Sector Updates

Martha’s Vineyard Bank launches insurance agency through partnership with Insuritas

Martha's Vineyard Bank partnered with insurance agency Insuritas to begin offering personal, commercial and ancillary insurance services to Martha's Vineyard Bank's more than 30,000 customers.

Capital One UK taps YuLife in new insurance partnership to bolster employees’ wellbeing

UK financial services provider Capital One partnered with YuLife to reward employees for healthy behaviour through YuLife's tech-based life and wellness insurance package.

Virgin Galactic chairman backs connected car insurance startup Flock in $17m Series A round

Flock, a London-based InsurTech startup that provides usage-based insurance for fleets of commercial vehicles, has raised $17m funding in Series A round bringing its total funding to $22m.

Guros hits $30m valuation after close of latest funding round

Guros, an InsurTech helping transform buying insurance in Latin America, has netted $5.8m in funding, which puts its valuation at $30m.

InsurTech Spot reels in $17.5m in funding to save consumers from medical debt

Digital insurance startup Spot has raised $17.5m in funding, including $15m in equity and $2.5m in debt led by GreatPoint Ventures.

FRISS collects $65m in its Series B funding round

FRISS, an AI-powered end-to-end fraud prevention and detection solutions for P&C insurers, has collected $65m in its Series B round.

Agentero inks $13.5m to expand its digital insurance network for agents

Digital insurance network Agentero raised $13.5m in Series A funding led by Alma Mundi Ventures to drive growth for independent insurance agencies.

Earnix’s acquisition to help the InsurTech bolster its UBI/BBI solution

Insurance software company Earnix acquired AI telematics provider Driveway Software's assets to scale up its Usage-Based Insurance (UBI) and Behavior-Based Insurance (BBI) solutions.

Cyber Insurance tech platform At-Bay joins unicorn club after Series D close

At-Bay, a cyber insurance platform, has closed its Series D on $185m and brings its valuation to $1.35bn.

InsurTech aimed at emigrants asistensi said to raise ?8.9 investment

Spain-headquartered InsurTech company asistensi has reportedly collected ?8.9m in a funding round, which was led by 468 Capital.

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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