insurtech 2019 News

ACORD InsurTech Innovation Challenge’s European Winner Is Riskbook

ACORD, the global standards body for the insurance industry, has announced that Riskbook was the winner of the London semi-final round of the ACORD InsurTech Innovation Challenge (AIIC), with RITA and Optimiz.Claims named as runners up. Riskbook is focusing on …

Lemonade’s European Expansion Begins in Germany

Lemonade is making good on its promise to expand into Europe, with news that it is now open for business in Germany. The New York-based startup said it has started offering contents and liability insurance in Germany, instantly, anytime and …

MGA Insurtech GetSafe Lands $17M Financing to Fuel European Expansion

A managing general agent in Germany that relies on artificial intelligence for its customer platform has raised $17 million in first-round financing. Getsafe’s new money will help propel an expansion into Great Britain and the rest of Europe, and millennials …

Insurtech Investments Break New Records in Q1

Insurtech investors worldwide executed the highest number of transactions, the highest number of property/casualty transactions, and the highest volume of Series B and Series C funding rounds during the first three months of 2019, according to the new Quarterly InsurTech …

Lloyd’s Invests in AI Startup Offering Liability Insurance Platform for Small Businesses

Lloyd’s announced it is investing in Layr, a cloud-based commercial insurance platform for small businesses looking to purchase liability insurance. The investment follows Layr’s successful trial in the Lloyd’s Lab, which gives insurtech startups the opportunity to work with Lloyd’s …

AI Startup Cytora Raises $32.5M to Expand Commercial Insurance Products, Geographies

Cytora, the London-based provider of artificial intelligence-powered solutions for the commercial insurance industry, announced it has raised £25 million ($32.5 million) in new financing, which will be used to accelerate expansion of the company’s product suite as well as its …

Insurtech Lemonade Raises $300 Million; SoftBank, Allianz, Alphabet Among Investors

Lemonade, the insurance company built around artificial intelligence and behavioral economics, announced the signing of a $300 million Series D funding round led by SoftBank Group with participation from Allianz, General Catalyst, GV (formerly known as Google Ventures), OurCrowd, and …

How Insurtech Will Revolutionize Inland Marine by Cutting Costs

Insurtech advances will soon drive down unacceptably high expense ratios in the inland marine sector, making it possible to insure even hard-to-place, small or one-off inland marine risks at the best possible rates. Carriers and brokers are building Internet-based underwriting …

Hannover Re Offers Match-Making Service for Insurtechs, Insurers Called ‘hr | equarium’

Insurtech companies across the globe have created an abundance of innovative solutions and services that span the insurance value chain. However, the challenge for both insurers and insurtechs is how to find the best match. That’s why Hannover Re has …

Emerging Markets to Drive Global Insurance Growth over Next Decade: Swiss Re’s Sigma

Emerging markets will remain the growth engine of the global economy and insurance industry over the next decade, reflecting a continuing shift of economic power from west to east, according to Swiss Re Institute’s latest sigma report. Discussing the macro-economic …