Insurtech Kanguro launches pet insurance in Florida
Pet insurance startup Kanguro launched in 2021 as the only InsurTech offering an end-to-end customer experience that is 100% bilingual and 100% digital
InsurTech News
Insurtech Kita secured £4mn led by Octopus Ventures to combating climate change
UK-insurtech Kita, focused on reducing the risks associated with carbon purchases, has secured a £4mn funding round
Coalition expanses of cybersecurity insurance for US large enterprise businesses
Cyber insurtech Coalition has announced the expansion of its cybersecurity insurance offering in the US to large enterprise businesses with revenues up to $5 bn
Insurtech Kirontech tackles fraud & waste in medtech & scaling strategy
Medtech and insurtech company Kirontech, has announced the launch of its growth capital fundraise to help accelerate its goal of fixing the $1.2 bn problem
Global InsurTech Market to garner $160 bn by 2030 at 32.7% CAGR
Global insurtech industry was pegged at $16 billion in 2022, and is estimated to generate $160 billion by 2030, growing at a CAGR of 32.7%
Indian insurtech InsuranceDekho raised $150 mn in Series A funding
Indian insurtech InsuranceDekho has raised $150 mn in Series A funding consisting of a mix of equity and debt, in the largest ever series A round by an Indian Insurtech
SaaS insurtech Zylo secured an additional $5 mn in Series C funding
SaaS insurtech Zylo has secured an additional $5 mn in Series C funding from MassMutual Ventures and celebrates key milestones from 2022
How inflation affects U.S. auto and home insurance premium rates?
U.S. auto and homeowners insurance premium rates lagged behind the inflation rate in 2020 and 2021, laying the groundwork for the premium increases
B2B2C insurtech Roadzen mergers with Vahanna Tech Edge Acquisition
Insurtech Roadzen has plans to become a publicly traded company in the US via merger with Vahanna Tech Edge Acquisition in a blank-check vehicle in a deal valued $965mn
Insurtech Kin finished 2022 with $228 mn in gross premium (+117%)
Kin, the direct-to-consumer home insurtech, announced select preliminary operating results through the fourth quarter ended 2022
South African insurtech Naked Insurance raised $17 mn in Series B funding led by IFC
South African insurtech Naked Insurance has raised $17 million in Series B funding led by the International Finance Corporation (IFC)
Israeli insurtech OpenEyes raised $18 mn in Series A funding led by Insight Partners
OpenEyes, an Israeli insurtech startup targeting commercial automotive fleets, has emerged from stealth with $18 mn in Series A funding led by Insight Partners
Insurtech Goose Insurance sequred $4 mn Series A funding led by Axis Insurance
Vancouver-based Insurtech Goose Insurance closed a $4 million Series A funding round led by Axis Insurance Managers, with participation from Impression Ventures
Security deposit insurtech Rhino is exploring $40mn fundraising round
Security deposit alternative insurtech Rhino is exploring $40mn fundraising round in what could end up being a massive down round compared to the ~$500mn valuation
Insurer Saga talks with AI-insurtech Open about sale of Acromas underwriting
UK insurer Saga is in talks with Sydney-based insurtech Open Insurance – best-known for its artificial intelligence-driven brand Huddle – about the sale
Insurtech startup Branch launches condo insurance
Branch Insurance, a full-stack insurtech company, has launched condo insurance, expanding its array of instantly bindable insurance products
Insurtech io:insure – a digital M&A insurance marketplace for SME launched in the UK
M&A tech and InsurTech firm io.insure, which claims to be the world’s first online mergers and acquisitions (M&A) insurance marketplace for SME transactions
SaaS-Insurtech Socotra a 71% increases in revenue for 2022
Insurtech Socotra has reported robust 2022 results, with 71% increase in revenue and a 75% growth in customers
Qonto tapped insurtech Qover to simplify embedded insurance for cardholders
Business finance solution Qonto is using insurtech Qover to simplify and overhaul its embedded insurance programme for cardholders.
