq listing valued at $2 tn
Anthropic’s IPO filing reveals $16.3 bn in first-half revenue, an $80.7 bn net loss and plans for a Nasdaq listing potentially valued at $2 tn
Insurtech Kin enables WebMCP to let ChatGPT shop for home insurance quotes
Kin has integrated WebMCP into its home insurance quoting platform, allowing ChatGPT to retrieve personalized quotes and compare coverage options with fewer questions
Comeryx launches AI-powered insurance platform for artisan contractors
Comeryx launches an AI-native MGA platform offering automated general liability and pollution insurance for artisan contractors, backed by an A+ rated carrier
DXC Technology in talks to sell insurance software unit to Eldridge Industries for $2.4 bn
DXC Technology is in advanced talks to sell its insurance software business to Eldridge Industries, which could combine the unit with Zinnia
Korra launches Deal Analysis for P&C reinsurance and ILS transactions
Korra has launched Deal Analysis, combining AI, Bayesian loss modeling and investment analytics to evaluate casualty, property and specialty reinsurance and ILS transactions
DOXA launches DOXA Re for specialty property quota share reinsurance
DOXA has established DOXA Re, a property reinsurance MGU led by James Femia, offering quota share and proportional solutions to insurers, hybrid carriers and MGAs
Outmarket AI launches self-service AI platform for insurance agencies
Outmarket Lite gives smaller insurance agencies access to AI-powered proposals, policy comparisons and coverage analysis
Insurtech Root expands car insurance coverage to Wyoming, reaching 38 US states
Root Insurance has launched in Wyoming, expanding its auto insurance operations to 38 states covering 81% of the US population as it targets nationwide growth by 2027
SoFi and Prudential Financial launch term life insurance in SoFi app
SoFi partners with Prudential to offer SimplyTerm life insurance to 15.8 mn members, with digital quotes, applications and coverage available through its app
Insurtech Shory partners with UAE Cyber Security Council to strengthen cyber resilience
UAE insurtech Shory has signed an MoU with the UAE Cyber Security Council to support cyber resilience, threat intelligence sharing and national cybersecurity preparedness
Microsoft Project Perception targets AI agent insider security risks
Microsoft outlines how Project Perception and Guardian Agents monitor enterprise AI agents, control permissions and address security risks in real time
Fintech Zilch expands UK credit, rewards and payment services
Zilch introduces two membership tiers, Pay Monthly financing and Advance salary access of up to £100, expanding its UK credit, rewards and payment services
1 billion-dollar startups have become commonplace. More than 600 new unicorn companies were formed in this year. Globally, there were more than 1,300 active unicorns
The global fintech market, valued at $272 bn in 2023, is projected to reach $723 bn by 2030 and $1.265 trln by 2034, growing at a CAGR of 15%
A slowdown in financial technology sector deal flow is lingering, with a wait-and-see sentiment extending into the second half of the year
Private equity and venture capital investment in financial technology and payments companies in Europe has been dwarfed by the $10 billion