Exzeo targets $178 mn in IPO proceeds with $20–$22 share pricing range
HCI subsidiary Exzeo aims to raise up to $177.8M from IPO, projecting Q3 net income up fourfold and managed premiums more than doubling year over year
InsurTech News
Egypt’s SehaTech secures $1.1 mn seed to expand AI-powered health insurance
SehaTech raises $1.1 mn seed round led by Ingressive Capital to scale AI health insurance platform, expand regionally, and improve access to coverage
Carpe Data and Harbor AI team up to speed E&S underwriting with AI insights
Carpe Data and Harbor partner to give E&S insurers faster, cleaner underwriting workflows with AI-driven signals, pricing recommendations, and renewal monitoring
Autonomize AI launched Studio and 100+ Agent Marketplace for healthcare
Autonomize AI unveils AI Studio and 100+ healthcare-native Agents to accelerate workflow automation, governance, and care quality in clinical and operational systems
AI-driven insurer MGT raises $21.6 mn Series B to scale AI-native insurance
AI-driven insurer MGT secures $21.6m in Series B led by Mubadala Capital, funding expansion of E&S operations and next-gen P&C insurance for small businesses
Lemonade proposes near-zero insurance for Tesla Full Self-Driving
Lemonade proposes near-zero insurance for Tesla Full Self-Driving, using direct vehicle integration to cut costs and challenge Tesla’s stalled insurance rollout
NTT DATA acquires Alchemy Technology to expand global insurance modernization
NTT DATA acquires UK-based Alchemy Technology, boosting Guidewire and London Market expertise while expanding digital transformation for insurers worldwide
Liberate secures $50 mn Series B at $300 mn valuation to expand AI insurance automation
Liberate secures $50 mn Series B led by Battery Ventures to scale agentic AI across insurers, boosting sales, slashing costs, and powering 1.3 m automated resolutions monthly
Stand secures $35 mn Series B to expand catastrophe insurance into Florida
Stand, an insurtech startup targeting properties most at risk from natural disasters, has closed a $35m Series B round
Afori launches AI platform for insurance brokers with €4 mn funding
Afori emerges from stealth with €4mn pre-seed led by General Catalyst, building an AI inbox assistant to cut broker admin overload ahead of its 2025 Germany rollout
AdvantageGo debuts Underwriting Workbench v3.0 to modernise P&C insurance workflows
AdvantageGo launches Underwriting Workbench v3.0, bringing AI insights, dynamic workflows, and collaboration tools to insurers across EMEA and North America
Akur8 launches Rate Repo and Deploy to unify actuarial pricing and deployment
Akur8 expands its actuarial suite with Rate Repo and Deploy, offering insurers faster, compliant pricing workflows from model creation to live deployment
Kalepa partners with AmRisc to scale AI-powered underwriting operations
Kalepa and AmRisc form a strategic partnership to boost underwriting efficiency, accuracy, and speed with AI-driven document and submission processing
ClaimSorted raised $13.3 mn to speed up insurance claims with AI-powered TPA
ClaimSorted secures $13.3m seed round led by Atomico to expand its AI-driven claims management platform, cutting costs and boosting speed for insurers worldwide
EIS expands OneSuite with CoreGentic AI to reshape insurance core systems
EIS launches OneSuite powered by CoreGentic, embedding AI and agentic orchestration into core insurance tech to slash costs, boost agility, and cut IT dependence
Socotra launched AI-driven Agentic Configuration to cut insurance product costs
Socotra debuts Agentic Configuration, an AI-powered tool slashing insurance product timelines, cutting costs by up to 75%, and reducing iteration cycles by 90%
Gradient AI partners with Connexure to unify underwriting and risk automation
Gradient AI joins forces with Connexure to merge predictive analytics and workflow automation, helping carriers and MGUs improve underwriting speed and accuracy
DXC launches AI SaaS platform to modernize small and mid-sized insurance brokers
DXC unveils Assure Broking Essentials, an AI-powered SaaS platform helping insurance brokers modernize, cut compliance costs, and improve customer service
California health plan automates provider services with Ushur AI Agent
A top California health plan uses Ushur’s AI Agent to automate benefits, claims, and credentialing support, cutting costs and improving provider satisfaction
AXA Partners and bolttech join forces to expand embedded insurance in Europe
AXA Partners teams with bolttech in a long-term deal to deliver embedded insurance across EU, UK, and Switzerland, targeting telcos, banks, retailers, and OEMs
Irys secures $12.5 mn seed to build AI-native insurance infrastructure
Irys raises $12.5mn led by Markd to expand AI-native insurance platform, scale partnerships, and deliver real-time operations across the US and Canada
HOOTL secures $6.5 mn Series A led by 5IR Funds to cut inefficiencies in healthcare insurance
AI-first startup HOOTL secures $6.5mn Series A led by 5IR Funds to cut inefficiencies in healthcare insurance claims with compliance-driven automation
Xceedance secures Portage investment, lifts funding to $100 mn for AI insurance push
Portage takes minority stake in Xceedance, boosting total funding to $100mn as the insurtech expands AI-enabled solutions and pursues strategic acquisitions
FurtherAI raises $25 mn Series A from a16z to automate insurance workflows
FurtherAI secures $25mn led by Andreessen Horowitz to expand AI-driven insurance workflows, scaling automation for carriers, brokers, and claims teams
Bitcoin life insurer Meanwhile secures $82 mn to expand BTC savings and annuities
Meanwhile, a Bermuda-regulated bitcoin life insurer, raised $82mn led by Bain Capital Crypto and Haun Ventures to expand BTC life insurance and savings products
Lloyd’s and Ireland launch Irish insurtech accelerator cohort for 2026
Lloyd’s and Ireland’s Department of Finance unveil an Irish-themed Lloyd’s Lab cohort in 2026 to drive insurtech growth and showcase Irish expertise globally
Crypto insurtech Anthea raised $22 mn Series A to launch Ethereum life insurance
Crypto life insurer Anthea secures $22mn Series A led by Yunfeng Financial to launch first ETH-denominated life insurance and expand across Asia
Ethos and Neptune Insurance file IPO plans with SEC amid strong earnings
Ethos and Neptune push forward IPO filings with Nasdaq listings, revenue gains, and share details that highlight their insurance-tech growth strategies
Tokio Marine taps OpenAI to embed ChatGPT in insurance operations
Tokio Marine teams up with OpenAI to bring generative AI into sales, contracts, and customer services, aiming for sharper proposals and faster processes
Datavant buys DigitalOwl to push AI medical data into insurance and legal
Datavant acquires DigitalOwl, fusing AI-driven medical data tools with its network to speed claims, legal reviews and healthcare record access
Insurance brokers push debt-financed acquisitions amid slowing growth, Fitch warns credit risks rise but strong cash flow keeps leverage tolerable
Major deals have led global M&A activity in 2024, showing increasing confidence among dealmakers despite geopolitical and economic challenges
Deloitte presents new trends in insurance mergers and acquisitions for 2024-2025, focusing on how economic, regulatory, and strategic factors might shape the future.
Global private equity and venture capital deal value grew in the first quarter, although the volume of transactions declined from the same period in 2023