Insurtech Wisedocs sequred $9.5 mn in Series A Funding
Insurtech Wisedocs secured $9.5 million in Series A funding to enhance its AI-driven insurtech solutions, with Information Venture Partners
InsurTech News
Insurtech Lemonade rised in-force premium to $747 mn for 4Q 2023
Insurtech Lemonade has reported a 20% rise in in-force premium to $747 mn for 4Q 2023, while its gross loss ratio fell 12% to 77% in the quarter.
Wipro acquired insurtech Aggne Global for $66 mn
Wipro, India’s fourth largest information technology (IT) services firm, will acquire US-based insurtech firm Aggne Global
AI-insurtech Indemn closed a $1.9 mn pre-seed funding
Indemn, a insurtech platform, has closed a $1.9 mn pre-seed funding round, marking its continued growth in delivering insurance products
Insurtech Cake sequred $1.3 mn in pre-seed funding led by Markd
Insurtech Cake, a marketplace designed for independent insurance agents, has announced the completion of a $1.3 mn pre-seed funding round
Insurtech Quandri is launched a AI robotic process automation for insurance
Insurtech Quandri is working in the field of robotic process automation (RPA) by offering a specialized solution for the insurance industry
Corvus Insurance updated Tech E+O insurance product
Cyber insurtech Corvus Insurance has updated its Tech E+O (Errors and Omissions) insurance product, now supported by Travelers
iptiQ developed Goboony Motor Day Insurance with a per-day coverage
iptiQ and Goboony introduced an innovative car sharing insurance solution, seamlessly integrated into the Goboony platform
Real estate insurtech Sisu launched Sympli Insurance initiative
Sisu, a real estate software company based in Kaysville, Utah, has recently unveiled Sympli, a groundbreaking initiative aimed at enabling its clients
Insurtech DigitalOwl sequred $12 mn from Reinsurance Group of America
DigitalOwl, an Israeli insurtech startup, has offered an innovative platform that automates the reading, summarization, and analysis of medical records
Insurtech Kin Insurance raised $15 mn from new investor Activate Capital
Insurtech Kin Insurance has secured a investment of $15 million from Activate Capital, a new investor in the company
Insurtech Artificial Labs sequred $10 mn in Series A+ funding round
Insurtech Artificial Labs has raised $10 mn in it’s Series A+ round, following a $5.9 mn investment from Augmentum, Europe’s foremost publicly listed fintech fund
APOLLO Insurance introduced a CreditBuilder solution with Zenbase
APOLLO Insurance, a digital insurance provider in Canada, has introduced a novel feature by partnering with Zenbase, allowing customers to improve their credit ratings
Marsh introduced ReadyCellSM, a novel risk financing solution
Marsh, a global leader in insurance brokerage and risk advising, and part of Marsh McLennan, recently introduced ReadyCellSM, a novel risk financing solution
Hyperexponential raised $73 mn Series B to expand insurance pricing platform
UK insurtech Hyperexponential, the pricing decision intelligence (PDI) software, announced completion of its $73 mn Series B funding
Fintech Vestwell raised $125 mn in Series D for savings platform
Vestwell, a fintech platform for employer and individual savings, has successfully completed a Series D fundraising round, securing a $125 mn
Insurtech SafeEnterprise launched of cyber insurance for autodealers
SafeEnterprise, a cyber insurtech supported by Lloyds of London, is introducing its latest product tailored for the automotive dealership sector
Partech launches €360 mn venture fund to back software & fintech in Europe
Partech launches its successor €360 mn venture fund to back mission-critical software, data and fintech specialists in Europe
Insurtech providers are helping European insurers transform their businesses
European insurers, facing challenging macroeconomic conditions, new market risks, are seeking more agile, tech-savvy approaches to business
TOP 10 insurtech companies in Australia, based on total funding raised
The Australian insurance market is worth $100 bn annually and $7 trln worldwide, offering a massive opportunity for startups
Insurtech OneDegree received new investment for digital asset insurance in UAE
