Sector Updates

Insurers – the time to change is now! – ManageMy

With the world being forced to stay indoors and social distance, now is the time for insurers to focus on digitalising as we have “reached a tipping point”, according to digital experience platform ManageMy.

InsurTech startup JennyLife scores $3.5m in funding

Life insurance app JennyLife has secured $3.5m in its Series A round, bringing the InsurTech’s total capital raised to $5m.

Insuritas helps Security Federal Savings Bank launch Security Federal Insurance Services

Indiana-based Security Federal Savings Bank has launched bank-owned full-service insurance agency Security Federal Insurance Services on InsurTech100 company Insuritas’ platform.

Insurance Samadhan said to close seed funding round

India-based Insurance Samadhan has reportedly secured a seed funding round from Venture Catalysts.

InsurTechs raised over $900m in Q1 2020 driven by resurgence in North American deal...

Companies in the sector collected $925.9m in funding across 71 deals with over half of transactions recorded in North America The global InsurTech industry...

Hippo Insurance to offer better home security services with new SimpliSafe deal

Hippo Insurance is supplying homeowners with more options to protect their homes following a new partnership with home security system builder SimpliSafe.

InsurTech Air Doctor has netted $7.8m in its Series A funding round

Travel insurers might be having a difficult time recently, but that has not prevented travel InsurTech startup Air Doctor from announcing the successful close of its Series A round.

Is this how much FinTech companies’ productivity has dropped because of the coronavirus?

COVID-19 has forced many FinTech and InsurTech entrepreneurs to change how they run their business. But how has it changed their productivity?

18 FinTech funding rounds you missed last week

Despite coronavirus fears, the last week saw a number of FinTech companies raise money.

Will InsurTech startups come out as the big winners of the coronavirus pandemic?

COVID-19 could be great for the InsurTech industry as the crisis highlight where insurers’ shortcomings are. But that does not mean there won’t be hard times ahead.

News Stories

Canadian auto lenders are facing mounting pressure as funding costs fluctuate, competition intensifies, and borrowers become increasingly sensitive to interest rates. At the same time, dealers expect rapid decisions and competitive offers at the point of sale.

Why Canadian auto lenders are rethinking pricing strategies

Canadian auto lenders are facing mounting pressure as funding costs fluctuate, competition intensifies, and borrowers become increasingly sensitive to interest rates. At the same...
Mortgage lenders face growing pressure to deliver faster and more personalised customer experiences. Rising borrower expectations, broker-led distribution models, and the need to modernise legacy systems are forcing lenders to rethink how lending journeys are designed.

Why personalisation is becoming essential in mortgage lending

Mortgage lenders face growing pressure to deliver faster and more personalised customer experiences. Rising borrower expectations, broker-led distribution models, and the need to modernise...
InsurTech Eleos Life has secured $3m in capital from Mercurius Media Capital (MMC), a US-based media-for-equity venture fund, to accelerate brand awareness and customer acquisition across the United States.

Eleos Life raises $3m from Mercurius Media Capital

InsurTech Eleos Life has secured $3m in capital from Mercurius Media Capital (MMC), a US-based media-for-equity venture fund, to accelerate brand awareness and customer...
DXC Technology has launched a new suite of Assure Smart Apps designed to help insurers accelerate AI-driven transformation and modernise operations without large-scale system overhauls.

DXC introduces AI-driven apps to accelerate insurer transformation

DXC Technology has launched a new suite of Assure Smart Apps designed to help insurers accelerate AI-driven transformation and modernise operations without large-scale system...
European InsurTech Neat has entered a strategic partnership with Visa to enhance the insurance and medical assistance services embedded within Visa cards.

Visa teams with Neat to upgrade cardholder insurance services

European InsurTech Neat has entered a strategic partnership with Visa to enhance the insurance and medical assistance services embedded within Visa cards. The collaboration will...
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