Insurers are backing autonomous vehicle technology
Tokio Marine and State Farm Ventures backed May Mobility, which develops autonomous vehicle technology, in its recent $111m Series C round.
Stable to protect rideshare vehicle owners
Stable, an InsurTech for rideshare drivers and fleets, has launched its first insurance product for owner operators – drivers who own vehicles that they drive on rideshare networks such as Uber and Lyft.
Tarmika and AssuredPartners to serve small business insurance needs
Tarmika, a commercial lines rating solution streamlining small business insurance, has partnered with AssuredPartners, an insurance brokerage and independent insurance agency in the US.
Ivans teams up with InsurTech Relativity6 for AI-driven workflows
Ivans, an industry network for insurance professionals, has partnered with Relativity6, an AI platform, to enhance commercial lines quoting for agents and carriers.
Munich Re backs freight InsurTech MiKargo247
An InsurTech newcomer, MiKargo247, is to be backed by Munich Re Syndicate, the Lloyd’s of London Marine & Specialty underwriter of reinsurance giant Munich Re.
Mercury Insurance rolls out usage-based and safe driving app
Mercury Insurance has made its usage-based insurance app, MercuryGO, available to drivers in Virginia to help improve driving skills and safety.
Chainproof to insure the future of Web3
With backing from Munich Re, Chainproof, which aims to “insure the future of Web3” has officially launched.
German InsurTech wefox hits $4.5bn valuation after Series D close
Berlin-based InsurTech company wefox has closed its Series D funding round on $400m, bringing its valuation to $4.5bn.
BlackFin commits €350m fund for European InsurTechs and FinTechs
BlackFin Capital Partners, a private equity and venture capital firm focusing on financial services, has closed its Tech 2 fund at €350m.
SiriusPoint expands portfolio with Alta Signa partnership
SiriusPoint, a global specialty insurer and reinsurer, has partnered with Alta Signa, a European Manging General Agent (MGA) specialising in financial and professional lines insurance.
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