Latest InsurTech Headlines
All the headlines from our InsurTech Topic Page, ordered by recency.
German Insurtech Wefox Plans to Launch Product that Warns of Looming Danger
Mar 11 2021 // BERLIN – German insurance tech startup Wefox plans to launch a risk prevention product that will use data from smartphones and other connected devices to warn users of impending danger, its founder and CEO Julian Teicke...
BI Innovation Coming Soon: Low-Limit Policies from Insurtech Thimble
Mar 11 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...
Insurance Sales Prospecting Insurtech, Agency MVP, Raises $3.5M, Adds Execs
Mar 10 2021 // AgencyMVP, an online platform that identifies prospects for property/casualty insurance agencies, has received $3.5 million in seed funding from Silverton Partners. The firm has also added to its leadership team. With this...
Zego Becomes UK’s 1st Insurtech Unicorn After Fundraising Values Company at $1.1B
Mar 10 2021 // Commercial mobility insurer Zego has become the UK’s first insurtech unicorn after raising $150 million, valuing the company at $1.1 billion. The London-based business will now accelerate the expansion of its product...
Allianz Commits $75M to Hong Kong Fintech WeLab, While Forming Partnership
Mar 9 2021 // Allianz’s technology investment arm is committing $75 million to WeLab, a Hong Kong-based fintech focused on virtual banking, consumer financing and other related digital services. The deal also includes a strategic...
3 Ways Insurtech Can Help Agents Thrive in 2021 and Beyond
Mar 8 2021 // What if the COVID-19 pandemic had struck in 1980 instead of 2020? Without widespread internet connectivity, cloud software and video conferencing, the insurance industry may have been up a creek without a paddle (and...
Startup Auto Insurer Root Reports $363M Loss in 2020; Will Spend to Grow in 2021
Mar 4 2021 // Root Inc.’s second earnings report as a public company reveals that the digital auto insurance startup continues to lose substantial amounts of money but it is generating substantial premium and customer growth...
Alphabet-Backed Startup Insurer Oscar Health Raises $1.2 Billion in IPO
Mar 3 2021 // Oscar Health Inc., a health insurance startup backed by Google parent Alphabet Inc., sold shares in its initial public offering (IPO) on Tuesday at $39 apiece, above its target range, to raise $1.2 billion. The IPO gives...
Beazley Forms Digital Business Unit to Transform Tech Strategy, Led by Fantozzi
Feb 26 2021 // Specialist insurer Beazley has unveiled a new digital business unit to transform how the company develops, underwrites and delivers digital insurance solutions for clients and brokers. Existing digital initiatives and...
AI-Driven Insurance Distribution Platform Wins $11 Million Financing Round
Feb 26 2021 // A startup centered around an AI-driven platform for insurance distribution secured $11 million in Series A financing. Zelros plans to use the money, in part to propel its North American expansion, with a new regional...
Canadian Insurtech Farmers Edge Raises $100 Million in IPO
Feb 26 2021 // Farmers Edge Inc. raised about C$125 million ($100 million) in its Canadian initial public offering after selling shares at the top end of its marketed range, according to people familiar with the transaction. Farmers Edge...
Insurance Technology: Hippo, Vertafore, Monte Carlo, Marble, Coterie, Buckle and More
Feb 25 2021 // Home insurer Hippo is partnering with ADT to add smart home services and discounts for home insurance customers. Hippo customers in select states who enroll in its smart home program will be offered free installation of an...
More Insurer Partnerships, Tech Investments, Divestitures to Come in 2021, Says Bain
Feb 23 2021 // Insurers in 2021 will be doubling down on streamlining, reinforcing their core businesses and updating technology, and mergers and acquisitions will help them get there as it did in 2020, according to a Bain & Co....
Israeli Insurtech Earnix Reaches $1 Billion Valuation After Financing Round
Feb 22 2021 // Israeli startup Earnix Ltd., which uses advanced analytics to help insurers and banks offer personalized financial products, reached a $1 billion valuation in a financing round led by Insight Partners. Existing investors...
Diversity, Resilience, Innovation Among Altmaier’s Priorities as NAIC President
Feb 22 2021 // Florida’s top insurance regulator has a busy year ahead, and it won’t just include overseeing his own state’s insurance market, one of the most dynamic and complicated insurance markets in the world....
EU Experts Hit Roadblock in Trying to Resolve Tech, Carmakers’ Patent Dispute
Feb 12 2021 // European Union efforts to resolve a patent dispute between tech companies and carmakers have hit a roadblock after experts enlisted for advice failed to agree on the level of royalties or who should pay them. Tech firm...
Climate, AI, Privacy, Racial Bias Among State Insurance Regulators’ 2021 Priorities
Feb 10 2021 // The country’s insurance regulators are vowing to prioritize the monitoring of the use of consumer and non-consumer data by companies, the use of artificial intelligence, and the availability and affordability of...
AI Startup that Uses AI and Partners with Re/insurers, Now Is Seeking Canadian IPO
Feb 10 2021 // Farmers Edge Inc., a firm that uses artificial intelligence to help growers boost crop yields, is seeking to raise about C$100 million ($79 million) in an initial public offering to strengthen its finances and repay...
UK Insurtech Zego Partners with Irish Mobility Startup Brite to Offer Electric Fleet Cover
Feb 9 2021 // Irish mobility startup Brite has partnered with London-based mobility insurance provider Zego to expand its fleet offering of e-mopeds, e-scooters and e-bikes across Ireland. The partnership between Brite and Zego means...
Researchers Say Machine Learning Boosts Defense Against Multi-Stage Cyber Attacks
Feb 8 2021 // A machine learning algorithm may give organizations a powerful and cost-effective tool for defending against attacks on vulnerable computer networks and cyber-infrastructure, often called zero-day attacks, according to...
