Online insurance marketplace Policygenius has agreed to be acquired by fellow digital insurance platform Zinnia, to create a tech-focused platform covering the full insurance process.
Tag: Policygenius
Insurtech Trend? Next Insurance, Thimble Announce Layoffs
Israeli insurtech Next Insurance is laying off 150 employees, which make up some 17% of the company’s workforce. Most of those being laid off are based in the U.S., but it is believed that around 40 of the employees leaving the company are headquartered in Israel. “It was a very difficult decision, but we are… Continue reading Insurtech Trend? Next Insurance, Thimble Announce Layoffs
KKR-Led Funding Round Gives $100 Million to Startup Policygenius
Online insurance startup Policygenius raised $100 million from investors including KKR & Co. and venture capital operations backed by Axa SA, Massachusetts Mutual Life Insurance Co. and Transamerica. The company has annual revenue of $60 million, which is 10 times higher than in 2017, when it last completed a round of fundraising, Policygenius said in… Continue reading KKR-Led Funding Round Gives $100 Million to Startup Policygenius