Joachim Müller take over as CEO at insurtech wefox
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
InsurTech News
Regulatory scrutiny in banking-as-a-service. FinTechs looking to get bank charters
FinTech companies are increasingly looking into the possibility of getting bank charters, though few have actually taken the plunge
Insurtech Ledgebrook secured $17 mn in Series B funding
Boston-based Insurtech Ledgebrook has secured of a $17 mn in Series B funding round. This opportunistic raise introduces two esteemed Family Offices to the Ledgebrook cap table
French embedded insurtech NEAT Protect raised €50 mn in Series A
French embedded insurtech NEAT Protect raised €50mn in Series A funding, led by Hedosophia, with support from Mundi Ventures, ETFS Capital
UK-based insurtech Policy Expert secured new backing from PE-firm Cinven
Policy Expert, a home and motor insurtech, has secured new backing from international private equity firm Cinven to fuel its expansion plans
ML insurtech Akur8 acquired Arius, a P&C reserving software
Insurtech Akur8, a machine learning-based insurance pricing solutions, has acquired Arius, a P&C reserving software
Health insurtech Nirvana sequred $24 mn Series A funding
Health insurtech Nirvana, specialising in insurance verification and eligibility with machine learning and artificial intelligence, has sequred $24.2 mn Series A funding
Korint Insurtech sequred €5 mn funding led by Ventech
Korint Insurtech, an emerging digital insurance company, secured €5 mn in a funding round led by venture capital firm Ventech, with continued backing from 360 Capital
Insurtech Insurity partnered with Gain Life to improve the claims process
Insurity, a provider of cloud-based software and analytics for insurance carriers, brokers, and MGAs, has partnered with Gain Life, a firm focused on improving the claims process
ICEYE and Aon enhances real-time disaster data for reinsurers
ICEYE, a satellite-based disaster management provider, announced that Aon has expanded its data licensing agreement. Aon will now include ICEYE’s Flood Insights data
InsuranceDekho launches Heph, a SaaS platform for insurance distribution
Indian insurtech insuranceDekho has launched Heph, a SaaS platform designed to streamline insurance distribution
Real estate AI-startup Placy sequred €1 mn in pre-seed funding
Cypriot real estate AI-startup Placy sequred €1 mn in pre-seed funding led by Zubr Capital, an European Fund regulated by CySEC, focused on investing in high potential IT companies
Risk management platform CultureAI secured $10 mn in Series A
CultureAI, a human risk management platform, secured $10 mn in Series A funding led by Mercia Ventures and Smedvig Ventures
Fintech Jetty migrates to Socotra’s cloud insurtech platform
Insurtech Socotra announced that Jetty, the fintech company on a mission to make renting a home more affordable and accessible, has gone live and migrated Jetty Deposit
Canadian insurtech YouSet secured $2.6 mn in seed funding
Canadian insurtech startup YouSet has secured $2.57 mn in an oversubscribed seed funding round aimed at improving the insurance shopping experience
Insurtech QuickFacts sequred $2 mn funding round led by Sandpiper Ventures
QuickFacts, an insurtech startup dedicated to enhancing efficiency in the insurance industry, sequred of an oversubscribed $2 mn funding round led by Sandpiper Ventures
Fintech Capitalize sequred $19 mn in Series B funding round
Capitalize, the first platform to help consumers and financial institutions digitally find and transfer retirement assets, sequres of a $19 mn Series B funding round
Insurtech Companion Protect sequred $20.3 mn in Series A extension
Companion Protect, a Kansas City-based pet health administration company, announced it has closed a $20.25 mn extension round from Series A investors
Savvy Wealth raised $26.5 mn in Series A led by Canvas Ventures
Wealth management startup Savvy Wealth has raised an additional $15.5 mn as part of its Series A round, bringing the total raised to $26.5 mn led by Canvas Ventures
Insurtech Lemonade’s Q2 2024 results: IFP increased by 22% to $839 mn
