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Category: InsurTech


InsurTech, Paytech

Insurtech blip Launches in the UK, Offering Policyholders a Share of its Profits

February 22, 2024

Via: The Fintech Times

As prices, bills, interest rates and everything else in between become more expensive, blip is hoping to support small businesses by offering fairly priced and transparent insurance policies. To this end, blip will look to provide a platform for small […]


InsurTech, Invest tech

Insurtech BirdsEyeView targets growth in UK & US markets with latest investment round

December 12, 2023

Via: Reinsurance News

Backed by the European Space Agency, insurtech start-up BirdsEyeView has raised an undisclosed seven-figure sum as it looks to expand in UK and US markets and further develop its RAPTOR technology. The latest investment round was led by the European […]


InsurTech, Invest tech

Insurtech Igloo closes $36m Pre-Series C funding round

December 8, 2023

Via: Reinsurance News

Igloo, a regional insurtech in Asia, has closed a US$36 million Pre-Series C funding round. Global investment firm Eurazeo, through its insurtech fund backed by the insurer BNP Paribas Cardif, led the investment. At the same time, Openspace and La […]


InsurTech, Invest tech

Insurtech Mulberri launches AI-powered Risk Assistant

November 7, 2023

Via: Reinsurance News

Insurance startup Mulberri, has launched its new AI-powered Risk Assistant and rolled out its embedded property and casualty platform to make insurance innovation accessible to a broad range of industries outside payroll and Human Resources (HR) providers. Now industries including […]


InsurTech, Invest tech

InsuranceDekho raises $60m in second funding round of the year

October 12, 2023

Via: Reinsurance News

India-based InsuranceDekho has raised $60 million Series B funding, a mix of equity and debt, as the startup looks to supercharge its growth. The round was led by Eurazeo, through its insurtech fund backed by the insurer BNP Paribas Cardif, […]


InsurTech, Invest tech

Insurtech Allium Data secures $750k funding from Markd

October 5, 2023

Via: Reinsurance News

Insurtech startup Allium Data, Inc., has secured a pre-seed funding round of $750,000 from Markd, an insurance/insurtech-focused venture capital firm. The firm intends to use the funds to accelerate its growth and go-to-market strategy for all platform products. Established in […]


InsurTech, Invest tech

Insurtech Artificial Labs and Tier 2 Consulting announce partnership

October 2, 2023

Via: Reinsurance News

UK-based insurtech, Artificial Labs, and Tier 2 Consulting, renowned for its expertise in agile software development, have joined forces to revolutionise insurance solutions with automated underwriting technology. According to the announcement, this alliance promises cutting-edge solutions and transformative advancements for […]


InsurTech, Invest tech

FINEOS Platform Fuels Partners Life’s Growth in Insurance Claims

September 11, 2023

Via: The Fintech Times

The partnership enabled the company, founded in 2011, to elevate its claims processing capabilities, reduce claims leakage and enhance the overall user experience for the benefit of 300,000 policyholders. In early 2022, Partners Life became the first life insurance company […]


InsurTech, Invest tech

Fintech startup Ramp raises $300M at a 28% lower valuation of $5.8B

August 22, 2023

Via: TechCrunch

Fintech startup Ramp has raised $300 million in a funding round co-led by existing backer Thrive Capital and new investor Sands Capital at a post-money valuation of $5.8 billion. The Information reported last week that spend management company Ramp was […]


InsurTech, Invest tech

InsurTech sector sees shift in investment focus as (re)insurers lead Q2 funding: Gallagher Re

August 3, 2023

Via: Reinsurance News

The global InsurTech sector witnessed a substantial decline in new funding during the second quarter of 2023, amounting to $916.71 million, marking a 34.0% drop from the impressive $1.39 billion recorded in the preceding quarter, according to the latest findings […]


InsurTech, Invest tech

Insurance veterans form brand new Insurtech, Modives

July 28, 2023

Via: Reinsurance News

Five insurance industry veterans have formed Modives, a new venture which automates insurance verification for property managers and auto dealers. CEO and Co-Founder Frederick Waite, a veteran entrepreneur, has assembled a team with varied insurance industry experience to launch his […]


InsurTech, Invest tech

Insurtech Raincoat raises additional $6.5m in seed funding

June 27, 2023

Via: Reinsurance News

Raincoat, a startup developing scalable climate insurance solutions, has announced the closing of an additional $6.5 million seed round. This follows the $4.5 million Raincoat raised last year, bringing its total raised to date to $11 million. According to the […]


InsurTech, Invest tech

Global Crop Insurance Market Report 2023: Sector is Expected to Reach $59.89 Billion by 2030 at a CAGR of 6.1% – ResearchAndMarkets.com

June 12, 2023

Via: Fintech News

The “Crop Insurance Market by Type by Application, by Distribution Channel – Global Opportunity Analysis and Industry Forecast, 2023-2030” report has been added to ResearchAndMarkets.com’s offering. The Crop Insurance Market size was valued at USD 37.91 billion in 2022 and […]


InsurTech, Invest tech

Paytech titan Diebold Nixdorf set to file for Chapter 11 bankruptcy protection

June 1, 2023

Via: FinTech Futures

The Hudson, Ohio-based firm says the restructuring support agreement is expected to “significantly” reduce debt and provide “substantial additional liquidity” to support the firm’s operations. Diebold Nixdorf chair, president and CEO Octavio Marquez says: “With the support of our creditors, […]


InsurTech, Invest tech

US fintech Episode Six secures $48m in Series C funding

May 24, 2023

Via: FinTech Futures

The round was led by Avenir, with participation from existing investor Anthos Capital. The funding will be deployed towards expanding E6’s go-to-market efforts and scale its business further. Founded in 2015 and headquartered in Austin, Texas, E6 provides enterprise-grade payment […]


InsurTech, Invest tech

German insurtech Wefox secures additional $55m equity funding and $55m credit facility

May 17, 2023

Via: FinTech Futures

The extension follows on from Wefox’s $400 million Series D round held in July last year and saw participation from existing and new investors including Squarepoint. The company raised the funding at an unchanged valuation of $4.5 billion. Founded in […]


InsurTech, Invest tech

Insurtech bolttech valued at $1.6 bn after raising $196m in Series B round

May 17, 2023

Via: Reinsurance News

International insurtech bolttech is now valued at $1.6 billion after raising $196 million in its Series B round, led by Japanese insurer Tokio Marine. Other key investors included MetLife Next Gen Ventures, a MetLife subsidiary, and Malaysia’s sovereign wealth fund […]


InsurTech, Invest tech

Global InsurTech funding rises by 37.6% in Q1 2023: Gallagher Re

May 4, 2023

Via: Reinsurance News

InsurTech funding has bounced back strongly in the first quarter of 2023, with global investments reaching $1.39 billion, according to the latest Global InsurTech Report from Gallagher Re. This marks a 37.6% increase from the previous quarter’s lowest total since […]


InsurTech, Invest tech

Insurtech Baobab receives funding from IBB for SME cyber protection

April 26, 2023

Via: ThePaypers

Germany-based insurtech company Baobab has received funding from the Investitionsbank Berlin, which is co-financed by EU funds (ERDF). Baobab supports small and medium-sized businesses in managing cyber risks by combining insurance and software solutions. The platform provides real-time insights into […]


InsurTech, Invest tech

Fintech for Insurance Companies: Revolutionizing Old School Institutions

March 17, 2023

Via: Fintech News

The insurance industry has been slow to adopt new technologies, but the rise of fintech is now prompting insurers to embrace digital solutions that can transform their businesses. Fintech is revolutionizing the insurance sector, providing more efficient and streamlined processes […]