Lloyd’s invested in cyber insurtech BreachBits
Lloyd’s has invested in BreachBits, a cyber risk technology company founded by former US military cyber warfare professionals
InsurTech News
ClimateTech Mitigrate secured strategic investment from Lloyd’s
Mitigrate, a ClimateTech SaaS company and Lloyd’s Lab alumni, has secured a strategic investment from Lloyd’s, with continued backing from existing investors
ZestyAI received regulatory approval for Severe Convective Storm suite
ZestyAI, a provider of AI-based insurance risk analytics, has received regulatory approval from the Ohio Department of Insurance for its Severe Convective Storm suite
MediHelp International launched CoverGo’s health insurance platform
MediHelp International has officially gone live with CoverGo’s next-gen, end-to-end health insurance platform
Lemonade reported a net loss of $62.4 mn for Q1 2025
Lemonade Inc. reported a net loss of $62.4mn for the first quarter, up from $47.3mn in the same period last year
Lemonade reports driver’s license data exposure linked to quote system flaw
Insurtech Lemonade disclosed that the driver’s license numbers of approximately 190,000 insurance applicants were mistakenly shared
Verisk launched a catastrophe model designed to assess the SRCC in the U.S
Verisk, a data analytics and technology firm, has introduced a catastrophe model designed to assess the financial impact of strikes, riots, and civil commotion (SRCC) in the U.S
Home insurtech Kin exceeded $100 bn in total insured property value
Digital home insurance provider Kin has exceeded $100bn in total insured property value (TIV), marking a significant milestone in its expansion and profitability
Likewize acquired Speedperform, a company specializing in AI customer support
Likewize, a global provider of device protection, repair services, and technical support, has acquired Speedperform, a company specializing in AI-based customer support
Sapiens acquires AdvantageGo for £43 mn to expand global P&C platform in the UK
Sapiens International Corporation, a global software provider for the insurance industry, has signed a definitive agreement to acquire AdvantageGo
AI-insurtech Earnix acquired Zelros, a GenAI startup for insurers
Dynamic AI platform for insurance Earnix has signed a definitive agreement to acquire Zelros, a pioneer in Generative AI for insurers and banks
Insurtech Steadily raised $30 mn in Series C, reaching $355 mn valuation
Landlord insurtech Steadily secured $30 mn in Series C funding, bringing its total valuation to $355 mn. This latest round increases the company’s total funding to $89.5 mn
Sentra raised $50 mn in Series B to expand AI and Cloud Data Security Platform
Cloud data security insurtech Sentra secured $50 mn in Series B funding, increasing its total capital raised to over $100 mn
SECUTIX and insurtech Cover Genius launched ticket protection partnership
SECUTIX, a market leader in advanced digital solutions for the event industry, announced the launch of a new ticket protection partnership with Cover Genius
Admiral sells U.S. auto insurtech Elephant to refocus on UK & Europe
Admiral Group announced the sale of its U.S. automobile insurtech, Elephant Insurance Co. and Elephant Insurance Services
Fintech Octane Lending secured a $700 mn facility from life insurers
Octane Lending, a fintech company that finances recreational purchases such as all-terrain vehicles, secured a $700 mn forward-flow facility from a group of life insurers
Insurtech 1Fort secured $7.5 mn to expand AI-powered insurance platform
1Fort, an AI platform for business insurance, has raised $7.5mn in an oversubscribed funding round led by Bonfire Ventures. This brings 1Fort’s total funding to $10mn
Insurtech Ocient raised $49.4 mn in additional Series B funding
Ocient, a data analytics software company, announced it raised $49.4 mn in additional Series B funding
Insurtech UnderwriteMe named Andrew Doran as new CEO
UnderwriteMe, the insurtech company owned by Pacific Life Re, has named Andrew Doran as its new chief executive officer
Insurtech Ignyte launched as a specialty platform for insurance brands
Ignyte Insurance launched as a specialty insurance platform focused on acquiring, expanding, and supporting insurance brands in niche global markets
UK insurtech Marshmallow raised £68 mn, bringing valuation to £1.5 bn