Hong Kong-based crypto assets insurtech OneDegree announced it had received an undisclosed investment amount from Dubai Insurance
Insurtech CyberCube launched new version of Account Manager SaaS solution
Cyber analytics insurtech company CyberCube has launched Version 5.0 (v5) of Account Manager, the software-as-a-service solution
Startup platform Sønr will accelerate innovation for polish insurer PZU
Innovation management platform Sønr is entering a strategic one-year collaboration with insurance group PZU to leverage platform to source startups
Insurtech Surer partnered with digital insurer FWD and Etiqa Insurance
Insurtech Surer announced a partnership with digital insurer FWD Singapore (FWD) that will see them jointly offer a bespoke maid insurance plan
London-based e-bike insurtech Laka raised €7.6 mn
London-based insurtech Laka has raised €7.6 mn in new funding led by French mobility fund Shift4Good. Other investors in the funding include Autotech Ventures
Insurtech Bikmo raises £3.4 mn in Series A expansion
UK insurtech Bikmo, the company that provides coverage to Deliveroo’s fleet of bikes and e-bikes, has successfully secured £3.4 mn in funding
Re/insurtech Ki offers digital follow capacity from multiple Lloyd’s syndicates
Ki, digital and algorithmically driven Lloyd’s syndicate, is pleased to announce that Travelers and Aspen will offer additional follow capacity
Insurtech Clover Health exites from Medicare & Medicaid’s ACO Program
Medicare Advantage insurtech Clover Health has delivered notice to the Centers for Medicare and Medicaid Services that it will be exiting the ACO REACH Program
Insurtech Lami will not acquire Bluewave
Kenyan insurtech firm Lami Technologies announced in 2022 its intent to acquire Bluewave, a fellow startup in the insurance sector
Cloud-based insurtech Novidea launches into the Southeast Asia
Novidea, creator of the cloud-based, data-driven enterprise insurance management platform for brokers, agents, MGAs/MGUs, launched into the Southeast Asian
Insurtech Kota secures $5.2 mn in seed funding to transform employee benefits
Irish insurtech Kota, formerly known as Yonder, an all-in-one platform to automate insurance and retirement benefits for modern teams, secures $5.2 million
Health insurtech CoverSelf extended seed round to $8.2 mn
CoverSelf, an insurtech platform for healthcare claims, has extended its seed round to $8.2 mn, with funding from BEENEXT & 3One4 Capital
Data privacy startup Mine raised $30 mn in Series B co-led by Battery Ventures and PayPal Ventures
Israeli data privacy startup Mine has raised $30 mn in Series B funding, co-led by Battery Ventures and PayPal Ventures
Insurtech Breeze digitalizes cargo insurance process
Insurtech platform Breeze has integrated with international shipping and freight forwarding firm Barrington Freight
Cyber insurtech Enveedo raised $3.15 mn seed funding led by Silverton Partners
Enveedo, a cybersecurity insurtech company with an innovative approach to integrated risk management, announced the closing of its $3.15 mn seed funding round
Insurtech Insurity expanded AI-driven solutions for P&C insurance
Insurity, the insurtech provider of cloud software for insurance carriers, brokers, and MGAs, has expanded an AI-driven solutions for P&C insurance
Pet insurtech Lassie sequred €23 mn in Series B led by Balderton Capital
Pet insurtech Lassie has raised €23 mn in its Series B funding. The financing round led by Balderton Capital, with participation from existing investors such as Felix Capital
Insurtech Ondo raised $1.3 mn through a new placement
UK-based Insurtech Ondo has successfully raised $1.3 mn through a placement completed after the close of the market
Insurtech Cover Genius partnered with online marketplace Catawiki
Insurtech Cover Genius has partnered with Catawiki, the leading online marketplace for special objects, to protect the shipping of special objects
Insurtech Igloo raised $36 mn in pre-Series C round
Insurtech Igloo has raised $36 mn pre-Series C funding round led by global investment firm Eurazeo, with participation from Openspace Ventures
Leading insurtechs launches of the InsurTech Coalition
