Sector Updates

Crabi to use seed funding to help more Mexicans access auto insurance

Mexico-based InsurTech company Crabi has reportedly collected $4m in seed funding, to support its mission of improving auto insurance in the country.

AlgoDriven secures Series A to help insurers assess used car prices

AlgoDriven, which helps vehicle dealers, insurance firms and lenders to get the accurate prices for cars, has received $2m in its Series A funding round.

New insurance accelerator plans to bring startups to market within six months

Insurance corporate accelerator MLTPLY has launched with the aim of helping InsurTech startups be market-ready within half a year.

German InsurTech Getsafe extends Series B to accelerate expansion

Digital insurance company GetSafe has secured $63m in funding to extend its Series B total raise to $93m.

InsurTech company Sure nets $100m in its Series C round

Sure, an InsurTech helping firms unlock the potential of embedded insurance, has closed its Series C on $100m.

Coalition acquires broker platform Attune on back of strong Series E

Cyber insurance company Coalition has snapped up commercial insurance-focused broker platform Attune for an undisclosed fee.

InsurTech Voom rakes in $15m funding to expand UBI model

Voom, an InsurTech that provides usage-based insurance (UBI) for e-scooters, e-bikes and related devices, has secured $15m in funding.

Why decision intelligence is the future of underwriting

Underwriting is one of the most important parts of insurance. Improving this process will help an insurer better evaluate risk and offer better prices. The key to this is correctly leveraging the magnitude of data that now exists.

Neptune Flood acquires disaster insurance firm Jumpstart

InsurTech Neptune Flood has purchased Jumpstart Insurance Solutions, a parametric insurance company, for an undisclosed fee.

Insurate bags $4.5m from HSCM Ventures-led seed round

Worker compensation underwriter Insurate has secured $4.5m from a seed funding round led by HSCM Ventures.

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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