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.
InsurTech News
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
Indian auto-insurtech Zopper raises $75mn in Series C funding
The New Delhi-based auto-insurtech Zopper raises US$75mn in capital in latest Series C funding drive. Investment round will boost startup’s plans to launch international rollout
UK insurtech ARMD won a place on Lloyds Lab accelerator programme
The UK insurtech startup ARMD has won a place on the latest Lloyds Lab accelerator programme. The innovation lab, which offered a place to nine insurtech startup
Insurtech Inclined raises $15m in a Series A funding round
Fintech startup Inclined has announced it has raised $15m in a Series A funding round. HSCM Ventures led the round, with participation from Anthemis Group
UK insurtech Urban Jungle launches Home and Car Multiline Insurance Cover
UK insurtech startup Urban Jungle has become the first insurtech to offer Car and Home multiline insurance cover
Cyber insurance provider At-Bay acquires insurtech marketplace Relay
Cyber insurance provider At-Bay is to acquire Relay, a Toronto-based technology solutions provider, which has built a dynamic digital placement solution
Insurtech of workers’ compensation Pie Insurance raises a $315 mn in Series D
Pie Insurance, a leading tech-enabled provider of workers’ compensation insurance to small businesses, has raised a $315 million Series D round of funding
Underwriting insurance platform Federato raises $15 mn in Series A funding
Federato, a portfolio strategy and underwriting platform for the insurance industry, has raised $15 million in Series A funding, led by Emergence Capital
AI startup Kanverse signes up to Guidewire’s Insurtech Vanguards programme
A leading hyperautomation platform Kanverse has signed up for Guidewire’s Insurtech Vanguards programme as part of a new innovative strategy
US life insurtech TCARE raises $17mn for aimed at family caregivers
US insurtech platform TCARE, which provides support to family caregivers and offers a “first-of-its-kind” caregiver insurance to protect against the cost of caring
Insurtech Planck raises $23mn for AI-powered data platform for commercial insurers
Insurtech startup Planck, which is building an AI-powered data and analytics platform for commercial insurers, has raised another $23mn
Insurtech Turaco raises $10mn funding from Series A
The Kenyan insurtech Turaco has raised US$10mn in funding from its latest Series A while maintaining a one billion user target and plans to roll out services across Africa
Insurtech Yokahu selected for inclusion in the 9 cohort of the Lloyd’s Lab
Insurtech Yokahu has been selected for inclusion in the ninth cohort of the Lloyd’s Lab to develop a new parametric loan default protection product
Insurtech provider Patra announced a $146 mn growth investment
Patra Corporation announced a $146 million growth investment as part of a recapitalization from FTV Capital, a sector-focused growth equity firm
Duuo Insurance partneres with property management software Tenantcube
Duuo Insurance Services announced a partnership with property management software Tenantcube to allow tenants to get a renters insurance quote through the Tenantcube platform
Insurtech Hippo Insurance cutting 10% of workforce
Israeli-founded insurtech company Hippo has announced that it has laid off 70 employees, which represents approximately 10% of the company’s workforce
German insurtech Ottonova raised €34 mn in Series F financing
German digital private health insurer Ottonova has closed its Series F financing with an equity raise of €34 million. The current round is led by private equity investor
Insurtech Ownli offering a free consumer data monetization platform for insurance industry
Formerly known as Parked, Ownli is a startup founded in 2020 to focus on the insurance industry by offering a free consumer data monetization platform
Data insurtech startup Tarci closes a $17 mn Series A funding round
Tarci, formerly Leadgence, has closed a $17 million Series A funding round which saw participation from Liberty Mutual Strategic Ventures
QBE will underwrite telematics insurtech Zego’s behavior-led fleet product
QBE Insurance will underwrite Zego’s behavior-led fleet product, which leverages telematics data to assess a fleet’s risk profile
Insurtech startup SureBright secures a $2.5 mn pre-seed round
Insurtech startup SureBright has secured a $2.5 million pre-seed round to hire more staff and build out its embedded insurance and warranty solution
SaaS insurance startup MetaMorphoSys raises $3 mn led by fund Capital2B
Business-to-business (B2B) SaaS insurance startup MetaMorphoSys has raised $3 mn in Pre-Series A funding led by Info Edge-backed technology fund Capital2B
Indian InsurTech Digit Insurance to enter life insurance sector
Digit Insurance is entering the life insurance space under the brand Go Digit-Life Insurance. Further, HDFC Bank may invest up to ₹69.9 crore in the company for a ~9.95% stake
RentSpree announced a partnership with Sure to offer renters insurance
