InsurTech News

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”

Insurtech Blink Parametric has announced its partnership with AwayCare, a premier Managing General Agent (MGA) provider of travel insurance products

International InsurTech bolttech, a embedded insurance provider, has partnered with digital lifestyle insurer Tune Protect Group to offer device protection solutions

Montreal-based Equisoft, an insurance and investment software developer, has raised $125 million in venture equity

Thailand-based insurtech Roojai has raised $42 mn in a Series B fundraising round led by HDI International, a subsidiary of the German insurance company Talanx Group

Health benefits insurtech for employees Zorro launches out of stealth, along with an $11.5 million seed funding round co-led by Pitango and 10D

Koala, a Paris-based travel insurtech startup, has raised $2.1 mn in a recent funding round led by Insurtech Gateway, an existing investor

Lloyd’s of London announced the 13 InsurTech startups joining the 10th cohort of its innovation hub, the Lloyd’s Lab, following a competitive pitch process

Munich Re Life US announced a new combined risk assessment and e-application solution with insurtech Paperless Solutions Group (PSG)

Home insurtech Kin has conducted a third close, an incremental $15 million, to its Series D round in the fourth quarter of 2022

Cover Whale Insurance Solutions, a commercial trucking insurance provider and fast-growing insurtech announced its partnership with Netradyne

Insurtech Joyn Insurance announced the addition of Brian Duperreault to its board as an independent director, adding decades of insurance industry experience

Indonesian insurtech Fuse, a ISO certified mobile technology platform, has achieved more than 150 mn insurance policies in 2022

Boston-based insurtech Relativity6 has announced the launch of its latest tool, Hazard Flags. New tool uses machine learning algorithms to detect potential risks

Australian insurtech startup Downsizer has raised A$3.75 mn ($2.5 mn) seed capital to accelerate the growth of its unique SaaS platform operating at the intersections

Insurtech Hourly expanded Series A financing from raised $27 million to $32 million led by Glilot Capital Partners through its early growth fund, Glilot+

Insurtech Sure and Esusu Financial are collaborating to provide tenants with renter’s insurance through the Esusu Renters Marketplace.

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