Sector Updates

BondAval secures $7m from Octopus Ventures-led seed round

InsurTech firm BondAval, which aims to democratise access to credit terms, has raised $7m from a seed funding round.

Hong Kong’s first virtual general insurer Avo scores more funding

Avo Insurance Company, which identifies as Hong Kong’s first virtual general insurance company, has secured an additional HDK 260 ($33.4m) in funding.

Product protection startup Mulberry gets funding boost

Mulberry, which provides product protection services to consumers, has collected $22m in its Series B round.

Surer collects seed funds after a successful first year of launch

Singapore-based Surer, a cloud-based InsurTech platform, has collected $1m in its seed round.

Digital signatures are the secret to standing out

As more people move towards online interactions with financial services organisations, firms are prioritising ways to improve the quality of these customers’ and employees’ interactions. Digital signatures could be the core feature to make a firm stand out from the crowd.

InsurTech Ennabl claims to have raised $4m in funding

Insurance startup Ennabl has raised $4m in new funding according to filings submitted with the Securities and Exchange Commission (SEC).

Cyber insurer At-Bay inks further $20m to extended Series D

Cyber insurance platform At-Bay has extended its Series D funding round with a further $20m raise.

Cyber black hole in US property insurance market could trigger over £12bn in losses

A study by CyberCube, AM Best and Aon has found a hidden cyber risk in the US property insurance market could trigger over $12.5bn in losses for the industry.

Redesigning fleet insurance – Humn collects Series A

Motor fleet insurance pricing service Humn has collected £10.1m in its Series A, which was led by BXR Group and Shell Ventures.

Personal finance specialist NerdWallet files for an IPO

NerdWallet, a provider of financial guidance to consumers through a range of different tools, is set to go public after it filed an IPO.

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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