Tag: InsurTech

August 3, 2023

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 […]

July 28, 2023

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 […]

July 28, 2023

The United States Senate passed the 2024 National Defense Authorization Act (NDAA) worth $886 billion on July 27. The bill includes a provision targeting crypto mixers, anonymity-enhancing coins and institutions engaging in crypto trading. The NDAA is a bill that […]

June 27, 2023

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 […]

June 23, 2023

The pursuit of efficiency has become a fundamental objective for organizations across industries in today’s rapidly evolving business landscape. Amidst this pursuit, financial technology, or fintech, has emerged as a transformative force that holds the potential to revolutionize operational efficiency […]

June 12, 2023

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 […]

June 2, 2023

Galaxy Digital CEO Mike Novogratz has described the broader crypto market as being “lackadaisical” — or lacking enthusiasm — due mainly to a shying away of institutional investors from cryptocurrencies. In a June 1 interview with CNBC, Novogratz said that […]

June 1, 2023

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, […]

May 24, 2023

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 […]

May 17, 2023

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 […]

May 17, 2023

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 […]

May 4, 2023

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 […]

April 26, 2023

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 […]

April 7, 2023

I highlighted that big banks can invest in the future by exploring the possibility of new tech now, but smaller banks will not have the budget to look so broadly. This for me begs the question, what does the future […]

April 6, 2023

FYST’s exclusive proprietary data, gathered across 10 countries (Turkey, Israel, Qatar, Kuwait, United Arab Emirates, Pakistan, South Africa, Nigeria, Cameroon, and Kenya) shines a light on the proportion of cards, bank transfers, digital wallets and other methods used for online […]

March 24, 2023

Founded in 2012, Raisin offers consumers access to savings, investment and pension products. The firm also offers Banking-as-a-Service (BaaS) products for financial service providers and currently works with over 400 companies from more than 30 countries. With the new investment, […]

March 22, 2023

It’s been a rough two weeks for the U.S. economy after the fall of Silvergate Bank, Silicon Valley Bank, and Signature Bank. After these bank failures took place, the Federal Reserve announced the creation of the Bank Term Funding Program […]

March 17, 2023

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 […]

March 15, 2023

Crypto assets, specifically bitcoin (BTC), have increased in value this week following the collapse of three major U.S. banks. Over the past 24 hours, bitcoin (BTC) has dropped 6.5% against the U.S. dollar. However, weekly metrics indicate that BTC is […]

March 8, 2023

Personalisation has been the biggest challenge for fintechs over the past few years. Organisations that have failed to change their offerings to accommodate this demand have fallen by the wayside. As time continues, it does not appear that this is […]