Sector Updates

Lemonade acquisition of Metromile comes under scrutiny

Global investor rights law firm Halper Sadeh LLP has launched an investigation into whether the sale of Metromile to Lemonade is fair to Metromile shareholders.

Lemonade in Metromile take-over as it launches into car insurance

Lemonade, the insurance company that leverages AI technology, has entered into an agreement to acquire Metromile, a digital insurance platform based in the US.

Amazon partners with Marsh to extend product liability coverage for SMEs

Retail giant Amazon has teamed with global insurance broker Marsh to help small business sellers get affordable coverage on product liability.

Pay-as-you-go insurer Collective Benefits secures second investment this year

Collective Benefits, a pay-as-you-go insurance service, has collected $10m in its Series B funding round.

Owl.co nets $30m Series B to expand insurance platform

Insurance claims monitoring platform Owl.co has raised $30m in a Series B funding round led by Cota Capital.

FRISS collects funding to expand risk assessment technology

End-to-end fraud prevention solution for insurers FRISS has closed a fresh investment from Guidewire, which build software for P&C insurers.

InsurTech startup Nimbla closes funding round

Nimbla, a digital bunsiness insurance startup, has collected £5.1m in its latest funding round

InsurTech Mployer Advisor secures $1.6m funding

Insurance broker platform Mployer Advisor has raised $1.6m in a financing round led by Martin Ventures.

Hylant releases tool to help restaurant owners insurer delivery drivers

Hylant, a large privately owned insurance brokerage in the US, has launched RoadPilot, a pay as you go insurance service for the restaurant home food delivery industry.

Investment firm Aquiline snags majority stake in InsurTech Ripe Thinking

Digital underwriting and insurance distribution platform Ripe Thinking has had a majority stake in its company bought by private investment business Aquiline Capital Partners.

News Stories

Producer licensing is one of those parts of insurance that tends to stay in the background until it starts slowing everything else down. As carriers expand their agent networks, the process of onboarding producers, managing appointments, and maintaining compliance records often still depends on fragmented systems and manual intervention.

Fixing the producer bottleneck in insurance distribution

Producer licensing is one of those parts of insurance that tends to stay in the background until it starts slowing everything else down. As...
Simply Business, a digital insurance marketplace, has launched a business insurance app on ChatGPT in the US, alongside a separate rollout in the UK.

Simply Business brings small business insurance pricing into ChatGPT

Simply Business, a digital insurance marketplace, has launched a business insurance app on ChatGPT in the US, alongside a separate rollout in the UK. The...
Cytora, a digital risk processing platform, has announced a strategic relationship with LexisNexis Risk Solutions to embed advanced data and analytics into its platform for US commercial insurers.Cytora, a digital risk processing platform, has announced a strategic relationship with LexisNexis Risk Solutions to embed advanced data and analytics into its platform for US commercial insurers.

Cytora partners LexisNexis to enhance US commercial underwriting

Cytora, a digital risk processing platform, has announced a strategic relationship with LexisNexis Risk Solutions to embed advanced data and analytics into its platform...
INSTANDA, a no-code insurance platform provider, has partnered with DataCrest, a workflow solutions firm, to enhance submission intake and quoting efficiency for insurers and MGAs.

INSTANDA and DataCrest team up to streamline insurance submissions

INSTANDA, a no-code insurance platform provider, has partnered with DataCrest, a workflow solutions firm, to enhance submission intake and quoting efficiency for insurers and...
Openly, a tech-enabled homeowners insurance provider, has secured a growth investment round led by existing investors Eden Global Partners, Advance Venture Partners and Gradient, with strategic participation from Allianz X.

Openly boosts expansion plans with funding and Allianz Re deal

Openly, a tech-enabled homeowners insurance provider, has secured a growth investment round led by existing investors Eden Global Partners, Advance Venture Partners and Gradient,...
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