February 22, 2024
Via: The Fintech TimesAs 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 […]
December 12, 2023
Via: Reinsurance NewsBacked 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 […]
December 8, 2023
Via: Reinsurance NewsIgloo, 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 […]
November 7, 2023
Via: Reinsurance NewsInsurance 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 […]
October 12, 2023
Via: Reinsurance NewsIndia-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, […]
October 5, 2023
Via: Reinsurance NewsInsurtech 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 […]
October 2, 2023
Via: Reinsurance NewsUK-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 […]
September 11, 2023
Via: The Fintech TimesThe 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 […]
August 22, 2023
Via: TechCrunchFintech 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 […]
August 3, 2023
Via: Reinsurance NewsThe 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 […]
July 28, 2023
Via: Reinsurance NewsFive 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 […]
June 27, 2023
Via: Reinsurance NewsRaincoat, 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 […]
June 12, 2023
Via: Fintech NewsThe “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 […]
June 1, 2023
Via: FinTech FuturesThe 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, […]
May 24, 2023
Via: FinTech FuturesThe 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 […]
May 17, 2023
Via: FinTech FuturesThe 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 […]
May 17, 2023
Via: Reinsurance NewsInternational 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 […]
May 4, 2023
Via: Reinsurance NewsInsurTech 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 […]
April 26, 2023
Via: ThePaypersGermany-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 […]
March 17, 2023
Via: Fintech NewsThe 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 […]