Sector Updates

SoFi makes Lemonade, Root team-up to expand insurtech offering

Online personal finance and lending startup SoFi has expanded into the insurtech space by teaming with Lemonade and Root.

CLARA analytics launches AI-based risk management tool

Californian InsurTech CLARA analytics has unveiled a new AI-based toolkit to assist risk managers in evaluating insurance claims. CLARA’s Risk Management Toolkit can be used to...

Spanish InsurTech startup Bdeo pulls in €1m in funding

Bdeo, which uses visual intelligence to support insurance, has closed its latest funding round on €1m, with investments from Spanish investors Big Sur Ventures...

Automation software developer Decisions pulls in $40m from Aldrich Capital

No-code business rule and process automation platform Decisions has pulled in $40m in funding from Aldrich Capital.

Covr opens new corporate office in Connecticut

Life insurance startup Covr Financial Technologies has opened its corporate office in Hartford, Connecticut.

Cytora said to close £25m funding round to support international growth

Cytora, which uses AI technology to improve underwriting for commercial insurance, has reportedly closed a £25m funding round.

How unlocking data can support the growth of reinsurance

Improving the access to data will not only help improve reinsurance but help the industry grow in new verticals, according to a panel at the Global InsurTech Summit 2019.

Digital insurance company Embroker bags $28m Series B

Digital insurance company Embroker has netted $28m in its Series B round which was led by Tola Capital.

Insights platform Amenity Analytics bags $18m in its Series B

Amenity Analytics, an AI-powered insights platform, has closed its Series B on $18m, to support the growth of its team.

Insurdata pulls in $3m in funding led by Anthemis and Menlo Ventures

Insurdata, a company aggregating peril-specific exposure and risk data, has closed a $3m funding round. The investment was led by London-based venture firm Anthemis and...

News Stories

Producer licensing is one of those parts of insurance that tends to stay in the background until it starts slowing everything else down. As carriers expand their agent networks, the process of onboarding producers, managing appointments, and maintaining compliance records often still depends on fragmented systems and manual intervention.

Fixing the producer bottleneck in insurance distribution

Producer licensing is one of those parts of insurance that tends to stay in the background until it starts slowing everything else down. As...
Simply Business, a digital insurance marketplace, has launched a business insurance app on ChatGPT in the US, alongside a separate rollout in the UK.

Simply Business brings small business insurance pricing into ChatGPT

Simply Business, a digital insurance marketplace, has launched a business insurance app on ChatGPT in the US, alongside a separate rollout in the UK. The...
Cytora, a digital risk processing platform, has announced a strategic relationship with LexisNexis Risk Solutions to embed advanced data and analytics into its platform for US commercial insurers.Cytora, a digital risk processing platform, has announced a strategic relationship with LexisNexis Risk Solutions to embed advanced data and analytics into its platform for US commercial insurers.

Cytora partners LexisNexis to enhance US commercial underwriting

Cytora, a digital risk processing platform, has announced a strategic relationship with LexisNexis Risk Solutions to embed advanced data and analytics into its platform...
INSTANDA, a no-code insurance platform provider, has partnered with DataCrest, a workflow solutions firm, to enhance submission intake and quoting efficiency for insurers and MGAs.

INSTANDA and DataCrest team up to streamline insurance submissions

INSTANDA, a no-code insurance platform provider, has partnered with DataCrest, a workflow solutions firm, to enhance submission intake and quoting efficiency for insurers and...
Openly, a tech-enabled homeowners insurance provider, has secured a growth investment round led by existing investors Eden Global Partners, Advance Venture Partners and Gradient, with strategic participation from Allianz X.

Openly boosts expansion plans with funding and Allianz Re deal

Openly, a tech-enabled homeowners insurance provider, has secured a growth investment round led by existing investors Eden Global Partners, Advance Venture Partners and Gradient,...
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