InsurTech News

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

Medtech and insurtech company Kirontech, has announced the launch of its growth capital fundraise to help accelerate its goal of fixing the $1.2 bn problem

Global insurtech industry was pegged at $16 billion in 2022, and is estimated to generate $160 billion by 2030, growing at a CAGR of 32.7%

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

South African insurtech Naked Insurance has raised $17 million in Series B funding led by the International Finance Corporation (IFC)

OpenEyes, an Israeli insurtech startup targeting commercial automotive fleets, has emerged from stealth with $18 mn in Series A funding led by Insight Partners

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.