InsurTech Accelerant raised more than $190 million at a $2 billion pre-money valuation in its latest funding round. Atlanta-based Accelerant serves a network of managing general underwriters (MGU) and program administrators (PA) that it refers to as its members. The …
Insurtech Next Insurance has pulled in a $250 million financing round from a single investor: Munich Re. Palo Alto-based Next said it plans to use the Series C cash infusion to scale up its small business insurance products and expand …
CoverWallet, a technology company that has been on a mission to “reinvent insurance for small business” customers, is now offering its platform for insurance agencies, the company revealed today. With 16 agencies already using the platform, another 100 are on …
The Hartford has enhanced ICON, its online quoting system for agents and brokers, to include access to quote employee benefits as well as excess and surplus (E&S) coverage for their small business customers. Employee benefits are now integrated with the …
Digital business insurance agency CoverWallet said it has closed a $18.5 million Series B funding round led by Foundation Capital with participation from existing investors Union Square Ventures, Index Ventures, CV Starr and Two Sigma Ventures. The firm uses analytics …
Borrowing ideas from some insurtech startups, Allianz Global Corporate & Specialty has a new platform for brokers and their Main Street customers “from barber shops to bakeries and toy stores to tailor.” The site, AllianzGo, promises U.S. brokers and policyholders …
Small business insurance leader Travelers Companies is well-positioned to continue to compete in the small commercial insurance space that is attracting new entries including technology-driven start-ups, according to CEO Alan Schnitzer. “We think we are where we need to be …
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 …
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 …
