CerebrumX incorporates connected vehicle data from Ford to support usage-based insurance
Automotive data company CerebrumX is planning to incorporate connected vehicle data from Ford Motor Company to support its data-driven usage-based insurance
InsurTech News
Sure delivers frictionless digital embedded insurance experience for PorchPals members
Sure has announced a new partnership with PorchPals, a just launched platform that provides affordable porch piracy package insurance
Malaysian InsurTech InsureComFree secured an investment from KTCC
InsureComFree, a Malaysia-based InsurTech, has secured an investment from KT Cap Consulting (KTCC), a Singapore-based management consultancy firm
Pet insurance startup Napo raised £15m in Series A funding
Napo, a UK-based pet insurance startup, has raised £15m in Series A funding in a round led by DN Capital
SaaS-InsurTech Send closed a Series A funding investment of $10m
InsurTech Send Technology Solutions Ltd (Send) has today announced it has closed a Series A funding investment of $10m
Ticker launches its pay-per-mile insurance for low-mileage drivers
European MGA Ticker has launched its pay-per-mile insurance offering for low-mileage drivers. This is the latest product in a suite of connected car propositions
Israeli insurtech Spott launches Pay-As-You-Sell insurance
Israeli insurance startup Spott announced the launch of its Pay-As-You-Sell liability insurance, allowing ecommerce sellers to pay insurance premiums
Pet service Dutch, which raised $20mn, entered the pet insurance
Dutch, a startup offering a pet telemedicine service, has entered the pet insurance space through a partnership with Pets Best
Insurtech Bluezone secures its first-choice global reinsurer to partner
Insurtech Bluezone has secured its first-choice global reinsurer to partner with as it remains on track to launch its first product in the first quarter of 2023
AI-platform ifeel raises €10 mn in Series A funding led by UNIQA Ventures
ifeel, a Madrid-based provider of an emotional wellbeing platform for companies, has raised €10 million in Series A funding led by UNIQA Ventures
General Atlantic leads a new financing round of $100 mn in Indian startup Acko
General Atlantic is in talks to invest about $50 million in Acko, according to TechCrunch, doubling down on its bet on the Indian insurtech
Parametric flood insurtech FloodFlash will expand into the US market
Parametric flood insurtech FloodFlash has announced plans to expand into the US market, led by Mark Hara as CEO for its North America operations
Online Car Rental insurtech Kyte closes a $60 mn Series B round
Kyte, the San Francisco-based insurtech startup that offers a delivery and pick up service for car rentals, has closed a $60 million Series B round
Car insurtech Root Insurance premiums in Q3 2022 decreased by 26% to $151 mn
Root Insurance shared its Q3 2022 results. To further improve cash flow, insurtech is prioritizing resources that support its “go forward strategy.” As a result, the… Read More »Car insurtech Root Insurance premiums in Q3 2022 decreased by 26% to $151 mn
Insurtech Hippo announces TG-premium growth of 36% to $219 mn
Home insurtech Hippo has announced total generated premium (TGP) growth of 36% to $219 million in third quarter of 2022
Digital insurance agency Glow closes a $22.5 mn round of series A
Glow, the digital insurance agency for small businesses, announced that it has closed a $22.5 million round of series A financing led by Cota Capital
Anzen Insurance raises $10 mn in seed financing led by Andreesen Horowitz
San Francisco-based provider of management insurance for high-growth businesses Anzen Insurance has raised $10 million in seed financing led by Andreesen Horowitz
Insurtech Rhino announces agreements with several re/insurers
Rhino announced agreements with several insurance carriers and reinsurers, including Ally Insurance, ReAlign, and Clear Blue Insurance Group
Lemonade in-force premiums rises 76% to reach $609mn
Insurtech Lemonade says that in-force premiums (IFP) with the firm have risen 76% year on year to reach $609m in Q3 2022.
