Sector Updates

Zego becomes UK’s first InsurTech unicorn after securing $150m in new round

London-based InsurTech Zego raised $150m in a Series C funding round valuing the company at $1.1bn.

RATESDOTCA receives $51m in a mixture of debt and equity

RATESDOTCA, which offers a digital shop for insurance and financial products, has closed its new funding round on $51m.

German InsurTech Hepster said to raise $10m Series A

Germany-based InsurTech Hepster has reportedly raised $10m in its Series A round, which was led by Element Ventures.

InsurTech startup Symbo Platform said to close $9.4m in funding

Singapore-based Symbo Platform has reportedly closed its new funding round on $9.4m to support the growth of its Indian affiliate.

Insurers expanding their channels are reaching higher levels of growth, Majesco study claims

Insurers that are expanding their channels are achieving high levels of growth, according to a new report from Majesco.

Next Insurance acquires digital insurance agency Intego

InsurTech unicorn Next Insurance has acquired Intego, which is a digital insurance agency offering a suite of small commercial insurance products.

Swiss Re teams up with ICEYE to improve responses to floodings

Swiss Re has formed a strategic partnership with ICEYE to improve its flood risk management capabilities.

InsurTech Beam Dental raises $80m in its Series E round

Beam Dental, a dentist-focused insurer, has closed its oversubscribed Series E round on $80m.

Providence Equity Partners acquires Node4 from Bowmark Captial

UK-based private equity firm Bowmark Capital has sold its stake in IT infrastructure developer Node4 to US investor Providence Equity Partners.

dacadoo teams with Seguros Bolívar to encourage healthy lifestyles

Swiss-based Insurtech dacadoo will help customers of Colombian insurance company Seguros Bolívar access its Digital Health Engagement platform to encourage healthy lifestyles.

News Stories

The US insurance distribution ecosystem is one of the largest and most complex financial services networks in the world. Millions of licensed producers, tens of thousands of independent agencies, and a growing volume of licensing and compliance transactions all play a role in how insurance products reach customers.

What the latest data says about the US insurance producer landscape

The US insurance distribution ecosystem is one of the largest and most complex financial services networks in the world. Millions of licensed producers, tens...
Cover Genius, an embedded protection InsurTech, has partnered with Tongcheng Travel, an Asian online travel platform, to introduce embedded travel insurance for international customers in Malaysia and the Philippines.

Cover Genius expands Asia travel insurance footprint with Tongcheng Travel

Cover Genius, an embedded protection InsurTech, has partnered with Tongcheng Travel, an Asian online travel platform, to introduce embedded travel insurance for international customers...
Sixfold, an underwriting AI platform provider, has upgraded its AI Underwriting Brain with a new capability designed to capture and scale underwriting expertise across organisations.

Sixfold enhances underwriting AI with institutional knowledge engine

Sixfold, an underwriting AI platform provider, has upgraded its AI Underwriting Brain with a new capability designed to capture and scale underwriting expertise across...
Aviva, a UK insurance group, has expanded its AI-powered underwriting summarisation tool to individual critical illness applications, marking a further step in its use of generative AI across protection insurance.

Aviva rolls out AI-powered critical illness underwriting capability

Aviva, a UK insurance group, has expanded its AI-powered underwriting summarisation tool to individual critical illness applications, marking a further step in its use...
Zego secures $28m to expand telematics in Japan

Zego secures $28m to expand telematics in Japan

Zego, a UK-based digital motor InsurTech, has announced a strategic partnership with Sompo Holdings, one of Japan's largest insurance groups, as part of a...
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