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, a software provider for property and casualty (P&C) and general insurance, has introduced Payments Marketplace
A Texas Senate bill aims to prevent health insurance companies from using AI-based algorithms as the sole basis for denying claims
CLARA Analytics announced that Merchants Insurance Group has adopted Claims DocIntel Pro and CLARA Triage for its auto liability claims
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, a San Diego-based workflow automation platform for insurance agencies, secured $7.2 mn in a Series A funding round
Insurtech Bold Penguin announced a new partnership with EMPLOYERS, expanding the workers’ compensation coverage options available in the Terminal
KatRisk, a catastrophe modelling software company, is expanding its advanced flood risk models to Mexico, Central America, and the Caribbean
CyberCube, a provider of cyber risk analytics, has partnered with Singapore-based Acclaim Insurance Brokers to improve cyber risk evaluation
Lloyd’s algorithmic digital platform Ki has partnered with QBE Insurance Group to expand digital follow capacity
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 has completed the first fundraising round for its third-party capital vehicle, Ariel Re Capital Partners (ARCP), launched in 2024
Toronto-based cyber insurtech Boxx Insurance has announced three key appointments to drive its growth in the United States
Olé Life, a Latin American InsurTech company, has raised $13 mn in Series B funding, led by PayPal Ventures
Instabase, an insurtech specializing in applied AI for unstructured data, has closed a $100mn Series D funding round led by QIA
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
Naked, a South African insurtech firm, has raised $38 mn in its Series B2 funding round. This represents the largest insurtech investment in Africa
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
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
Insurtech Tint announced 7x growth in 2024, marked by significant expansion across its core markets and the launch of mbedded insurance solutions
Global law firm Norton Rose Fulbright has launched the eighth annual Insurathon, a competition aimed at supporting start-ups and scale-ups driving innovation in insurance technology
Overhaul, a supply chain risk management and intelligence provider, has raised $55 mn in equity funding. The round was led by Springcoast Partners
Insurtech Rainbow, a managing general underwriter (MGU) specializing in business insurance, has secured $8 mn in a Series A funding round led by Zigg Capital
Bermuda-based Relm Insurance has introduced three new AI-focused insurance products to manage risks associated with AI use in business operations
Insurtech ICEYE, the global leader in SAR satellite operations for Earth Observation and persistent monitoring, secured an additional $65 mn in its 2024 growth funding
Insurtech Matic Insurance has raised $30 mn in growth funding from Vistara Growth to accelerate its expansion and enhance its technology platform
Kettle, a wildfire-focused insurtech and managing general agent (MGA), has named Jeff Chen as its chief risk officer to lead risk management and actuarial
Porch Group, a Seattle-based insurtech, has transitioned its homeowners insurance business into a reciprocal exchange. The company aims to use its data-driven approach
Kamino secures $10 mn to grow its mid-market footprint, build CFO tools, and scale AI-driven financial insights ahead of 2026
Farm Bureau Insurance Company of Idaho, the largest property-casualty insurer based in the state, has partnered with Akur8 to enhance its pricing process
Parsyl, a technology-driven insurer specializing in complex supply chains, secured $20 mn in Series C funding to accelerate its expansion
Root Insurance has expanded its auto insurance services to Minnesota, offering over 4 mn drivers a model based on driving behavior instead of traditional demographic factors
Jones, an AI-driven insurtech company, secured $15 mn in its Series B funding round led by NewSpring Capital.
The UK-based cycle insurtech Bikmo has raised £4.75 mn in new funding from Puma Growth Partners. The funds will support its expansion across Europe
Bolttech announced its Series C funding round, led by Dragon Fund, Liquidity, and MUFG, with participation from Baillie Gifford, Generali
DvSum, a provider of data intelligence solutions, has joined Guidewire’s Insurtech Vanguards program. This initiative promotes innovation in the P&C insurance sector
MS&AD Insurance Group Holdings Inc. announced a $100 mn increase to its venture capital fund, bringing the total to $400 mn. The fund focuses on startups
ICEYE has enhanced its Earth Observation services by launching two new SAR satellites, boosting its disaster management solutions
CyberCube, a provider of cyber risk analytics, has partnered with Penguin Tech, an integration and consulting provider, to offer improved solutions
Insurtech wefox Holding AG has finalized an agreement to sell its Liechtenstein-based insurer, wefox Insurance AG, to a Swiss consortium led by BERAG
Zhibao Technology, an InsurTech company, unveiled the Longevity Risk Lab (LRL) in Shanghai at its inaugural Longevity Risk Conference
Insurtech Orion180 has introduced residential private flood insurance in 10 states, with plans for further expansion in 2025. The Florida-based insurer aims
Duck Creek Technologies, a insurtech provider of software for property and casualty (P&C) and general insurance, has expanded its senior global leadership team
Carbon insurtech Kita has launched its full-spectrum Active Risk Monitoring services for the carbon markets. Since March 2024, these services were available
Indian insurtech Zopper sequred $25 mn in Series D funding. Elevation Capital and Dharana Capital led the round, with support from existing investor Blume Ventures,
Embedded insurance platform Embri has expanded its coverage options to include bicycles and high-end technology. These additions build on its existing protection
Poncho, a Swiss insurtech startup focused on weather-based refunds for outdoor experiences, has raised $617,000 in seed funding
Insurtech ISUR has launched its advanced SaaS Insurance Solutions platform, promising to reshape the way insurers manage their operations
Lamarr:AI, a startup founded through research collaboration at MIT, Georgia Tech, and Syracuse University, has secured $1.1 mn in pre-seed funding
CSIO has announced that Rival Insurance Technology (Rival) has achieved eDocs Certification. This recognition confirms that Rival has successfully implemented all 40 updated eDocs codes
Neutrinos, a technology company specializing in intelligent automation, has introduced the Neutrinos Marketplace to accelerate automation within the insurance value chain
WEX, a global commerce platform simplifying business operations, has partnered with select employers to pilot two new AI-driven features within its benefits administration platform
Equisoft, a provider of insurance and wealth management solutions, announced a new partnership with Emma, a platform focused on making life insurance simple, affordable, and accessible
Insurtech CoverGo, a global no-code AI insurance platform for health, life, and P&C, has introduced CoverGo Claims. This AI-powered platform offers a full solution for health insurers
Allianz Partners and Uber have launched a new income protection product for UK Uber drivers, developed with insurtech Indeez
Cairo-based insurtech startup Amenli has secured $2.3 mn in funding to support its expansion and enhance its offerings. The round was led by the European Bank for Reconstruction
Global insurtech Bolttech has sequred a $50 mn venture debt facility with HSBC. Bolttech aims to use this funding to further its ambitious plans for innovation and growth in the insurtech sector
Insurtech Federato, AI-powered insurance underwriting platform, has raised a $40 mn Series C funding round, led by StepStone Group
Akur8, a insurtech provider of advanced insurance pricing and reserving solutions using transparent ML technology, announced a strategic collaboration with the American Association of Insurance Services
Insurtech Root, a low-code, introduced its Certified Developer Community program. This initiative is designed to upskill in-house developers
