Insurtech Vigil raised $1.3 mn in a pre-seed funding led by M25
Annuities insurtech Vigil has raised $1.3mn in a pre-seed funding round led by M25, with support from Nationwide Ventures, Rex Salisbury, Clocktower Ventures
InsurTech News
ZestyAI partnered with Safepoint to improve underwriting accuracy & risk assessment
Safepoint Holdings has partnered with ZestyAI to improve underwriting accuracy and risk assessment. ZestyAI specializes in AI-driven climate and property risk analytics
Insurtech Neutrinos introduced a platform that helps insurers apply AI-driven tasks
Neutrinos, a specialist in intelligent automation, has introduced a platform that helps insurers apply AI-driven decision-making, simplify tasks, and improve customer interactions
Duck Creek partnered with Worldpay to improve payment processing for insurers
Duck Creek Technologies, a provider of technology solutions for P&C insurance sector, has partnered with Worldpay to improve payment processing for insurers
Insurtech Comulate raised $20mn in a Series B led by BOND & Workday Ventures
Comulate, an InsurTech firm focused on accounting automation for insurance brokers, has raised $20mn in a Series B round led by BOND and Workday Ventures
High Definition Vehicle Insurance raised $40 mn in growth capital
High Definition Vehicle Insurance (HDVI), a commercial auto insurer focused on technology, raised $40mn in growth capital, bringing total funding to over $87mn
Norwegian insurTech 7Analytics received investment from IAG Firemark Ventures
Norwegian InsurTech startup 7Analytics, which focuses on flood data analytics, has received investment from IAG Firemark Ventures
AI-insurtech Cytora launched Cytora Platform 3.0, an upgraded agentic AI
Cytora, an AI-driven solution provider for insurers, has launched Cytora Platform 3.0, an upgraded version of its digital risk processing system
ICEYE and SATIM partnered for AI-powered SAR imagery analysis products development
ICEYE and SATIM, a world-leading provider of AI-based solutions, announced the signing of partnership agreement for joint product development
Insurtech Weecover secured €4.2 mn to support international expansion
Weecover, a Barcelona-based insurtech specializing in embedded insurance, secured €4.2 mn in funding to support growth and international expansion
Bayer and Insurtech Pula plan to insure 10 million farmers in Africa
Bayer Foundation and insurtech Pula plan to insure 10 million smallholder farmers in Africa by 2030. This initiative protects farmers from climate risks
Tesla launched insurance discount for Texas and Arizona drivers using FSD tech
Tesla has introduced its first insurance discount for drivers using Supervised Full Self-Driving (FSD), cutting premiums by up to 10% for policyholders in Texas and Arizona
Duck Creek Technologies introduced Payments Marketplace
Duck Creek Technologies, a software provider for property and casualty (P&C) and general insurance, has introduced Payments Marketplace
Texas Senate Bill 815 aims to prevent health insurers from using AI-based algorithms
A Texas Senate bill aims to prevent health insurance companies from using AI-based algorithms as the sole basis for denying claims
Merchants Insurance Group adopts CLARA Analytics AI to improve claims processing
CLARA Analytics announced that Merchants Insurance Group has adopted Claims DocIntel Pro and CLARA Triage for its auto liability claims
Wopta Assicurazioni, a phygital insurtech MGA, launched a €50 mn Series B
Italian insurtech firm Wopta Assicurazioni secured €12 mn in new funding through a club deal led by Belluzzo International Partners. The company also launched a €50 mn Series B
Insurtech XILO secured $7.2 mn in a Series A led by Altos Ventures
Insurtech XILO, a San Diego-based workflow automation platform for insurance agencies, secured $7.2 mn in a Series A funding round
Insurtech Bold Penguin partnered with EMPLOYERS, expanding the workers’ compensation coverage
Insurtech Bold Penguin announced a new partnership with EMPLOYERS, expanding the workers’ compensation coverage options available in the Terminal
KatRisk expands flood modelling software to Mexico, Central America, and the Caribbean
KatRisk, a catastrophe modelling software company, is expanding its advanced flood risk models to Mexico, Central America, and the Caribbean
CyberCube and Acclaim Insurance Brokers partner to improve Cyber Risk Assessment
CyberCube, a provider of cyber risk analytics, has partnered with Singapore-based Acclaim Insurance Brokers to improve cyber risk evaluation
Lloyd’s algorithmic platform Ki partnered with QBE to expand digital follow capacity
Lloyd’s algorithmic digital platform Ki has partnered with QBE Insurance Group to expand digital follow capacity
Alpine Intel acquires BSC Forensics to enhance claims investigations
Alpine Intel, a US-based insurance solutions provider, has acquired BSC Forensics for an undisclosed sum. The acquisition is expected to improve efficiency and accuracy for its clients
Ariel Re’s third-party reinsurance capital platform ARCP completes funding
Ariel Re has completed the first fundraising round for its third-party capital vehicle, Ariel Re Capital Partners (ARCP), launched in 2024
Insurtech Boxx announced 3 key appointments to drive growth in the U.S.
Toronto-based cyber insurtech Boxx Insurance has announced three key appointments to drive its growth in the United States
InsurTech Olé Life raised $13 mn in Series B funding
Olé Life, a Latin American InsurTech company, has raised $13 mn in Series B funding, led by PayPal Ventures
AI insurtech Instabase secures $100 mn in Series D funding
Instabase, an insurtech specializing in applied AI for unstructured data, has closed a $100mn Series D funding round led by QIA
Frontier Risk sequred $3 mn seed+ round to underwrite cannabis risk
Frontier Risk closed of a $3 mn seed+ round, bringing investors from the cannabis and insurance sectors to build the industry’s first tech-enabled insurance ecosystem
Insurtech Naked sequred $38 mn to drive insurance transformation in South Africa
Naked, a South African insurtech firm, has raised $38 mn in its Series B2 funding round. This represents the largest insurtech investment in Africa
Insurtech ManyPets reports £33 mn loss for FY 2024
Pet insurtech ManyPets announced a net loss of £33 mn for the year ending March 31, 2024. This marks a significant improvement from the £67.5 mn loss reported the previous year
54% of insurers expect traditional roles to require advanced technical skills – RDT poll
A recent poll by RDT reveals that 54% of insurers expect traditional roles to require advanced technical skills due to increasing automation and digital transformation
The first notice of loss (FNOL) is the starting point for every insurance claim. It sets the tone for the entire claims cycle. And for years, this process has been manual
InsurTech funding crossed a significant milestone in Q2 2025, with $60.8bn raised since records began in 2012. The data reflects the scale of investor appetite over 10Y
Insurance intersects with nearly every sector: infrastructure, logistics, health, environmental risk, and beyond
Lloyd’s Lab accelerator has become a major force in insurance innovation, securing over $1 bn to support startups transforming the industry, launching 6 years ago