Insurtech

SyndicateRoom Founder Gonçalo de Vasconcelos Plans Insurtech Startup Rnwl

Several weeks ago, the co-founder of crowdfunding platform SyndicateRoom and past CEO Gonçalo de Vasconcelos announced his departure from the company. At the time, de Vasconcelos indicated his interest in pursuing another startup. He remains a non-executive director of SyndicateRoom so he is still engaged… Read More

Arch Insurance Set to Acquire Insurtech Ventus Risk Management

Arch Insurance North America announced earlier this week it has entered into a definitive agreement to acquire Ventus Risk Management, a technology and analytics-driven managing general underwriter (MGU) that specializes in providing coastal commercial property insurance solutions to small and mid-sized enterprises. Arch claims that… Read More

U.S. Insurtech Startup ChronWell Secures $2.8 Million Through Latest investment Round

Chronwell, a U.S. insurtech startup for the workers’ compensation industry, announced earlier this week it secured $2.8 million in funding, which brings its total capital raised to $7.8 million Founded in 2017, Chronwell claims it is focused on providing the “highest level” of empathy-driven care… Read More

U.S. Insurtech Slice Teams Up With Sompo to Bring On-Demand Insurance to Asia

Slice Labs Inc., an on-demand insurance cloud platform provider, announced on Wednesday it has entered in a proof-of-value contract with Sompo to bring on-demand insurance to Asia. According to Slice, the new partnership brings on-demand insurance to the Asia Pacific region of Asia, the first… Read More

Blockchain AI Platform Singularity Signs Agreement with People’s Insurance Company of China

Singularity Studio, the for-profit spin-off of SingularityNET (SNET) – a non-profit Netherlands foundation building a decentralized blockchain AI platform, has signed a “Strategic Cooperation Memorandum” with PICC Finance Services. PICC is a subsidiary of the Fintech arm of the People’s Insurance Company of China Holding… Read More

U.S. Insurtech Semsee Completes Pilot Program; Two Dozen Agencies Use Platform to Quote Business Owners Policies & epsent $450,000 in Premiums

Semsee, a U.S.-based insurtech startup that is focused on streamlining workflows for independent insurance agents and wholesalers, announced today the end of a successful three-month pilot program. Founded in 2017, Sense describes itself as an independent insurance agent’s go-to platform for quoting small commercial business… Read More

Trov Debuts White-Label Insurtech Platform; Forms New Partnership With Lloyds Banking Group

Trov, a U.S.-based insurtech company, announced on Thursday it is officially launching its platform that provides end-to-end digital, white-labeled insurance products designed to be rapidly deployed by financial organizations and insurers. Along with the platform, Trov also reported it has formed a partnership with Lloyd’s Banking… Read More

ZhongAn and KPMG Partner on Insurtech Report: “New Insurance” is the Future

ZhongAn Fintech Institute and KPMG China have joined together to publish a report, Insurtech: Infrastructure for New Insurance, on the fast emerging Insurtech marketplace. ZhongAn is an online-only Insurtech firm backed by some of the biggest names in China tech. ZhongAn trades on the Hong… Read More

Insurtech Assurely to Provide Insurance for PrefLogic on Security Token Offerings

InsurTech Assurely has partnered with PrefLogic to advance the digital securities market. PrefLogic will integrate Assurely’s TigerMark insurance policy. This means that security token issuers will be protected from covered investor complaints and legal attacks while investors will have the ability to leverage the company’s… Read More

Scotiabank Announces Bancassurance Strategic Alliance With Insurance Unit BNP Paribas Cardif in Pacific Alliance Countries

Scotiabank announced on Thursday it has formed a partnership with BNP Paribas Cardif, the insurance unit of BNP Paribas, as part of its efforts to bring more customer-centric solutions to its customers in the Pacific Alliance Countries. According to Scotiabank, the partnership involves the development… Read More

Insurtech Startup Hippo Insurance Secures $100 Million Through Series D Funding Round Led by Bond

Insurtech startup Hippo Insurance announced on Wednesday it secured $100 million Series D funding round led by Bond, a global technology investment firm founded by Mary Meeker, Mood Rowghani, Noah Knauf and Juliet de Baubigny. Hippo reported that since its launch in 2017, its “modern take”… Read More

Arturo Announces New Partnership with Insurtech Hippo Insurance

Arturo, a deep-learning property analytics company incubated within American Family Insurance, recently announced it has formed a partnership with insurtech startup Hippo Insurance.  Arturo reported that its property analysis capabilities, which provides near-real-time physical property characteristics, now integrates with Hippo’s proprietary policy management system. “Arturo’s… Read More

China Lending Announces New Partnership With Rui Xin Insurance Technology

China Lending Corporation (NASDAQ: CLDC), a non-bank financial corporation servicing micro, small and medium-sized enterprises in China, announced earlier this week it has entered into a five-year strategic partnership agreement with Rui Xin Insurance Technology (Ningbo) Co., Ltd, a fintech company providing comprehensive insurance solutions…. Read More

Insurtech ZhongAn Online Shuffles Executive Leadership

ZhongAn Online P & C Insurance Co. Ltd. (6060:HK), a Chinese Insurtech backed by Alibaba founder Jack Ma and Tencent founder Pony Ma, has announced multiple changes to its executive leadership. ZhongAn went public in Hong Kong in 2017. At that time, it was Hong… Read More

Austrian Insurtech Startup bsurance Announces Cashpresso As New Cooperation Partner

Austria-based Insurtech startup bsurance announced this week it has named Fintech startup cashpresso, also from Austria, as a cooperation partner. Through the partnership, the digital insurance solution from bsurance will enable an automatic buyer protection for cashpresso. bsurance reported the insurance product is provided by… Read More

UK Insurtech AkinovA Announces Launch of Series B Investment Round

AkinovA, a UK-based insurtech, announced last week it is now seeking funds through its Series B investment round. Founded in 2017, AkinovA is building an electronic marketplace for the transfer and trading of (re)insurance risks. “By working in collaboration and partnership with the insurance industry,… Read More

MetLife Announces Second Class Selected For MetLife Digital Accelerator

MetLife announced on Monday the second class of nine companies selected to participate in the MetLife Digital Accelerator powered by Techstars. According to MetLife, the accelerator connects startups with MetLife leaders and Techstars mentors for an intensive 13-week program focused on fast-tracking technologies with the… Read More

SafeCharge Teams Up With Visa to Provide Insurtech Company Setoo With Insurance Payouts

SafeCharge (AIM: SCH) announced last week it has formed a new partnership with Visa Direct, Visa’s real-time push payments platform, to help provide what it claims to be faster payouts for insurance-as-a-service company, Setoo. According to SafeCharge, Visa Direct enables businesses to push funds disbursements… Read More

China: WeiyangX Fintech Review

China’s State Council Approves the Research and Development of CBDC At the launching ceremony and the first academic seminar of the Digital Finance Open Research Project held on July 8th, Wang Xin, director of the Research Bureau of the People’s Bank of China, revealed that… Read More

Insurtech Lemonade Raises $175 Million, Looks for $125 Million More

Lemonade, a fast-growing Insurtech focusing on homeowners and renters insurance, has raised $175 million according to a Form D filed with the Securities and Exchange Commission (SEC). The document indicates that Lemonade is seeking up to $300 million in equity capital. As it stands today,… Read More

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