Insurtech

U.S. Insurtech Mile Auto Scores $10.3 Million in Seed Funding to Expand Car Insurance Offering Throughout the Country

  Mile Auto, a U.S.-based insurtech startup, announced on Monday it raised $10.3 million through its seed funding round, which included participation from Ulu Ventures, Emergent Ventures, Thornton Capital, and Sure Ventures. Launched in 2019, Mile Auto describes itself as a next-generation insurtech company that uses computer version… Read More

Hong Kong’s Digital Life Insurance Firm Blue Introduces Campaign for Free Post-Vaccination Protection Until July 31, 2021

Digital life insurance provider Blue has introduced the #WeSupport initiative to offer its clients with free post-vaccination protection from April 8, 2021 to  July 31, 2021. As noted by Blue’s management: “Blue is Hong Kong’s first digital life insurer – in fact we are more… Read More

DeFi Insurance Protocol InsurAce Introduces Multi-Chain Coverage Services on its Ethereum dApp

InsurAce, a DeFi insurance protocol, is introducing multi-chain insurance services on its Ethereum dApp (app.insurace.io), in order to offer insurance coverage to protocols and blockchain platforms like Ethereum, Binance Smart Chain (BSC), Huobi Eco Chain (HECO), Solana, Polygon, and Fantom. As mentioned in the announcement,… Read More

B2B Insurtech Platform Boos Secures $20 Million Through Series B Financing Round led By RRE Ventures

  Boost Insurance, a U.S.-based B2B digital insurance platform, announced on Friday it raised $20 million through its Series B financing round, which was led by RRE Ventures with participation from Fin VC, Gaingels, Hack VC, Greycroft, Coatue, and Conversion Capital. The company raised $37 million since… Read More

U.S.-Based Consumer Insurance Solution Waffle Secures $5 Million Through Seed Funding Round Led By Verve Ventures

Waffle, a U.S.-based consumer insurance solution, announced on Wednesday it raised $5 million through its seed funding round, which was led by Verve Ventures, with participation from BetterLabs Ventures and Techstars. The investment follows Waffle’s official launch in iOS and web, giving availability across all… Read More

Lemonade Accused of Data Leak by Short Seller

In a letter addressed to Lemonade CEO and co-founder Daniel Schrieber, Muddy Waters, a firm who has shorted shares in Lemonade, accused the firm of an “egregious security vulnerability”. The allegation is there is a “security flaw that potentially exposes its customers’ personally identifiable information.”… Read More

Insurtech Hedvig Announces European Expansion, Starts in Denmark

Sweden-based Insurtech Hedvig has announced an expansion across Europe starting with Denmark. Hedvig reports that hundreds of Danes have signed onto Hedvig’s waiting list for a new type of home insurance. The digital-first insurance platform claims that it can manage claims in about eight minutes…. Read More

U.S. Insurtech Super Scores $50 Million Through Series C Funding Round Led By Wells Fargo Strategic Capital

Super, a U.S.-based insurtech startup, announced on Wednesday it raised $50 million through its Series C investment round, which was led by Wells Fargo Strategic Capital with participation from Asahi Kasei, AAA – Auto Club Group, Gaingels, REACH, and the NATIONAL ASSOCIATION OF REALTORS’ strategic technology investment fund. Founded in 2015,… Read More

Joyn Insurance Teams Up With Commit USA to Support New Insurtech Platform

  Commit USA announced on Tuesday it has joined forces with Joyn Insurance to support Joyn’s new insurtech platform. Commit USA reported it was selected to help with both the design and development of the new platform’s user experience. Joyn reported underwrites commercial insurance in the Small and Middle… Read More

Insurtech: Getsafe Looks to Conquer Europe with Digital Alternative to Traditional Insurance

Getsafe is an emerging Insurtech based in Germany with international aspirations. This past December, Getsafe announced a $30 million funding round led by Swiss Re – bringing the company to $53 million in total funding. It was recently reported that Getsafe is looking to raise… Read More

China: WeiyangX Fintech Review

Police in Changsha Receive Salaries in the Form of Digital RMB At present, digital RMB pilots have been conducted in various applications across China. On May 8th, employers at the Kaifu branch of Changsha Municipal Public Security Bureau received their salaries in the form of… Read More

MoneyLion Joins Forces With NFP to Provide Nationwide Insurance & Financial Wellness Offerings to Members

  MoneyLion, a U.S.-based consumer digital finance platform, announced on Thursday it has teamed up with insurance broker NFP to provide its members with direct access to insurance and financial wellness offerings. MoneyLion reported that the offerings are to help its members support their financial… Read More

U.S. Insurtech Insurify Announces New Office in Bulgaria

  Insurify, an AI-powered insurance comparison platform that’s based in the U.S., announced on Thursday it has opened a new office in Bulgaria. The company also revealed it is growing its in-home insurance agency. Founded in 2013, Insurify stated its mission is to fix the broken… Read More

U.S. Insurtech Ethos Raises $200 Million Through Series D Investment Round; Boosts Valuation to $2 Billion

  Insurtech company Ethos announced on Tuesday it secured $200 million through its Series D funding round, which was led by General Catalyst, with participation from Sequoia Capital, Accel, GV (formerly Google Ventures),  Jay-Z’s Roc Nation, and Glade Brook Capital Partners. Ethos reported that the investment round… Read More

France’s Shift Technology, an SaaS Provider of AI based Decision Automation for Insurance, Secures $220M via Series D

France-based Shift Technology, an SaaS provider of AI-enhanced decision automation and optimization solutions for the insurance sector, recently revealed that it has finalized a $220 million Series D funding round. Shift Technology‘s latest investment round brings total investment in the company to $320 million along… Read More

China: WeiyangX Fintech Review

Insurtech Firm Waterdrop Starts Trading on New York Stock Exchange  On May 7th, Waterdrop Inc., China’s leading insurance and healthcare service technology platform, went public on New York Stock Exchange. Founded in 2016, Waterdrop has built an online insurance marketplace (“Shuidibao”) and a medical crowdfunding… Read More

Fintech and Insurtech Startups Accelerator F10 Switzerland to Support Sustainable Finance Initiatives

F10 Switzerland has reportedly graduated its second acceleration batch during an online startup event with several well-known attendees from the investor and corporate sector. F10 Switzerland is now accepting applications for its third accelerator – which aims to support sustainable finance and various services for… Read More

Fintech & Insurtech Vehicle Subscription Platform NXCR Announces Partnership With J.D. Power

  NextCar Holding Company Inc. (NXCR), a fintech and insurtech vehicle subscription platform, announced on Wednesday it has partnered with data analytics and consumer intelligence provider J.D. Power to bring proprietary data solutions, vehicle valuation, and consumer sunlight to support and strengthen its vehicle subscription… Read More

Ping An Insurance Group Remains Commmitted to Finance and Tech Strategy as it Receives Most Valuable Insurance Brand Award

Ping An Insurance has reportedly been named the most valuable insurance brand in the world in the Insurance 2021, 100 Ranking, which is a spot that the company has maintained for the 5th consecutive year. Brand Finance, a brand valuation consultancy firm, valued the Ping… Read More

Expansion: U.S. Insurtech Kin Announces Landlord Insurance Launch in Louisiana

U.S. insurtech startup Kin Insurance announced earlier this week its agency, the Kin Insurance Network Distributor, is launching landlord insurance in Louisiana. As previously reported, Kin describes itself as an insurtech startup and licensed insurance carrier that is on a mission to fix home insurance through… Read More

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