Lemonade, a leading insurtech company, has announced its financial results for the second quarter of 2024. In Force Premium (IFP) increased by 22%
Cyber insurtech Inscora raised $2 mn in pre-seed led by Luge Capital
Montreal-based cyber insurtech Inscora has raised $2 mn in funding led by Luge Capital, with participation from Desjardins Capital, Accelia Capital
Startup Chaiz raised $3.7 mn in seed round
Austin-based startup Chaiz, the first comparison marketplace for extended car warranties oversubscribed $3.7 mn seed funding round
Boost Insurance announced a new funding from BHMS Investments
Boost Insurance announced a new equity investment from BHMS Investments, a private firm specializing in middle-market insurance and related businesses
Israeli travel insurtech Faye raised $31 mn in Series B funding
Israeli travel insurtech Faye raised $31 mn in Series B funding, bringing its total funding to $49 mn
Insurtech Gradient AI sequred $56 mn in a Series C funding
Gradient AI, a enterprise software provider of artificial intelligence (AI) solutions in the insurance industry, has raised $56 mn in a Series C
Insurtech Canopy Connect launched new solution for insurance agencies
Insurtech Canopy Connect, an insurance verification technology provider, launched solution for insurance agencies that addresses gaps in the insurance
AI-insurtech CLARA Analytics launched Claims Document Intelligence Pro
Insurtech CLARA Analytics, a provider of artificial intelligence technology for insurance claims optimization, launched Claims Document Intelligence Pro
IRDAI grants approval for InsuranceDekho to enter reinsurance broking
Indian insurtech platform InsuranceDekho has gained approval from the Insurance Regulatory and Development Authority of India (IRDAI) to enter the reinsurance broking
Alphabet is investing $5 bn in Waymo, a self-driving car unit
Alphabet is investing $5 bn in its self-driving car unit, Waymo. This funding will help Waymo build the world’s leading autonomous driving company
Insurtech Zebra acquired digital platform Marble
Insurtech Zebra has acquired digital platform for managing and saving on insurance Marble. The acquisition is effective as of July 25
AI-powered technology company IntelePeer sequred $140 mn
AI-powered technology company IntelePeer has sequred $140 mn in new growth funding and debt financing led by Savant Growth
Insurtech Cowbell sequred €55 mn Series C led by Zurich
Cyber insurtech Cowbell has closed a €55 mn Series C equity round led by Zurich Insurance Group, a global multi-line insurer
Indian insurtech Plum launched Plum Perks, a healthcare benefits
Indian insurtech platform Plum has introduced Plum Perks, a comprehensive healthcare and wellness benefits suite for employees
Lemonade’s Giveback brings $10 mn donations across 86 organizations
AI insurtech Lemonade announced its 2024 Giveback, marking the eighth year of donations to various local and global charities selected by customers
Insurtech Juno sequred an $8.5 mn Series A led by Spero Ventures
Insurtech Juno, the US company to offer child disability insurance, has sequred an $8.5 mn Series A funding round led by Spero Ventures
Verisk introduced ISO Experience Index for insurers
To help insurers, Verisk introduced the ISO Experience Index. This innovative tool modernizes how actuaries analyze risk patterns
Insurtech Otonomi launched Air Cargo Delay Parametric Insurance
Insurtech Otonomi has introduced a new global three-hour Air Cargo Delay Parametric Insurance. This product addresses a critical gap in air cargo insurance
Lloyd’s Lab hosted ‘Demo Day’ for insurtech startups (Cohort 12)
Lloyd’s Lab, an innovation accelerator launched by Lloyd’s of London, hosted ‘Demo Day’ for Cohort 12 of its 10-week Accelerator programme
Cover Genius launched technology-driven travel insurance for Priceline
Priceline and embedded insurtech Cover Genius have announced a new partnership to introduce enhanced travel protection for flights, hotels, rental cars
Insurtech Lemonade launched Buildings & Contents insurance in the UK
Lemonade, the AI-driven insurtech company, has launched Buildings and Contents insurance in the UK. This expansion allows UK homeowners to purchase
