Insurtech

U.S. Insurtech Hippo Ends Three-Year Partnership With Property Casualty Insurer Topa Insurance

  Topa Insurance, a specialty property-casualty insurer, and U.S. insurtech Hippo Enterprises Inc. announced earlier this week that they have made a mutual decision to transition their partnership. Following the transition, Hippo customer policies with Topa will be underwritten by Spinnaker Insurance Company, a wholly-owned… Read More

U.S. Insurtech CogniSure Debuts AI Platform For Commercial Loss Run Automation

CogniSure AI, an insurtech startup that is focused on providing actionable insights from unstructured insurance documents such as policies, loss runs, quotes, and submission emails, announced on Wednesday the launch of its artificial intelligence (AI) platform for commercial loss run automation. Founded in 2019, CogniSure… Read More

Fintech Zenda.la Becomes First Mexican Company to Get Accepted to the IBM Hyper Protect Accelerator Program

Fintech firm Zenda.la has reportedly become the first Mexican company to get accepted to the IBM Hyper Protect Accelerator program, which is conducted through a partnership with Village Capital. Zenda’s management says that being accepted into the tech giant’s program is “especially relevant as we… Read More

Insurtech Startup Penn River Teams Up With Mantissa Group to Launch ProductHub Platform

Penn River, a U.S. insurtech that’s focused on cloud-based annuity and life administration, announced on Tuesday it has joined forces with management consulting company Mantissa to launch its ProductHub platform. Penn River describes ProductHub as a solution that provides as much as a 30% reduction… Read More

U.S. Insurtech Pie Insurance Announces Launch of Automated Bind Requests in Partner Portal

U.S.-based insurtech startup Pie Insurance announced on Tuesday it is now offering automated bind requests within its recently launched partner portal. Pie Insurance reported that by allowing partner agents to submit requests to bind on eligible submissions within the partner portal, the company is “streamlining”… Read More

Next Insurance Secures $250 Million Through Series D Funding Round Led By CapitalG

Next Insurance, an insurtech seeking to transform small business insurance, announced on Wednesday it secured $250 million through its Series D funding round, which was led by CapitalG, Alphabet’s independent growth fund, with participation from FinTLV, a global insurtech VC, and existing investor Munich RE… Read More

No Code Digital Future: EasySend Raises $16 Million

  EasySend, a company that wants to help insurance companies, banks, and other financial services firms better develop their tech stack with an “AI-powered no-code platform,” has raised $16 million. The Tel Aviv based company reports that the Series A funding was led by Hanaco… Read More

India-Based Insurtech ACKO Secures $60 Million Through Latest Funding Round Led By Munich Re Ventures

  ACKO, a India-based insurtech startup, announced this week it secured $60 million through its latest funding round, which was led by Munich Re Ventures. Founded in 2016, ACKO claims it is India’s first and fastest-growing InsurTech company which makes buying and using insurance effortlessly…. Read More

Money Manager Betterment Teams Up With Insurtech Sure to Provide Cellphone Insurance to Betterment Checking Users

Online financial advisor Betterment announced on Thursday it has formed a partnership with insurtech company Sure to provide cell phone insurance to Betterment Checking users, offering coverage for phone damage or theft. The offering is notably available to any Betterment Checking user that pays their monthly cell bill… Read More

Over 60% of Insurtech Firms are Now Interested in Working with BigTech Companies: Report

Insurance technology (Insurtech) has been evolving rapidly since the past few years. The COVID-19 outbreak has forced the sector to take a serious look at how it communicates with other industry professionals. A new Insurtech report questions and looks into whether agents can work effectively… Read More

Online Insurance Marketplace Policygenius Announces Expansion With Accelerated Life Insurance From Lincoln Financial Group

Policygenius, a U.S.-based online insurance marketplace, announced earlier this week it offering Lincoln TermAccel, which is a new life insurance product from Lincoln Financial Group. Policygenius claims that Lincoln TermAccel provides customers with a new way to access life insurance conveniently and quickly. PolicyGenius also… Read More

SyndicateRoom Co-founder Crowdfunds on Seedrs for New Insurtech Startup Rnwl [u]

Insurtech Rnwl Crowdfunding for Growth Capital SyndicateRoom used to be one of the three top securities crowdfunding platforms in the UK. The Fintech has since morphed into an EIS fund that targets promising early-stage firms being backed by “super angels”. Co-founded by Gonçalo de Vasconcelos,… Read More

Thailand Insurtech Sunday Secures $9 Million Through Series B Bridge Round Led By SCB 10X

Sunday, a Thailand-based insurtech startup, has reportedly raised $9 million through its Series B bridge investment round. According to KrAsia, the investment round was led by SCB 10X, the venture capital arm of the Siam Commercial Bank PCL (SCB), with participation from Vertex Ventures Southeast… Read More

Online Insurance Marketplace Policygenius Announces Life Insurance Price Index Showing Monthly Pricing Data

  Policygenius, a U.S.-based online insurance marketplace, announced on Wednesday the launch of the Policygenius Life Insurance Price Index, which displays average monthly life insurance rates using current data from leading life insurance carriers. Policygenius revealed that the index launches in tandem with Life Insurance Awareness… Read More

President at Ping An Insurance Group of China Says Fintech for SMEs can Streamline Operations, but Need Support from Large Institutions

Chinese insurance giant Ping An recently pointed out that Fintech has the potential to enhance operational efficiency by reducing business costs and lowering certain risks in the financial services sector. Supporting SMEs is one way more established institutions can enable digital transformation across the financial… Read More

Hippo Insurance Announces Expansion to Delaware

  U.S. insurtech startup Hippo Insurance recently announced it launched in the state of Delaware. Founded in 2015, Hippo describes itself as a home insurance company that’s changing the way people safeguard their most important asset. “We’ve reimagined the traditional homeowners insurance policy, removed things that… Read More

German Insurtech Claimsforce Secures €7 Million in Series A Funding

Claimsforce, a Germany-based insurtech startup, reportedly secured €7 million through its Series A investment round, which was led by Notion Capital. According to Verdict, the round saw participation from Fly Ventures, Point Nine, and La Famiglia. Claimsforce explained it is on a mission to create… Read More

U.S. Insurtech Kin Insurance Secured $35 Million Through Series B Funding Round Led By Commerce Ventures

U.S. insurtech startup Kin Insurance announced on Thursday it secured $35 million through its Series B investment round, which was led by  Commerce Ventures with participation from Hudson Structured Capital Management Ltd. (doing its reinsurance business as HSCM Bermuda), Flourish Ventures, QED, Alpha Edison, Allegis… Read More

Online Insurance Marketplace Policygenius Launches Mobile App

Policygenius, a U.S.-based online insurance marketplace, announced on Tuesday the launch of its mobile app, which enables consumers to create wills and trusts conveniently on their phones. Consumers may also shop for life and home insurance from the app, creating a mobile one-stop-shop for key… Read More

Insurtech One Inc, Provider of Digital Payment Platforms for Insurance Sector, Acquires Invenger Technologies

One Inc, a provider of digital payment platforms for the insurance sector, recently revealed that it has acquired Invenger Technologies, Inc., which includes its online claims payment product, Invenger-InsurPay. Karen Furtado, partner at Strategy Meets Action, said that the acquisition of Invenger, including the digital… Read More

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