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
InsurTech News
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
Insurtech bolttech will provide device insurance to NJJ telecom
Insurtech bolttech announced a partnership with French entrepreneur Xavier Niel’s NJJ telecom Group to provide device insurance for European mobile operators
Insurtech Flitter raised €3.5 mn funding led by insurer Helvetia
French insurtech Flitter has raised €3.5 mn in a funding round led by Swiss insurer Helvetia, facilitated through its Helvetia Venture Fund
InsurTech Pattern launches of groundbreaking service FlexIt
Pattern, a InsurTech specializing in customized embedded insurance and non-insurance products, has announced the launch of its groundbreaking service, FlexIt
Insurtech Next Insurance raised $265 mn in a strategic investment round
Insurtech unicorn Next Insurance raised a massive $265 mn strategic round from insurance giants Allstate and Allianz’s investment arm, Allianz X
Home insurtech Hippo announced total generated premium growth of 38%
Home insurtech Hippo announced its consolidated financial results for the three months that ended September 30, 2023 – total generated premium (TGP) growth of 38%
Insurtech Sprout AI sequred £5.4 mn to transform claims processing
AI-led insurance claims automation insurtech, Sprout AI, has raised £5.4 mn in a round led by Amadeus Capital Partners and Praetura Ventures
AI fintech startup Statement raised $12 mn in a Seed round
Fintech startup Statement, which has developed a multi-banking, global liquidity management platform, has raised $12 million in a Seed round
Digital wealth management platform Vyzer raised a Seed round of $6.3 mn
Vyzer, an innovative digital wealth management platform, has raised a Seed round of $6.3 mn from leading VCs, angel investors, and family offices including iAngel
Creditors in the Vesttoo bankruptcy case objectes to insurtech’s reorganization
The Official Committee of Unsecured Creditors in the Vesttoo bankruptcy case has voiced its objection to the insurtech startup’s plans to reorganize
Web3 security startup Blockaid sequred a $33 mn funding
Blockaid, a web3 security startup co-founded by two former Israeli military cyber intelligence personnel, has come out of stealth with $33 million in funding
AI-insurtech Assureful closed a $1.5 mn pre-seed funding led by Markd
Insurtech Assureful has closed a $1.5 mn pre-seed funding round led by Markd. The round also included participation from Greenlight Re Innovations
Insurtech AgentSync sequred $50 mn co-led by Craft Ventures and Valor Ventures
Insurtech AgentSync announced an additional $50 mn fundraise co-led by existing investors Craft Ventures and Valor Ventures, bringing the company’s total funding
Home insurtech Hippo initiated layoffs 12% of staff
Roughly a week before the anticipated release of its Q3 2023 results, home insurtech Hippo initiated layoffs affecting approximately 70 employees
Cyber insurtech Upfort raised $8 mn in a Series A led by SYN Ventures
Upfort, a cutting-edge cyber security and insurance platform, has raised $8 mn in a Series A funding round led by SYN Ventures
Boost Insurance launched of new risk transfer platform Boost Re
Full-stack digital insurance platform Boost Insurance has launched of Boost Re, an innovative new risk transfer platform, as the latest component
Cover Genius partnered with Shippo to enhanced insurance solution for merchants
Shippo, the shipping platform for modern e-commerce, and Cover Genius, the insurtech for embedded protection, announced a partnership to enhance the merchant
Insurtech Canopy Connect closed a $6.5 mn Series A funding led by Nevcaut Ventures
Canopy Connect, the insurtech platform for collecting, verifying, and monitoring insurance information, has closed a $6.5 mn Series A funding round
Data insurtech Vellum Insurance sequred $7 mn seed round
Insurtech Vellum Insurance, an analytics and data management platform for the insurance and reinsurance industry, has announced a $7 mn seed round
Insurtech bolttech acquired a embedded protection company Digital Care
International insurtech bolttech has acquired Digital Care, a leading embedded protection company based out of Poland
bolttech partnered with travel company Trip to embed travel insurance
bolttech Insurance, the Hong Kong general insurance arm of international insurtech bolttech, has partnered with leading travel company Trip
Insurtech SkyWatch acquired of the assets of DroneInsurance from REIN
SkyWatch, a specialty InsurTech focused on digital insurance for the aviation industry, announced the acquisition of the assets of DroneInsurance from REIN
Italian insurtech BeSafe raised €1.2 mn for travel insurance platform
Italian insurtech BeSafe Group has raised €1.2 mn to accelerate the development of tech and insurance services for European tourism
SaaS-insurtech Allium Data secured of $750,000 a pre-seed round
Allium Data, a disruptive insurtech startup, announced the close of a pre-seed funding round of $750,000. The funding round comes from Markd
Coinnect among the TOP 15 global insurtechs selected for the NXT by InsurTech Hub Munich
Coinnect, an emerging startup in the Cyber Insurtech sector, announces that it has been selected, among more than 150 start-ups worldwide
SaaS insurtech CoverGo obtains a patent for drag-and-drop product builder
CoverGo, the global SaaS no-code insurance core platform for health, P&C, and life, has recently been granted a patent that recognizes the innovative technology
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