Tagged: insurance technology

June 27, 2023 @ 6:18 pm By Omar Faridi  |  

Kin, the direct-to-consumer home insurance company built for every new normal®, earlier this month announced its expansion into Alabama. Building upon Kin’s success in Florida and other coastal states, where it insures nearly $45 billion in assets, Kin is continuing its mission “to deliver affordable… Read More

June 26, 2023 @ 6:06 pm By Omar Faridi  |  

wefox, which claims to be the world’s leading Insurtech, has made three new appointments to its Extended Executive Committee. Dr Ronny Fischer is appointed as SVP Strategy, Fabienne Doerig is appointed as SVP Operations and Dr Marc Olivier Morant joins the ExCo in his existing… Read More

June 25, 2023 @ 4:59 pm By Omar Faridi  |  

Hi Marley, creators of the only digital collaboration platform built for the P&C insurance industry, introduced Collaboration Hub, a suite of tools designed “to make communication and collaboration between policyholders, carriers and the rest of the insurance ecosystem frictionless.” The Collaboration Hub, “part of Hi… Read More

June 23, 2023 @ 9:37 am By Omar Faridi  |  

Lemonade (NYSE: LMND), the digital insurance company powered by AI and social impact, announced that its reinsurance program has been “renewed in good time and on good terms.” The Lemonade program is “led by the same tier-one carriers as the expiring and was oversubscribed on… Read More

June 22, 2023 @ 9:13 am By Omar Faridi  |  

International insurtech bolttech announced its partnership with one of Taiwan’s telecommunications providers, Taiwan Mobile, in order “to offer a range of personal insurance options for customers on the Taiwan Mobile app.” Powered by bolttech’s insurance exchange platform, “the first phase of the partnership will see… Read More

June 12, 2023 @ 6:26 pm By Omar Faridi  |  

Snapsheet, which claims to be the “pioneer” of virtual appraisals and an emerging leader in cloud-based claims management software, announced that specialty property and casualty insurance carrier  IAT Insurance Group selected Snapsheet Claims software “to deliver the modern claims experience to its customers.” As noted… Read More

June 11, 2023 @ 6:35 pm By Omar Faridi  |  

NEXT Insurance, a digital insurtech transforming small business insurance, recently announced its expanded partnership with Gusto Embedded. The strengthened partnership “will exclusively offer NEXT’s pay-as-you-go workers’ compensation to the small business customers of Gusto Embedded partners through NEXT’s fully embedded insurance solution, NEXT Connect.” Users… Read More

June 9, 2023 @ 8:55 am By Omar Faridi  |  

Insify, the end-to-end digital insurance platform designed for Europe’s entrepreneurs and SMEs, announced that it has raised €15 million in Series A financing. Global venture firm Accel “led the investment round and was joined by Visionaries Club as well as existing investors Frontline Ventures and… Read More

June 4, 2023 @ 6:54 pm By Omar Faridi  |  

Socotra, the “next-generation” core platform provider for modern insurers, together with Ledgebrook, an InsurTech MGA focused on the excess and surplus (E&S) market,  announced the launch of Ledgebrook’s new platform, powered by Socotra Connected Core. The end-to-end platform empowers Ledgebrook “to redefine speed and service… Read More

June 4, 2023 @ 5:28 pm By Omar Faridi  |  

Cowbell, a provider of cyber insurance for small and medium-sized enterprises (SMEs), and Skyward Specialty Insurance Group Inc. (NASDAQ: SKWD) , a firm focused on the specialty property and casualty market, announced a partnership agreement that “expands Cowbell’s coverage and capacity of its Prime 250… Read More

May 28, 2023 @ 2:53 pm By Omar Faridi  |  

Everest Re Group, Ltd. (NYSE: RE), a global underwriting firm providing property, casualty, and specialty reinsurance and insurance solutions, announced that Ricardo Anzaldua has “been appointed Executive Vice President and Group General Counsel, effective June 12, 2023.” Mr. Anzaldua will “report to President and CEO… Read More

May 26, 2023 @ 8:23 am By Omar Faridi  |  

Cowbell, the provider of cyber insurance for small and medium-sized enterprises (SMEs), announced it is bolstering its underwriting capabilities with new additions to its UK and US teams. Claud Bilbao joins “as UK Director of Underwriting, reporting to Simon Hughes, General Manager for UK operations.”… Read More

May 22, 2023 @ 9:59 pm By Omar Faridi  |  

On Thursday, May 18, 2023, Insurtech Pie CEO, John Swigart, shared an important message with all “Pie-oneers.” Swigart noted that as Dax and him shared with the team earlier, during their all-hands meeting, they’ve made “the very hard decision to reduce their headcount by about… Read More

May 20, 2023 @ 12:59 pm By Omar Faridi  |  

Kin, the direct-to-consumer home insurance company built for every new normal, today announced select operating results through the first quarter ended March 31, 2023. Kin finished the first quarter of 2023 “with $83.2 million in gross written premium, which was positively impacted by $33.5 million… Read More

May 18, 2023 @ 4:38 pm By Omar Faridi  |  

Cowbell, the provider of cyber insurance for small and medium-sized enterprises (SMEs),  announced Andrea Collins’ appointment as its first Chief Marketing Officer. Collins brings “over two decades of strategic and creative marketing and communications expertise, building and overseeing iconic brands.” She will report “to founder… Read More

May 18, 2023 @ 9:27 am By Omar Faridi  |  

bolttech announced it raised $196 million in connection with its Series B with an up-round valuation of $1.6 billion. The investment round was “led by Tokio Marine – Japan’s first insurance company with a 140-year history.” Other key investors “include global life insurance giant MetLife… Read More

May 13, 2023 @ 4:27 pm By Omar Faridi  |  

Cowbell, the provider of cyber insurance for small and medium-sized enterprises (SMEs), today released its Cyber Round-Up: Q2 2023 report. The report explores insights from small and medium-sized enterprise (SME) leaders “across the U.S., revealing that many SME leaders with cyber insurance feel better prepared… Read More

May 9, 2023 @ 10:05 pm By Omar Faridi  |  

PolicyStreet, an emerging regional insurtech company, has recorded exponential growth in FY22, with its topline growing by five times compared to the previous financial year (FY21) and attaining sum insured of more than USD 6 billion. Despite the challenging business environment in FY22, PolicyStreet claims… Read More

May 9, 2023 @ 7:55 am By Omar Faridi  |  

NEXT Insurance, a digital insurtech company transforming small business insurance, today announced the promotion of Rachel Jrade-Rice to General Counsel. Jrade-Rice joined NEXT Insurance in 2020 “as Insurance Regulatory Counsel and was quickly promoted to Head of Regulatory Affairs and then again to Associate General… Read More

May 7, 2023 @ 11:24 pm By Omar Faridi  |  

wefox, which claims to be one of the world’s leading Insurtechs, has launched its global affinity business, which connects insurance companies with partners to distribute insurance products. This new business “increases the existing distribution channel for wefox and extends the company’s ability to deliver insurance… Read More