Accelerant secures funding for data-driven underwriting
Accelerant, an InsurTech empowering underwriters with superior risk exchange and data analytics coupled with long-term capacity commitments, has raised in excess of $190m at a $2bn pre-money valuation.
Cyber insurance startup Baobab nets pre-seed
Baobab, which bundles cybersecurity and cyber insurance services, has reportedly collected €3.5m in its pre-seed funding round.
Amplify gets backing for life insurance investment product
Amplify Life Insurance, a digital life insurance platform focused on helping customers build wealth through permanent life insurance, has raised $12m in Series A funding.
Seel secures Series A for e-commerce insurance
San Francisco-based Seel, which offers insurance for e-commerce companies, has raised $17m in Series A funding, bringing its total funding to $23.6m, according to a report from TechCrunch.
InsurTech Zego embarks on European expansion
Commercial motor insurer Zego is launching in the Netherlands and ramping up its operations in France.
Synchrony and Pawlicy partner for accessible pet insurance
Synchrony, premier consumer financial services company, and pet insurance marketplace Pawlicy Advisor are joining forces to help consumers better plan for expenses regarding their pet.
Novidea taps into surging demand for cloud solutions
Novidea, a cloud-based solutions provider for the insurance industry, has experienced over 100% year-on-year growth and doubled its operations in 2021 due to increased global demand from brokers, agents and MGAs.
WTW and Tempcover team up for usage-based insurance
Willis Towers Watson (WTW) global advisory, broking and solutions company, has partnered with InsurTech Tempcover to deliver a usage-based automotive insurance solution for the digital generation.
3 trends driving digital transformation in insurance in 2022
As the world settles into 2022, cloud-based InsurTech Novidea has outlined the three major trends it expects to drive digital transformation this year.
Blockchain-based insurance to save $10bn in claims admin
Blockchain-based insurance will transform claims administration and save $10bn in costs globally by 2024, up from $1.1bn in 2021, according to a report from Juniper Research.
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