Funding Rounds

InsurTech iCover secures funding to expand footprint, bolster expertise

Missouri-based underwriting platform iCover has raised an undisclosed amount of seed funding from a number of unnamed backers.

Five Sigma snares $12m Series A to speed-up growth and expansion plans

InsurTech firm Five Sigma has reeled in $12m from a Series A funding round led by 83North.

Vouch inks $90m in funding and expands insurance footprint

Business insurance firm Vouch has raised $90m in new funding as well as bolstering its reach in the InsurTech market.

Rey Assurance emerges out of stealth with $1m pre-seed

InsurTech Rey Assurance has reeled in $1m in pre-seed funding to unveil its subscription-based digital insurance products in Indonesia.

KLAIM secures $1.6m in pre-Series A funding

KLAIM, which buys healthcare claims from healthcare providers to alleviate them from cash flow troubles caused by insurance companies, has bagged $1.6m in its pre-Series A round.

Renters platform Jetty receives funding from American insurer

Jetty, which hopes to make renting more affordable, has received an investment from Farmers Insurance, an American insurer group.

InsurTech Marshmallow becomes Britain’s second Black-owned unicorn after fresh funding

Digital motor insurer Marshmallow has raised $85m, valuing it at more than $1.25bn and making it the second British Black-founded unicorn.

Brazil-based Pier reportedly raises $20m in its Series B

Brazilian InsurTech company Pier has reportedly raised $20m in its Series B funding round, as it looks to receive regulatory approval.

Kalepa said to raise $14m in its Series A round

Kalepa, which provides AI-powered decision support for commercial Insurance underwriters, has reportedly raised $14m in its Series A round.

InsurTech AgentSync raises $25m in Series A funding round

US-based InsurTech AgentSync secured $25m in a new Series A funding round co-led by Lead Gil and David Sacks’ Craft Ventures.

News Stories

Producer licensing is one of those parts of insurance that tends to stay in the background until it starts slowing everything else down. As carriers expand their agent networks, the process of onboarding producers, managing appointments, and maintaining compliance records often still depends on fragmented systems and manual intervention.

Fixing the producer bottleneck in insurance distribution

Producer licensing is one of those parts of insurance that tends to stay in the background until it starts slowing everything else down. As...
Simply Business, a digital insurance marketplace, has launched a business insurance app on ChatGPT in the US, alongside a separate rollout in the UK.

Simply Business brings small business insurance pricing into ChatGPT

Simply Business, a digital insurance marketplace, has launched a business insurance app on ChatGPT in the US, alongside a separate rollout in the UK. The...
Cytora, a digital risk processing platform, has announced a strategic relationship with LexisNexis Risk Solutions to embed advanced data and analytics into its platform for US commercial insurers.Cytora, a digital risk processing platform, has announced a strategic relationship with LexisNexis Risk Solutions to embed advanced data and analytics into its platform for US commercial insurers.

Cytora partners LexisNexis to enhance US commercial underwriting

Cytora, a digital risk processing platform, has announced a strategic relationship with LexisNexis Risk Solutions to embed advanced data and analytics into its platform...
INSTANDA, a no-code insurance platform provider, has partnered with DataCrest, a workflow solutions firm, to enhance submission intake and quoting efficiency for insurers and MGAs.

INSTANDA and DataCrest team up to streamline insurance submissions

INSTANDA, a no-code insurance platform provider, has partnered with DataCrest, a workflow solutions firm, to enhance submission intake and quoting efficiency for insurers and...
Openly, a tech-enabled homeowners insurance provider, has secured a growth investment round led by existing investors Eden Global Partners, Advance Venture Partners and Gradient, with strategic participation from Allianz X.

Openly boosts expansion plans with funding and Allianz Re deal

Openly, a tech-enabled homeowners insurance provider, has secured a growth investment round led by existing investors Eden Global Partners, Advance Venture Partners and Gradient,...
224931

60,000+ InsurTech leaders get exclusive insights delivered every week