Top

Category: InsurTech


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 […]


InsurTech, Invest tech

Altai Ventures launches $53mn fintech & InsurTech fund

February 27, 2023

Via: Reinsurance News

Altai Ventures, an early-stage venture capital firm has closed a $53 million fintech and InsurTech fund. Bain Capital Ventures, Century Equity Partners invested in the fund alongside a number of limited partners across P&C insurance, life insurance and retirement, insurance […]


InsurTech, Invest tech

AI and ML Use in Insurtech With Tarci, Devron, LexisNexis Risk Solutions, Foresight, and Acrisure

February 14, 2023

Via: The Fintech Times

Two of the biggest game changers in the insurtech industry have been the introduction of artificial intelligence (AI) and machine learning (ML). Together, these two technologies have uprooted the traditions of the insurance sector and reworked it completely. Understanding how […]


InsurTech, Invest tech

Insurtech funding slumps by 57% in Q4: Gallagher Re

February 2, 2023

Via: Reinsurance News

New data from reinsurance broker Gallagher Re shows that global insurtech investment declined by 57.0% to $1.01 billion in the fourth quarter of 2022, when compared with the previous quarter. According to the broker’s Global InsurTech Report, this means that […]


InsurTech, Invest tech

Insurtech Betterview raises new funding round

January 30, 2023

Via: Reinsurance News

Betterview, an insurtech company that allows insurers to identify and manage real property risk, has announced it has completed a new round of funding of undisclosed amount. Backers included existing investors EMC Insurance, Guidewire Software, Nationwide, MaidenRE, and ManchesterStory. The […]


InsurTech, Invest tech

Insurtech Joyn Insurance gets $17.7m in Series A funding round

January 18, 2023

Via: Reinsurance News

Insurtech company Joyn Insurance has announced it exceeded its target with a $17.7 million Series A funding round led by OMERS Ventures, with participation from SiriusPoint, ManchesterStory, Cohen Circle, Avanta Ventures and several other private investors. Joyn launched in July […]


InsurTech, Invest tech

Inflation’s impact on insurtech investment

December 1, 2022

Via: Fintech News

As many of us have seen firsthand over the past year, the impact of global inflation has taken a major hit on insurance companies. A quick scroll through LinkedIn will tell you just how bad it’s gotten, with some large […]