Insurtech

February 21, 2024 @ 9:58 pm By Omar Faridi  |  

HealthCARE of Iowa, a professional consulting partner with over 80 years of combined experience in providing consulting services for Senior Living environments, has partnered with DailyPay – the on-demand pay solution. Through this partnership, HealthCARE of Iowa is “modernizing its benefits offerings by providing the… Read More

February 19, 2024 @ 10:43 pm By Omar Faridi  |  

Kin, the digital, direct-to-consumer home insurance company, today announced operating results through the fourth quarter ended December 31, 2023. Kin is reporting that it has “finished 2023 with $344.1 million in gross written premium and $104.5 million in total revenue.” Kin’s operating income landed at… Read More

February 14, 2024 @ 8:32 am By Omar Faridi  |  

wefox and Wind Tre have selected HDI Embedded as an insurance partner. The partnership enables greater coverage and “extended warranty solutions for customers of Italian mobile operator Wind Tre.” wefox, which claims to be the world’s leading insurtech, and Wind Tre, the Italian multi-service operator… Read More

February 13, 2024 @ 9:04 am By Omar Faridi  |  

Private equity investor LDC has invested in the Insurtech business Uinsure. Founded in 2007, Uinsure is a cloud-based tech platform “that connects financial intermediaries and lenders with a panel of the UK’s insurers, enabling its customers to arrange cover through a frictionless platform that has… Read More

February 13, 2024 @ 8:26 am By Omar Faridi  |  

Shepherd, an insurance provider for commercial construction, announced today it raised a $13.5 million Series A funding round led by Costanoa Ventures with participation from Intact Ventures, Era Ventures, Greenlight Re and Spark Capital. Shepherd combines insurance together “with software to help contractors save on… Read More

February 12, 2024 @ 8:27 am By Omar Faridi  |  

Global Insurtech funding and deals slide to 6-year lows in 2023, according to an update shared by CBInsights. Insurtech startups had a “brutal” 2023, with funding and deals reaching 6-year lows — in line with the broader venture slowdown, the team at CBInsights noted. Nevertheless,… Read More

February 7, 2024 @ 12:08 pm By Omar Faridi  |  

Kin, the digital, direct-to-consumer home insurance company, announced the closing of $15 million in financing from new investor Activate Capital, a growth-stage VC firm focused on the sustainable, resilient transformation of the global economy. Raising at an increased valuation, greater than $1 billion, is an… Read More

February 2, 2024 @ 5:39 pm By Omar Faridi  |  

CyberCube, the enabler of cyber risk analytics for the insurance industry, marked the end of a positive year of strong growth, “surpassing 100 insurance organizations licensing CyberCube solutions.” As the cyber insurance market grows in size and sophistication, analyzing, assessing, and quantifying the impact of… Read More

February 2, 2024 @ 2:31 pm By Omar Faridi  |  

Corvus Insurance, the cyber underwriter powered by a proprietary AI-driven cyber risk platform, today released its Q4 2023 Ransomware Report. Featuring data collected from ransomware leak sites, the report shows “that while Q4 attacks were down slightly from Q3 2023, ransomware activity for the year… Read More

January 27, 2024 @ 4:45 pm By Omar Faridi  |  

Better Home & Finance Holding Company (NASDAQ:BETR), the  digital homeownership company and the first fintech lender to achieve $100B in funded loans,  announced the launch of Better Insurance, the white labeled solution that allows customers to purchase homeowners insurance through “a fully online experience.” Better… Read More

January 24, 2024 @ 6:27 pm By Omar Faridi  |  

Ansel, an insurtech on a mission to build a world where health hardships don’t create financial burdens, announced that it has raised a $20M round of funding “led by Portage, with participation from Two Sigma Ventures, Brewer Lane Ventures, SixThirty Ventures, Plug and Play Ventures,… Read More

January 24, 2024 @ 12:25 pm By Omar Faridi  |  

Akur8, the insurance pricing solution powered by transparent machine learning, is pleased to announce that MAPFRE, the 9th largest insurance company in Europe and the 17th largest insurer globally according to S&P Global Ratings, has reportedly “selected Akur8’s RISK and RATE modules.” This choice will… Read More

January 23, 2024 @ 7:11 am By Omar Faridi  |  

Qover, an insurtech driven by a vision of creating a global safety net through insurance – announces the launch of its innovative motor insurance solution in the United Kingdom, which enables car manufacturers to “provide digital insurance programs across Europe.” In line with Qover‘s goal… Read More

January 21, 2024 @ 5:53 pm By Michael Wong  |  

Healspan, a Bengaluru-based Insurtech startup, has raised Rs 1.2 crore in a pre-seed funding round led by startup accelerator PedalStart. This latest capital infusion brings the company’s total funding to Rs 1.7 crore, positioning it for significant growth in India’s competitive insurance technology sector, according… Read More

January 20, 2024 @ 9:36 pm By Michael Wong  |  

Bharatsure, an emerging Insurtech startup based in India, has reportedly raised $1 million in a funding round anchored by early-stage venture capital fund Capital-A. The round also saw contributions from Grip Invest and a cohort of existing investors, including Inflection Point Ventures, Dexter Ventures, HEM… Read More

January 19, 2024 @ 2:10 pm By Omar Faridi  |  

CoverForce, which claims to be the first independent API to deliver instant quotes and one-click binding from the insurance carriers, announced the addition of cyber insurance to its API toolkit. According to S&P Global, cyber is one of “the fastest-growing subsector of the insurance market… Read More

January 19, 2024 @ 8:34 am By Omar Faridi  |  

Getsafe, Europe’s neo-insurer based in Germany with over 550,000 customers, has acquired deineStudienfinanzierung, Germany’s digital platform for student loans. This acquisition is said to be a testament to Getsafe’s direct-to-consumer approach and the company’s focus on “guiding young people as they plan for their futures.”… Read More

January 16, 2024 @ 3:59 pm By Omar Faridi  |  

Akur8, the insurance pricing solution powered by transparent machine learning, is pleased to announce its new partnership with Quincy Mutual Group, one of the oldest and “respected” regional mutual insurance companies in the United States, “offering a wide range of insurance products to protect the… Read More

January 13, 2024 @ 4:30 pm By Omar Faridi  |  

Lemonade (NYSE: LMND), the digital insurance company powered by AI and social impact, today announced the extension and expansion of its financing relationship with General Catalyst (GC) – AKA ‘Synthetic Agents’ – whereby GC “finances up to 80% of Lemonade’s spending specifically related to customer… Read More

January 13, 2024 @ 4:26 pm By Omar Faridi  |  

hyperexponential, the global firm focused on pricing decision intelligence (PDI) software, announced completion of its $73m Series B funding round reportedly “led by global technology-focused investment firm Battery Ventures, with participation from leading Silicon Valley investor a16z, and existing Series A investor Highland Europe, which… Read More