Synatic, a leader in data integration and automation, announced its partnership with Relativity6, an AI-powered company focused on industry classification, to leverage data integration and… Read More »Insurtech Synatic with Relativity6 will help insurance carriers accelerate underwriting
Covr has launched Covr Pro, a digital platform for independent insurance agents offering access to life, long-term care, linked-benefit
Alma, a membership-based network that helps independent mental health care providers accept insurance and “build thriving private practices,” announced $130 million in Series D
Fair Square Medicare, a brokerage helping seniors navigate Medicare Parts A & B, Medicare Advantage, and Medigap, has raised $15 million in Series A funding
Latú Seguros, a Brazilian commercial insurance startup, has closed a $6.7 million pre-seed round led by CRV and Monashees, with the participation of Onevc
Erie Insurance, an auto, home, business and life insurance company based in Pennsylvania, announced the establishment of Erie Strategic Ventures
The popular vacation rental app Airbnb has launched a new travel insurance offering for the guests it serves. The product is live for guests in the US
In partnership with Shipsurance, an Assurant company, ecommerce platform Shopify has introduced a bundled shipping insurance offering for merchants
Qloo, a NY-based company helping brands predict culture and taste preferences of consumers, has raised $15 million in Series B funding from Eldridge and AXA Venture
Provider of credit algorithms for lenders and insurers FairPlay announced the launch of Input Intelligence, a bias detection product for insurance carriers
Insurtech platform Accelerant has launched a new $175 million sidecar investment vehicle, called Flywheel Re. The new sidecar will provide multi-year risk capital
Vesttoo has entered a partnership with Clear Blue Insurance Group to deploy $1bn in reinsurance capacity to Clear Blue’s P&C lines over the next year
GlobalData’s Deals Database reveals that the value of global investments in insurtech fell by 79.6%. This follows a consistent flow of stories of insurtechs struggling in 2022
Insurtech Lemonade has laid off some Metromile employees after closing its acquisition of the company. Lemonade said around 20% of Metromile’s team was affected
ManchesterStory Group to create an COVU – AI-enabled digital platform for insurance agencies. The funding will be used to build and scale COVU (formerly Vero Intelligence)
Vehicle subscription platform Autonomy introduced a digital, month-to-month auto insurance product into the Autonomy subscription bundle, in partnership with insurer Liberty Mutual
Boston-based insurtech, Ledgebrook, has announced that it has raised $4.2M in seed funding to build out its operations with the goal of writing its first policies in Q4 of 2022
London-based insurtech Tractable, which helps insurance companies rapidly process claims with AI, announced a Series D round of $60m and hits unicorn status
The Swedish home insurance startup Hedvig has raised €9,3m from San Francisco based Obvious Ventures and Swedish retailer group Axel Johnson’s venture leg D-Ax
Franch cybersecurity insurtech Stoïk has raised €11m in a Series A round led by US investment giant Andreessen Horowitz (a16z) to roll out its hybrid insurance
Cyber insurance provider Coalition has acquired property and casualty insurer Digital Affect Insurance from Munich Re.
Indian Insurtech Digit Insurance has gone ahead and filed for its IPO, despite the current financial climate that has seen other insurtechs defer the process
Marshmallow announced an $83m Series B, with prominent backers including Passion Capital, Investec Bank and Scor. It values the company at $1.25bn
Tokio Marine has joined forces with Arbor Ventures, a fintech-focused venture capital firm, to accelerate digital transformation and foster innovation
Sapiens International, a provider of software solutions to the insurance industry, has formed a strategic partnership with Shift Technology, the developer of AI-driven decision solutions
Allianz Direct and CHECK24 are launching a strategic partnership in Germany and Spain where consumers in both countries will be able to access Allianz Direct products
Root, the Columbus digital insurer reported a net loss of $90 million for the second quarter ended June 30, but consumed only $40 million of its unrestricted cash
Modern Life, a tech-enabled life insurance brokerage for advisors, has launched with $15mn of seed funding led by Thrive Capital
Pie Insurance, the specialist provider of cover for small businesses, has forged three, key partnerships to drive its solutions in the marketplace
Insurtech Socotra has expanded its team by 63% and also raised $50mn in funding capital in its Series C round
The Australian insurtech Cover Genius has joined forces with leading BNPL provider Zip to offer customers cover on purchases at the point of sale
Gallagher announced the acquisition of Another Day. Terms of the transaction were not disclosed. Another Day is a UK-based risk management organizations
In-force premiums (IFP) Lemonade have risen 54% year on year to reach $458m in Q2 2022. Startup said that (IFP) stood at $297m in Q2 2021 and at $155m in Q2 2020
San Francisco-based startup allowing merchants to offer product protection plans for their customers Extend announced the launch of Shipping Protection
Mobility data company Wejo announced completion of a self-arranged $15.9 million private investment in public equity (PIPE) investment in Wejo
