insurtech 2017 News

Startup Next Insurance Closes Funding Round Worth $35 Million with Amex Aboard

Next Insurance, a digital insurance agency for small to medium businesses, announced that American Express Ventures has joined its previously announced Series A Round led by Munich Re/HSB Ventures. In May, Next reported the round had reached $29 million and …

7 Tips for Start-ups Partnering with Incumbent Insurers: Trōv Founder Walchek

Trōv is a tech start-up that’s introducing the world to a new way to insure their things: on-demand for any duration, entirely from a smartphone.  We’ve had to reinvent the insurance value-chain — from customer engagement through claims — by …

With Insurer Backing, Home Sensor Startup Notion Raises $10 Million

Insurer XL Catlin’s venture capital arm is among firms helping to back a $10 million financing for Notion, an Internet of Things-related startup focused on a low-cost remote smart home sensor for home security. XL Catlin’s XL Innovate, a previous …

Munich Re, Aviva Ventures Invest in UK Connected Home Insurer Neos

Neos, a UK connected home insurer, announced last week it has secured a £5 million (roughly $6.4 million) series A investment led by Aviva Ventures together with strategic partner Munich Re. The strategic investment accelerates Neos’ growth as the UK’s …

AXA Launches Unit Focusing on Innovation, New Business Models with Phillips as CEO

AXA has appointed Joyce Phillips as chief executive officer of a new business unit dedicated to customer innovation and new business models. Phillips becomes a member of the management committee of AXA Group and reports directly to Thomas Buberl, CEO …

Allianz Global Corporate & Specialty Partners with Insurtech Firm to ID Liability Risks

Allianz Global Corporate & Specialty SE (AGCS), the corporate insurance unit of Allianz SE, is working with Praedicat, the Los Angeles-based insurtech analytics firm, to better predict key catastrophe liability risks. The partnership aims to find new ways to better …

Bunker, Startup Broker for Small Business, Contractor Insurance, Raises $6 Million

Bunker, a startup digital insurance broker focused on independent contractors and small businesses, has raised $6 million in Series A funding that will help fuel product development and expansion. Hiscox and American Family are among the backers. Omidyar Network, a …

Insurtech Slice Now Offering Homeshare Insurance in California

Slice Insurance Technologies, an insurtech company offering on-demand, short-term insurance coverage, is now selling its commercial lines insurance product for homesharing hosts in California. The California Department of Insurance said that the surplus lines broker is coming into the market …

Digital Property Inspection Startup Spex Gains J.S. Held as Backer

  J.S. Held, a Jericho, N.Y.-based construction and property damage consulting firm, said it has become a majority owner in Spex, a digital property inspection and reporting platform for the property/casualty insurance industry. Financial terms of the private transaction were …

Study Finds Insurtech Funding Dips as Startups Launch; Predicts Small Business Disruption Ahead

Total insurtech funding in the first quarter of 2017 was down, but the drop-off could be a result of the significant investments in 2016 now reaching the product launch phase, according to a report by Willis Towers Watson Securities. The …