Finsall said to raise $1.6m in pre-Series A
InsurTech company Finsall has reportedly raised INR 12 crore ($1.6m) in its pre-Series A funding round.
Honeycomb poised to “change the game of real estate insurance”
Israel-based InsurTech startup Honeycomb Insurance has secured $15.4m in a Series A funding round led by Ibex Investors, a report by Coverager has revealed.
Foresight lands funding for worker compensation
Foresight Group, an insurer of high-hazard clients, has raised $39m in Series B funding for its technology-based workers’ compensation programme, a report by Insurance Innovation Reporter has revealed.
Mondee and battleface team up for travel insurance
battleface, a full stack global travel insurance company, has partnered with Mondee to offer travel insurance cover.
Smartcar lands funding for its mobility API solution
Smartcar, an API developer platform for connected vehicles, has closed a $24m Series B round led by Energize Ventures.
AFG acquires InsurTech Verikai in $120m deal for its AI solutions
Insurance holding company American Financial Group (AFG) has acquired Verikai, a machine learning and artificial intelligence (AI) company, in a $120m deal.
Digit Insurance said to raise $70m investment
India-based InsurTech unicorn Digit Insurance has reportedly raised $70m from Wellington Hadley Harbor and Ithan Creek Master Investors.
Tractable launches tool to revolutionise claims after natural disasters
Tractable, which has developed an AI solution for visual assessment and disaster recovery, has launched a new solution to assess damage to buildings after natural disasters.
Sentiance and RAC helped reduce distracted drivers by 60%
Sentiance, which co-developed the Safer Driver app with the Royal Automobile Club of Western Australia (RAC), has helped reduce distracted driving by nearly 60%.
Accelerant secures funding for data-driven underwriting
Accelerant, an InsurTech empowering underwriters with superior risk exchange and data analytics coupled with long-term capacity commitments, has raised in excess of $190m at a $2bn pre-money valuation.
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