A handful of very large insurtech funding deals in the second-quarter of 2019 helped to take the total amount of fundraising for the quarter to almost $1.4 billion, which is almost 280% up on the prior year. Data from CB Insights shows that insurtech funding was down slightly on Q1 of this year, as it… Continue reading Insurtech Funding Rises Nearly 280% in Q2: CB Insights
Tag: Insurtech
Slice and SOMPO Announce ICS Proof-of-Value Contract Bringing On-Demand Insurance to Asia
Slice Labs Inc., the first on-demand insurance cloud platform provider, announced today that it has entered into a proof-of-value contract with Sompo Holdings Asia (SOMPO), regionally headquartered in Singapore and part of Sompo Holdings, a top Japanese insurer. This new partnership brings on-demand insurance to the fast growing Asia Pacific region of Asia, the first… Continue reading Slice and SOMPO Announce ICS Proof-of-Value Contract Bringing On-Demand Insurance to Asia
Juniper Research: Global AI Insurance Premiums to Exceed $20 Billion by 2024
New data from Juniper Research forecasts that the value of AI underwritten insurance premiums will exceed $20 billion by 2024, up from an estimated $1.3 billion in 2019. This growth will be driven by streamlined underwriting processes, faster customer onboarding and reductions in operational costs enabled by AI. According to the research, Insurtech: Impact Assessments,… Continue reading Juniper Research: Global AI Insurance Premiums to Exceed $20 Billion by 2024
Lloyd’s Lab Selects Third Cohort of Insurtechs for Accelerator Program
Lloyd’s Lab, the innovation accelerator launched by the Lloyd’s market last year, has announced the third cohort of insurtech firms selected to take part in its 10-week program. The 11 successful teams were selected from more than 130 applications around the world, and will begin working in the Lab from September 2. Lloyd’s said the… Continue reading Lloyd’s Lab Selects Third Cohort of Insurtechs for Accelerator Program
InsurTech Hippo Insurance Raises $100 Million in Series D Funding Round Led by Bond
Hippo, the high growth insurtech company that’s transforming the home insurance market, today announced a $100 million Series D funding round led by Bond, the global technology investment firm founded by Mary Meeker, Mood Rowghani, Noah Knauf and Juliet de Baubigny. Since its launch in 2017, Hippo’s modern take on home insurance, from coverage and… Continue reading InsurTech Hippo Insurance Raises $100 Million in Series D Funding Round Led by Bond
Four Insurtech Startups Shaking Up the Insurance Industry
In the same way that the banking industry was disrupted by fintech, and the legal sector by lawtech, the world of insurance is being shaken up by insurtech. Insurance is one of the oldest and most traditional industries and until recently it has proved fairly resistant to change. In the last few years growing numbers… Continue reading Four Insurtech Startups Shaking Up the Insurance Industry
Aon, Oxfam, and Etherisc Launch First Blockchain-Based Agricultural Insurance for Smallholder Farmers in Sri Lanka
Aon plc, the leading global professional services firm providing a broad range of risk, retirement and health solutions; Oxfam in Sri Lanka, the organization working to alleviate poverty; and Etherisc, the InsurTech startup developing a protocol for decentralized insurance applications, today announced the launch of, and farmer enrollment in, a blockchain-based platform. Nearly 200 farmers… Continue reading Aon, Oxfam, and Etherisc Launch First Blockchain-Based Agricultural Insurance for Smallholder Farmers in Sri Lanka
Verisk Launches A-PLUS Commercial
Verisk, a leading data analytics provider, announced today the launch of A-PLUS™ Commercial, an InsurTech solution that provides point-of-sale loss runs with detailed claim histories of risks that insurers are looking to underwrite. “In today’s fast-paced market, commercial lines insurers need to make precise underwriting decisions at the time of quote,” said Deborah Morris, senior… Continue reading Verisk Launches A-PLUS Commercial
Verisk Launches New Underwriting Solution for Cyber Insurance
Verisk, a leading data analytics provider, announced today the launch of its Cyber Underwriting Report, a new InsurTech solution that can help insurers underwrite a wide variety of risks in the growing cyber market with increased speed and precision. The report is designed to help insurers underwrite policies in a range of industries where cyber… Continue reading Verisk Launches New Underwriting Solution for Cyber Insurance
Hub International Acquires the Assets of Atlanta-based Insurtech Company In-Fi
Hub International Limited (Hub), a leading global insurance brokerage, announced today that it has acquired the assets of CBIS, LLC, d/b/a “In-Fi” (In-Fi). Terms of the transaction were not disclosed. Established in 2016, In-Fi developed a distribution platform for financial institutions, which utilizes technology and automation to monetize high volume, low premium insurance placements, and… Continue reading Hub International Acquires the Assets of Atlanta-based Insurtech Company In-Fi