Tagged: insurtech

September 17, 2024 @ 1:42 pm By Omar Faridi  |  

Akur8, the machine learning-powered insurance pricing and reserving platform, announced that it has secured $120 million in series C funding, bringing its total raised investment to $180 million. This latest funding round was led “by One Peak, a growth equity firm investing in software scale-ups,… Read More

August 29, 2024 @ 9:43 pm By Omar Faridi  |  

The Insurtech 50 is CB Insights’ annual list of the 50 most promising private insurtech companies in the world. This year’s winners are working on everything from AI assistants to embedded insurance. CB Insights has unveiled the third annual Insurtech 50 — a list of… Read More

August 17, 2024 @ 3:00 am By Omar Faridi  |  

Cowbell, a provider of cyber insurance for small and medium-sized enterprises (SMEs), announced that insurance industry veteran Stephen Moss has been appointed to its Board of Directors. Moss brings three decades of industry experience and “is currently Group Head of Financial Lines and Cyber at… Read More

August 8, 2024 @ 7:59 am By Omar Faridi  |  

Insurtech funding sees its strongest quarter in over a year despite deal volume sinking to its lowest point since 2016, according to an extensive update from CBInsights. CBInsights notes in its latest repot that global insurtech funding “increased 44% quarter-over-quarter (QoQ) to $1.3B in Q2’24… Read More

August 1, 2024 @ 9:06 am By Omar Faridi  |  

As announced in June, wefox has continued to implement its exit from the German insurance market as part of the refocusing of its portfolio on profitable market positions of critical size. In this context, wefox Germany Holding GmbH has reportedly “reached an agreement with the… Read More

August 1, 2024 @ 9:01 am By Omar Faridi  |  

Lemonade, Inc. (NYSE: LMND) has released its second quarter 2024 financial results. Lemonade notes in its Letter to Shareholders that it remains focused on offering renters, homeowners, car, pet, and life insurance. Powered by artificial intelligence and social impact, Lemonade’s full stack insurance carriers in… Read More

July 17, 2024 @ 6:06 pm By Omar Faridi  |  

‍Akur8, the insurance pricing solution powered by “transparent” machine learning, is pleased to announce its partnership with Millennial Specialty Insurance, LLC (MSI), which is said to be one of the largest non-carrier-affiliated managing general agencies in the United States. MSI has selected Akur8’s Risk and… Read More

July 2, 2024 @ 9:05 am By Omar Faridi  |  

Lemonade (NYSE: LMND), the digital insurance company powered by AI and social impact, announced that its reinsurance program is being renewed. It was reportedly led by the same tier-one carriers “as the expiring treaty and was oversubscribed on all dimensions.” The core of the program… Read More

June 29, 2024 @ 4:07 pm By Omar Faridi  |  

Insurtech wefox, which is experiencing significant operational challenges, is now reporting that the insurance technology company is focused on its restructuring efforts as it receives support in the form of “strong’ investor support. At an Extraordinary General Meeting of wefox Holding AG held recently, all… Read More

June 23, 2024 @ 7:21 pm By Omar Faridi  |  

CyberCube, the cyber risk modeling and analytics business, has unveiled a new visual identity which CEO Pascal Milliare says reflects the firm’s “new set of even loftier aspirations”. The new branding, called CyberCube 2.0, has been designed “to mark the company’s transition from a start-up… Read More

June 19, 2024 @ 4:34 pm By Omar Faridi  |  

wefox investors have reportedly proposed €25 million capital injection to potentially stop the Ardonagh deal. London-listed Chrysalis Investments is said to be among the shareholders expected to provide €25 million into what was once one of Europe’s largest Insurtech firms, Sky News reported. Two of… Read More

June 12, 2024 @ 8:23 pm By Omar Faridi  |  

Kin Insurance, Inc. announced that the Kin Interinsurance Network and Kin Interinsurance Nexus Exchange, the reciprocal exchanges it manages, have completed their reinsurance programs for “the period of June 1, 2024 through May 31, 2025, at favorable economic terms.” Kin’s reinsurance program maintains Kin’s history… Read More

June 7, 2024 @ 1:26 pm By Omar Faridi  |  

NEXT Insurance, a digital insurer transforming small business insurance, announced the availability of its Business Owner’s Policy (BOP), a comprehensive insurance solution designed with the specific needs of small businesses in mind. Building upon NEXT’s AI-powered, proprietary platform and underwriting expertise, NEXT’s BOP offering “enables… Read More

June 1, 2024 @ 10:42 am By Omar Faridi  |  

bolt, the insurtech with the country’s largest technology-enabled insurance exchange, today announced the appointment of Jeff Staley as Head of Sales. Staley will be responsible for leading bolt’s sales efforts “across its core business segments and meeting the company’s growth targets.” Staley brings more than… Read More

May 30, 2024 @ 5:44 pm By Omar Faridi  |  

International insurtech bolttech has announced its partnership with HAVA.id, a B2B procurement company in Indonesia. HAVA.id will offer comprehensive device protection solutions “to its business customers as part of its procurement consultancy services to ensure their valuable inventory of technology devices is safeguarded.” As part… Read More

May 12, 2024 @ 7:10 pm By Omar Faridi  |  

Global insurtech funding falls to its lowest quarterly level since 2018, according to a report from CBInsights. Despite growth in broader venture funding in Q1’24, insurtech (insurance technology) funding declined 18% quarter-over-quarter (QoQ) to hit its lowest level in years ($0.9B), the CBInsights report reveals…. Read More

April 23, 2024 @ 11:25 am By Omar Faridi  |  

In conjunction with Earth Day, PolicyStreet, a regional insurtech company, collaborates with ERTH, a social enterprise dedicated to the collection and recycling of e-waste, to insure the ERTH Heroes while on the job. The ERTH Heroes, who are gig workers, will “receive complimentary on-the-job personal… Read More

April 18, 2024 @ 12:54 pm By Omar Faridi  |  

Percipience, an insurtech data and analytics software provider, is pleased to announce an implementation of Data Magnifier was delivered successfully by a small, blended team of Ascot Group Limited and Percipience resources on-time and under budget. Ascot is one of the specialty risk assumption organizations…. Read More

April 15, 2024 @ 7:35 am By Omar Faridi  |  

bolt, the insurtech with the country’s largest technology-enabled insurance exchange, announced the appointment of Matt More as CFO for North America. More joins from ThoughtSpot, a leader in enterprise business intelligence SaaS, “where he was VP of Finance and Strategy.” In this role, he built… Read More

April 13, 2024 @ 3:33 pm By Michael Wong  |  

Akad Seguros, a digital insurance firm based in São Paulo, has successfully completed a Series A funding round, raising $22.5 million, according to an announcement. The funding effort was spearheaded by Valor Capital Group and included significant contributions from Across, Endeavor Scale-Up Ventures, Endeavor Catalyst,… Read More