Insurtech Policy Expert releases details of new expansion plans
UK Insurtech Policy Expert, a leading personal lines digital insurance provider, has announced its expansion plans, which include enhancing its technology division
Google Cloud and insurer Travelers creats a connected data ecosystem
Google Cloud and Travelers announced they are working together to create a cloud-based data ecosystem that will quickly synthesize vast amounts of information
Insurtech FRISS launches industry’s first Trust Automation Platform
FRISS announced the launch of their Trust Automation Platform. While trust is important, it’s of ultimate importance in ours – it’s the very concept insurance is built on
Spanish insurtech startup SingularCover has shut down
Spanish small business insurance startup SingularCover has shut down, based on information obtained by Coverager
Multi-mobility platform Cabify partners up with Incode Technologies to enhance driver security
Cabify, the international multi-mobility platform, has joined forces with Incode Technologies, the next-generation identity verification and authentication platform
Amazon launches comparison platform Amazon Insurance Store in UK
Online retail giant Amazon has launched an insurance store where customers can purchase various forms of home cover via its new quote and comparison-style platform
Pet insurance company ManyPets is to acquire US carrier Digital Edge Insurance
Pet insurance firm ManyPets will acquire insurance carrier Digital Edge Insurance, allowing it to underwrite is own policies as it continues its US rollout
Insurtech Lemonade has joined the Association of British Insurers
Digital insurance company Lemonade has joined the Association of British Insurers as its latest member following the firm’s launch in the UK
Swiss Re with insurtech Jooycar boosts auto insurance telematics
Swiss Re has entered an alliance with Latin American insurtech Jooycar to boost auto insurance telematics benefiting small and medium-sized commercial fleets in Mexico
Corvus announced a multi-year partnership with Travelers
Specialty insurance MGA, Corvus Insurance has announced it has entered into a multi-year partnership with Travelers Companies, a provider of personal, business
Bowtie Life Insurance, Take2 and SCOR develops a cancer screening solution
Bowtie Life Insurance Company, Hong Kong’s first virtual insurer, announced its partnership with Take2, a healthcare and biotech company, and SCOR, to develop
Cover Genius raises $70 mn in Series D funding led by Dawn Capital
Cover Genius, the global insurtech for embedded insurance, has raised $70 million in Series D funding led by Dawn Capital, with participation from Atlas Merchant Capital
Health startup Pasito raises $3.3 mn from Google and Y Combinator
Pasito, a startup on a mission to save companies and families money on health and wealth benefits, has raised $3.25 million in seed funding from Google, Y Combinator
ShipIn closes $24 mn Series A funding led by Zeev Ventures, Munich Re and Hyperplane
ShipIn has closed its Series A funding round led by Zeev Ventures, Hyperplane, Munich Re Ventures and others. The company has raised a total of $24 million
Kin Insurance closes of a $145 mn credit facility
Kin Insurance announced the closing of a $145 million committed credit facility. The new facility, which was led by Runway Growth Capital LLC and the Avenue Venture
Insurtech startup Origami raises $6.2 mn for building DAOs
Origami, a startup offering a set of solutions, software, and guidance for building DAOs, has raised $6.2 million in a funding round led by Bloomberg Beta
AXA launches Hong Kong’s Internet of Vehicles (IoV) project collaborated by insurer and taxi
AXA Hong Kong and Macau have announced a partnership with Chung Shing Taxi and TaxiSafely to launch Hong Kong’s very first Internet of Vehicles (IoV) project
UK financial company OneFamily acquires the life insurance brand Beagle Street
Financial services company OneFamily will acquire the life insurance brand Beagle Street, which specialises in reaching underserved customer demographics
Warburg Pincus is investing $350mn to create a new digital insurance platform Oona
American venture capital group Warburg Pincus is investing US$350mn to create a new digital insurance platform for Southeast Asia, called Oona Insurance
US insurtech LuckyTruck raises $2.4mn for commercial trucking insurance platform
US insurtech LuckyTruck has raised US$2.4mn in a seed extension as it continues to overhaul the face of insurance for the trucking industry
Vortex Weather Insurance launches a digital underwriting platform
Vortex Weather Insurance has launched its Weather Insurance Portal, a new fully automated digital insurance platform aimed at the outdoor events industry
Zego partners with Synectics Solutions to automate fight against motor insurance fraud
Commercial motor insurer Zego is automating its fraud detection in response to significant recent growth. The company has recently featured in the FT 1000 list
