Sector Updates

PayCar parks ?1.3m and teams up with BNP Paribas

French payments startup PayCar has landed ?1.3m in a funding round from banking giant BNP Paribas.

CoverWallet pockets $7.8m for small business insurance

Business insurance startup CoverWallet has raised $7.8m in a Series A round led by Union Square Ventures. Index Ventures as well as existing backers also contributed.
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Bayzat nabs $3.6m to revamp UAE health insurance

Dubai-based health insurance and HR service Bayzat is taking on $3.6m in a Series A round of funding led by BECO Capital.
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InsurTech CEOs believe there has to be a better way

Insurance is just one vertical where startups are trying to declutter the user experiences, to create more efficient services which provide customers with greater transparency.
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Annexus sets up FinTech-focused VC arm

US retirement products and life insurance provider Annexus has formed a new venture firm to target InsurTech, FinTech and software startups.
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Employee insurance startup Hixme takes $14.1m

Spanish banking giant BBVA’s venture capital fund Propel Ventures is investing in US-based inusrtech startup Hixme's $14.1m Series B round.
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Alan picks up $13m for full-stack employee health insurance

French health insurance startups Alan has raised $13m in a new round of funding. The investment comes from CNP Assurances, Power Financial, Partech Ventures and angel investors.
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Insurance marketplace EverQuote takes $23m to offer liquidity

Online insurance marketplace EverQuote has raised $23m in its Series B round of funding. The investment in the Cambridge, Massachusetts-based startup was led by Savano Capital Partners.
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Startupbootcamp InsurTech pens £1m deal with Eos

Startupbootcamp’s InsurTech accelerator has inked a deal with Eos Venture Partners that will see the investor put up to £1m into the accelerators’ cohort of startups next year.
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Smart home InsurTech startup Neos nabs £1m

Smart home insurance service Neos has raised £1m in a seed round from Eos Venture Partners.

News Stories

Leak detection technology has long been a staple across commercial buildings, data centres and critical infrastructure, helping organisations identify water ingress before it causes costly disruption. Traditional systems, particularly those using leak detection cables, have offered a relatively simple monitoring solution. However, these systems typically rely on fixed alert thresholds, which often fail to reflect the variability of real-world environments. As a result, while detection capabilities exist, their reliability has frequently been called into question.

Why traditional leak detection systems falter in real environments

Leak detection technology has long been a staple across commercial buildings, data centres and critical infrastructure, helping organisations identify water ingress before it causes...
The first wave of the InsurTech revolution has delivered significant innovation, but it has also left critical structural gaps unresolved. Over the past decade, the sector has made notable progress in areas such as digital distribution, API connectivity, embedded insurance, and the modernisation of agency management systems. However, beneath these advancements lies a growing concern, according to Producerflow.

InsurTech’s data gap threatens AI ambitions

The first wave of the InsurTech revolution has delivered significant innovation, but it has also left critical structural gaps unresolved. Over the past decade,...
Liberty Mutual has partnered with life insurance technology company Ethos to expand its direct-to-consumer life insurance offering in the US.

Ethos and Liberty Mutual team up to deliver fully digital life insurance

Liberty Mutual has partnered with life insurance technology company Ethos to expand its direct-to-consumer life insurance offering in the US. The collaboration will see Liberty...
Volkswagen Financial Services UK, the financial arm of the group, has appointed InsurTech firm Wrisk Transfer Limited as its preferred insurance provider for Volkswagen Commercial Vehicles.

VWFS UK selects Wrisk as preferred insurance partner for commercial vehicles

Volkswagen Financial Services UK, the financial arm of the group, has appointed InsurTech firm Wrisk Transfer Limited as its preferred insurance provider for Volkswagen...
Transamerica, a life insurer, has partnered with global reinsurer Swiss Re to modernise its claims experience.

Transamerica and Swiss Re collaborate on digital claims transformation

Transamerica, a life insurer, has partnered with global reinsurer Swiss Re to modernise its claims experience. The initiative will see Transamerica adopt Swiss Re’s PromiseXP...
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