Tagged: insurtech

June 21, 2025 @ 11:11 am By Omar Faridi  |  

Akur8, the insurance pricing and reserving solution powered by transparent machine learning, is announcing that Indiana Farm Bureau Insurance, a provider of property and casualty insurance in Indiana, has chosen Akur8’s Core Platform to accelerate “model development and build transparent, explainable pricing models.” Developed for… Read More

June 18, 2025 @ 8:22 am By Omar Faridi  |  

Cowbell, a provider of cyber insurance for small and medium-sized enterprises (SMEs) and middle-market businesses, has announced the appointment of Kirsten Maley “as Director of Claims, UK; a newly created role underscoring Cowbell’s commitment to scaling its presence in a growing UK market.” With more… Read More

June 17, 2025 @ 6:25 pm By Omar Faridi  |  

Kin, the direct-to-consumer, digital home insurance provider, today announced its expansion into Colorado. Kin brings Colorado homeowners a new home insurance option that combines technology and data with personalized service to deliver accessible, affordable protection. This growth into the Colorado market furthers Kin’s mission to… Read More

June 5, 2025 @ 8:50 am By Omar Faridi  |  

Akur8, the insurance pricing and reserving solution, is pleased to announce that Frank Winston Crum Insurance has selected Akur8’s core platform solution to provide them with model development, explainable insights, and accurate financial impact forecasting for pricing and reserving processes. For over 20 years, Frank… Read More

June 2, 2025 @ 10:20 am By Omar Faridi  |  

The insurtech sector is experiencing a robust resurgence, with venture capital (VC) funding soaring 65% quarter-over-quarter (QoQ) in Q1 2025, according to a recent PitchBook report. The PitcbBook report also mentioned that this significant uptick in deal value reflects renewed investor enthusiasm for startups revolutionizing… Read More

May 31, 2025 @ 8:27 pm By Michael Wong  |  

SingWealth Holdings has acquired an insurance brokerage license in the Hong Kong Special Administrative Region, reinforcing its presence in North Asia and expanding its footprint beyond Singapore. The move represents a major step in the company’s strategy to deliver cross-border financial services and deepen its role in… Read More

May 19, 2025 @ 5:38 pm By Omar Faridi  |  

Global insurtech bolttech announced its partnership with Sumitomo Corporation, one of Japan’s largest trading houses. The two companies will enter a joint venture to “deliver technology-enabled embedded solutions to distribution partners” across a number of markets in Asia. The technology-enabled embedded solutions will enable distribution partners… Read More

May 18, 2025 @ 10:38 pm By Omar Faridi  |  

wefox has agreed to sell 100% of the shares in its Italian companies wefox MGA S.r.l. and wefox Services Italy S.r.l., which focus mainly on affinity distribution with an emphasis on motor insurance, to funds managed by J.C. Flowers & Co., a global private investment… Read More

May 18, 2025 @ 6:27 pm By Omar Faridi  |  

Bestow has announced a $120 million Series D funding round, which was led by Goldman Sachs and Smith Point Capital. Bestow’s mission has been to increase “financial stability” for consumers. The company aims to make life insurance “more accessible to millions of families at a… Read More

May 14, 2025 @ 6:24 pm By Omar Faridi  |  

CyberCube, the global enabler of cyber risk analytics, is pleased to announce a new partnership with ALKEME, an insurance brokerage. ALKEME is leveraging CyberCube’s Broking Manager and Prep Module, which provide brokers with the data-driven insights “necessary to communicate and manage cyber risk with clients.”… Read More

May 9, 2025 @ 11:16 am By Omar Faridi  |  

The Insurtech sector is navigating a complex landscape in Q1 2025, marked by a rebound in global funding, shrinking deal sizes, and a stark contrast with the broader venture capital environment, according to CB Insights’ latest report. While total Insurtech funding climbed to $1.3 billion… Read More

May 7, 2025 @ 7:09 pm By Omar Faridi  |  

Akur8, the pricing and reserving Platform, is pleased to announce a collaboration with Post Telecommunication Joint Stock Insurance Corporation (PTI), a non-life insurer in Vietnam. PTI will leverage Akur8 Pricing platform to “strengthen its actuarial capabilities and deliver both fair and competitive insurance pricing in… Read More

May 2, 2025 @ 9:01 am By Omar Faridi  |  

Kin, the direct-to-consumer, digital home insurance provider, announced it surpassed $100 billion in total insured property value. This milestone reinforces Kin’s position as the “tech-forward” direct-to-consumer homeowners insurance provider and “reflects its accelerated growth trajectory.” Kin grew total insured value (TIV) from “$10 billion to… Read More

May 1, 2025 @ 11:02 am By Omar Faridi  |  

Experian announced the expansion of its Experian Marketplace portfolio with the addition of Root Insurance, a technology company powering insurance solutions. This partnership gives consumers another carrier option “for affordable and personalized car insurance with a streamlined shopping experience.” Consumers who choose Root Insurance will… Read More

April 29, 2025 @ 7:15 am By Omar Faridi  |  

CyberCube, a provider of cyber risk analytics for the insurance industry, has revealed a partnership with Galahad Risk Solutions, a specialist brokerage founded by industry veteran Ben Beeson. This collaboration marks a significant step in “helping small to medium-sized enterprises (SMEs) and middle market (MM)… Read More

April 26, 2025 @ 11:02 am By Omar Faridi  |  

Cowbell, a provider of cyber insurance for small and medium-sized enterprises (SMEs) and middle-market businesses, announced the UK launch of Prime One Tech; professional indemnity and cyber coverage for technology companies “with up to £1 billion in annual turnover, providing limits of up to £5… Read More

April 19, 2025 @ 10:52 pm By Omar Faridi  |  

European fintech Pliant has reportedly acquired the Austrian Insurtech hi.health. The acquisition enables Pliant to apply its payment expertise to the insurance sector while “gaining industry-specific know-how.” This marks the company’s second acquisition “following the purchase of Friday Finance in 2023.” hi.health will continue to… Read More

April 16, 2025 @ 8:25 am By Omar Faridi  |  

UK fintech Marshmallow has raised $90 million in a Series C funding round led by Portage Ventures, nearly doubling its valuation to over $2 billion. The investment, a mix of equity and debt, saw participation from BlackRock and Columbia Lake Partners, building on an $85… Read More

March 28, 2025 @ 11:18 am By Omar Faridi  |  

Cowbell, a provider of cyber insurance for small and medium-sized enterprises (SMEs) and middle-market businesses, has expanded its Cowbell Connectors to over 30 integrations with security and cloud service providers. While many businesses focus solely on outside-in or partial internal data, Cowbell Connectors enhance “cyber… Read More

March 27, 2025 @ 6:27 am By Omar Faridi  |  

Akur8, the artificial intelligence (AI)-based pricing solution dedicated to insurers, announces today that the Covéa Group, an insurance provider in France, has chosen its platform to optimize its pricing processes. This collaboration will enable Covéa to accelerate its pricing cycles, enhance the “accuracy of its… Read More