Triple Point fuels Marshmallow’s mission with £15m revolving credit facility
Marshmallow, an InsurTech company that strives to make motor insurance accessible to underrepresented sectors, has secured a £15m three-year revolving credit facility from Triple Point Private Credit.
Cambridge Mobile Telematics teams up with the Kiefer Foundation to combat distracted driving
Cambridge Mobile Telematics (CMT), a telematics service provider, and the Kiefer Foundation, an entity focused on ending distracted driving, have announced their continued collaboration.
Firemark Ventures backs Ravin AI for vehicle inspection technology
Ravin AI, a provider of deep learning vehicle inspection technology, has secured an investment from Firemark Ventures, to provide its technology to retail customers and commercial fleets.
CCC Intelligent Solutions teams up with Verisk to prevent auto insurance fraud
CCC Intelligent Solutions (CCC) has partnered with global analytics provider Verisk to leverage the two providers’ market-leading technologies to prevent auto insurance fraud.
Clearcover launches embedded car insurance solution
Clearcover Insurance Company, a next-generation car insurance company, has launched an embedded insurance solution in which consumers receive final, bindable quotes when they shop via Experian's auto insurance comparison shopping service.
Brazilian auto InsurTech Justos bags $5.5m
Justos, a Brazil-based auto InsurTech startup, has raised $5.5m in a funding round led by a major reinsurer.
Direct Line in By Miles take-over
Direct Line has acquired By Miles Group, a Managing General Agent (MGA) and provider of real-time pay-by-mile insurance policies.
Canopius to offer auto coverage in US Virgin Islands
Canopius Group, a global specialty reinsurer, and Theodore Tunick and Marshall & Sterling, a broker for all lines of business and personal insurance, will offer admitted auto coverage to personal and commercial insureds in the US Virgin Islands in agreement with Samsung Fire and Marine Insurance (SFMI).
Arity and CAS team up to increase access to UBI products
Arity, a mobility and data analytics company, is partnering with Connected Analytics Service (CAS), a Toyota affiliate, to provide driving data from connected vehicles to auto insurance carriers to enable policyholder to access usage-based auto insurance (UBI) products.
Universal API for insurance developer Axle nabs $4m
Axle, which aims to bridge the gap in insurance through a universal API for insurance data, has secured $4m in a fresh funding round.
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