Insurtech Wefox changes CEO: Mark Hartigan steps down
Wefox Holding is replacing Chief Executive Officer Mark Hartigan after the insurtech startup’s board rejected a proposal by its largest stakeholder
Insurtech Sidecar Health raised $165 mn Series D led by Koch Disruptive Tech
Sidecar Health raised $165 mn in a Series D funding round led by Koch Disruptive Technologies, supported by GreatPoint Ventures
Eastern Alliance Insurance selected CLARA Analytics’ insurtech platform
Eastern Alliance Insurance Group, a wholly-owned subsidiary of ProAssurance Corporation, has selected the CLARAty:ai platform
Insurtech Feather sequred €6 mn in funding led by Keen Venture
Insurtech Feather, a startup offering digital insurance solutions for expats in Europe, has secured €6 mn in funding. Keen Venture Partners led the round
Novidea acquires automated document generation startup Docomotion
Novidea, a developer of a cloud-based, data-driven insurance management platform, has announced the acquisition of Docomotion
Insurtech Kin achieved $113 mn in written premium in Q1 2024
Kin reported its operating results for the Q1 2024. The company achieved $112.7 million in gross written premium, marking a 53.8% increase
Reinsurtech Supercede sequred $15 mn in a Series A
Digital reinsurance platform Supercede has sequred $15 mn in a Series A funding led by Alven, with participation from Mundi Ventures, Outward, Seedcamp
Insurtech Wopta Assicurazioni closed a €4.1 mn Series A funding
Wopta Assicurazioni, an insurtech MGA focused on protecting businesses and professionals from everyday risks, has closed a €4.1 mn Series A funding round
Insurtech Kin Insurance completed reinsurance program
Insurtech Kin Insurance has announced that the Kin Interinsurance Network and Kin Interinsurance Nexus Exchange have finalized their reinsurance programs
GenAI startup Orby AI secured $30 mn funding in Series A
Orby AI, a startup in the realm of enterprise automation, has secured a $30 million funding round to propel its mission of streamlining mundane processes
Climate insurtech IBISA raised €2.8 mn led by ARAF and Equator
Luxembourg-based climate insurtech IBISA Network has raised a €2.8 mn funding led by The Acumen Resilient Agriculture Fund (ARAF) and Equator
Artificial intelligence presence increased since advent of generative AI tools
Artificial intelligence has been around for decades, but its presence in public consciousness has increased dramatically since the advent of generative AI tools
Insurtech Honeycomb raised cumulative funding to about $55 mn
Honeycomb Insurance sequred $36 mn in Series B led by Zeev Ventures. Honeycomb plans to use its new funding to double its workforce
Insurtech Understory raised a new $15 mn round of Series A
Understory, a Wisconsin-based insurtech, has raised a new $15 mn round of Series A capital co-led by True Ventures and Prelude Ventures
Insurtech Rhino secured 500K committed units to Rhino Integrated
Rhino, the security deposit insurtech, has secured 500,000 committed units to Rhino Integrated, its new user experience offering deposit insurance
Digital platform Amplify Life Insurance raised $20 mn in Series B
Wealth-building digital platform Amplify Life Insurance has raised $20 mn in a Series B funding round co-led by Crosslink Capital and Anthemis
Insurtech ZA Tech, rebranded as Peak3, raised $35 mn Series A
ZA Tech, the insurance core system SaaS provider, has rebranded as Peak3 and has raised a $35 mn in Series A funding led by EQT and Alpha JWC Ventures
Insurtech Pyte raised additional $5 mn led by Myriad Venture
Los Angeles-based insurtech Pyte, specialising in secure computation platforms, has raised an additional $5 mn in funding, bringing its total funding to over $12 mn
AI insurtech Anterior raised $20 mn in Series A at a $95 mn valuation
Anterior, an insurtech company leveraging AI, has raised $20 mn in Series A funding at a $95 mn valuation
Insurtech bolttech partnered with HAVA in Indonesia
International insurtech bolttech has partnered with HAVA, a B2B procurement company in Indonesia to allows HAVA to offer comprehensive device protection solutions
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