Sector Updates

PropTech Jones snags $12.5m for its commercial real estate vendor compliance platform

Israeli commercial real estate startup that automates the insurance compliance process for tenants and property managers Jones raised a $12.5 Series A funding round.

InsurTech BackNine exposes sensitive information of thousands of insurance applications after security breach

A security lapse at insurance technology startup BackNine exposed hundreds of thousands of insurance applications after one of its cloud servers was left unprotected on the internet.

Why Revolut and the CyberTech industry stand out from the 42 funding rounds raised...

FinTech companies continue to rake in millions of dollars with a slew of startups graduating to the unicorn club. The 42 ventures in the sector that topped up their accounts last week are proof of that.

Russian InsurTech BestDoctor attracts $26m from Vladimir Potanin-backed VC fund Winter Capital

BestDoctor closed a $26m round led by Winter Capital, a Moscow-based international VC fund backed by billionaire Vladimir Potanin.  Other investors included Swedish investor VNV Global...

UK-based InsurTech YuLife nabs a $70m Series B to reinvent life insurance

Tech-driven insurance company which incentivises and rewards users to focus on their physical and mental health through a gamified interface, YuLife raised $70m in Series B funding led by Target Global.

Zego joins forces with bp to provide drivers with professional insurance as part of...

Zego partnered with energy giant bp to provide drivers with its professional insurance as part of bp’s all-inclusive electric vehicle subscription service trial - bp EV Pro to encourage electrification in the mobility industry amid green push.

Collective Benefits rakes in £6m to aid expansion, bolster worker safety net

UK Insurtech startup Collective Benefits has secured £6m in a funding round led by US venture firm NFX.

AfriGlobal unveils InsurTech portal AfriCover247, first of its kind in the Nigerian insurance sector

AfriGlobal Insurance Brokers has launched AfriCover247, a digital insurance platform that allows insurance transactions and claims management 24-hour, seven days a week.

How Cloud Insurance’s platform is gearing up to take the world by storm

Cloud Insurance, an all-in-one InsurTech solution, is currently in the midst of a global expansion effort. With new offices opening worldwide and an international partner programme in place, the company aims to become a leading provider in the insurance space.

Coincover said to raise $9.2m in its Series A round

Coincover, which provides insurance for cryptocurrency, has reportedly raised $9.2m in its Series A round.

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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