Tagged: insurance

UK Insurtech Concirrus Scores $6 Million Investment From Commerzventures

Concirrus, a UK-based insurtech, has reportedly secured a $6 million investment from Commerzventures. Founded in 2012, Concirrus shared its Quest platform provides proprietary behavioral data and predictive models that significantly outperform traditional risk assessment and underwriting techniques in the insurance market. “Our Quest products access… Read More

U.S. Insurtech Hippo Announces Expansion of Claims Partnership With Handdii & Westhill

  Insurtech startup Hippo Insurance recently announced it has expanded its claims partnerships with Handdii and Westhill. Hippo claimed that the partnerships will allow it to match claimants with top tier contractors to deliver the comfort and satisfaction of high-quality work, real-time updates and a… Read More

Insurtech LeaseLock Milestone: Insured Leases Totals More Than $300 Million in Value

LeaseLock, an insurtech that provides totally eliminates security deposits, surety bonds and guarantors in rental housing, recently announced it has insured leases totaling more than $300 million in value. As previously reported, LeaseLock’s Zero Deposit allows renters to pay a lower monthly fee starting at… Read More

Jetty Names Farmers Insurance the Exclusive Reinsurance Provider For All New Jetty Policies

Jetty, a U.S.-based fintech on a mission to make renting a home more affordable and effortless for everyone, announced on Wednesday it has named Farmers Insurance the exclusive reinsurance to provide for all new Jetty policies. Launched in 2017, Jetty describes itself as a new financial… Read More

U.S. Insurtech Breeze Joins Forces With Assurity Life to Launch Online Disability Insurance to Consumers During COVID-19 Pandemic

Breeze announced on Tuesday it has teamed up with Assurity Life to launch an API-driven disability insurance product with a digital application and underwriting process. Through the new service, individuals may request a personalized disability insurance quote and complete a secure application process online in 10-15… Read More

U.S. Financial Service Buckle Acquires Gateway Insurance Company

Buckle, a U.S.-based financial services group, announced on Wednesday it has Gateway Insurance Company (Gateway), including its 47 state insurance licenses. According to Buckle, Gateway was formerly an indirect subsidiary of Atlas Financial Holdings, Inc. (Atlas), which provides auto insurance to the light commercial automobiles market… Read More

Mexican Fintech Zenda.la Introduces New Insurance Package for Millennials, Gen Z Freelancers, Acquires Investment from Angel Ventures, Others

Companies from the insurance sector continue to develop products and services for tech-savvy younger clients including millennials and Generation Z consumers. Mexican Fintech firm Zenda.la has introduced an insurance product with pricing that adjusts to each individual consumers’ specific requirements and financial status. Zenda recently… Read More

U.S. Insurtech Plank Secures $16 Million Through Series B Funding Round

Planck, a U.S.-based AI data platform for commercial insurance, announced on Wednesday it raised $16 million through its Series B Funding Round. With its $12 million Series A, the company has raised a total of $28 million. Founded in 2016, Planck claims to be the… Read More

Policygenius Forms New Partnership With Brighthouse Financial to Offer Exclusive Accelerated Underwriting Life Insurance Product

Policygenius, a U.S.-based online insurance marketplace, announced on Tuesday it has formed a partnership with annuity and life insurance provider Brighthouse Financial to offer an exclusive accelerated underwriting life insurance product, Brighthouse SimplySelect. According to Policygenius, the insurance product features an accelerated purchase process that… Read More

Chilean Insurtech Jooycar Raises $700,000 Through HCS Capital For U.S. Expansion Plans

Jooycar, a Chilean insurtech that is seeking to disrupt the auto insurance and telematics space in Latin America, has reportedly secured $700,000 through HCS Capital as it plans to continue expansion to the U.S. efforts. The company announced its U.S. expansion plans back in December… Read More

Wealthify to Become Wholly Owned Subsidiary Within Aviva Group

UK-based online investment service Wealthify announced last week it has become a wholly-owned, but independently run, subsidiary within insurance and pensions giant, Aviva Group. Launched in 2016, Wealthify states it is investing made simple and it is on a mission to democratize investing by making… Read More

Pie Insurance Secures $127 Million Through Latest Investment Round

Insurtech startup Pie Insurance announced on Thursday it secured $127 million through its latest investment round. The companies that participated in the funding round are Gallatin Point Capital, Greycroft, SVB Capital, Aspect Ventures, Elefund, and Sirius International Insurance Group, Ltd. As previously reported, Pie describes… Read More

U.S. Insurtech Haven Life Rolls Out 100% No Medical Exam Product & API Solution to Expand Partnership Efforts

U.S. insurtech Haven Life announced on Tuesday it is rolling out a new 100% no medical exam product that can be sold directly through partners. Haven Life reported that banks, advisors, insurance brokers, etc. may now offer the product, Haven Term Simplified, to clients who… Read More

UK Insurtech Zego Expands Partnership With RSA to Launch Flexible Insurance For Fleets of Vans

Zego, a UK-based insurtech, announced on Thursday it has expanded its partnership with insurer RSA to provide flexible insurance for van fleets. The company reported that with the partnership it is able to offer usage-based policies to delivery, courier, and trade van fleets for 20-200… Read More

Hong Kong Cryptocurrency Platform Crypto.com Announces New $100 Million Insurance Policy Led By Arch Underwriting That Extends Total Coverage to $360 Million

Hong Kong-based cryptocurrency platform Crypto.com announced on Monday it has secured a $100 million direct insurance policy led by Arch Underwriting at Lloyd’s Syndicate 2012. The platform reported that this is the largest coverage that Crypto.com has secured for its cold storage assets on custodial… Read More

German Insurtech omni:us Joins Forces With Rokk3r to Enter Latin American Insurance Market

omni:us, an insurance-focused artificial intelligence (AI) solution business based in Germany, announced this week it has joined forces with Rokk3r, a global innovation technology and consulting company, to enter the Latin American insurance market. As previously reported, omni:us is an Artificial Intelligence as a Service (AIaaS) provider… Read More

U.S. Financial Services Company Buckle Granted Temporary Approval to Add Food & Delivery Insurance Coverage For Rideshare Driver Members During COVID-19 Pandemic

Buckle, a U.S.-based financial services, announced on Wednesday it has been temporary approval to add insurance coverage to its rideshare driver members’ policies for the delivery of food, household supplies, and other packaged goods during the COVID-19 pandemic. Buckle reported that due to the virus,… Read More

ZA Bank, Hong Kong’s First All-Digital Bank, to Offer Insurance Services through “ZA Life” and “ZA Insure”

ZA Bank, the first digital bank to officially launch in Hong Kong, has decided to expand its line of products and services by offering insurance. This, soon after ZA Bank acquired a digital-only insurer license from the Hong Kong Insurance Authority under its Fast Track… Read More

U.S. Insurtech Branch Announces Launch in Texas

  Branch, a U.S.-based insurtech startup, announced on Monday it has launched in Texas. The launch notably marks the company’s fifth expansion since launching in August 2019. As previously reported, Branch “taps” into the power of community to make insurance accessible and affordable for everyone,… Read More

Indonesian Insurtech QOALA Secures $13.5 Million Through Series A Funding Round Led By Centauri Fund

QOALA, an Indonesia-based insurtech, announced earlier this week it secured $13.5 million through its Series A funding round, which was led by Centauri Fund with participation from  MDI Ventures, Sequoia India, Flourish Ventures, Mirae Asset Daewoo’s Mirae Asset Venture Capital and PT Mirae Asset Sekuritas Indonesia. Founded in… Read More

Send this to a friend