Sector Updates

Singaporean InsurTech Bolttech wins unicorn status with Activant-led $180m Series A

InsurTech startup Bolttech raised $180m in a funding round, led by private investment firm Activant Capital Group, that valued it at more than $1bn.

London-based SaaS InsurTech Hyperexponential closes $18m round

InsurTech Hyperexponential (hx) which has mathematical modelling software for the commercial insurance sector has closed an $18m funding round led by growth capital fund Highland Europe.

InsurTech unicorn Tractable teams up with LKQ North America

InsurTech100 company Tractable has deployed its AI tools into LKQ North America, a provider of alternative vehicle parts, as part of a new deal.

Allianz underlines potential opportunities and disruptions for insurance sector

In a recent fireside chat, Quantexa CEO Vishal Marria spoke with Allianz Technology CFO Andrea Pettinelli to discuss where Allianz sees growth opportunities in the insurance space alongside potential disruptions caused by big market players entering the sector.

House of Insurtech said to raise $400,000 in seed funding

House of Insurtech, which has built a quote and buy and policy administration system, has reportedly raised $400,000 in its seed funding.

Zander Insurance teams up with EZLynx to improve personal lines quoting

Zander Insurance has implemented EZLynx Quoting Automation Service (QAS) to streamline its personal lines quoting process.

Now Insurance partners with Hiscox to provide medical malpractice insurance policies

Now Insurance will provide its medical malpractice insurance policies to small business insurer Hiscox as part of a new deal.

RV rental marketplace Outdoorsy banks $120m to boost expansion of its InsurTech arm Roamly

Global online RV rental and outdoor travel marketplace, Outdoorsy, raised $120m in equity and debt financing to drive its growth and expansion of its InsurTech business, Roamly.

InsurTech Redkik reels in fresh investment to transform marine cargo insurance

Global InsurTech with a mission to simplify the marine cargo insurance industry Redkik closed an investment round led by business angel Ilari Schouwvlieger, along with North Karelia Growth Fund managed by venture capital firm Redstone, and StartUp Fund Joensuu.

BimaPe said to close $545,000 in pre-seed funding

India-based InsurTech company BimaPe has reportedly netted $545,000 in its pre-seed funding round.

News Stories

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,...

Why pension transition overviews fail to communicate

Dutch pension insurers are producing transition overviews that tick every legal box and still leave participants fundamentally confused about what is happening to their...
224931

60,000+ InsurTech leaders get exclusive insights delivered every week