Sector Updates

FinTech backer Polaris Partners picks fund size consistency with Fund IX launch

Polaris Partners, a buyout firm which has backed promising fintech startups in recent years, has launched its ninth flagship vehicle.

Target Global leads $42m round for Zego

European venture capital firm Target Global has led a $42m Series B funding round for London-based InsurTech Zego. This latest round brings the company's total raised...

Auto insurance startup pulls in £750k to support next growth phase

Car insurance platform honcho has pulled in a £750,000 investment to support the company’s national product launch.

Wrisk closes crowdfunding on £978k surpassing its initial target

Mobile InsurTech platform Wrisk has closed its Seedrs crowdfunding round on £978,682, to seek new partnerships and affinity with new verticals.

Waterdrop raises $144m in Series C, just months after closing former round

China-based InsurTech startup Waterdrop has reportedly raised over 1bn RMB ($144m) in its Series C round, just months after closing its Series B on $74.2m.

Insurance chatbot Hi Marley collects $8.7m in Series A

Hi Marley, an insurance technology platform, has closed its Series A round on $8.7m.

Lemonade launches into its first European country

Online insurance company Lemonade has launched its services into Germany – the first European country it has released in.

InsurTech Gateway eyes up to £30m for debut fundraise, hits first close

Startup investor InsurTech Gateway has held a first close on its debut fundraise, which could reach up to £30m at final close.

Insurance firms should use AI to improve existing models gradually rather than replace everything...

AI technology is best at work when it’s improving existing processes rather than trying to totally transform the entire business model, according to a panel at the Global InsurTech Summit 2019.

PolicyStreet receives approval from Bank Negara Malaysia to offer financial advice

Malaysian InsurTech startup PolicyStreet has reportedly acquired financial advisor approval from the Bank Negara Malaysia (BNM). With this certificate, the company will be able to...

News Stories

Why pension transition overviews fail to communicate

Dutch pension insurers are producing transition overviews that tick every legal box and still leave participants fundamentally confused about what is happening to their...
Beazley, a London-listed specialty insurer, said shareholders have approved Zurich Insurance’s £8.1bn all-cash takeover of the company.

Beazley investors back £8.1bn Zurich takeover deal

Beazley, a London-listed specialty insurer, said shareholders have approved Zurich Insurance’s £8.1bn all-cash takeover of the company. The deal was backed by 99.9% of votes...
Canopy Connect has launched a new sharing path feature for its Insurance Intake Platform, designed to give insurance prospects more flexibility in how they share their insurance information.

Canopy Connect adds multi-option sharing path to intake platform

Canopy Connect has launched a new sharing path feature for its Insurance Intake Platform, designed to give insurance prospects more flexibility in how they...
The Zebra, an insurance comparison platform, has warned that rising homeowners' insurance premiums could place significant financial pressure on first-time homebuyers.

Rising home insurance premiums add pressure for first-time buyers

The Zebra, an insurance comparison platform, has warned that rising homeowners' insurance premiums could place significant financial pressure on first-time homebuyers. The company’s latest analysis...
EIS, an AI-native insurance core platform provider, has announced that Tokio Marine & Nichido Fire Insurance (TMNF) has deployed its ClaimPulse™ technology as part of a new overseas travel insurance offering.

Tokio Marine adopts ClaimPulse to automate travel insurance FNOL

EIS, an AI-native insurance core platform provider, has announced that Tokio Marine & Nichido Fire Insurance (TMNF) has deployed its ClaimPulse™ technology as part...
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