Insurtech Vertical Insure raised $6mn in seed round led by reinsurer Greenlight Re
Embedded insurtech startup Vertical Insure has secured a $2mn extension to its seed funding round. Startup is embedded insurance platform built for vertical SaaS
Insurtech Angle Health secured $58mn of Series A funding led by Portage
Insurtech Angle Health Insurance has announced the completion of its Series A funding round, which raised $58mn led by Portage, a global investment platform
Cyber insurtech BOXX Insurance raised $14.4mn in Series B funding
Toronto-headquartered Cyber insurtech BOXX Insurance has raised $14.4mn in Series B funding round led by insurance giant Zurich
Cyber insurtech Baobab raised €3mn from venture fund Augmentum Fintech
Berlin-based cyber insurtech Baobab has raised €3mn from fintech venture capital fund Augmentum to offer cyber insurance to small and medium-sized enterprises (SMEs).
Zurich is opening Innovation Championship for insurtech startups
Zurich Insurance is on the prowl for innovative insurance-related startups as part of its fourth annual startup competition, Zurich Innovation Championship.
Global credit insurer Coface acquired a big data provider Rel8ed Analytics
Global credit insurer Coface is acquiring Rel8ed Analytics. Founded in 2015, Rel8ed is a Canadian company offering predictive analytics, public data, and big data analysis
Insurtech Wefox begun shrinking workforce of around 1,400 employees
According to a report by Süddeutsche Zeitung, Berlin-based digital insurtech wefox has begun shrinking its workforce of around 1,400 employees
Ukrainian insurtech «hotline.finance» shows enormous growth on the market hitted by the War
hotline.finance changed focus from implementing e-commerce and marketing tools to adding new products and new insurance companies to the platform
Pet insurtech Fluffy closed a $450k pre-seed round led by QVentures
Pet care insurtech startup Fluffy has closed a $450k pre-seed round led by QVentures and Techstars
Tractable helps Verisk accelerate insurance claims processing & home repairs
Verisk, a global data analytics provider, is expanding its claims ecosystem by teaming up with Tractable, applied AI company. By integrating with Tractable
WTW introduced ESG Clarified – analytical solutions suite through RiskIQ
WTW, a global advisory, broking and solutions company, introduced ESG Clarified, an analytics platform generating new insights to help organizations better understand
McKinsey acquires AI and machine-learning tech company Iguazio
McKinsey acquires Iguazio, a leader in AI and machine-learning technology. With the addition of Iguazio’s technology and a team of more than 70 data and AI experts
Insurtech Candid with iptiQ entered into a distribution partnership in UK life insurance
UK-based insurtech Candid (part of the Clark Group of companies) and Swiss Re’s iptiQ join forces to provide affordable and accessible life insurance solutions to UK
Lloyds Banking Group has invested £4 mn in insurtech Caura – UK motoring app
Lloyds Banking Group has invested £4 million in Caura, an award-winning all-in-one motoring app designed to take the hassle out of car ownership
Insurtech Betterview has completed a new round of funding led by existing investors
Insurtech Betterview has completed a new round of funding of undisclosed amount led by existing investors EMC Insurance, Guidewire Software, Nationwide, MaidenRE
SaaS insurtech Eazy Digital secured a seed funding led by Wavemaker Partners
Lloyds Banking Group has invested £4 million in Caura, an award-winning all-in-one motoring app designed to take the hassle out of car ownership
Covr offers a digital life insurance platform for Smart Choice agents
Life Insurtech Covr Financial Technologies has partnered with Smart Choice to bring its digital insurance platform for independent agents, Covr Pro, to 9,500 Smart Choice
Insurtech Ladder gives AmeriSave customers the life insurance online
Direct-to-consumer mortgage lender AmeriSave Mortgage Corporation has partnered with Ladder Insurance, giving customers the option to apply for life insurance online
Pathpoint raised $12.5 mn for E&S insurtech-platform for insurance agents
Pathpoint, the digital wholesaler where insurance agents can get bindable small commercial E&S quotes, has raised $12.5 mn in funding from existing investors
AI tech reducing insurance shipping losses ang efficiency in claims management
According to ShipIn Systems, the industry is facing a challenging 2023, with inflation driving up costs for repairs and breakdowns, geopolitical tensions
Life insurtech Dayforward secured $25 mn funding led by AXA Venture
