Insurtech

April 30, 2025 @ 1:22 pm By Tony Zerucha  |  

Dream Payments has launched the DreamPay Insurance Payment Hub — a two-way insurance payment network operating across North America, leveraging J.P. Morgan Payments’ capabilities. Insurers can accept premiums from policyholders in both the U.S. and Canada, and issue claims payments to individuals and businesses of every size, using digital… Read More

April 29, 2025 @ 7:15 am By Omar Faridi  |  

CyberCube, a provider of cyber risk analytics for the insurance industry, has revealed a partnership with Galahad Risk Solutions, a specialist brokerage founded by industry veteran Ben Beeson. This collaboration marks a significant step in “helping small to medium-sized enterprises (SMEs) and middle market (MM)… Read More

April 26, 2025 @ 11:02 am By Omar Faridi  |  

Cowbell, a provider of cyber insurance for small and medium-sized enterprises (SMEs) and middle-market businesses, announced the UK launch of Prime One Tech; professional indemnity and cyber coverage for technology companies “with up to £1 billion in annual turnover, providing limits of up to £5… Read More

April 20, 2025 @ 7:11 pm By Tony Zerucha  |  

1Fort, an AI platform for business insurance, has raised $7.5 million in an oversubscribed funding round led by Bonfire Ventures. The round also included Draper Associates (Tim Draper); Karim Atiyeh, the founder of Ramp; and participation from all existing VCs: Village Global, Operator Partners, 8-Bit Capital, Character VC and Company Ventures. This latest round brings the 1Fort total funding to $10… Read More

April 19, 2025 @ 10:52 pm By Omar Faridi  |  

European fintech Pliant has reportedly acquired the Austrian Insurtech hi.health. The acquisition enables Pliant to apply its payment expertise to the insurance sector while “gaining industry-specific know-how.” This marks the company’s second acquisition “following the purchase of Friday Finance in 2023.” hi.health will continue to… Read More

April 16, 2025 @ 8:25 am By Omar Faridi  |  

UK fintech Marshmallow has raised $90 million in a Series C funding round led by Portage Ventures, nearly doubling its valuation to over $2 billion. The investment, a mix of equity and debt, saw participation from BlackRock and Columbia Lake Partners, building on an $85… Read More

April 14, 2025 @ 10:00 am By Tony Zerucha  |  

Occasionally, a Fintech comes along that is truly unique, and Waterlily is one such company. From the problem it tackles to how it tackles it, Waterlily has identified a new (and large) territory with little competition. It serves its clients in a logical, methodical way…. Read More

April 7, 2025 @ 11:59 pm By Omar Faridi  |  

Digital bank Monzo has made a strategic move into the home insurance market, launching a contents insurance product designed to capitalize on growing consumer demand for seamless, app-based financial services. This initiative marks Monzo as one of the first UK digital banks to offer such… Read More

March 28, 2025 @ 11:18 am By Omar Faridi  |  

Cowbell, a provider of cyber insurance for small and medium-sized enterprises (SMEs) and middle-market businesses, has expanded its Cowbell Connectors to over 30 integrations with security and cloud service providers. While many businesses focus solely on outside-in or partial internal data, Cowbell Connectors enhance “cyber… Read More

March 27, 2025 @ 6:27 am By Omar Faridi  |  

Akur8, the artificial intelligence (AI)-based pricing solution dedicated to insurers, announces today that the Covéa Group, an insurance provider in France, has chosen its platform to optimize its pricing processes. This collaboration will enable Covéa to accelerate its pricing cycles, enhance the “accuracy of its… Read More

March 27, 2025 @ 1:52 am By JD Alois  |  

The Spring Statement, delivered by the Chancellor of the Exchequer, Rachel Reeves, provided much policy to ponder. Buried within the documents were references to PISCES, or the Private Intermittent Securities and Capital Exchange System—a private securities marketplace. While still in the works, PISCES aims to provide a… Read More

March 26, 2025 @ 3:57 pm By Omar Faridi  |  

Kin Interinsurance Network, one of the reciprocal exchanges managed by Kin, the direct-to-consumer, digital home insurance provider, announced the successful closure of a $300 million catastrophe bond transaction through Hestia Re Ltd., “marking the reciprocal exchange’s third venture into the insurance-linked securities (ILS) market.” The… Read More

March 26, 2025 @ 9:32 am By Omar Faridi  |  

Lemonade (NYSE: LMND), the digital insurance company powered by AI and social impact, has passed $1 billion of In Force Premium (IFP). According to the announcement from Lemonade, this marks a significant milestone for the Insurtech company, coming just 8.5 years after selling its first… Read More

March 22, 2025 @ 5:24 pm By Omar Faridi  |  

Munich Re and NEXT Insurance have signed a definitive agreement regarding the full acquisition of NEXT Insurance by Munich Re on March 19, 2025. The envisaged transaction will have NEXT Insurance become “part of ERGO, the major primary insurance business of Munich Re.” More than… Read More

March 18, 2025 @ 9:19 am By Tony Zerucha  |  

  Insurance is one of life’s boring necessities, but bolt is livening it up through technology partnerships and industry expertise. The platform works with hundreds of insurers and businesses across industries and operates in more than 35 markets on four continents. Bolt’s financial services vertical… Read More

March 17, 2025 @ 10:07 pm By Omar Faridi  |  

Insurtech bolttech has kicked off 2025 with a series of announcements that underscore its commitment to innovation, ensuring customer protection, and encouraging community engagement. bolttech has recently announced a collaboration with C Spire, a diversified telecommunications and technology services provider, to launch C Spire Tech… Read More

March 11, 2025 @ 8:58 am By JD Alois  |  

Paytech Blink Payment says it has integrated with Paracode, a provider of insurance software. Blink explains that ParaCode provides insurance firms, brokers and others tools like claims management, reporting accounting and other tasks. The company states that the partnership will enable insurance firms to process… Read More

March 7, 2025 @ 4:19 pm By Omar Faridi  |  

Kin, the direct-to-consumer, digital home insurance provider, announced it  expanded into California and offers a home insurance option for the entire state. Building upon a “positive” earnings announcement last week, this is the latest step in Kin’s mission to “provide necessary coverage in markets that… Read More

March 6, 2025 @ 9:52 pm By Omar Faridi  |  

Coalition, the Active Insurance provider designed to prevent digital risk before it strikes, announced a new $30 million equity investment from Mitsui Sumitomo Insurance Co., Ltd. (MSI), a member of MS&AD Insurance Group (MS&AD), the non-life insurer in Japan and across the Asian-Pacific region. The… Read More

March 4, 2025 @ 7:47 pm By Omar Faridi  |  

Akur8, the insurance pricing and reserving solution powered by machine learning, announces that CompSource Mutual Insurance Company, the workers’ compensation insurance carrier in Oklahoma, has chosen Akur8’s Core Platform solution to “enhance their insurance pricing models and improve their overall pricing process.” Akur8’s Core Platform… Read More