Tag: InsurTech

March 7, 2023

Nationwide – the world’s largest building society – is an investor in Form3, and also announced a cloud-based payments project with the paytech firm in mid-2021. Through a series of phases, which launched in 2022, Nationwide will migrate all types […]

March 7, 2023

The global downturn has impacted every sector, but fintech bore the brunt of it as public-market valuations fell off a cliff last year. However, it appears that even though VCs are proceeding more cautiously than before and taking their time […]

February 27, 2023

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 […]

February 14, 2023

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 […]

February 2, 2023

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 […]

January 31, 2023

UK-based retail company Frasers Group has launched a Buy Now, Pay Later (BNPL) scheme, Frasers Plus, for customers when they purchase products. The new Frasers Plus service will cover items purchased from the group’s brands, including House of Fraser, Missguided, […]

January 31, 2023

Want to see what’s different in markets so far in 2023? Look no further than the performance of Bitcoin versus bonds. The cryptocurrency has surged almost 40% so far this year thanks to a general return of risk appetite and […]

January 30, 2023

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 […]

January 30, 2023

Simon York, HMRC’s outgoing head of serious fraud, recently said that tax evasion was “much more complex, more sophisticated, more international and more digitally enabled”, while adding that HMRC will now be actively pursuing enablers of evasion. Interestingly, both financial […]

January 18, 2023

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 […]

December 1, 2022

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 […]

November 17, 2022

Insurtech Bluezone has secured its first-choice global reinsurer to partner with as it remains on track to launch its first product in the first quarter of 2023. Fhandshakeollowing a successful £1.5 million seed investment round led by Insurtech Gateway earlier […]

November 14, 2022

The paytech says the first stage of its “long-term innovation partnership” is the roll-out of new till-free technology. It explains: “The new Checkout.com-enabled SmartShop functionality will allow customers to pay for their shopping without having to visit a till. Instead, […]

November 2, 2022

Global reinsurance giant Swiss Re has entered an alliance with Latin American auto insurtech Jooycar to boost auto insurance telematics benefiting small and medium-sized commercial fleets in Mexico. The insurtech will offer its fleet management service, “Fleetr by Jooycar”, to […]

September 28, 2022

Online payment service provider operating in 50 emerging markets, PayU, has recently released its latest survey on the US customers, focusing on driving cross-border payments adoption in the country. According to the survey, there have been both obstacles and opportunities […]

September 21, 2022

Pie Insurance, which provides workers’ compensation insurance to small businesses, has closed on a $315 million Series D round of funding. In 2021, the size of this round wouldn’t have turned heads. But in today’s environment, where investors are pulling […]

September 13, 2022

US-based payment-service-provider Shift4 has offered SkyTab POS, a point-of-sale system for restaurants and food businesses. SkyTab uses Android-based software and includes online ordering and reservations, marketing tools and loyalty programmes, and mobile devices for tableside ordering and payment. It can […]

September 13, 2022

Cledara, a UK-based software management start-up, has completed a $20 million Series A funding round. CommerzVentures led the round with additional investment by Carbide Ventures and Massive. Existing investors Nauta Capital and Notion Capital also took part. Founded in 2018, […]

September 13, 2022

Having spent the entirety of last week delving into all aspects of fintech partnerships, and how they tie into our month-long coverage of fintech ecosystems, this week we’ll be shifting our attention to the understated sector of wealth management. In […]

September 12, 2022

The insurance industry is changing. In fact, it’s evolving faster than ever before, and artificial intelligence (AI) is playing a big role in that evolution. Some experts believe that AI could completely disrupt the insurance industry as we know it. […]