insurtech 2020 News

AI Specialist omni:us Partners with Insurtech Rokk3r to Enter Latin American Market

omni:us, the insurance-focused artificial intelligence (AI) solution business, has announced a partnership with Rokk3r, a global innovation technology and consulting company, to enable the AI company to enter the Latin American insurance market. In 2019, Berlin-based omni:us began building a …

Insurtech ‘Babel Cover’ Collaborates with Maltese Insurer Atlas to Offer Bicycle Insurance

Babel Cover, a British insurtech start-up, is working with Maltese insurer Atlas and emerging technology firm Piprate to insure bicycles of competitive cyclists, triathletes and commuters of Malta. The intention of the pilot is to perform live and controlled product …

Lloyd’s Picks 12 Insurtech Startups for Next Cohort of Its Innovation Lab

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 cohort of the Lloyd’s Lab, which starts …

P/C Insurers Score Low for Innovation, While Reinsurers Do Better: AM Best

In an initial test of its new innovation assessment scores, AM Best found that only 1 percent of rated property/casualty insurers merit scores high enough to categorize them as innovation leaders, according to a recent report. The special report, “AM …

Insurtech INSTANDA Raises $19.5M to Support International Expansion

INSTANDA, the London-based customer and policy management platform for the insurance industry, has completed a $19.5 million Series A fundraising round, the company announced. Led by Assembly Capital Partners, the investment will support the firm’s international expansion in the United …

Verisk Expands Insurtech Solution OneXperience into Commercial Insurance

Insurance data analytics and risk modeling firm Verisk announced the expansion of its new insurtech solution OneXperience into commercial insurance. This expansion will enable agents and businesses to engage and closely collaborate with insurers by sharing video surveys of commercial …

Chaucer Partners with Artificial Labs to Offer ‘Next Generation’ U/W Platform

Chaucer, the London-based specialty re/insurance group, announced a new partnership with London-based insurtech Artificial Labs to deliver a next generation underwriting platform for high-volume specialty products. The partnership will provide a smarter and more efficient underwriting service to brokers and …

Specialist MGA CFC Acquires London Insurtech Firm, ThreatInformer

CFC, the specialist managing general agent, announced it has acquired the London-based insurtech firm, ThreatInformer. Leveraging a combination of artificial intelligence and machine learning, ThreatInformer’s data enrichment technology helps insurance companies better understand their customers’ exposures by compiling readily-available information …

UK Insurtech Startup battleface Receives Investment from Fintech Ventures Fund

Insurtech startup battleface Inc., a UK firm that provides travel insurance products for unconventional travelers worldwide, announced it has successfully closed its seed financing round with backing from leading strategic and venture capital investors. Atlanta, Ga.-based Fintech Ventures Fund has …