Tag: insurtech

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.

Despite the troubled global situation, the InsurTech sector managed to continue its yearly growth and hit a new record for annual investment volume.

The global InsurTech industry is expected to be worth $16.8bn by 2025 months after the sector enjoyed its best year yet.

InsurTech Koffie Labs has netted $4.5m in a venture financing round to fund the reinvention of the trucking and transportation insurance market.