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
InsurTech News
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
Embedded insurtech Tint announced 7x growth
Insurtech Tint announced 7x growth in 2024, marked by significant expansion across its core markets and the launch of mbedded insurance solutions
InsurTech startups to compete for £50,000 in Norton Rose Fulbright’s Insurathon
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
Supply chain insurtech Overhaul secures $55 mn for AI and strategic expansion
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 secured $8 mn in a Series A funding led by Zigg Capital
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
Insurtech Relm introduced 3 new AI-focused insurance products
Bermuda-based Relm Insurance has introduced three new AI-focused insurance products to manage risks associated with AI use in business operations
Insurtech ICEYE raises $65 mn to advance satellite and ISR technologies
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 secures $30 mn funding from Vistara Growth
Insurtech Matic Insurance has raised $30 mn in growth funding from Vistara Growth to accelerate its expansion and enhance its technology platform
Insurtech Kettle appoints Jeff Chen as chief risk officer
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
Insurtech Porch converts homeowners insurance business to a reciprocal exchange
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
Fintech Kamino secured $10 mn to expand AI-platform for mid-market CFOs
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 partnered with insurtech Akur8 to enhance pricing process
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 raised $20 mn to advance data-powered marine cargo insurance solutions
Parsyl, a technology-driven insurer specializing in complex supply chains, secured $20 mn in Series C funding to accelerate its expansion
Insurtech Root launches driver-based auto insurance in Minnesota
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
AI-driven insurtech Jones secured $15 mn in Series B funding
Jones, an AI-driven insurtech company, secured $15 mn in its Series B funding round led by NewSpring Capital.
Insurtech Bikmo raised £4.75 mn funding from Puma Growth Partners
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
Insurtech bolttech secures $100+ mn in Series C funding, reaching $2.1 bn valuation
Bolttech announced its Series C funding round, led by Dragon Fund, Liquidity, and MUFG, with participation from Baillie Gifford, Generali
DvSum joined Guidewire’s Insurtech Vanguards program
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 increases venture capital fund to $400 mn, prioritizing InsurTech
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 enhanced its Earth Observation services by launching two SAR satellites
ICEYE has enhanced its Earth Observation services by launching two new SAR satellites, boosting its disaster management solutions
Insurtech CyberCube partnered with Penguin Tech
CyberCube, a provider of cyber risk analytics, has partnered with Penguin Tech, an integration and consulting provider, to offer improved solutions
Insurtech wefox to sell wefox Insurance to a Swiss consortium
Insurtech wefox Holding AG has finalized an agreement to sell its Liechtenstein-based insurer, wefox Insurance AG, to a Swiss consortium led by BERAG
Insurtech Zhibao Technology launches longevity risk lab in Shanghai
Zhibao Technology, an InsurTech company, unveiled the Longevity Risk Lab (LRL) in Shanghai at its inaugural Longevity Risk Conference
Insurtech Orion180 expands residential private flood insurance to 10 states
Insurtech Orion180 has introduced residential private flood insurance in 10 states, with plans for further expansion in 2025. The Florida-based insurer aims
Insurtech Duck Creek Technologies expanded senior global leadership team
Duck Creek Technologies, a insurtech provider of software for property and casualty (P&C) and general insurance, has expanded its senior global leadership team
Insurtech Kita launched Active Risk Monitoring services for the carbon markets
Carbon insurtech Kita has launched its full-spectrum Active Risk Monitoring services for the carbon markets. Since March 2024, these services were available
Insurtech Zopper sequred $25 mn in Series D funding led by Elevation Capital
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 insurtech Embri expands bikes insurance and high-end tech
Embedded insurance platform Embri has expanded its coverage options to include bicycles and high-end technology. These additions build on its existing protection
Swiss insurtech Poncho secures $617K seed funding
Poncho, a Swiss insurtech startup focused on weather-based refunds for outdoor experiences, has raised $617,000 in seed funding
Insurtech ISUR launches SaaS Insurance Solutions Platform
Insurtech ISUR has launched its advanced SaaS Insurance Solutions platform, promising to reshape the way insurers manage their operations
Lamarr:AI secured $1.1 mn in pre-seed funding led by Hazelview Ventures
Lamarr:AI, a startup founded through research collaboration at MIT, Georgia Tech, and Syracuse University, has secured $1.1 mn in pre-seed funding
Rival Insurance Technology achieves CSIO eDocs Certification, enhancing broker efficiency
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
Insurtech Neutrinos launched marketplace to accelerate automation in insurance
Neutrinos, a technology company specializing in intelligent automation, has introduced the Neutrinos Marketplace to accelerate automation within the insurance value chain
WEX launches GenAI benefits agent and AI analytics to support HR workloads
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 announced a new partnership with life insurtech Emma
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 launched CoverGo Claims
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 and Uber launched a product for UK Uber drivers, developed insurtech Indeez
Allianz Partners and Uber have launched a new income protection product for UK Uber drivers, developed with insurtech Indeez
Insurtech startup Amenli secured $2.3 mn in funding
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
Insurtech Bolttech sequred a $50 mn venture debt facility with HSBC
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
AI-insurtech Federato raised $40 mn Series C funding led by StepStone Group
Insurtech Federato, AI-powered insurance underwriting platform, has raised a $40 mn Series C funding round, led by StepStone Group
Insurtech Akur8 partners with American Association of Insurance Services
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
API-first insurtech Root launched Certified Developer Community program
Insurtech Root, a low-code, introduced its Certified Developer Community program. This initiative is designed to upskill in-house developers
Insurtech Foxquilt launched digital insurance products in New York
Insurtech Foxquilt, digital MGA specializing in embedded insurance technology for small businesses, has launched of its digital insurance products in New York
Insurtech Duck Creek expands global support with Center of Excellence in Poland
Insurtech Duck Creek Technologies announced the opening of its second Center of Excellence (CoE) in Warsaw, Poland
Insurtech Descartes expands climate & emerging risk parametric offerings in LatAm
Parametric insurtech Descartes Underwriting announced plans to broaden its climate and emerging risk parametric offerings across Mexico and Latin America
Insurtech Hippo released Q3 2024 results: TGP reached $368 mn (+21%)
Home insurtech Hippo released its Q3 2024 financial results, showing a 65% YoY revenue increase, supported by stronger premium retention aligned with risk retention
Ondo InsurTech expanded partnership with Nationwide to roll out LeakBot
Ondo InsurTech has expanded its partnership with Nationwide to roll out LeakBot, a device designed to prevent water damage, across 16 states
SaaS Agicap raised €45 mn in Series C funding led by AVP
SaaS platform for SMBs to manage and forecast their cash flows Agicap has raised €45 mn in Series C funding led by AVP. This investment aims to bolster Agicap’s presence in Europe
Delos Insurance raised $9 mn in a Series A funding round
Delos Insurance Solutions, a property insurance MGA, raised $9 mn in a Series A funding round led by HSBC Asset Management. IA Capital Group, Blue Bear Capital, Generation Space
Insurtech ManyPets leaves the US pet insurance market to focus in the UK
Insurtech ManyPets, a pet insurance provider, will leave the US market to focus on operations in the UK insurance market. The company has partnered with Odie Pet Insurance
Insurtech Vertafore acquired cloud-based software platform Surefyre
North America’s insurtech Vertafore announced its acquisition of Surefyre, a leading platform focused on submission and underwriting for MGAs and wholesalers
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