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 products for …
Zurich, together with its travel insurance unit Cover-More, has completed the acquisition of Halo, a specialist, UK-based online rental car insurance platform. Financial details of the transaction were not disclosed. Zurich said it is becoming increasingly active in the fast-growing …
Investor interest in insurtech is expected “to remain hot across all regions of the world” during 2017, following strong growth in 2016, according to a report published by KPMG. In the coming year, most insurtech investments likely will focus on …
Insurance CEOs are more concerned than leaders in other industries about combined disruptive threats to their revenue growth prospects, according to findings from the 20th annual “PwC Global CEO Survey.” PwC polled 95 insurance CEOs from 39 countries, who expect …
The twin forces of regulation and technology will see the emergence of new distribution models in 2017. This sounds like a commonly heard disrupter scenario for the U.S. and European markets, but it’s actually a prediction for the future of …
Insurtech has a complementary place in the traditional insurance world, despite remaining uncertainty in the industry about how it will function on a wide scale, Standard & Poor’s said in a new report. “We do not expect traditional insurance business …
Zenefits, a software startup valued at $4.5 billion, said on Monday it had replaced founder and Chief Executive Parker Conrad and appointed a new leader for the troubled tech company. David Sacks, a former executive at Yammer and PayPal who …
Captricity Inc., an Oakland, Calif.-based startup that gives businesses in regulated industries easy access to customer data trapped in handwritten forms, has raised $35 million in a Series C round of financing led by White Mountains Insurance Group. The latest …
Insurance agents aren’t dead yet, but even underwriters participating in the personal automobile insurance market may be looking for another line of work within the next two decades, industry observers said at a recent conference. “The most radical view of …