Insurtech platform Vesttoo closes $80m Series C financing round
Vesttoo, the digital insurance risk transfer and investment platform, has closed its $80m Series C financing round, which it says has raised the valuation of the company to $1bn
Insuritas updates on Lily, its virtual digital insurance assistant
Insuritas provided an update on Lily, its virtual digital insurance assistant that the company has spent the past year developing and embedding across its communication
StateFilings helps insurance companies create products & filings
Dais, the provider of no-code insurance product solutions, and Perr&Knight have teamed up to streamline speed to market for insurance products
Insurtech Relay has partnered with cyber risk analytics platform CyberCube
Relay allows clients to intake, submit and compare quotes digitally. The quotes are then presented in Rely’s Smart Client Proposal
Digital life insurance platform Amplify raises $25mn, backed by Munich Re Ventures
Digital-first life insurance platform Amplify has announced a new investment round led by Munich Re Ventures with follow-on investment by Crosslink Capital, Greycroft
Allianz X is buying embedded insurance pioneer insurtech Simplesurance
Allianz X, the digital investment arm of insurance giant Allianz, is to acquire embedded insurance pioneer Simplesurance
Insurtech Lemonade announces the rollout of P&C insurance in the UK
Insurtech Lemonade has launched services for customers in the UK. The New York-based start-up which is powered by AI and social impact is now available for UK customers
InsurTech YAS Microinsurance secures $4.5mn in a pre-Series A funding round
Hong Kong-based insurtech YAS Microinsurance has secured US$4.5mn in pre-Series A funding led by VC firms Noria Capital, ZEMU VC and JKL Capital
InsurTech leader Lisa Powis will join the Executive Management Team of Got You Covered
The personal lines insurance broker, Got You Covered Ltd, has announced that Lisa Powis will join the Executive Management Team in an advisory role as Non-Executive Director
Munich Re has acquired SaaS insurtech Apinity for the insurance ecosystem
Munich Re has announced a deal for Apinity, a German insurtech startup that supplies API solutions in the form of software-as-a-service (SaaS) to the insurance industry
Swiss Re expandes partnership with healthcare-tech Verily – subsidiary of Alphabet
Swiss Re has expanded its partnership with Verily by exchanging an investment in Granular Insurance Company for an equity stake in Verily.
California-based insurtech Bamboo raises $15mn in Series A led by Eos Venture
California-based US home insurtech Bamboo that offers a range of homeowners, car and personal insurance, has raised $15mn in a Series A funding round
Crop monitoring insurtech PlanetWatchers raises $11 mn for ensuring global supply chains
PlanetWatchers, an insurtech that uses radar and machine learning to provide insights to insurers about changes to a crop, has raised US$11mn in funding of its Series A
FintechOS has partnered with Admiral to power its digital pet insurance products
FintechOS has partnered with UK insurance leader, Admiral, to power its new, digital pet insurance product. FintechOS is a leader in high-productivity fintech infrastructure
Insurtech Wefox: the insurance industry must improve the customer experience
Insurtech Wefox is calling on the insurance industry to improve customer experience and trust in the industry. The insuretech surveyed more than 12,850 consumers
Fannie Mae transferes $700mn of mortgage credit risk to 23 re/insurers
Fannie Mae has announced the transfer of $700m of mortgage credit risk to private re/insurers through its Credit Insurance Risk Transfer (CIRT) 2022 program
Autonomous vehicle technology could revolutionise the mobility space
Safe deployment of autonomous vehicle technology could revolutionise the mobility space, though the insurance industry might not be equipped with the right knowledge
Avanta Ventures announces $225 mn fund for early-stage insurtech startups
Avanta Ventures announced a $225 million early-stage Fund II, bringing its assets under management to over $300 million.
Google Cloud and Travelers Insurance to create a cloud-based data ecosystem
Google Cloud and Travelers announced they are working together to create a cloud-based data ecosystem that will quickly synthesize vast amounts of information
Cloud computing services fall into 4 categories: infrastructure as a service (IaaS), platform as a service (PaaS), serverless, software as a service (SaaS)
Cybersecurity has become a more dynamic field, rapidly adjusting and shifting to keep apace with business inventiveness
Cloud computing is a term that has gained widespread use over the last few years. With the exponential increase in data use that has accompanied society's transition into the digital
Successful cloud migrations depend on knowing where the value for insurance lies in cloud and on business and IT working together