Sector Updates

Clearcover secures $50m as it looks to launch in more US states

Clearcover, an auto insurance platform, has secured $50m in its Series C round which was led by OMERS Ventures.

InsurTech 100 company Bold Penguin acquires Xagent

Bold Penguin, an InsurTech 100 company, has acquired xagent, a multi-quote platform for standard and surplus lines business insurance.

Toffee Insurance said to close $5.5m Series A round

Toffee Insurance, an Indian InsurTech startup, has reportedly closed a Series A round on $5.5m to support the creation of new products.

Policygenius releases pair of new tools

Policygenius, an online insurance marketplace has released two new tools which will simply the process of taking out a policy.

REIN teams up with Volvo to support US launch

Insurance software developer REIN has received an investment from Volvo Financial Services to help deploy new products for the commercial transport industry.

Bright Health raises $635m in oversubscribed Series D

Bright Health, which offers a selection of healthcare benefits, has raised $635m in an oversubscribed Series D round.

Branch Insurance releases new ‘vouch for me’ service

Branch Insurance has launched a new programme to help customers lower the cost of their insurance.

Huckleberry scores $18m as it explores new products

Online business insurance platform Huckleberry has reportedly scored $18m in a funding round led by Tribe Capital.

Cover Whale releases its truck insurance services

InsurTech general agent Cover Whale has released its commercial truck insurance platform Big Rig Insure.

Sproutt Insurance launches operations after closing Series A

Sproutt Insurance has launched its services following the close of a $12m Series A funding round.

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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