Tagged: insurtech

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

March 26, 2025 @ 3:57 pm By Omar Faridi  |  

Kin Interinsurance Network, one of the reciprocal exchanges managed by Kin, the direct-to-consumer, digital home insurance provider, announced the successful closure of a $300 million catastrophe bond transaction through Hestia Re Ltd., “marking the reciprocal exchange’s third venture into the insurance-linked securities (ILS) market.” The… Read More

March 26, 2025 @ 9:32 am By Omar Faridi  |  

Lemonade (NYSE: LMND), the digital insurance company powered by AI and social impact, has passed $1 billion of In Force Premium (IFP). According to the announcement from Lemonade, this marks a significant milestone for the Insurtech company, coming just 8.5 years after selling its first… Read More

March 18, 2025 @ 9:19 am By Tony Zerucha  |  

  Insurance is one of life’s boring necessities, but bolt is livening it up through technology partnerships and industry expertise. The platform works with hundreds of insurers and businesses across industries and operates in more than 35 markets on four continents. Bolt’s financial services vertical… Read More

March 17, 2025 @ 10:07 pm By Omar Faridi  |  

Insurtech bolttech has kicked off 2025 with a series of announcements that underscore its commitment to innovation, ensuring customer protection, and encouraging community engagement. bolttech has recently announced a collaboration with C Spire, a diversified telecommunications and technology services provider, to launch C Spire Tech… Read More

March 7, 2025 @ 4:19 pm By Omar Faridi  |  

Kin, the direct-to-consumer, digital home insurance provider, announced it  expanded into California and offers a home insurance option for the entire state. Building upon a “positive” earnings announcement last week, this is the latest step in Kin’s mission to “provide necessary coverage in markets that… Read More

March 4, 2025 @ 7:47 pm By Omar Faridi  |  

Akur8, the insurance pricing and reserving solution powered by machine learning, announces that CompSource Mutual Insurance Company, the workers’ compensation insurance carrier in Oklahoma, has chosen Akur8’s Core Platform solution to “enhance their insurance pricing models and improve their overall pricing process.” Akur8’s Core Platform… Read More

March 2, 2025 @ 5:47 pm By Omar Faridi  |  

PitchBook’s latest research reveals a complex landscape for insurance technology (insurtech) venture funding in 2024, marked by a contraction in total investment but persistent investor interest and soaring valuations. In Q4 2024, PitchBook noted that deal value plummeted 42% quarter-over-quarter, dropping from $1.9 billion in… Read More

February 28, 2025 @ 9:10 am By Omar Faridi  |  

Kin, the direct-to-consumer home insurance company built for every new normal, announced operating results through the fourth quarter ended December 31, 2024. Kin reports that it concluded 2024 with “$495.3 million in gross written premium and $156.1 million in total revenue.” Kin’s operating income for… Read More

February 27, 2025 @ 11:18 am By Michael Wong  |  

Funding in Southeast Asia’s InsurTech sector slumped sharply in 2024 as investors adopted a more cautious stance amid global economic headwinds, according to a report by data intelligence platform Tracxn. Total investments fell 61 percent to $193 million from $495 million in 2023, reflecting a… Read More

February 26, 2025 @ 10:34 pm By Omar Faridi  |  

Lemonade, Inc. (NYSE: LMND), the tech-driven insurance company, recently shared its financial results for the fourth quarter and full year of 2024, offering an overview of its performance as well as future business outlook. Lemonade‘s latest financial results indicate a mix of robust business growth,… Read More

February 26, 2025 @ 10:33 pm By Omar Faridi  |  

Akur8, the insurance pricing and reserving solution powered by machine learning is pleased to announce the expansion of their alliance with Deloitte Canada. Building on a collab since 2021, Deloitte said it will now leverage Akur8’s solutions for both pricing and reserving, marking a milestone… Read More

February 20, 2025 @ 2:57 pm By Omar Faridi  |  

NEXT Insurance, a digital insurtech company transforming small business insurance, announced a new offering to support small businesses with multiple operating locations across a single state, allowing single-entity small business owners with numerous locations “to purchase workers’ compensation (WC) coverage through one single policy.” NEXT‘s… Read More

February 11, 2025 @ 5:20 am By Omar Faridi  |  

PolicyStreet, an insurtech based in Malaysia, is shifting gears with the launch of its customer loyalty program, Drive+ Membership. Designed to put Malaysian drivers in the “fast lane” of savings and convenience, the Drive+ membership features benefits such as “an 80% discount on road tax,… Read More

February 10, 2025 @ 5:58 am By Omar Faridi  |  

Cytora has announced the latest version of its digital risk processing platform, Cytora Platform 3.0. This updated version enhances the platform’s capabilities by utilizing agentic AI in a fully explainable manner. Agentic AI orchestrates teams of digitization agents that think, work, and explain like humans… Read More

February 5, 2025 @ 10:18 pm By Omar Faridi  |  

Cowbell, a provider of cyber insurance for small and medium-sized enterprises (SMEs) and middle-market businesses, launched a Cowbell Resiliency Services (CRS) unit in response to a rise in the frequency, severity, and diversity of cyber threats as a “complement” to its existing risk management program…. Read More

January 31, 2025 @ 7:51 am By Omar Faridi  |  

Cowbell, a provider of cyber insurance for small and medium-sized enterprises (SMEs), is pleased to announce that it is strengthening its UK middle market product offering. Cowbell announced the appointment of James Porter as Lead Underwriter for the UK’s middle market segment. In his new… Read More

January 18, 2025 @ 1:37 pm By Omar Faridi  |  

CyberCube, the global firm focused on cyber risk analytics, has released its 2025 Predictions Report, offering insights into the dynamics of the cyber (re)insurance market. The report identifies trends and challenges shaping the sector in the year ahead. As noted in the update from CyberCube:… Read More