Insurtech Raincoat raised $4.5m funding for parametric insurance product
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
InsurTech News
Swiss Re Global Business Solutions India and T-Hub expands into the Innovation Hub
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 Metromile
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
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
Insurtech Noldor has secured $10mn in seed funding led by D.E. Shaw
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 raised $8mn to overhaul P&C claims processing
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 has adopted Verisk’s property claims solutions
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
Life Insurtech Bestow partnered with platform Empathy
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 Incubator Gateway has announced the close of its Seed Fund II
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 has announced the closing of an $11 mn Series A
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
Insurtech Zesty raised $33mn as part of oversubscribed Series B
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
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 Precision Claims help insurers to view past claims database
LexisNexis Risk Solutions, the technology-driven risk solutions provider, has launched a new cutting-edge, market-wide contributory claims database
Startup Lassie fetches €11mn for preventative pet insurance
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 $125mn, laid off 25% of staff
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
CyberCube launches cyber aggregation event response service for insurance
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 refine classes of risk & pricing
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 FinTech provider Butterwire
WTW has announced the acquisition of Butterwire – a FinTech provider of data analytics, AI, and machine learning platforms
Lloyd’s Marine & Specialty underwriter is set to back insurtech MiKargo247
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
Digital insurer Wefox closes $400m Series D round
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
Home and Auto insurance Startup Branch raised $147 mn
Branch, a startup offering bundled home and auto insurance, has raised $147 million in Series C funding at a postmoney valuation of $1.05 billion
Insurtech automating insurance platform Akur8 closed funding of $30M
Automating insurance pricing is a big business, and the world of AI is coming at it “full pelt.” The latest is Akur8, an insurtech automating insurance… Read More »Insurtech automating insurance platform Akur8 closed funding of $30M
Spainish insurtech Bdeo closes a Series A round of funding
Bdeo, insurtech company from Spain and Latin America, has closed a Series A round of funding worth €5 million
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Fitch survey shows European insurers turning to private credit for illiquidity premiums, diversification, and ESG goals, as market grows to $2.7tn by 2029
Insurance stocks fell in Q3 while the S&P 500 gained nearly 7%. P&C names lagged, with analysts calling the quarter underwhelming after 2024’s strong run
Global infrastructure faces a $11.5tn gap by 2035, driven by energy transition, AI demand, and urban growth, requiring $4.2tn yearly investment
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