Digital life insurtech startup Dayforward has closed a $25 million funding round led by AXA Venture Partners, with participation from existing investors including HSCM
Insurtech Peppercorn creates the conversational AI insurance assistant
Insurtech Peppercorn has created the “world’s first” conversational AI insurance assistant. Peppercorn’s platform enables customers to benefit from a more responsive
Insurtech SaaS-provider insured:io announced new Payment Center
insured.io, a provider of cloud-based, customer engagement solutions for the insurance industry, has announced the availability of a new payment processing feature, Payment Center
Insurtech Embroker launches AI & ML application ONE to simplify business insurance for startups
Digital business insurance platform Embroker has launched a new data science application, ONE — a universal application that utilizes AI and machine-learning
AI-led insurtech Concirrus launches new Marine Hull Market Model
The AI-led insurtech Concirrus, a data and analytics platform for commercial insurance, has launched its new Marine Hull Market Model – which is currently leading the… Read More »AI-led insurtech Concirrus launches new Marine Hull Market Model
Insurtech TONI Digital secures $12.5 mn in a Series B funding
TONI Digital is a digital insurance-as-a-service provider, offering personal and commercial insurance lines such as motor insurance
SaaS insurtech-platform Liberate raised $7mn led by Eclipse
Liberate Innovations, software-as-a-service (SaaS) platform that enables P&C insurers to fully automate claims and underwriting journeys, has raised $7mn in funding
Fintech Papara launch of pet insurance in Turkey
Papara, the market-leading Turkish fintech, today announces the launch of pet insurance product to users in Turkey
Swiss Re’s digital B2B2C insurer iptiQ and SunLife launch an life insurance for UK
SunLife, part of Phoenix Group, and iptiQ, Swiss Re’s digital B2B2C insurer launch an innovative life insurance product for UK-based customers aged 50 years and above
Austrian insurtech Hi:health raised €6 mn in a pre-Series A financing
Vienna-based insurtech “Hi.health” raised €6 mn in a pre-Series A financing round led by existing investors SpeedInvest and Calm/Storm
Insurtech Hippo Insurance placed of reinsurance program’ 2023
Insurtech Hippo Insurance has placed of its reinsurance program for the 2023 year, which includes a 32% rise in per-occurrence excess of loss (XoL) limit
Insurtech Joyn secured a $17.7 mn Series A funding led by OMERS Ventures
Insurtech Joyn Insurance has announced it exceeded its target with a $17.7 mn Series A funding round led by OMERS Ventures, with participation from SiriusPoint
InsurTech MGA Loadsure received capacity from insurer Tokio Marine Kiln
InsurTech MGA Loadsure has received capacity baking from leading specialist international insurer Tokio Marine Kiln to further enhance
Battleface rolles a new API-driven insurtech platform Robin Assist
Insurtech Battleface has rolled out a new tech-driven platform as a service to support insurance carriers, brokers, managing general agents (MGAs)
Insurtech Cowbell released Modeling Catastrophic Cyber Events
Cowbell, the provider of cyber insurance for small and medium-sized enterprises (SMEs), has released a new whitepaper, “Modeling Catastrophic Cyber Events”
Insurtech XILO raises $6 mn in seed round led by ValueStream Ventures
San Diego insurtech startup XILO offering workflow software for insurance agents and others in the insurance space, capped off 2022 by increasing its seed round
Philly-based insurtech Propeller Bonds raises $6.4 mn in seed funding
Philly-based insurtech, Propeller, has raised $6.4 mn in seed funding led by a consortium of industry partners
How Bolttech, SingLife & ZhongAn revolutionising insurance industry in Asia
The InsurTech industry in Asia is still relatively smaller as compared to the western world of Europe and North America
Insurtech bolttech and Thailand’s mobile operator AIS delivers embedded insurance
Insurtech bolttech and Thailand’s mobile network operator AIS have partnered to deliver embedded protection services including mobile device switch
Insurtech Lumera acquires of a supplier for Dutch pension funds AxyWare
Stockholm-based startup Lumera has acquired AxyWare, a renowned system supplier for Dutch pension funds. Lumera delivers unified policy administration environments
Ondo InsurTech won a new contract with insurer Topdanmark
Ondo InsurTech has won a new contract with insurer Topdanmark, to expand its roll-out to 20,000 new customers in Denmark
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