Sector Updates

Singapore-headquartered Docsumo, which helps firms automate decisions from customer documents, has netted $3.5m in its seed funding round.

Digital life insurance startup DeadHappy has reportedly scored $15m in its latest funding round.

Despite the fact that travel was hit hard by the Covid-19 pandemic, the need for sufficient medical coverage has been thrust into the spotlight. Air Doctor bridges the gap between insurers, doctors and travellers to offer a universal healthcare product, at a time when it is particularly anxiety-inducing to fall ill whilst abroad.

Anthemis Group, a cultivator of change in the financial system, was the most active InsurTech investor in 2021, participating in a total of 11 transactions. FinTech Global sits down with the prolific VC to discuss what exactly it sees in the InsurTech industry.

InsurTech Plum Life has closed a $5.3m seed round led by ManchesterStory to grow its agent-only digital life insurance platform.

Cover Whale Insurance Solutions is partnering with dreyhev to build a risk-based technology process to transform commercial auto insurance.

Global insurance broker Acrisure has acquired Spain-based Summa Insurance Brokerage, marking its entry into its tenth global market.

Global data analytics provider Verisk has acquired provider of property intelligence solutions Opta with the goal of reshaping risk management.

Research by software company Smart Communications has outlined the importance of delivering personalised, omnichannel conversations amid increasing consumer expectations to build trust.

FinTech Global recently conducted an interview with data and analytics software firm, Quantexa to discuss key insurance market themes from this year and what the industry should look out for in 2022.