Latest Startups Headlines
All the headlines from our Startups Topic Page, ordered by recency.
Bayer-Backed Health Startup, Medopad, Seeks $30M in New Funding: Sources
Aug 17 2017 // Medopad Ltd., backed by pharmaceuticals giant Bayer AG, is looking to raise new funds, joining the clutch of fast growing U.K. startups that are mixing artificial intelligence and health care. A London-based mobile...
Why and How P/C Insurance Carriers Should Work with Insurtechs
Aug 15 2017 // Startup insurtechs need partnerships more than they need money from insurance carriers, according to one leading venture capitalist actively funding insurance technology firms. Venture firm XL Innovate’s Martha...
Reinsurers Invest in Fintech Startups to Diversify and Grow in Soft Market
Aug 11 2017 // When Micah Carr-Hill wanted to insure Chief, the Labrador that helps with his son’s autism therapy, he found an ally in Munich Re, the world’s biggest reinsurer. The German company had just teamed up with a...
SoftBank Invests in Online Startup Lender Kabbage (Which Might Sell Insurance)
Aug 3 2017 // SoftBank Group Corp. has plowed $250 million into online lender Kabbage Inc., the latest in a flurry of big bets on mature startups by the Japanese technology company. Kabbage will use the new money to expand its lending...
Compare.com Is Proof Insurance Disruption Won’t Happen Overnight: CEO Rose
Aug 2 2017 // Disrupting an industry that has been doing things the same way for a generation takes time. Take it from one major insurance disruptor – compare.com. The online insurance comparison marketplace launched in the U.S. in...
Allianz, Insurtech Startup Flock to Launch Pay-As-You-Fly Drone Cover in UK
Jul 27 2017 // Allianz Global Corporate & Specialty (AGCS) has partnered with insurtech startup Flock to launch on-demand drone insurance in the UK market through a mobile app for commercial and recreational users. To be available in...
Silicon Valley Fund Has $120M to Spend on Transportation Tech Including Insurance
Jul 13 2017 // Autotech Ventures, a Silicon Valley venture capital firm, said it had raised $120 million from automotive companies and financial investors for a fund that will invest in startups working on transportation services and...
Silicon Valley Honors Munich Re US and Mozeika for Insurtech Leadership
Jul 11 2017 // A Silicon Valley innovation platform that connects technology startups, corporations and investors has recognized Munich Re, US for leadership in the insurtech space. The high-tech incubator and mentoring group known as...
Looking at Insurtech the Wrong Way
Jul 10 2017 // Insurtechs stimulate a lot of debate among agents about the extent to which they pose a threat and what should be done to address it. Some dismiss the threat by analyzing flaws in a particular venture or mocking past...
Insurtech Startup Buys MGA in California with Aim of Delivering Product for Agents
Jul 10 2017 // Insurtech startup Bridger has purchased Pleasanton, Calif.-based SCJ Insurance Services in a step toward launching what the firm contends will be “simpler, cheaper, and easier-to-manage automotive...
Symantec to Acquire Israeli Cyber Security Startup Fireglass
Jul 7 2017 // Symantec Corp. is acquiring Israeli cyber security startup Fireglass, the company said on Thursday, in a small deal designed to boost its products that protect corporate email and web browsing from threats. Symantec is...
Startup Auto Insurer Root Expands by 2 States, Pairs with Lyft on Rental Coverage
Jul 6 2017 // Startup telematics-based auto insurer Root is now offering rental coverage in partnership with ridesharing firm Lyft. For policyholders with short-term needs for alternate transportation after an incident, Root will now...
As Agents’ Needs Change and Startups Emerge, Big ‘I’ Looks to Remain Relevant
Jun 26 2017 // Spencer Houldin is chairman of the nation’s largest and oldest agents’ association, the Independent Insurance Agents and Brokers of America (Big “I”). He is also co-president of the family-run...
Insurtech Startup Buys MGA in California with Product for Agents in Mind
Jun 22 2017 // Insurtech startup Bridger has purchased Pleasanton, Calif.-based SCJ Insurance Services in a step toward launching what the firm contends will be “simpler, cheaper, and easier-to-manage automotive...
Bitcoin Startup, Blockchain, Raises $40M in New Funding from Heavy Hitters
Jun 22 2017 // Blockchain, the London-based bitcoin currency service provider, has raised $40 million of fresh funding, representing one of the largest investment rounds in the financial technology sector since Britain’s vote to...
Startup Next Insurance Closes Funding Round Worth $35 Million with Amex Aboard
Jun 21 2017 // 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...
Startup Decisely: Insurtech ‘For Brokers, By Brokers’ Targets Small Business Benefits
Jun 16 2017 // Some see insurtech as the enemy. Others see it as a sign of things to come. Then there’s EPIC Insurance Brokers & Consultants, which is clearly embracing the insurtech craze while soliciting brokers to join...
Uber’s Plans for Trucking Industry Hit Detours
Jun 16 2017 // Uber Technologies Inc.’s drive to become a major player in the trucking business is off to a bumpy start, with analysts and industry executives questioning what exactly the company can bring to the sprawling...
With Insurer Backing, Home Sensor Startup Notion Raises $10 Million
Jun 14 2017 // 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...
Corporate Venture Arm of CNP Assurance Leads Investment in Blockchain Startup
Jun 9 2017 // U.S. exchange group Nasdaq Inc has joined a 7 million-euro ($7.9 million) investment round in Stratumn, which helps companies develop applications using blockchain technology, the Paris-based startup said on Thursday [June...
