FinTech News

ROOM8 closes doors on latest funding round

ROOM8, which uses data to optimize the matching of roommates, has closed an investment to launch new capabilities later this year.

Corvus Insurance eyes new funding round as it goes into the new year

Corvus Insurance, a platform helping brokers and policyholders better predict and prevent risk, has raised up to $31m in a new funding round.

What is the biggest challenge InsurTech startups face?

From bigger investment rounds to more insurers adopting the latest tech, many things are rapidly changing in the InsurTech space.

Loadsure nets £1.1m in seed round led by Insurtech Gateway

By leveraging powerful predictive analytics tools, InsurTech Loadsure has set out to deliver on-demand spot freight cargo insurance to the US market, enabling brokers, shippers and carriers to cut costs significantly.

Clearcover secures $50m as it looks to launch in more US states

Clearcover, an auto insurance platform, has secured $50m in its Series C round which was led by OMERS Ventures.

InsurTech 100 company Bold Penguin acquires Xagent

Bold Penguin, an InsurTech 100 company, has acquired xagent, a multi-quote platform for standard and surplus lines business insurance.

Toffee Insurance said to close $5.5m Series A round

Toffee Insurance, an Indian InsurTech startup, has reportedly closed a Series A round on $5.5m to support the creation of new products.

Policygenius releases pair of new tools

Policygenius, an online insurance marketplace has released two new tools which will simply the process of taking out a policy.

REIN teams up with Volvo to support US launch

Insurance software developer REIN has received an investment from Volvo Financial Services to help deploy new products for the commercial transport industry.

Bright Health raises $635m in oversubscribed Series D

Bright Health, which offers a selection of healthcare benefits, has raised $635m in an oversubscribed Series D round.

News Stories

Wellness programmes have become an increasingly common feature in life insurance offerings. Many insurers launch digital health initiatives with strong internal support and early customer interest. Yet maintaining engagement over time remains a persistent challenge.

Why life insurers struggle to sustain wellness programme engagement

Wellness programmes have become an increasingly common feature in life insurance offerings. Many insurers launch digital health initiatives with strong internal support and early...
INSTANDA has launched INSTANDA MAX, a new ‘underwriter-first’ capability designed to help commercial and non-admitted insurers underwrite tens of thousands of complex assets within a single policy in real time.

INSTANDA introduces MAX to scale commercial underwriting with AI

INSTANDA has launched INSTANDA MAX, a new ‘underwriter-first’ capability designed to help commercial and non-admitted insurers underwrite tens of thousands of complex assets within...
Acrisure has acquired technology-driven managing general agent Vave from Canopius Group, strengthening its position in the US insurance market and expanding its data-led underwriting capabilities.

Acrisure strengthens E&S underwriting with Vave acquisition

Acrisure has acquired technology-driven managing general agent Vave from Canopius Group, strengthening its position in the US insurance market and expanding its data-led underwriting...
Talanx AG has raised €1bn through a dual bond issuance aimed at strengthening its capital structure and supporting long term financial flexibility.

Talanx lands €1bn through dual bond issuance

Talanx AG has raised €1bn through a dual bond issuance aimed at strengthening its capital structure and supporting long term financial flexibility. The financing consists...
UK insurer Covéa is overhauling how it manages fraud and risk across the insurance lifecycle, selecting Shift Technology as a long-term strategic partner to support a new end-to-end approach spanning underwriting, claims and mid-term policy adjustments.

Covéa adopts Shift AI to unify underwriting and claims risk

UK insurer Covéa is overhauling how it manages fraud and risk across the insurance lifecycle, selecting Shift Technology as a long-term strategic partner to...
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