Sector Updates

InsurTech platform Koala scores €1.6m in funding round led by Insurtech Gateway

France-based InsurTech Koala has scored €1.6m in a funding round led by UK-based incubator and fund Insurtech Gateway.

Insurance firm MATRIX Greece teams with Novidea to improve its digitisation

Novidea will supply its technology to MATRIX Greece to help the insurance firm offer it end-to-end digital support.

These 36 FinTech deals from the last week show that the sector is not...

While the downfall of Wirecard may the big story in the FinTech industry, it would be a mistake to not take a closer look at the investment rounds announced in the sector over the past seven days.

InsurTech platform Felix secures $800,000 in its seed funding round

Dubai-based InsurTech platform Felix has reportedly collected $800,000 in its seed funding round, which was led by the Oman Technology Fund.

InsurTech Just Auto Insurance bags $5.7m in funding round

California-based InsurTech Just Auto Insurance has announced the closure of a $5.7m round led by ManchesterStory.

Lemonade’s shares soared more than 138% in its first day of trading publicly

InsurTech Lemonade has started trading after a much anticipated initial public offering (IPO) and the debut has so far proven a hit.

Bike insurer Laka eyeing the Netherlands for EU headquarters following funding

Laka, a provider of bike insurance, has raised $4.7m in funding to help it expand across Europe.

Galytix secures undisclosed amount in a post-angel equity investment round

Artificial intelligence-powered FinTech Galytix has secured a post angel equity investment of an undisclosed amount to support its next phase of growth, including sourcing new talent to its team.

MAPRE RE to collaborate with cyber risk company Kovrr

Cyber risk modelling startup Kovrr is going to use its solutions to analyse the accumulated cyber risk exposure for MAPRE RE.

Layr scores $5m in its seed round as it looks to enhance its AI...

Layr, which helps small businesses customise commercial insurance bundles, has bagged $5m for its seed round.

News Stories

Why “UK-hosted” cloud doesn’t mean what you think

Cloud computing has become a core function in modern finance and while many depend on it to store their sensitive data, they do not...
Quandri has announced new integrations with Vertafore AMS360 and HawkSoft, expanding access to its AI-powered renewal intelligence platform across two of the most widely used agency management systems in North America.

Quandri brings AI renewal automation to more North American agencies

Quandri has announced new integrations with Vertafore AMS360 and HawkSoft, expanding access to its AI-powered renewal intelligence platform across two of the most widely...
Atrium has deployed Sofix’s BrokerBrief solution to bring AI-powered claim analysis and summaries directly into its claims workflow across all classes of business.

Atrium deploys Sofix AI tool to streamline claims analysis

Atrium has deployed Sofix’s BrokerBrief solution to bring AI-powered claim analysis and summaries directly into its claims workflow across all classes of business. The deployment...
AI underwriting platform Sixfold has partnered with Munich Re to integrate its technology into Realytix Zero, the reinsurer’s cloud-based automated underwriting platform.

Munich Re integrates Sixfold AI to streamline underwriting workflows

AI underwriting platform Sixfold has partnered with Munich Re to integrate its technology into Realytix Zero, the reinsurer’s cloud-based automated underwriting platform. The integration enables...
Commercial insurance broker Pelican Insured has deployed the nCino SmartBroker × Acturis platform as part of its strategy to scale operations and strengthen client acquisition, compliance and underwriting processes.

Pelican Insured transforms broker workflows with nCino SmartBroker

Commercial insurance broker Pelican Insured has deployed the nCino SmartBroker × Acturis platform as part of its strategy to scale operations and strengthen client...
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