UK-based insurtech Marshmallow has raised £68 mn through a mix of debt and equity financing, bringing its valuation to £1.5 bn
Crypto life insurtech Meanwhile raised $40 mn in a Series A, valued at $190 mn
Meanwhile, a life insurance startup that operates exclusively in Bitcoin, raised $40mn in a Series A funding round. The company is now valued at $190mn
Luma Financial Technologies sequred $63 mn in Series C
Luma Financial Technologies, a global insurtech company in structured products and insurance solutions, has raised $63mn in Series C funding
Chapter raised $75 mn in Series D to expand Medicare & retirement services
Chapter, a Medicare guidance insurtech platform headquartered in New York, secured $75mn in Series D funding led by Stripes
UK-based insurtech Ripe completes acquisition of GJW Direct from Munich Re
UK-based insurtech Ripe has completed the acquisition of marine insurance provider GJW Direct from Munich Re Specialty
Insurtech XChange TEC INC acquired a Hong Kong-based insurance broker
Chinese insurtech XChange TEC INC has acquired a Hong Kong-based insurance broker, establishing a base to expand its services across China
wefox finalised a funding agreement up to €170mn, led by Searchlight Capital
Insurtech wefox is close to finalising a funding agreement valued at up to €170mn, led by private equity firm Searchlight Capital Partners
Insurtech Kita secured £22.5 mn in underwriting capacity to cover carbon credit risks
Lloyd’s coverholder Kita has secured £22.5mn in underwriting capacity for 2025 to cover carbon credit risks globally. The increase signals growing recognition of insurance
Insurtech hyperexponential launched hx AI, a set of AI-powered tools
Insurtech hyperexponential (hx) has launched hx AI, a set of AI-powered tools aimed at improving pricing, actuarial, and underwriting processes
Insurtech Peak3 drives insurance customer engagement with new model
Insurtech Peak3 introduces a new model that increases customer interaction through its accumulator insurance propositions
Insurtech Root Insurance partnered with Hyundai Capital America
Insurtech Root Insurance has partnered with Hyundai Capital America, the finance arm of Hyundai Motor Group
AI model DeepSeek may improve efficiency for China’s insurers but adds risk
Chinese insurers have begun using the AI model DeepSeek in their operations. According to AM Best, the model could improve efficiency
Insurtech Lemonade surpassed $1 bn in In Force Premium in 2025
Lemonade, an AI-driven insurtech unicorn, has surpassed $1 bn in In Force Premium (IFP), reaching this milestone 8.5 years after selling its first policy
Kin Interinsurance Network secures $300 mn Florida reinsurance via Hestia Re
Kin Interinsurance Network, managed by digital home insurtech Kin, has closed a $300mn catastrophe bond deal through Hestia Re
Emerald acquired Insurtech Insights, a B2B company focused on the insurance technology sector
Emerald Holding has acquired Insurtech Insights, a London-based company focused on the insurance technology sector
Insurtech Peak3 accelerates expansion in the UK & Europe after $35 mn Series A
Insurtech Peak3 is pushing forward with its expansion in the UK and Europe after raising $35 mn in a Series A funding round
Insurtech Kennedys IQ launches neuro-symbolic AI solution for insurance market
Insurtech Kennedys IQ, the technology division of Kennedys Law, launched Kennedys IQ SmartRisk, the first fully explainable neuro-symbolic AI risk analysis solution
Digital Banking & Fintech Forum 2025: The Main Event of the Year in Financial Technology
The financial sector is rapidly evolving under the influence of technology, making banking and financial services faster, more accessible, and more secure
Insurtech Norm Ai, a compliance AI platform, secured $48 mn in new funding
Insurtech Norm Ai, a compliance AI platform, secured $48 mn in new funding, reflecting strong investor confidence in its technology
Insurity formed a partnership with insurtech InsCipher
Insurity, a provider of cloud-based software for insurance carriers, brokers, and MGAs, has formed a partnership with InsCipher
Insurtech Lemonade leverages ZestyAI’s advanced risk insights to strengthen coverage
ZestyAI announced today that Lemonade, the digital insurance company powered by AI and social impact, has adopted the ZestyAI platform to further optimize underwriting
Insurtech ZestyAI partnered with the Colorado FAIR Plan
