InsurTech News

Insurtech Raincoat has sequred of an additional $6.5 mn seed round bringing its total raised to date to $11 mn

Insurtech Lemonade has partnered with General Catalyst (GC), a leading venture firm and an early investor in Lemonade, to create Synthetic Agents

Carbon insurtech Kita and OxCarbon, a not-for-profit spin-out from the University of Oxford, have signed a Memorandum of Understanding

Data observability insurtech Telmai has raised $5.5 mn in oversubscribed seed funding. The round is co-led by Glasswing Ventures and .406 Ventures

Insurity, a provider of cloud-based software for insurance carriers, brokers, and MGAs, together with e2Value is offering promotional pricing for e2Value’s valuation

Insurtech Intelligent AI has developed the Intelligent Rebuild Cost Validation Platform, which is designed to address the long-standing challenge of underinsurance

Insurtech Precedent, the insurance industry’s first Digitized Demand Handling technology, has closed $9 mn in Seed funding

Insurtech bolttech has announced a partnership with Taiwan Mobile, a telecommunications provider, for a range of personal insurance options for customer

Driver Technologies, an AI-based mobility tech company that delivers a safer, smarter driving experience, announced the closing of a $6 mn funding round

Lloyd’s Lab has entered into an agreement with the Dubai Department of Economy and Tourism (DET) to collaborate on an insurtech accelerator programme

Insurtech startup Insify has completed its Series A extended funding round with another €10 mn. Overall, the startup has raised €25 mn

Insurtech bolt’s turnkey solution integrates protection for smartphones into Bamboo’s existing agent and direct-to-consumer sales journeys

Insurtech Kin Insurance has expanded into Alabama, offering affordable and tailored home and property insurance

AI insurtech Concirrus has extended its partnership with insurers & reinsurers SCOR. The partnership will see Concirrus replace SCOR’s existing data model

New York-based generative AI insurtech Sixfold has raised $6.5 mn in seed funding led by Bessemer Venture Partners and included Crystal Venture Partners

Insurtech Cover Genius expands executive team to support growth of XCover, the insurtech’s consumer site, brings on former Google executive, Kyle Keogh

Insurtech Novidea, a cloud-based, data-driven platform, has raised $50 mn in its latest round of funding led by Battery Ventures

Travel insurtech startup Faye has raised $10 mn in Series A funding just a year after launching its product in the U.S., bringing the company’s total funding to $18mn

Insurtech Kin finished the first quarter of 2023 with $83 mn in gross written premium, which was positively impacted by $33 mn in new bound premium

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”