Insurtech

Covered By SAGE Secures $6 Million Through Seed Funding Round Led By NFX

Covered by SAGE, a modern, tech-enabled Property and Casualty (P&C) insurance brokerage, announced this week it secured $6 million through its latest seed funding round, which was led by NFX with participation from Tectonic Capital and Treasury, the fintech platform launched by Acorns and Betterment Co-Founders…. Read More

Fintech & Insurtech Novae Teams Up With LifeMiles To Introduce Travel Protection Program “Miles Care”

Novae, a U.S.-based fintech and insurtech firm, has formed a new partnership with Latin American airline loyalty program LifeMiles to launch a new travel protection program called Miles Care. According to the duo, the program will enable travelers’ protection for trip cancellation and interruption, delayed… Read More

Insurtech: Singapore-based Axinian, an Insurance Technology Firm, Rebrands itself to “Igloo”, Secures Additional Funding

Singapore-based Axinian, an insurance technology (Insurtech) firm, has reportedly finalized its Series A+ investment round. To date, the company has secured $16 million in capital for its ongoing growth and development. Axinian’s funding round was led by InVent, the corporate venture capital division of Intouch… Read More

John Hancock Partners With Clareto to Improve Insurance Purchase Process

John Hancock Financial announced on Wednesday it has joined forces with Clareto, a provider of digital solutions to acquire and aggregate electronic health data,  improve underwriting speed and efficiency of life insurance purchase processing. Through the collaboration, John Hancock will use Clareto’s network to obtain… Read More

Even Financial Acquires Insurtech LeapLife. Rolls in Insurance Offerings to its Service

Even Financial, a Fintech that helps to match loans to borrowers, has acquired LeapLife – an Insurtech platform – in a move to add more services. Terms of the deal were not disclosed. According to a company release, the addition of LeapLife allows Even to… Read More

Digital Health Insurance Provide Alan Secures €50 Million Through Series C Investment Round

Alan, a France-based independent digital health insurance platform, announced on Monday it secured €50 million through its Series C investment round, which was led by Temasek, a global investment company headquartered in Singapore, with participation from Index Ventures. The funding brings Alan’s total amount raised… Read More

U.S. Insurtech Branch to Give Back 15% of Monthly Insurance Auto Premiums to Policyholders in Response of the COVID-19 Crisis

Branch, a U.S.-based insurtech startup, announced on Monday it is set to give back 15% of monthly insurance premiums to its auto policyholders in response to the COVID-19 pandemic. According to Branch, the compassionate initiative recognizes clients’ reduced driving due to shelter in place orders… Read More

Insurtech: Sprout.ai, an Insurance Technology Firm that Uses AI and Natural Language Processing, Secures $2.5 Million in Capital

UK-based Sprout.ai, an insurance technology (Insurtech) firm previously called BlockClaim, has secured $2.5 million in capital through its second seed round, which was led by Amadeus Capital Partners. Existing investors Playfair Capital and Techstars also took part in Sprout’s latest investment round. The London-headquartered firm… Read More

Insurtech: Dinghy Now Offering 2 Months Free Insurance for Freelancers Impacted by COVID-19 Pandemic

Dinghy, an Insurtech backed by Allianz, is now offering up to 2 months of free professional indemnity insurance until June 14. The program is designed to assist freelancers who are not working and struggling to make ends meet during the COVID-19 pandemic. Dinghy is an… Read More

Insurtech: Lloyds Chooses 12 Promising Insurance Technology Firms to Take Part in its Accelerator Program, Lloyds Lab

The Lloyds of London has reportedly chosen 12 promising, early-stage Insurtech firms to take part in its innovation accelerator program, called Lloyds Lab. The 12 insurance technology startups were chosen out of over 90 companies that had submitted applications, as they were interested in participating… Read More

U.S. Insurtech Kin Insurance Announces New Partnership With Cape Analytics

U.S. insurtech startup Kin Insurance announced earlier this week it has expanded its partnership with property data platform Cape Analytics to improve its online insurance experience with predictive property insights. Through the partnership, Cape Analytics is reportedly providing Kin with the most comprehensive, timely, and… Read More

Evertas Says Crypto Adoption Being Held Back by Lack of Insurance

Cryptoasset insurance company Evertas, formerly doing business as BlockRE, say adoption of crypto and blockchain in general is being held back by lack of a “robust insurance market.” The company cites a survey that claims just over half (55%) of insurance executives it interviewed believe companies… Read More

Following Crowdcube Success UK Insurtech Honcho Secures £1.2 Million Through Latest Investment Round

Following the closing of its equity crowdfunding campaign on Crowdcube, which raised £893,620 in total funding, UK insurtech Honcho announced it raised an additional £1.2 million through its recent investment round. The company reported that between 2018 and 2019 honcho raised £1.8m from a combination… Read More

U.S. Insurtech Corvus Now Offering Cyber Risk Reports to healthcare Entities Responding to COVID-19

Corvus Insurance, a U.S.-based insurtech startup, announced on Wednesday it is now providing cyber risk analysis and reports for hospitals, healthcare entities or any organization on the frontlines of the healthcare response to the COVID-19 pandemic. The company reported that The Corvus initiative, which is… Read More

German Digital Corporate Pension & Life Insurance Provider Xpension raises €25 Million Through Series C Investment Round Led By HPE Growth

Xpension, a German digital corporate pension and life insurance brand, announced on Monday it secured €25 million through its Series C funding round, led by HPE Growth with participation from  Cinco Capital, led by Lars Hinrichs (Founder of XING and Chairman of Xpension), and Armada… Read More

China: WeiyangX Fintech Review

Risk Alert against the Hype of Overseas Virtual Currency Exchanges Back in 2017, the People’s Bank of China (PBC), Cyberspace Administration of China and other 5 ministries published the “Notice on Guarding against Risks of ICOs”, stipulating that virtual currency trading and ICOs are illegal… Read More

Plug and Play Accepts 167 Startups For Summer 2020 Batches

Silicon Valley accelerator, Plug and Play, announced on Thursday the 167 startups chosen for their Summer 2020 Batches. Plug and Play reported the startups were selected by its corporate partner network and will enter one of the accelerator’s programs for the next three months, which… Read More

Insurtech NY Names Agilius & Matterport the Winners of Global Insurtech Competition

Insurtech NY, an insurtech community that is located in the New York metro area, announced on Wednesday the winners of the 2020 Insurtech Competition. As previously reported, more than 200 startups applied to compete in a two-track competition, pitting early and growth-stage companies against each other,… Read More

U.S. Commercial Insurtech Coterie Raises $8.5 Million Through Series A Funding Round Led By RPM Ventures

Coterie, a U.S.-based commercial insurtech, recently announced it secured $8.5 million through its Series A funding round, which was led by RPM Ventures with participation from Allos Ventues, Western & Southern, Intercept Ventures, Frontier Venture Capital, and Sure Ventures. The company previously raised $3.15 million…. Read More

Covid-19 Crisis Response: Investors of European SME Lending Marketplace October Approve 3-month Freeze on Loan Capital Repayment

The management of October, the Paris-headquartered European SME lending marketplace, announced today a three-month freeze on capital repayment in order to support the business continuity of its SME borrowers during the coronavirus crisis. A Capital Reimbursement Freeze The moratorium concerns loans granted by October to… Read More

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