Asia is experiencing highest rate of growth in insurtech investments
Asia’s insurtech sector has increased in breadth and depth in recent years. With the region currently poised as the fastest-growing global market for insurtech investmen
Investing News
Insurtech Kota secures $5.2 mn in seed funding to transform employee benefits
Irish insurtech Kota, formerly known as Yonder, an all-in-one platform to automate insurance and retirement benefits for modern teams, secures $5.2 million
Health insurtech CoverSelf extended seed round to $8.2 mn
CoverSelf, an insurtech platform for healthcare claims, has extended its seed round to $8.2 mn, with funding from BEENEXT & 3One4 Capital
Data privacy startup Mine raised $30 mn in Series B co-led by Battery Ventures and PayPal Ventures
Israeli data privacy startup Mine has raised $30 mn in Series B funding, co-led by Battery Ventures and PayPal Ventures
Taiwanese insurance industry have more time to adjust investment strategies
The Taiwanese regulator’s latest adjustments and transitional measures for interest-rate risk will ease the negative spread pressure on life insurers
Pet insurtech Lassie sequred €23 mn in Series B led by Balderton Capital
Pet insurtech Lassie has raised €23 mn in its Series B funding. The financing round led by Balderton Capital, with participation from existing investors such as Felix Capital
Insurtech CatX raised a $2.7 mn seed funding for alternative capital platform
CatX, a digital catastrophe and parametric risk exchange reinsurance startup, backed by Y Combinator, has raised a $2.7 mn seed funding round
Insurtech Luko placed in receivership, after €14 mn deal with insurer Admiral fell
Insurtech Luko has been placed in receivership, after deal with incumbent insurer Admiral fell after audits through at the end of October
Insurtech Wefox raised $55 mn addition funding from Deutsche Bank and UniCredit
Insurtech Wefox has secured a substantial boost with $55 mn in fresh funding from Deutsche Bank and UniCredit as an extension of the $400 mn
45% investors believe the 2024 U.S. elections results will have a bigger impact
45% of investors believe the results of the 2024 U.S. federal elections will have a bigger impact on their retirement plans and portfolios than market performance
Insurtech Next Insurance raised $265 mn in a strategic investment round
Insurtech unicorn Next Insurance raised a massive $265 mn strategic round from insurance giants Allstate and Allianz’s investment arm, Allianz X
Insurtech Sprout AI sequred £5.4 mn to transform claims processing
AI-led insurance claims automation insurtech, Sprout AI, has raised £5.4 mn in a round led by Amadeus Capital Partners and Praetura Ventures
AI fintech startup Statement raised $12 mn in a Seed round
Fintech startup Statement, which has developed a multi-banking, global liquidity management platform, has raised $12 million in a Seed round
Insurtech AgentSync sequred $50 mn co-led by Craft Ventures and Valor Ventures
Insurtech AgentSync announced an additional $50 mn fundraise co-led by existing investors Craft Ventures and Valor Ventures, bringing the company’s total funding
Data insurtech Vellum Insurance sequred $7 mn seed round
Insurtech Vellum Insurance, an analytics and data management platform for the insurance and reinsurance industry, has announced a $7 mn seed round
Italian insurtech BeSafe raised €1.2 mn for travel insurance platform
Italian insurtech BeSafe Group has raised €1.2 mn to accelerate the development of tech and insurance services for European tourism
Insurtech startup Lula raised $35.5 mn in a Series B funding round
Insurtech startup Lula has raised $35.5 mn in a Series B funding round after experiencing a massive surge in customers
Insurtech platform Root raised $1.5 mn funding led by Invenfin
South African insurtech startup Root Platform, the low-code, API-first, end-to-end insurance technology platform provider, has raised $1.5 mn in funding led by Invenfin
Insurtech Safely secured $8 mn in funding led by Highgate Ventures
Insurtech Safely has secured $8 mn in funding, with Highgate Technology Ventures leading the investment and participation from LAGO Innovation Fund
Insurtech Kin secured $33mn in a Series D to go with $109mn funding
US insurtech Kin Insurance has secured a further $33mn in a Series D extension to go with the $109mn of funding that it had already raised
McGill in partnership with FortuneGuard and ARX introduced a new war risk reinsurance facility to provide commercial property coverage in Ukraine
In the US, two major hurricanes and frequent severe thunderstorms accounted for at least two-thirds of the year’s global insured losses, which currently exceed $135 bn
The global economy is poised for further solid expansion. We forecast global real GDP growth at 2.8% in 2025 and 2.7% in 2026, roughly in line with 2024
The London re/insurance market sees a growing push toward digital approaches. Enhanced underwriting stands out as a new direction for companies