Sector Updates

Corvus Insurance eyes new funding round as it goes into the new year

Corvus Insurance, a platform helping brokers and policyholders better predict and prevent risk, has raised up to $31m in a new funding round.

What is the biggest challenge InsurTech startups face?

From bigger investment rounds to more insurers adopting the latest tech, many things are rapidly changing in the InsurTech space.

Loadsure nets £1.1m in seed round led by Insurtech Gateway

By leveraging powerful predictive analytics tools, InsurTech Loadsure has set out to deliver on-demand spot freight cargo insurance to the US market, enabling brokers, shippers and carriers to cut costs significantly.

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.

News Stories

1Cover consolidates payments stack with Adyen platform

Adyen, a global PayTech platform, has expanded its partnership with Australian travel insurer 1Cover to modernise the company’s payments infrastructure across Australia and New...
ING, a global banking group, has become a managing general agent (MGA) as part of a new insurance strategy powered by InsurTech platform Qover.

ING becomes managing general agent with Qover technology

ING, a global banking group, has become a managing general agent (MGA) as part of a new insurance strategy powered by InsurTech platform Qover. Under...

RIIG Technology closes $6m Series A funding round

RIIG Technology, the AI automation company operating under the HOOTL™ (Humans Out of the Loop™) brand, has closed a Series A financing round exceeding $6m.
Detroit-based insurer CoverTree set out to solve a problem that has long slowed insurance distribution: the time and complexity involved in appointing producers. In most insurance organisations, onboarding agents, managing licensing compliance, and activating appointments still rely heavily on manual workflows and fragmented systems. The result is delays, unnecessary state fees, and a distribution network that often fails to reflect actual production activity.

How Producerflow provides a faster producer onboarding model for insurers

Detroit-based insurer CoverTree set out to solve a problem that has long slowed insurance distribution: the time and complexity involved in appointing producers. In...
Labaid InsureTech Company Limited, a Bangladesh-based InsurTech firm, has launched a digital insurance platform aimed at expanding access to insurance services across the country.

Labaid InsureTech rolls out digital insurance platform in Dhaka

Labaid InsureTech Company Limited, a Bangladesh-based InsurTech firm, has launched a digital insurance platform aimed at expanding access to insurance services across the country. The...
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