InsurTech News

Germany-based insurtech wefox has raised a total of $110m with a $55m credit facility from J.P. Morgan and Barclays

European insurtech wefox has launched its global affinity business, which connects insurance companies with suppliers to distribute insurance products

Root Insurance shared its Q1 2023 results. The insurtech ended the quarter with 199,685 policies in force, a decrease of 135,588 auto policies (40%)

Insurtech Lemonade shared its Q1 2023 results. The company ended the quarter with 1,856,012 customers, a 23% increase

Insurtech Hippo has announced total generated premium (TGP) growth of 59% to $245 mn in Q1 2023, compared to $154 mn a year ago

Percipience, an insurance data and analytics platform provider is pleased to announce a new partnership with Concirrus, a artificial intelligence insurtech

Moody’s RMS, the leading global catastrophe risk modeling and solutions company, is integrating Nasdaq’s Risk Modelling for Catastrophes (NRMC) service

Range, the all-in-one AI WealthTech platform, had raised $12 mn in funding led by Gradient Ventures, Google’s AI-focused venture fund

Akur8, the next generation insurance pricing solution powered by transparent machine learning, has announced its entrance into an agreement with NEXT Insurance

YellowBird, a EHS and Risk Management technology platform, announced the completion of its $5 mn Seed round funding

Coinnect, cutting-edge Cyber Insurtech, announces its selection to participate in the Plug and Play Batch 10 Insurtech Innovation Program

Insurity, a insurtech provider of cloud-based software for insurance carriers, brokers, and MGAs, will provide its new, cloud-based Sure Underwriting Workbench solution

Global Consumers More Likely to Purchase Event Tickets, Flights and Accommodations if Offered ‘Cancel for Any Reason’ (CFAR) Protection

Insurtech Policygenius is seeking a buyer and is in late stages of sealing a deal. New information suggests this buyer may be Zinnia, formerly SE2

Insurtech Akur8 has announced that P&C mutual insurance company IMT Insurance has selected its Risk and Rate modeling solution to boost the company’s pricing

American Insurtech Axle has developed a universal API for insurance data and is taking an approach of a “Plaid for insurance”

Insurtech Blink Parametric has announced its partnership with AwayCare, a premier Managing General Agent (MGA) provider of travel insurance products

International InsurTech bolttech, a embedded insurance provider, has partnered with digital lifestyle insurer Tune Protect Group to offer device protection solutions

Montreal-based Equisoft, an insurance and investment software developer, has raised $125 million in venture equity

Health benefits insurtech for employees Zorro launches out of stealth, along with an $11.5 million seed funding round co-led by Pitango and 10D

Koala, a Paris-based travel insurtech startup, has raised $2.1 mn in a recent funding round led by Insurtech Gateway, an existing investor

Lloyd’s of London announced the 13 InsurTech startups joining the 10th cohort of its innovation hub, the Lloyd’s Lab, following a competitive pitch process

Munich Re Life US announced a new combined risk assessment and e-application solution with insurtech Paperless Solutions Group (PSG)

Home insurtech Kin has conducted a third close, an incremental $15 million, to its Series D round in the fourth quarter of 2022

Insurtech Joyn Insurance announced the addition of Brian Duperreault to its board as an independent director, adding decades of insurance industry experience

Indonesian insurtech Fuse, a ISO certified mobile technology platform, has achieved more than 150 mn insurance policies in 2022

Boston-based insurtech Relativity6 has announced the launch of its latest tool, Hazard Flags. New tool uses machine learning algorithms to detect potential risks

Australian insurtech startup Downsizer has raised A$3.75 mn ($2.5 mn) seed capital to accelerate the growth of its unique SaaS platform operating at the intersections

Insurtech Hourly expanded Series A financing from raised $27 million to $32 million led by Glilot Capital Partners through its early growth fund, Glilot+

Insurtech Sure and Esusu Financial are collaborating to provide tenants with renter’s insurance through the Esusu Renters Marketplace.

The carrier subsidiaries of two U.S. insurtech companies had substantial majorities of their liquid assets on deposit in accounts at the troubled Silicon Valley Bank

UK-based insurtech Azur Group has agreed to sell its technology services business to its senior managers, backed by prominent angel investors

Assured Allies, the insurtech company for evidence-based successful aging, has closed a $42.5 million Series B funding round, bringing the total capital raised to $65 million

LexisNexis Risk Solutions has enhanced its home insurance AI solution to expedite and improve the home insurance underwriting process

Monnai, a provider of a consumer insights platform for financial organizations, has announced a series A funding round of $6.5 million

San Francisco area-based Life360 is evaluating the impact of Silicon Valley Bank being closed on March 10, 2023 by the California Department of Financial Protection and Innovation

Flock, the London-based insurtech using real-time data to enable and incentivise safer driving, announces it has raised $38 mn in series B funding

Vortex Insurance, an parametric weather insurtech, announced the launch of an innovative insurance program allowing the purchase of supplemental hurricane insurance

Turtlemint’s B2B vertical Turtlefin has acquired insurtech SaaS startup Last Decimal for an undisclosed amount. Bengaluru-based Last Decimal helps insurance companies

Bucharest-based insurtech Veridion (formerly known as Soleadify) announces a $6 million late seed round to expand to the US and further develop their proprietary AI

Insurtech Lemonade has released its fourth quarter and full year 2022 financial results by posting them to its website

Insurtech Root continues to see opportunities to increase new writings from Carvana, as well as scale the platform to new partners