InsurTech News

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

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

UK-insurtech Kita, focused on reducing the risks associated with carbon purchases, has secured a £4mn funding round

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 has secured an additional $5 mn in Series C funding from MassMutual Ventures and celebrates key milestones from 2022

Kin, the direct-to-consumer home insurtech, announced select preliminary operating results through the fourth quarter ended 2022

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 alternative insurtech Rhino is exploring $40mn fundraising round in what could end up being a massive down round compared to the ~$500mn valuation

Branch Insurance, a full-stack insurtech company, has launched condo insurance, expanding its array of instantly bindable insurance products

Insurtech Socotra has reported robust 2022 results, with 71% increase in revenue and a 75% growth in customers

Business finance solution Qonto is using insurtech Qover to simplify and overhaul its embedded insurance programme for cardholders.

Embedded insurtech startup Vertical Insure has secured a $2mn extension to its seed funding round. Startup is embedded insurance platform built for vertical SaaS

Zurich Insurance is on the prowl for innovative insurance-related startups as part of its fourth annual startup competition, Zurich Innovation Championship.

Pet care insurtech startup Fluffy has closed a $450k pre-seed round led by QVentures and Techstars

WTW, a global advisory, broking and solutions company, introduced ESG Clarified, an analytics platform generating new insights to help organizations better understand

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 of undisclosed amount led by existing investors EMC Insurance, Guidewire Software, Nationwide, MaidenRE

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

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

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

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 has created the “world’s first” conversational AI insurance assistant. Peppercorn’s platform enables customers to benefit from a more responsive

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

Digital business insurance platform Embroker has launched a new data science application, ONE — a universal application that utilizes AI and machine-learning

TONI Digital is a digital insurance-as-a-service provider, offering personal and commercial insurance lines such as motor insurance