Insurtech

October 20, 2023 @ 8:36 am By Omar Faridi  |  

bolttech, the international insurtech, announced that it has acquired Digital Care, an embedded protection company based out of Poland. The acquisition is considered to be a major step towards “achieving the Group’s strategic goals in the EMEA region and globally, while accelerating growth, particularly within… Read More

October 19, 2023 @ 11:57 am By JD Alois  |  

iink has raised $12.0 million in Series A financing, according to a  company statement. Investors included Motley Fool Ventures, Chartline Capital Partners, Silver Circle Ventures, and several of iinks’ existing investors. iink is a digital payments network that “expedites the disbursement of funds associated with… Read More

October 16, 2023 @ 9:49 pm By Omar Faridi  |  

EaseMyTrip.com, one of India’s largest online travel platforms, announced its strategic partnership with Cover Genius, the insurtech for embedded protection. By integrating with XCover, Cover Genius’ global distribution platform, EaseMyTrip customers can add Cancel For Any Reason (CFAR) travel protection “along with the embedded comprehensive… Read More

October 9, 2023 @ 10:21 am By Omar Faridi  |  

wefox is stepping up its plans for profitable growth and global expansion with the appointment of Jonathan Wismer as its new Group Chief Financial Officer (CFO) “effective 1 October 2023.” Wismer joins the company’s executive team and “reports to CEO Julian Teicke, founder of wefox.”… Read More

October 9, 2023 @ 8:11 am By Omar Faridi  |  

Getsafe, Europe’s neo-insurer based in Germany, has entered into an agreement to acquire the German customer base of French insurtech Luko. With over 550,000 customers across Germany, the UK, France, and Austria, Getsafe “is rapidly expanding its reach in Europe.” The acquisition covers Luko’s entire… Read More

October 5, 2023 @ 9:53 am By Omar Faridi  |  

wefox, which claims tobe one of the leading insurtech firms, has been appointed as affinity insurance partner by WINDTRE, Italy’s telecommunications business. The company has launched its own insurance agency, WINDTRE Assicurazioni, “to provide insurance directly to its customers.” wefox will provide “a range of… Read More

October 3, 2023 @ 9:55 am By Omar Faridi  |  

UK insurtech, Ripe, achieved strong double-digit growth in 2022, maintaining its 15 year record of consistent revenue rises. Turnover climbed by £4 million to £27.2 million “in the 12 months ending 31 December 2022, compared with £23.3 million in 2021.” Over the course of the… Read More

October 3, 2023 @ 9:07 am By Omar Faridi  |  

Pie Insurance, an Insurtech company specializing in commercial insurance for small businesses, announced the appointment of insurance executive Audra Foglietta as the company’s new chief financial officer (CFO). Foglietta joins Pie during a pivotal period of growth—Pie claims it is one of the fastest growing… Read More

September 29, 2023 @ 8:47 am By Omar Faridi  |  

Employees are behind a widening gap in the cybersecurity of small and medium-sized enterprises (SMEs), a new survey released reveals, “as over three-quarters of SMEs’ C-suite and senior managers admit they have no confidence their teams are operating their own devices securely.” With 54% of… Read More

September 28, 2023 @ 8:02 am By Omar Faridi  |  

TruStage, an insurance, investment and technology provider, built on years of experience providing payment protection solutions to credit unions, announced the availability of its newest lending solution–Payment Guard Insurance. The Payment Guard product is a key innovation in the digital lending / insurance space. It… Read More

September 27, 2023 @ 3:36 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has published a long list of rule changes it intends to pursue. The complete agenda established by the Commission, under the leadership of SEC Chair Gary Gensler, is available here. One of the rule changes near the top is… Read More

September 27, 2023 @ 1:53 pm By Omar Faridi  |  

Bold Penguin has partnered with NEXT Insurance, a technology-first small business insurer, to enhance small business coverage options on the Bold Penguin Terminal. Founded in 2016 by insurance agents for insurance agents, Bold Penguin is on a mission to simplify small commercial insurance “for carriers… Read More

September 24, 2023 @ 12:33 pm By Omar Faridi  |  

Nation-state cyber threat activity will push the boundaries of war exclusion language, warns cyber risk analytics specialist CyberCube. In a report examining selected nation-state cyber hot zones to gain insight into the potential cyber (re)insurance impacts of future cyber wars, CyberCube monitors these hot zones… Read More

September 23, 2023 @ 10:51 am By Omar Faridi  |  

International insurtech bolttech welcomed leading impact investment firm LeapFrog Investments as a new strategic investor in an extension of its Series B round. LeapFrog’s $50 million investment adds to bolttech’s recent Series B funding round, now totaling US$246 million. bolttech will use the proceeds from… Read More

September 23, 2023 @ 10:39 am By Omar Faridi  |  

Continental Assist and baoba Insurtech are joining forces for parametric insurance in Latin American markets. Their partnership will aim to streamline insurance services across Latin America. Together, they’ll introduce innovative parametric products, “with a focus on customer-centric experiences.” They’re starting with a parametric flight delay… Read More

September 22, 2023 @ 1:11 am By Michael Wong  |  

Starting next year, four top insurance companies headquartered in Singapore – AIA Singapore, Income Insurance, Prudential Assurance Company Singapore, and The Great Eastern Life Assurance Company – will undergo heightened capital requirements, the Monetary Authority of Singapore (MAS) has announced. Specifically, the four insurers will… Read More

September 20, 2023 @ 10:08 pm By Omar Faridi  |  

NEXT Insurance, a digital small business insurer, announced a differentiated new offering that will enable agents to fully customize coverage quotes to better meet the needs of their small business clients. NEXT’s Coverage Builder represents “a fundamental leap in allowing agents the ability to micro-tailor… Read More

September 20, 2023 @ 8:44 am By Omar Faridi  |  

has secured funding from Helvetia Venture Fund, the investment arm of the Swiss insurer group Helvetia, tasked with investing in businesses that will shape the future of the insurance industry. Alongside Helvetia, other financial backers reportedly include Autonom and The Mavers. Having raised over €6m… Read More

September 19, 2023 @ 3:41 pm By Omar Faridi  |  

Cowbell, a provider of cyber insurance for small- and medium-sized enterprises (SMEs), today announced its partnership with Zywave, an industry-leading provider of insurtech solutions. The partnership is powered by Herald, a digital infrastructure provider that connects software developers to commercial insurance carriers “through a single… Read More

September 16, 2023 @ 10:15 am By Michael Wong  |  

Hong Kong-based virtual insurer Bowtie has successfully wrapped up a $34.9 million Series B2 funding round, the company has confirmed. The latest financial injection was led by Sun Life Hong Kong Limited, and saw significant contributions from Mitsui & Co., Ltd. Bowtie’s announcement highlighted that… Read More