Latest Startups Headlines
All the headlines from our Startups Topic Page, ordered by recency.
The Class of 2020: Capital Raising for Existing Firms or Insurance Startups?
Jul 16 2020 // Even though accelerating hard market conditions may seem ideal for a growing crop of professionals with designs on starting up insurance and reinsurance companies, garnering AM Best ratings still won’t be easy for...
Insurance Startup Lemonade Increases Target Price Range for IPO
Jul 1 2020 // SoftBank Group Corp.-backed insurance startup Lemonade Inc on Wednesday increased the target range for its U.S. initial public offering, looking to raise up to $308 million at a market capitalization of $1.54 billion. The...
Orchid Insurance, Specialty Lines Startup CrossCover Form CAT-Focused MGU
Jun 26 2020 // Orchid Underwriters Agency, LLC, an independent managing general underwriters focused on catastrophe-exposed residential and commercial lines properties, has launched CrossCover Insurance Services, a new MGU that will...
Insurtechs Will Not Shape the Industry’s Future Alone
May 18 2020 // Insurtech was once the Wild West of the insurance industry. Many of Insurtech’s early players came from outside insurance after observing the industry struggle to deliver what was, in their view, a competitive...
AXA Ventures Leads $5M Investment in Cyber-Security Startup Hub Security
May 8 2020 // Hub Security, a startup that offers military-grade cyber-security solutions for fintech, cloud, blockchain and data storage, announced it has closed a $5 million Series A funding round led by AXA Ventures, with...
Q1 Insurtech Fundraising Drops 54% on COVID-19 Disruption: Willis Towers Watson
May 8 2020 // Overall funding for insurtech investments decreased by 54% during the first quarter as a result of the COVID-19 crisis, compared to a record high in Q1 last year, according to a report from Willis Towers...
Europe Needs Its Own Approach to Coronavirus Tracing, Say German Tech Startups
Apr 15 2020 // Europe should not cede its sovereignty to Silicon Valley when it comes to using technology to help trace those at risk of coronavirus infection, the German developers of a smartphone app said on Tuesday. Apple and Google...
Lloyd’s Picks 12 Insurtech Startups for Next Cohort of Its Innovation Lab
Apr 9 2020 // Lloyd’s has selected 12 insurtech startups to participate in its innovation accelerator, Lloyd’s Lab. The 12 teams were chosen out of more than 190 applications, received from across the world, for the fourth...
California Will Let Startup Nuro Test Driverless Delivery Vehicles
Apr 8 2020 // California’s Department of Motor Vehicles on Tuesday authorized autonomous technology startup Nuro to test two driverless delivery vehicles in nine cities, a decision that comes as coronavirus concerns lock down many...
Coronavirus Drives Patients to Online Doctors, Spurring Telemedicine Sector
Mar 13 2020 // The new coronavirus that’s forcing lockdowns and roiling economies is spurring a silent revolution in the field of telemedicine. As COVID-19 spreads across Europe, leaving new patients in its wake, the fear of...
InsurTech NY Announces Finalists for 2020 InsurTech Competition
Mar 5 2020 // InsurTech NY, an insurtech community in the New York metro area, has announced the finalists of its 2020 InsurTech Competition. More than 200 startups applied to compete in a two-track competition, pitting early and...
Agency M&As: Private Equity Still in Driver’s Seat; Digital Agencies Attract Attention
Mar 2 2020 // The private equity bandwagon continued to roll through the insurance agency and brokerage mergers and acquisitions territory in 2019. As many as two-thirds of all deals involved private equity, according to experts. Most...
Cyber Insurance Startup At-Bay Plans Expansion After Raising $34 Million
Feb 24 2020 // Cyber Insurance startup At-Bay raised a new $34 million venture capital round, CEO and Co-Founder Rotem Iram disclosed in a recent blog posting. Plans call for the money to be used to grow the managing general...
Insurtech Startup Blackboard Insurance Receives Approval in Virginia
Feb 24 2020 // Blackboard Insurance has announced the approval of its commercial insurance package in Virginia, bringing capabilities to middle market customers in 47 states and territories. Blackboard’s commercial insurance...
New Colorado Law Tackles Employee Equity, Investment in Startup Cannabis Industry
Feb 13 2020 // The startup-laden cannabis industry is probably just right for those who are willing to forego a few extra dollars on their paychecks for the possibility of a bigger payout later when the company grows or goes...
Allianz-Backed Fintech Startup, N26, Closes UK Mobile Bank Accounts, Blaming Brexit
Feb 12 2020 // N26 GmbH, the German mobile bank backed by billionaires Peter Thiel and Li Ka-Shing, said it will end UK operations citing the country’s departure from the European Union. The Berlin-based digital bank will close UK...
Insurtech Investments and Valuations Soar Even As Some Startups Fail Fast
Feb 10 2020 // Insurtech investments reached an historic high in 2019 but last year also capped a three-year period where a good number of insurtech startups called it quits. According to a new briefing on the sector from Willis Towers...
Private Equity Still Driving Agency M&As
Feb 10 2020 // Digital Buys Getting Some Attention; Buyers Getting Bigger; Prices Going Higher; Eyes on Digital The private equity bandwagon continued to roll through the insurance agency and brokerage mergers and acquisitions territory...
U.S. Permits Startup Nuro to Deploy Up to 5,000 Driverless Delivery Vehicles
Feb 7 2020 // In a first-of-its-kind approval by U.S. regulators, a federal agency on Thursday gave permission for autonomous vehicle startup Nuro Inc. over the next two years to deploy up to 5,000 low-speed electric delivery vehicles...
Insurtech Investments and Valuations Soar Even As Some Startups Fail Fast
Jan 31 2020 // Insurtech investments reached an historic high in 2019 but last year also capped a three-year period where a good number of Insurtech startups called it quits. According to a new briefing on the sector from Willis Towers...