Dutchie, the tech platform powering cannabis commerce, is entering insurance. Last month, the startup raised $350M at a $3.75 billion valuation and it currently serves… Read More »Tech Platform Dutchie developing Cannabis Commerce Insurance
Real estate technology company Rhino announced its partnership with AmTrust Financial to provide an additional $60 mn in premium-writing capacity for its core product offering. AmTrust Financial, an international… Read More »Real estate tech-company Rhino announced its partnership with AmTrust Financial
Kenya’s leading insurtech startups, Lami Technologies, has raised US$3.7mn in a seed extension round led by Harlem Capital – a VC that invests
Dental insurtech Bento has secured US$8.1mn as part of its Series A round led by Boston-based Schooner Capital, as it bids to improve access to… Read More »Dental Insurtech Bento secures $8.1mn as part of its Series A round
Mulberri, a pioneering insurtech and business insurance platform for modern PEOs and brokers, has announced that it has raised a $4 million Series Seed led… Read More »Mulberri – insurtech and business insurance platform, raises $4mn Series Seed
Insurtech-Start-up Raincoat has raised $4.5m in seed funding, the round was led by Anthemis and was further backed by SoftBank Group’s SB Opportunity Fund
Swiss Re Global Business Solutions (GBS) India, the analytical and innovation hub of Swiss Re, will launch a new centre in Hyderabad. The new GBS… Read More »Swiss Re Global Business Solutions India and T-Hub expands into the Innovation Hub
Unicorn-InsurTech Lemonade has finished acquiring per-to-mile neoinsurence company Metromile. Under the terms of the deal, Metromile shareholders received 7.3m Lemonade shares, while Lemonade received a… Read More »Unicorn-InsurTech Lemonade has finished acquiring Metromile
German insurtech Element has secured €21.4mn in Series B funding led by pension fund VZB, taking the total amount raised to date to €88mn. The latest… Read More »German Insurtech Element has secured €21.4mn in Series B funding
Data protection insurtech Noldor has closed a US$10mn seed funding round led by D.E. Shaw as it attempts to redefine how carriers, reinsurers and reinsurance… Read More »Insurtech Noldor has secured $10mn in seed funding led by D.E. Shaw
US insurtech Reserv, a digital-native third-party administrator (TPA), has raised US$8mn in seed funding led by Altai Ventures and Bain Capital Ventures as it seeks… Read More »US Insurtech Reserv raised $8mn to overhaul P&C claims processing
American Farmers & Ranchers Mutual Insurance Company (AFR Insurance) has adopted Verisk’s property claims-handling solutions. AFR Insurance will use Verisk’s property claims-handling ecosystem to help rapidly assign,… Read More »American Farmers & Ranchers Mutual Insurance has adopted Verisk’s property claims solutions
US life insurtech Bestow has partnered with bereavement platform Empathy to provide its customers with greater support when they lose a loved one. Founded in 2020, Empathy was created… Read More »Life Insurtech Bestow partnered with platform Empathy
Insurtech Gateway, a leading industry incubator, has announced the close of its Seed Fund II. The move will enable Insurtech Gateway to support a further… Read More »Insurtech Incubator Gateway has announced the close of its Seed Fund II
InsurTech Koffie Insurance, that focuses on providing financial services to the trucking and transportation sector, has announced the closing of an $11 million Series A,… Read More »InsurTech Koffie has announced the closing of an $11 mn Series A
Climate risk insurtech Zesty.ai, which gives insurers a range of tools including a predictive AI wildfire risk model, has closed a $33mn Series B funding… Read More »Insurtech Zesty raised $33mn as part of oversubscribed Series B
UK-based Insurtech Ondo has forged a partnership with Admiral Insurance to supply 20,000 smart devices to its home insurance Platinum cover customers. The move follows… Read More »UK-based Insurtech Ondo has forged a partnership with Admiral Insurance
LexisNexis Risk Solutions, the technology-driven risk solutions provider, has launched a new cutting-edge, market-wide contributory claims database
PetTech startup Lassie is one of the pioneers in the European pet health insurance market. The Stockholm-based team recently secured €11 million in a round… Read More »Startup Lassie fetches €11mn for preventative pet insurance
Policygenius, an insurtech that raised $125 million in a Series E round less than three months ago, has reportedly laid off about 25% of its… Read More »Policygenius, an insurtech that raised $125mn, laid off 25% of staff
Cyber risk analytics provider CyberCube has today launched CAERS, a new cyber incident response service for clients of the company’s SaaS products. The Cyber Aggregation… Read More »CyberCube launches cyber aggregation event response service for insurance
Big data could be used by insurers to further refine classes of risk and determine better pricing and availability of insurance coverage to ensure a… Read More »Big data could be used by insurers to refine classes of risk & pricing
WTW has announced the acquisition of Butterwire – a FinTech provider of data analytics, AI, and machine learning platforms
Munich Re Syndicate, the Lloyd’s of London Marine & Specialty underwriter of reinsurance giant Munich Re, is set to back MiKargo247, a new insurtech, created… Read More »Lloyd’s Marine & Specialty underwriter is set to back insurtech MiKargo247
Wefox, the Berlin-based digital insurer, has seen its post-money valuation increase to $4.5 billion after the company successfully closed a $400 million Series D funding round
