Latest InsurTech Headlines
All the headlines from our InsurTech Topic Page, ordered by recency.
Tech Provider FintechOS Raises US$60M to Fuel Global Expansion
Apr 21 2021 // FintechOS the London-based technology provider for insurers, banks and other financial services companies, announced it has raised US$60 million (€51 million) in Series B funding. The round was led by venture capital...
Kenya Startup Pula Offers Insurance to African Farmers Hit by Effects of Climate Change
Apr 20 2021 // KITUI, Kenya – When Kenyan farmer Waki Munyalo’s crop of lentils shrank by three quarters last year because of unusually low rainfall, disaster was averted thanks to a simple remedy that was previously unavailable...
Tech Firms Under More Scrutiny, Unhappy with D&O Insurance
Apr 19 2021 // With premiums rising and carriers narrowing their terms and conditions, technology companies’ satisfaction with their directors and officers (D&O) liability insurance has plummeted in 2021. Insurance broker Marsh...
Lloyd’s Lab Picks 11 Insurtech Start-ups, Focused on Product Simplification, Climate
Apr 15 2021 // Lloyd’s announced the next 11 insurtech start-ups that are participating in the sixth cohort of its Lloyd’s Lab innovation accelerator program. These insurtechs will be focused on creating simpler products for...
EU Set to Ban Artificial Intelligence Used for Mass Surveillance, Ranking Social Behavior
Apr 15 2021 // The European Union is poised to ban artificial intelligence (AI) systems used for mass surveillance or for ranking social behavior, while companies developing AI could face fines as high as 4% of global revenue if they...
Insurance Startup Clearcover Raises $200M, Creating Unicorn Valued at $1B: Reuters
Apr 13 2021 // Clearcover has raised $200 million in fresh capital as part of a late-stage financing round led by Eldridge, the investment firm helmed by Los Angeles Dodgers owner Todd Boehly, the digital car-insurance startup will...
Chinese Insurtech Waterdrop Faces Regulatory Pushback on Planned IPO: Sources
Apr 12 2021 // SHANGHAI/HONG KONG – Chinese online insurance technology firm Waterdrop Inc. is receiving pushback from domestic regulators on its planned U.S. initial public offering as its business model is seen as risky, four people...
Applied Analytics Isn’t Just for Insurers. Startups Help Claimants Get In On the Action.
Apr 9 2021 // Lee Fogle reached down to save his 12-lb. Yorkshire terrier Nemo as a pit bull lunged forward. The attacking dog’s jaws clamped onto his left hand, sending him to a clinic for sutures and starting a 10-month-long...
Smart Home Insurance Specialist, Hiro, Partners with MGA Incubator Pro MGA Solutions
Apr 8 2021 // Independent global managing general agency incubator platform Pro MGA Solutions (Pro.MS) announced it has partnered with smart home insurance specialist Hiro. London-based Hiro has developed a home insurance product that...
Indian Insurtech Policybazaar Plans Mumbai IPO
Apr 7 2021 // Indian online insurance platform Policybazaar is planning to file a draft prospectus as soon as next month for its Mumbai initial public offering that could raise about $500 million, according to people familiar with the...
UK Insurtech Zego Launches Flexible Cover for Food, Grocery Delivery Businesses
Apr 5 2021 // Zego, the London-based insurtech and commercial motor insurance provider, has launched two new flexible insurance products for moped and e-bike fleets in the UK. The new products, developed in partnership with Wakam,...
BI Innovation Coming Soon: Low-Limit Policies from Insurtech Thimble
Apr 5 2021 // See a need and then fill it. That’s the secret of most successful businesses — and that was the driving motivator of insurtech Thimble, which is currently working on coverage for small business customers during...
Tech Firms Under More Scrutiny and Unhappy with Their D&O Insurance
Mar 31 2021 // With premiums rising and carriers narrowing their terms and conditions, technology companies’ satisfaction with their directors and officers (D&O) liability insurance has plummeted in 2021. Insurance broker Marsh...
Insurance Technology: Marble Opens Up Wallet; AXA Funds Idelic’s Analytics; Markel Backs Counterpart Platform
Mar 30 2021 // Insurtechs focused on consumer management of insurance policies and commercial fleet analytics are expanding their reach following funding rounds. Also, a new platform for offering management liability insurance to small...
Insurtech Funding News: $118M for Pie; $30M for Snapsheet
Mar 26 2021 // There have been two notable funding rounds by insurtechs this week. Workers’ compensation provider Pie Insurance has raised $118 million in new funding, including financing from Allianz and others. Snapsheet, a...
Insurtech Root Hit With Shareholder Lawsuit Alleging Negligence, Omissions in IPO Filing
Mar 24 2021 // With shares of Root Inc. trading at less than 50 percent of the late October 2020 IPO price of $27 per share, the insurtech carrier has been named in a shareholders class action complaint, Carrier Management has...
California County Adding Artificial Intelligence for Wildfires
Mar 23 2021 // Sonoma County officials say they will add artificial intelligence technology to help fight wildfires with a 24-7 monitor to track fire outbreaks. The technology will be added to the county’s network of wildfire...
Insurance Technology: InsurTech NY Winners; $3M in GloveBox; Hippo’s Claims Partners; AXIS-Elpha Cyber Service
Mar 22 2021 // The Winners Are InsurTech NY announced the winners of its 2021 Early-Stage InsurTech Competition at the InsurTech Spring Conference on March 10. The winners received prizes worth $200K in total. Winners were selected by...
A New Kind of Startup
Mar 22 2021 // It is estimated that entrepreneurs created between 6,000 and 8,000 new independent insurance agencies over the last decade. Each of these entrepreneurs sought to create their own unique vision of the future. But their...
Insurtech Blink Expands into Central, Latin America; Partners with Travel Assistance Firm
Mar 15 2021 // Blink Parametric, the Cork, Ireland-based insurtech, has announced a major expansion of its flight disruption insurance platform in Central & Latin America, scheduled for launch this month. The partnership between...
