Employee InsurTech Onsurity bags $16m in Series A raise
Indian employee benefits platform Onsurity has raised $16m from a Series A funding round led by Quona Capital and Nexus Venture Partners.
MotoRefi extends Series B with extra $5m capital raise
Auto refinancing company MotoRefi has raised an additional $5m in its extended Series B funding round.
AXA unveils new digital claims offering for motor insurance customers
Insurance giant AXA has introduced STeP, a new digital claims solution to help customers simplify their motor insurance process.
South African InsurTech Ctrl rakes in $2.3m investment
Short-term insurance advice provider Ctrl has secured a $2.3m investment from business funder Naspers Foundry.
Bolttech bolsters market reach with I-surance acquisition
Singaporean InsurTech Bolttech has purchased European business-to-business-to-consumer fellow InsurTech I-surance for an undisclosed fee.
Jay-Z-backed Ethos bolsters unicorn status with SoftBank investment
US life insurance firm Ethos has secured a $2.7bn valuation after a $100m investment from SoftBank Group.
Insurtech firm Kin enters merger to go public on NYSE
US InsurTech Kin plans to merge with Omnichannel Acquisition – a special purpose acquisition company – to go public on the New York Stock Exchange (NYSE).
Collective Benefits rakes in £6m to aid expansion, bolster worker safety net
UK Insurtech startup Collective Benefits has secured £6m in a funding round led by US venture firm NFX.
Howden launches sustainable underwriter, plans $500m raise
International insurance broker Howden has introduced Parhelion Underwriting with the aim of raising $500m after it was seeded by Howden.
Cyber insurance market to exceed $20bn value by 2025, report finds
A report by GlobalData has found the cyber insurance industry is predicted to exceed a $20bn gross written premium (GWP) value by 2025.
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