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
InsurTech News
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
South Korean digital insurance carrier Carrot secures $250 mn funding
South Korean digital insurance carrier Carrot General Insurance has secured a fresh funding of $25 million. Led by private equity firm Affirma Capital
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
Wealthy clients think about market swings, insurance gap, global instability, cyber intrusions, extreme weather, and the financial fallout of lawsuits, often all at once
European life insurers replace static SAA spreadsheets with advanced ALM tech to manage risk, capital, and yield under Solvency II and Solvency UK
Japan’s non-life insurance market — a global top-10 player and one of the largest in the region — as it continues to evolve through disciplined underwriting
AM Best shifts U.S. health insurance outlook to Negative, citing higher utilization, medical inflation, GLP-1 drug costs, and shifting Medicaid risk pools