Tag: insurtech

While small businesses might feel they are too small to be a victim of a cyber-attack, that is not the case and cyber insurance should no longer be seen as a luxury.

While several key technologies are driving InsurTech growth, the rise of AI and chatbots have revolutionised the industry, says e-bot7 VP strategic development Mark Dembo.

Zibo, a financial tools platform for landlords, has reportedly collected $4.5m in a fresh funding round, which brings its total capital raised to $15m.

Cryptocurrency-focused enterprises, cybersecurity firms, challenger banks and InsurTechs were among the big winners of the 31 FinTech funding rounds reported last week.

Malaysia-based InsurTech Ouch! has reportedly raised $364,600 in a funding round that will better position it for growth.

Boston, MA-based InsurTech Hi Marley closed a $25m Series B financing round led by Emergence Capital bringing its total funding to $44m.

Cowbell Cyber, an AI-powered cyber insurance provider, has closed its Series A round on $20m to help it scale its offering for continuous underwriting and closed-loop risk management.

Digital insurance software developer Riskcovry has reportedly raised $5m in its Series A round, which was led Omidyar Network India.

London-based InsurTech Zego raised $150m in a Series C funding round valuing the company at $1.1bn.

The total value of premiums generated by InsurTech platforms is expected to surpass $556bn by 2025, up from $250bn in 2020, study by Juniper Research found.