Insurtech

March 29, 2024 @ 11:58 am By Omar Faridi  |  

Omnichannel InsurTech Qoala announced the completion of its Series C funding round, raising USD 47 million led by PayPal Ventures and MassMutual Ventures. The investment round was joined “by MUFG Innovation Partners, Ohana Holdings and existing investors, Flourish Ventures, Eurazeo and AppWorks, echoing confidence in… Read More

March 29, 2024 @ 9:45 am By Omar Faridi  |  

Integra Insurance and Reinsurance Broking Services is to become the first Turkish broker to roll out CyberCube’s Broking Manager, the cyber risk analytics platform for insurance intermediaries. Integra reportedly holds a key position in the Turkish market “as the leading cyber insurance broker.” It will… Read More

March 27, 2024 @ 8:34 am By Omar Faridi  |  

Qover, the insurtech firm focused on embedded insurance orchestration, announces its partnership with UK-based credit card Fintech Yonder, offering its members a seamless and comprehensive travel insurance experience. Yonder, a lifestyle credit card with a unique rewards program, claims that it “is elevating the insurance… Read More

March 26, 2024 @ 4:18 pm By Omar Faridi  |  

ZestyAI, the provider of climate and property risk analytics solutions powered by artificial intelligence (AI), unveiled its newest solution “to address the driver of insurance losses – roof claims.” ZestyAI’s Roof Age is a new solution “that pinpoints the age of a roof using data… Read More

March 20, 2024 @ 4:52 pm By Omar Faridi  |  

Akur8, the insurance pricing solution, and Guidewire, the property and casualty (P&C) insurance cloud platform, are excited to announce that the Ready for Guidewire validated Akur8 Accelerator for AI-Powered Pricing is now fully available for both cloud and on-premise users of PolicyCenter, offering a fully… Read More

March 15, 2024 @ 3:04 pm By Omar Faridi  |  

International insurtech bolttech recently announced its expansion into the Middle East with the launch of its partnership with stc Group, the telecommunications company acting as the engine of digital transformation in the region. bolttech’s collaboration with stc Group will “provide stc’s customers with innovative, embedded… Read More

March 14, 2024 @ 12:12 pm By Omar Faridi  |  

Kin, the digital, direct-to-consumer home insurance company, has expanded into Texas and now offers House & Property insurance and mobile home insurance to residents of the Lone Star State. Kin says the insurance crisis sweeping the Gulf Coast is spilling further into Texas, “providing affordable,… Read More

March 11, 2024 @ 5:14 pm By Omar Faridi  |  

Cover Whale Insurance Solutions, Inc., an insurtech specializing in connected insurance for commercial auto insurance, is announcing a strategic partnership with Geotab, a global firm focused on connected transportation solutions providing top-tier telematics and asset tracking capabilities to commercial fleets. Cover Whale is offering its… Read More

March 11, 2024 @ 8:45 am By Omar Faridi  |  

Akur8, the insurance pricing solution powered by Transparent AI, announced that Swedbank has selected Akur8’s pricing platform to enhance its insurance pricing process. By leveraging Akur8’s cloud-based, fully integrated platform, Swedbank is poised “to streamline its insurance pricing process, ensuring accuracy, transparency, and an improved… Read More

March 11, 2024 @ 8:11 am By Omar Faridi  |  

Nation-state cyber threat actors are expected to acquire and flex new offensive cyber capabilities in an increasingly polarized world, warns cyber risk analytics specialist CyberCube. In a new report published recently, CyberCube anticipates there will “be further attempts to compromise IT supply chains and geopolitical… Read More

March 11, 2024 @ 2:11 am By Omar Faridi  |  

PolicyStreet, a regional insurtech company, partners with Direct Lending, a digital lending marketplace platform, to unveil DirectCare+, an embedded personal accident microtakaful with a loan protection feature. DirectCare+ stands as PolicyStreet’s inaugural microtakaful product offering, “solidifying PolicyStreet’s position as the first home-grown insurtech to embark… Read More

March 7, 2024 @ 11:21 am By Omar Faridi  |  

Lemonade (NYSE: LMND) is reporting a strong fourth quarter and an upbeat outlook for 2024. Digital insurance tech firm Lemonade reports the following: Top line: At $747 million, in-force premium (IFP) grew by 20% year on year, while revenue grew 31%. Loss Ratio: At 77%,… Read More

March 7, 2024 @ 8:27 am By Omar Faridi  |  

wefox, an Insurtech firm, has announced the appointment of Mark Hartigan as its Executive Chairman and Chief Executive Officer. Julian Teicke will be transitioning into “the non-executive role of President, and remain Vice Chair of the Board of Directors after nine successful years of steering… Read More

March 2, 2024 @ 1:08 pm By Omar Faridi  |  

Akur8, the insurance pricing solution powered by transparent machine learning, is pleased to announce that Georgia Farm Bureau Mutual Insurance Company, a company offering coverage for farm insurance in addition to virtually every line of insurance in the state of Georgia, has selected Akur8’s Core… Read More

February 28, 2024 @ 10:00 am By JD Alois  |  

B2B Insurtech Coverdash has closed on a $13.5 million Series A funding round, according to a note from the company.  The company notes that this follows a $2.5 million Seed round from last year. Nyca Partners led the funding, joined by existing investors, including Bling… Read More

February 25, 2024 @ 5:44 pm By Michael Wong  |  

Insurtech industry player The Digital Insurer (TDI) has partnered with the Singapore College of Insurance (SCI) to introduce the GenAI Explorer Program, an innovative venture designed to usher in a new era for the insurance sector through the application of generative AI technology. This exclusive… Read More

February 24, 2024 @ 2:17 pm By Omar Faridi  |  

Despite the ongoing seasonal dip in Q4 2023, insurance shopping is likely to remain strong in 2024 according to a recent TransUnion report which suggests insurers “approach marketing similar to pricing in order to target desired prospects.” Personal and auto insurance shopping is “likely to… Read More

February 24, 2024 @ 10:33 am By Omar Faridi  |  

In line with its effort to enhance financial security for Malaysian families, PolicyStreet partners with neobanking service provider Vircle to introduce Vircle Club Protect—an exclusive embedded coverage “for children available to all Vircle VISA prepaid card subscribers.” Vircle, known for its parent-friendly e-money solutions, “empowers… Read More

February 22, 2024 @ 7:11 am By Omar Faridi  |  

wefox, which claims to be among the leading Insurtech firms, has appointed Dominik Ulrich as Chief Risk Officer (CRO), with immediate effect. Prior to this role Mr. Ulrich was working as Head of Internal Audit at wefox. Mr. Ulrich will now be expected to “lead… Read More

February 21, 2024 @ 9:59 pm By Omar Faridi  |  

Akur8, the insurance pricing solution, is pleased to announce that MGS Seguros has chosen its pricing platform. This new collaboration will empower its actuarial and pricing teams “to build powerful, explainable pricing models and establish a robust predictive modeling framework for its auto and home… Read More