Sector Updates

Lively launches new mobile app to improve access to health savings tools

Health Savings Account (HSA) company Lively has released a new iOS mobile app to improve accessibility to its health savings tools.

Lemonade closes Series D on $300m

Online insurance company Lemonade has closed its Series D on $300m, with SoftBank Group leading the round.

Property insurance AI solution Flyreel secures $3.85m

Flyreel, an AI solution for property insurance, has secured $3.85m in its latest round of funding, which was led by Gradient Ventures, the AI-focused fund of Google.

San Francisco-based InsurTech Kover.ai closes $1.5m seed round

Kover.ai, a San Francisco-based insurance startup, has closed its seed round on $1.5m.

Applied Systems acquires insurance CRM developer TechCanary

Applied Systems, a cloud-based software developer for insurance firms, has acquired insurance customer relationship management (CRM) system TechCanary.

Zurich Insurance, CoverWallet partner to launch SME insurance platform in Switzerland

Zurich Insurance Group has teamed with CoverWallet to launch a new SME insurance platform in Switzerland.

Bewica launches new cyber insurance tools for brokers and intemediaries

Cyber insurance MGA Bewica has released a set of tools to help brokers and intermediaries looking to move into the SME cyber insurance space.

Labelbox pulls in $10m for Series A round

Labelbox, a machine learning application platform, has pulled in £10m for its Series A funding round.

Wrisk raises £779,000, surpassing its crowdfunding target

Mobile InsurTech platform Wrisk has exceeded the £750,000 funding target on its latest crowdfunding campaign.

Renewable energy insurance company Energetic Insurance closes $2.5m seed round

Energetic Insurance has held the close of a $2.5m seed investment round, and also established a partnership with SCOR to launch the EneRate Credit Cover policy.

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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