Insurtech ZestyAI, an AI-driven climate and property risk analytics provider, has partnered with the Colorado FAIR Plan to improve insurance access for homeowners
Key Features of the UK AI bill: balancing regulation & innovation in a shifting policy landscape
Momentum is building around AI regulation in the UK following the reintroduction of the UK Artificial Intelligence (Regulation) Bill (AI Bill)
Bicycle insurtech Laka acquired the Luko e-scooter business in France
Laka, a specialist bicycle insurer, has acquired the Luko e-scooter business in France from Allianz Direct, marking its third acquisition
Insurtech Sixfold introduced AI Accuracy Validator to strengthen underwriter confidence
Insurtech Sixfold, the insurtech empowering underwriters with a generative AI solution for end-to-end risk analysis, introduced an AI Accuracy Validator
Insurtech ResiQuant secured $4 mn seed funding led by LDV Capital
Insurtech ResiQuant, focused on property risk assessment, has secured $4 mn in seed funding. LDV Capital led the round
Insurtech InsureVision secured $2.7 mn in seed funding led by Rethink Ventures
Insurtech InsureVision, a company specializing in AI-driven driving risk assessment, has secured $2.7 mn in seed funding
AI-driven insurtech Outmarket AI raised $4.7 mn in seed funding
AI-driven insurance intelligence platform Outmarket AI has raised $4.7mn in seed funding to accelerate its expansion
Ant Insurance, AI-powered brokerage, reported significant growth in health insurance claims
Ant Insurance, the online insurance brokerage of Ant Group, has reported strong growth in health insurance claims
Nirvana Insurance, an AI-driven trucking insurer, raised $80mn in a Series C
Nirvana Insurance, an AI-driven commercial trucking insurer, raised $80mn in a Series C funding round, bringing its valuation near $850mn
Coalition secured a $30 mn equity investment from Mitsui Sumitomo Insurance
Coalition, a San Francisco-based cyber insurance provider focused on preventing digital risks, has secured a $30 mn equity investment from Mitsui Sumitomo Insurance
Insurtech Kin introduced a new home insurance in California
Home insurtech Kin Insurance has introduced a new home insurance option in California to address the growing coverage gap in high-risk areas
Insurtech Orion180 hired former The Hartford executive Chris DiMartino as CUO
Orion180, an insurtech provider of innovative insurance solutions, today announced it has hired former The Hartford executive Chris DiMartino as Chief Underwriting Officer
Chinese insurtech AIX faces Nasdaq compliance deadline after share price falls below $1
Chinese insurtech AIX announced it received a notification from Nasdaq stating that its American depositary shares (ADS) have fallen below
Digital asset insurtech Soter Insure sequred funding in Series A led by Galaxy
Insurtech Soter Insure, a provider of insurance products for the digital asset market, has raised an undisclosed amount in its Series A funding round, led by Galax
Vouch acquired the team and book of business from StartSure
Vouch, a business insurance provider for high-growth companies, has acquired the team and book of business from StartSure Insurance Services
Insurtech SafelyYou raised $43 mn in a Series C funding led by Touring Capital
Insurtech SafelyYou has raised $43mn in a Series C funding round led by Touring Capital, bringing its total funding to over $100mn
Marine insurtech Ahoy! Insurance expanded into Florida
Ahoy! Insurance, a technology-focused marine insurer, has expanded into Florida. This move targets Florida’s large boating community with flexible
Simplifai introduced Agentic AI to improve claims handling and underwriting
Norwegian insurtech Simplifai has introduced Agentic AI to improve claims handling, underwriting, and customer service
Home insurtech Openly announced a $193 mn growth financing round
Home insurance startup Openly announced a $193 mn growth financing round, strengthening its expansion plans and market leadership in insurtech
Global InsurTech funding rose 19.5% to $5.1 bn, with Q4 driving momentum as deal count and average size increased sharply, marking the first annual increase since 2021
InsurTech moves past disruption narrative, focuses on underwriting, AI, and operational efficiency as funding drops and insurers demand measurable results
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