Insurtech Parento secures $5.9 mn Seed II to expand paid parental leave insurance
NY-based Parento raises $5.9mn Seed II, bringing total to $10.3mn, to expand paid parental leave insurance and employee support services for US employers
NY-based Parento raises $5.9mn Seed II, bringing total to $10.3mn, to expand paid parental leave insurance and employee support services for US employers
ZestyAI’s new storm risk feature lets insurers adjust risk scores for property upgrades, improving underwriting, rating accuracy, and customer transparency
CatX and Cactus join forces, creating Bermuda’s largest insurance software firm and launching Cactus Risk Studio, an AI-driven platform for risk analysis and transactions
Insurtech Kin just pulled in serious backing. The direct-to-consumer home insurer closed an oversubscribed $50mn Series E round at a $2bn pre-money valuation
AI insurtech CLARA Analytics, the provider of AI technology for insurance claims optimization, launched of CLARA Intelligence-as-a-Service (IaaS)
Insurtech Optalitix has expanded its pricing platform, Optalitix Quote, to serve the reinsurance market, adding tools to model treaty and facultative quotes, manage data
Insurtech Neutrinos has unveiled its AI-Native Coreless System of Execution (CSoE), a platform the company says delivers enterprise-grade intelligent execution through data virtualization and metadata streaming
OneShield, a provider of core insurance technology for property and casualty carriers and MGAs, launched the OneShield AI Hub — a centralized platform for building
Feather, a Berlin-based insurtech, has rolled out its new Car Insurance product, designed for expats across Europe who often face red tape and language hurdles when securing coverage
Insurtech Eleos Life has launched Theea, an AI-driven digital co-pilot designed to guide life insurance customers with clear, real-time support
iPipeline has expanded its Advanced Underwriting feature to all users of its SolutionBuilder platform, aiming to cut friction in life insurance and financial services protection sales
Seed Capital has made its first cybersecurity bet under a new strategy, leading a $5.5mn seed round in Copenhagen-based Moxso. Ugly Duckling Ventures and D2 Fund also joined
Atlanta-based insurtech Sola has raised $8mn in Series A funding, pushing total financing to $11.7mn. The round was led by FINTOP Capital and JAM FINTOP
Insurance fraud costs U.S. consumers an estimated $308.6 bn every year, putting pressure on carriers to adopt more advanced detection systems
Roamly has launched an AI-driven Carshare insurance platform aimed at tackling one of the toughest challenges in shared mobility
Concirrus has become the first insurtech globally to earn ISO/IEC 42001 for AI governance, ISO/IEC 27001 for information security, and SOC 2 compliance
Irish travel technology firm CarTrawler has acquired French insurtech startup Koala, marking its first major move into the insurance technology space
Coalition, the cyber insurance specialist known for its “Active Insurance” model, has entered the French market with the launch of its Active Cyber Insurance product
Lemonade is scaling back its quota share reinsurance from roughly 55% to 20%, a move driven by stronger capital generation and improved underwriting performance
The Vesttoo Creditors Liquidating Trust, established by the U.S. Bankruptcy Court in Delaware, has filed a lawsuit targeting Aon, China Construction Bank (CCB)
Infinity Loop, an AI-native contract intelligence platform for enterprise vendor management, has raised $5mn in a Seed Round led by Glasswing Ventures and TIAA Ventures
Sapiens International Corporation, a SaaS software vendor for the insurance sector, will be acquired by private equity firm Advent in a $2.5bn all-cash deal
ePayPolicy, a provider of digital payment solutions purpose-built for the insurance industry, has secured a strategic investment from private equity firm LLR Partners
Naluri, a digital health insurtech provider focused on employee wellbeing, has raised $5 mn in fresh Series B equity, bringing its total Series B funding to $14 mn
Insurtech Gateway, an incubator focused on early-stage MGAs and SaaS founders, has received authorisation to operate within the Lloyd’s market after securing its Lloyd’s broker licence
GoHealth secured $115 mn in new financing and overhauled its board as it moves to reinforce its standing in the Medicare market
Wholesure, the wholesale brokerage division of Acrisure, has partnered with CyberCube to improve cyber insurance assessments for small and medium-sized businesses
Meanwhile, the Bitcoin-denominated life insurance company, announced the appointment of Michael Grob as Head of International Distribution
Kinetic Insurance, a US-based managing general underwriter, has adopted Novidea’s cloud-native insurance management platform to modernize operations and expand capacity
NFP has deployed Qumis, an AI platform developed by insurance lawyers, to overhaul its property and casualty operations