InsurTech startup Urban Jungle scores $23m
UK-based InsurTech startup Urban Jungle has raised $23m in a Series A funding round led by North American venture capital investor Intact Ventures.
Homethrive secures $20m Series B for family caregiving support
Homethrive, which describes itself as a “caregiving benefit innovator”, has raised $20m in Series B funding in a round led by Human Capital.
Zurich to sell Russian business following calls to cut ties
Global insurer Zurich Insurance Group has agreed to sell its business in Russia to 11 members of the unit’s team following mounting pressure on financial institutions and insurers to cut ties with the region.
The Zebra and MediaAlpha extend partnership
MediaAlpha, a customer acquisition marketplace for the insurance industry, has extended its agreement with The Zebra, an insurance comparison site.
Hippo’s First Connect to offer cyber insurance by Chubb
First Connect has partnered with Blink to offer personal cyber insurance to independent agents that participate in First Connect’s InsurTech marketplace platform.
The role of AI and machine learning in the customer experience
The insurance industry has paid lip service to AI and machine learning for some time. However, adoption has been underwhelming. As firms come under intense pressure to meet changing customer demands, could this instigate more rapid AI adoption?
Parametrix Insurance teams up with IMA for cloud downtime insurance
Parametrix Insurance, a provider of parametric cloud downtime insurance, has partnered with IMA Financial Group (IMA), a North American insurance brokerage firm specialising in risk management, insurance, wholesale brokerage and wealth management.
Skyline, Howden, and Munich Re in parametric insurance alliance
Parametric InsurTech Skyline Partners has partnered with Howden and global reinsurer Munich Re to develop a parametric insurance solution designed to protect farmers in Jamaica from extreme weather events.
Socotra in Avolanta take-over to modernise insurance
Socotra, a platform for insurers and InsurTech MGAs, has acquired Avolanta, a software startup offering a unified portal for the insurance industry.
Amex backs Trellis’ insurance vision
Digital insurer Trellis has received an investment from Amex Ventures, bringing its total funding to $17m since inception.
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