InsurTech News

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

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

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

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

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

Insurtech Duck Creek Technologies announced the opening of its second Center of Excellence (CoE) in Warsaw, Poland

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 has expanded its partnership with Nationwide to roll out LeakBot, a device designed to prevent water damage, across 16 states

Akur8, an insurance pricing and reserving solution, has announced its partnership with Windward Risk Managers, known for Florida Peninsula Insurance

CLARA Analytics, an AI technology provider focused on insurance claims optimization, has appointed Eugene Wong as Chief Financial Officer (CFO)

Insurtech Lemonade reported a net loss of $67.7 mn in Q3 2024, widening from the $61.5 mn loss in Q3 2023. However, its in-force premium (IFP) grew by 24% to reach $889.1 mn

INSHUR, a global embedded insurance provider for the on-demand economy, has raised $19mn in a recent funding round. Viola Growth led this round, with support from MS&AD

Regional insurtech Igloo has entered the direct-to-consumer (D2C) market in Indonesia, aiming to enhance insurance accessibility for digital consumers

Inspectify, a property inspection and underwriting insurtech platform, has secured $5.26 mn in funding, led by Munich Re Ventures

Insurtech Branch has raised $51 mn in a new funding round led by American Family Ventures. This investment supports Branch’s growth strategy

Insurtech Aurora, a digital commercial insurance platform, has raised seed funding from QBE Ventures, the investment arm of QBE Insurance Group

AI-driven insurtech COVU has raised $12.5 mn through equity and debt financing in its first Series A funding round led by Benhamou Global Ventures (BGV)

Insurtech Herald has secured $12 mn in Series A funding co-led by Lightspeed Venture Partners and Brewer Lane Ventures, with participation from Afore Capital and Underscore Venture Capital

Agentech, an AI-powered workforce solution for insurance claims, raised $3 mn in seed funding in just 30 days. This funding will support their expansion into Property & Casualty

Home insurtech Hippo has appointed William Malone as Vice President and Head of Agency. Malone, with 25 years of industry experience, will oversee sales, account management

Adaptive Insurance, a new parametric insurtech platform powered by AI, has launched with the goal of transforming how businesses protect against climate risks

Ondo Insurtech has partnered with the National Farmers Union Mutual Insurance Society Limited (NFU Mutual) to introduce its LeakBot technology to the insurer’s customers

London-based insurtech Optalitix, a software provider for insurance and finance, secured a $3 mn follow-on funding round led by Calculus Capital, with participation from 24 Haymarket and others

Onsurity, an insurtech startup focused on SMEs, raised an additional $21mn in its Series B round, bringing the total to $45mn. Private equity firm Creaegis led the funding

CLARA Analytics announced that Risk Administration Services will leverage its technology to enhance its claims processes

wefox has announced that Joachim Müller will take over as CEO effective immediately. Mark Hartigan, who has been serving as both Chairman of the Board