Tag: insurtech

COVID-19 has plunged financial markets into chaos, but the pandemic also represents both challenges and opportunities for FinTech companies as they adjust to a whole new reality.

Clyde, which offers extended warranties and accident protection, has secured $14m in its Series A round to support its growth in the market.

Tractable will deploy its AI solution to help Japan’s property and casualty insurance firm Tokio Marine improve auto claims, through a new partnership.

Indian InsurTech platform MetaMorphoSys Technologies has reportedly raised a pre-Series A funding round, which was led by Good Capital.

Latin American airline loyalty programme LifeMiles is offering travel protection to customers through new partnership with novae.

API developer for the financial services Even Financial is entering the insurance market following the acquisition of InsurTech platform LeapLife.

In 2019, the global InsurTech market was valued at $5.48bn. Now, new research has suggested that figure could jump to $10.14bn by 2025, representing a compound annual growth rate of 10.8%.

Despite the coronavirus having wreaked havoc on the travel industry, InsurTech Blink Parametric has unveiled a new solution for weary travellers.

Digital insurance broker CoverFox has reportedly raised INR 300m ($3.9m) in a funding round which values the InsurTech at around INR 17.3bn ($227.1m).

COVID-19 has not only caused major disruption into people’s lives and in the markets, but has also raised the risk of hack attacks. Now, Corvus Insurance hopes to help.