Insurtechs Boost, Branch, Clearcover, Lemonade and Root Insurance, published an open letter to the insurance industry announcing the launch of the InsurTech Coalition
Insurtech Prima Assicurazioni looks to attract a new minority partner
Italian insurtech Prima Assicurazioni is seeking indicative offers from potential parties for a minority stake in the company
Insurer AXA UK joined forces with insurtech Synectics Solutions
Insurer AXA UK is joining forces with Synectics Solutions, specialises in combating financial crime through innovative technology, including a syndicated fraud database
Insurtech CatX raised a $2.7 mn seed funding for alternative capital platform
CatX, a digital catastrophe and parametric risk exchange reinsurance startup, backed by Y Combinator, has raised a $2.7 mn seed funding round
Insurtech Luko placed in receivership, after €14 mn deal with insurer Admiral fell
Insurtech Luko has been placed in receivership, after deal with incumbent insurer Admiral fell after audits through at the end of October
OpenAI believe Q* could be a breakthrough in Artificial General Intelligence
OpenAI believe Q* could be a breakthrough in the startup’s search for what’s known as artificial general intelligence (AGI)
Insurtech Cover Genius launched travel insurance program for SAS airline’s passengers
Insurtech Cover Genius and scandinavia’s airline SAS announced a new customized travel insurance protection program
Hyperexponential and Akur8 integrates pricing decision intelligence capabilities for insurers
Hyperexponential, intelligence platform for insurers, and AI insurtech Akur8 announce a new partnership that will integrate their complementary pricing decision intelligence
Verisk launches of FairCheck, a solution designed to help insurers
Verisk, a global data analytics and technology provider, announced the launch of FairCheck, a solution designed to help insurers test their personal lines models
Insurtech wefox appointed of Paul Onnen as CTO
Insurtech wefox has announced the appointment of Paul Onnen as Chief Technology Officer (CTO)
Verisk posts consolidated revenues in Q3 2023 grew 11% to $678 mn
Verisk, a global data analytics and technology provider, has posted an increase in its consolidated and organic constant currency (OCC) revenues
Insurtech Root unveiled a partnership with Connect in the UK
Insurtech platform Root Insurance has unveiled its inaugural strategic partnership for the collaboration is to create an embedded insurance platform in the UK
Pet insurtech Fetch announced a partnership with Best Friends Animal Society
Pet insurtech Fetch announced a new partnership with Best Friends Animal Society, a national animal welfare organization
Insurtech Diesta secured $1.9 mn seed funding round
London-based Insurtech Diesta has concluded its seed funding round, securing an impressive $1.9 mn in capital
Insurtech Lemonade Q3 2023 results: $719 mn in-force premium and 2 mn customers
Insurtech Lemonade announced the welcoming of its 2 millionth customer. The pace to achieve the second million customers was 35% faster than the first million
AI intelligence platform Tellius expands partnership with Google Cloud
AI-powered decision intelligence platform Tellius expanded of the partnership with Google Cloud to open a groundbreaking new chapter in analytics
Cyber insurtech Cowbell raised $25 mn financing led by Prosperity7 Ventures
Cowbell, a cyber insurtech for small- and medium-sized enterprises, announced a new $25 mn financing led by Prosperity7 Ventures
Insurtech Wefox raised $55 mn addition funding from Deutsche Bank and UniCredit
Insurtech Wefox has secured a substantial boost with $55 mn in fresh funding from Deutsche Bank and UniCredit as an extension of the $400 mn
Cyber insurtech Corvus agreed to a $435 mn deal to be acquired by Travelers
Corvus Insurance Holdings has agreed to a $435 mn deal to be acquired by P&C insurance giant Travelers, which has approximately 30,000 employees
AI insurtech CLARA Analytics presents insurance claims optimization platform
CLARA Analytics, a provider of artificial intelligence technology for insurance claims optimization, unveiled its CLARAty platform, which advances the insurance claims
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