Rental management software provider RentSpree announced a partnership with Sure to offer renters insurance to users directly via its platform
Insurtech Previsico launches live flood forecasting alert service in the US
UK-based insurtech Previsico has announced the launch of its live flood forecasting alert service in the US. The launch is in partnership with Nexus Alpha USA
Insurtech Synatic with Relativity6 will help insurance carriers accelerate underwriting
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 launches digital platform for life insurance agents Covr Pro
Covr has launched Covr Pro, a digital platform for independent insurance agents offering access to life, long-term care, linked-benefit
Mental health and insurance network Alma raises $130 mn in Series D
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 raises $15 mn in Series A funding led by Define Ventures
Fair Square Medicare, a brokerage helping seniors navigate Medicare Parts A & B, Medicare Advantage, and Medigap, has raised $15 million in Series A funding
Brazilian InsurTech startup Latú Seguros raises $6.7 mn in pre-seed round
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 launches fund to support entrepreneurs and InsurTechs
Erie Insurance, an auto, home, business and life insurance company based in Pennsylvania, announced the establishment of Erie Strategic Ventures
Rental app Airbnb launches travel insurance offering for the guests
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
Ecommerce platform Shopify launches Included Shipping Insurance
In partnership with Shipsurance, an Assurant company, ecommerce platform Shopify has introduced a bundled shipping insurance offering for merchants
NY-based startup Qloo raised $15mn in Series B funding from AXA Venture
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 insurers FairPlay launches of Input Intelligence
Provider of credit algorithms for lenders and insurers FairPlay announced the launch of Input Intelligence, a bias detection product for insurance carriers
Insurtech Accelerant launches a $175 mn sidecar investment vehicle Flywheel Re
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 deploys $1bn in reinsurance capacity to Clear Blue’s P&C lines
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
InsurTech Investments fell by 80%, leading to job startapers losses
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 lais off some Metromile employees after M&A closing
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
AI-digital platform for insurance agencies COVU closed a $10 mn seed funding
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 platform Autonomy introduced a monthly auto insurance product by Liberty Mutual
Vehicle subscription platform Autonomy introduced a digital, month-to-month auto insurance product into the Autonomy subscription bundle, in partnership with insurer Liberty Mutual
US insurtech Ledgebrook has raised $4.2mn in seed funding
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
AI-Insurtech Tractable announced a Series D round of $60m and hits Unicorn status
London-based insurtech Tractable, which helps insurance companies rapidly process claims with AI, announced a Series D round of $60m and hits unicorn status
Swedish home Insurtech Hedvig raises €9m from Obvious Ventures and D-Ax
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
Insurtech Stoïk raises €11 mn in a Series A round led by Andreessen Horowitz (a16z)
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
Coalition acquires P&C insurer Digital Affect Insurance from Munich Re
Cyber insurance provider Coalition has acquired property and casualty insurer Digital Affect Insurance from Munich Re.
Indian Insurtech unicorn Digit seeking to raise an estimated $440mn, filed its IPO
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, car insurtech, announced an $83m Series B
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 and Arbor Ventures building future of insurtech & digital transformation
Tokio Marine has joined forces with Arbor Ventures, a fintech-focused venture capital firm, to accelerate digital transformation and foster innovation
Sapiens formes a partnership with Shift Technology to provide AI fraud alerts
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 Insurtech CHECK24 launches a strategic partnership in Germany & Spain
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
InsurTech Root announced results: $140mn premium, 298K auto policies
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
Global InsurTech funding rose 19.5% to $5.1 bn, with Q4 driving momentum as deal count and average size increased sharply, marking the first annual increase since 2021
InsurTech moves past disruption narrative, focuses on underwriting, AI, and operational efficiency as funding drops and insurers demand measurable results
The first notice of loss (FNOL) is the starting point for every insurance claim. It sets the tone for the entire claims cycle. And for years, this process has been manual
InsurTech funding crossed a significant milestone in Q2 2025, with $60.8bn raised since records began in 2012. The data reflects the scale of investor appetite over 10Y