Tagged: insurance technology

January 22, 2023 @ 11:29 pm By Omar Faridi  |  

wefox, which claims to be one of the world’s leading Insurtechs, has appointed Rene Besenbäck as Head of Sales in Austria, with immediate effect. Rene Besenbäck will be “responsible for delivering sales for wefox Austria and working closely with the Head of Country, Rainer Vogelmann,… Read More

January 15, 2023 @ 11:20 pm By Omar Faridi  |  

Zurich-headquartered startup TONI Digital has secured $12.5 million in a Series B funding round. The company is a digital insurance-as-a-service provider, “offering personal and commercial insurance lines such as motor insurance, payment protection insurance, and life solutions on top of its market-leading insurance technology platform.”… Read More

January 15, 2023 @ 9:34 pm By Omar Faridi  |  

International insurtech, bolttech, and Thailand’s mobile network operator, AIS, have partnered to deliver embedded protection services “including mobile device switch and replacement services to AIS customers for the recently-launched AIS Care+ program.” The AIS Care+ program “allows customers to switch or replace their smartphones and… Read More

January 15, 2023 @ 3:43 pm By Omar Faridi  |  

Cowbell, the provider of cyber insurance for small and medium-sized enterprises (SMEs), has released a new whitepaper, “Modeling Catastrophic Cyber Events”, which lays out a path to model catastrophic cyber events in the SME market. Cowbell’s goal is “to help SMEs prevent and recover from… Read More

January 11, 2023 @ 11:47 pm By Omar Faridi  |  

In Q3 2022, Insurtech companies globally “raised $1.6 billion in VC across 134 deals, representing a 51.1% decrease in QoQ deal value,” according to an update from Pitchbook. This was “the lowest amount of invested capital since Q2 2020 and the lowest deal count since… Read More

January 10, 2023 @ 8:09 am By Omar Faridi  |  

The team at Superscript is pleased to announce the completion of their £45 million ($54m USD) Series B funding round. The investment round was “led by existing investor BHL UK, owner of Comparethemarket, with participation from new investor and Fortune 500 insurer The Hartford.” Other… Read More

January 6, 2023 @ 8:50 am By Omar Faridi  |  

International insurtech bolttech announced the appointment of Dr. Jens Schädler as Chief Executive Officer (CEO), Europe. Based in Switzerland, Jens will “provide strategic leadership across bolttech’s Europe operations, driving new and existing market and partnership growth.” Taking over from Andrew Cons, Jens’ role is “effective… Read More

January 4, 2023 @ 6:55 pm By Omar Faridi  |  

After years of growth, the US Insurtech market faces “a sharp decline in valuations,” according to an update from McKinsey & Company. McKinsey & Company notes that for nearly a decade, Insurtechs have “experienced rapid growth and skyrocketing valuations.” But in 2022, investors’ optimism has… Read More

January 2, 2023 @ 10:23 pm By Omar Faridi  |  

Financial services company Singlife with Aviva has announced “the launch of Singlife Connect, its accelerator program to support and spur the growth of promising insurtech startups.” Singlife Connect will “focus on developing scalable market solutions to innovate and transform insurance distribution.” Singlife will “leverage its… Read More

December 21, 2022 @ 7:59 am By Omar Faridi  |  

When people left big cities during the COVID-19 pandemic, “sweetheart” deals (aka COVID deals) ran the residential rental market, according to an update from Insurtech firm Lemonde (NYSE:LMND). While a lot of renters negotiated some cheap deals, many now “fear they are at risk of… Read More

December 5, 2022 @ 10:21 pm By Omar Faridi  |  

Hi Marley, creators of the only insurance-focused collaboration platform powered by SMS, is pleased to announce its partnership “with Tokio Marine subsidiary, Philadelphia Insurance Companies (PHLY).” Headquartered in Bala Cynwyd, Pennsylvania, and strategically located across the US, PHLY has “delivered superior customer service for more… Read More

November 29, 2022 @ 8:15 am By Omar Faridi  |  

Regional Insurtech Igloo announced that it has successfully “raised an additional $27 million in its Series B extension, bringing a close to its Series B funding round at $46 million.” The initial Series B capital raise of $19M in March this year was “led by… Read More

November 9, 2022 @ 9:17 am By Omar Faridi  |  

Pie Insurance, an Insurtech company specializing in workers’ comp insurance for small businesses, recently appointed three strategic leadership team hires: Rick Poulin, vice president of underwriting Joshua Brost, vice president of marketing Sam Elizondo, vice president of claims operations. These “pie-oneers” join Pie after “a… Read More

November 7, 2022 @ 11:47 pm By Omar Faridi  |  

International insurtech bolttech recetnly announced the expansion of its existing partnership with WINDTRE with the launch of “a new ‘Reload exChange’ trade-in program in Italy.” With this new product, WINDTRE customers can now “trade-in their used phones in-store and receive cash payments directly to their… Read More

October 18, 2022 @ 6:45 pm By Omar Faridi  |  

bolttech, which claims to be one of the world’s “fastest-growing” international insurtech companies, announced Tokio Marine, alongside other shareholders, will “lead bolttech’s Series B funding round.” The investment round reportedly “values bolttech, Singapore’s only homegrown insurtech unicorn, at an up-round valuation of approximately US$1.5 billion,… Read More

October 17, 2022 @ 9:47 pm By Omar Faridi  |  

Regional Insurtech Igloo, in partnership with e-commerce giant Shopee, introduced Home Content Insurance in Vietnam, the “first” comprehensive protection solution “for indoor assets, against unexpected events such as natural disasters and fire in the platform.” The Home Content Insurance is “underwritten by Bao Viet Insurance,… Read More

October 7, 2022 @ 1:13 pm By Omar Faridi  |  

bolttech, the Singapore-based international insurtech, announced it has completed the acquisition of a majority shareholding in PT Axle Asia, “an established insurance broker in Indonesia.” Axle Asia will “become a subsidiary of bolttech and be subsequently rebranded.” The addition of Axle Asia will “accelerate the… Read More

September 30, 2022 @ 4:57 pm By Omar Faridi  |  

CoverTree, an Insurtech MGA based in Michigan, partnered with Socotra, the core platform provider of choice for innovative insurers, “to launch easy and affordable insurance for owners, renters, and landlords of manufactured homes.” With Socotra, CoverTree can now “automate 92% of its applications with straight-through… Read More

September 20, 2022 @ 11:15 pm By Omar Faridi  |  

CoverTree, one of the first ever digital insurance solution for residents of manufactured homes, announced the launch of insurance coverage in Arizona, Indiana, Michigan, New Mexico, Ohio, Illinois, and Tennessee “after raising a total of $10 million in venture funding.” The $10 million seed round… Read More

September 19, 2022 @ 9:05 pm By Omar Faridi  |  

One Inc, the digital payments network for the insurance industry, announced that Florida-based property insurer Tower Hill Insurance Group has selected One Inc’s outbound payment solution, ClaimsPay, “to streamline and improve digital payments processing for its customers.” The implementation of ClaimsPay will “enhance the outbound… Read More