Insurance

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/startups

PayPal invests in Indonesian insurtech Qoala

Omnichannel InsurTech Qoala announced the completion of its Series C funding round, raising USD 47 million led by PayPal Ventures and MassMutual Ventures.

/people

Insurtech Verisk bolsters executive team

Verisk Speciality Business Solutions (Verisk SBS), a leading insurance and reinsurance software specialist operating in London and US (re)insurance markets, today announces the appointment of Taha Ahmad to its senior team as Director of Pricing Solutions.

/payments

Qover and Yonder team on travel insurance

Qover, insurtech leader in embedded insurance orchestration, announces its partnership with UK-based credit card fintech Yonder, offering its members a seamless and comprehensive travel insurance experience.

/payments

Chubb and Atome announce Southeast Asia partnership

Chubb, a world leader in insurance, and Atome, one of Southeast Asia’s leading digital financial services platforms, today announced a regional partnership to help drive consumer protection across Southeast Asia. The partnership will enable both companies to co-create a range of insurance products available to Atome’s customers in Singapore, Malaysia, the Philippines and Indonesia.

/payments

Nordic Capital to invest in One Inc

Nordic Capital, one of the most active and experienced investors in Technology & Payments globally, today announced that it will join Great Hill Partners, a private equity firm that invests in high-growth, disruptive companies, as an investor in One Inc (the “Company”), a digital payments platform specializing in modernizing the insurance industry in North America. Great Hill Partners invested in One Inc in 2020 and will retain an equal stake to Nordic Capital alongside a significant continuing investment from the Company’s current management team.

/retail

Swedbank selects Akur8 to strenghten insurrance pricing

Akur8, the next generation insurance pricing solution powered by Transparent AI, announced that Swedbank has selected Akur8’s pricing platform to enhance its insurance pricing process.

/startups

SMB insurtech Coverdash raises $13.5m

Coverdash, the fastest growing startup and SMB focused-insurtech, today announced $13.5M in Series A funding. This financing comes within one calendar year of Coverdash’s oversubscribed Seed round, bringing the company’s total funding to $16M to date.

/retail

Akur8 signs Georgia Farm Bureau Mutual Insurance Company

Akur8, the next generation insurance pricing solution powered by transparent machine learning, is thrilled to announce that Georgia Farm Bureau Mutual Insurance Company, a company offering coverage for farm insurance in addition to virtually every line of insurance in the state of Georgia, has selected Akur8’s Core Platform solution to efficiently build high performing, explainable pricing models.

/retail

Clara Analytics receives funding boost from Nationwide

CLARA Analytics and Nationwide are deepening their current partnership.

/retail

Nationwide streamlines life underwriting process with DigitalOwl

Nationwide is partnering with DigitalOwl for their advanced platform which transforms medical data into meaningful summaries for a better, faster and more accurate review.

/cloud

Admiral selects Google Cloud

Admiral, a leading financial services company in the UK and part of the Admiral Group, has selected Google Cloud as a strategic cloud partner.

/startups

LDC makes 'significant' investment in Uinsure

Private equity investor, LDC, has invested in the rapidly expanding insurtech business Uinsure, to support its ambitious growth strategy.

/startups

Home insurance startup Kin raises $15 million

Kin, the pioneering digital, direct-to-consumer home insurance company, today announced the closing of $15 million in financing from new investor Activate Capital, a growth-stage VC firm focused on the sustainable, resilient transformation of the global economy.

/retail

Cavendish Online implements Aveni AI

Cavendish Online, part of Lloyds Banking Group, has partnered with Aveni.ai, the Artificial Intelligence fintech business, to become one of the first protection distributors in the market to use AI technology to help improve the experience for customers.

/sustainable

CarbonPool closes $12m to underwrite the carbon credit markets

CarbonPool, set to be the world’s first insurance company with a carbon credit balance sheet, has closed a CHF 10.5 million ($12 million) funding round.

/startups

Insurtech Ansel raises $20m

Ansel, an insurtech on a mission to build a world where health hardships don’t create financial burdens, announced that it has raised a $20M round of funding led by Portage, with participation from Two Sigma Ventures, Brewer Lane Ventures, SixThirty Ventures, Plug and Play Ventures, Digitalis Ventures, Symphony AI, Operator Partners, Morgan Creek Capital Management, and several others.

/payments

Mastercard scales use of virtual cards for healthcare claims

Fragmented, slow and inefficient payment processes have long been a challenge within the healthcare ecosystem.

/retail

Getsafe Acquires EQT-backed student loan platform deineStudienfinanzierung

Getsafe, Europe’s leading neo-insurer based in Germany with over 550,000 customers, has acquired deineStudienfinanzierung, Germany’s number 1 digital platform for student loans.

/retail

Qover enters £19bn UK motor insurance market

Qover – a leading insurtech driven by a vision of creating a global safety net through insurance – announces the launch of its innovative motor insurance solution in the United Kingdom, which enables car manufacturers to provide digital insurance programs across Europe.

/security

Allianz develops machine-learning ‘Incognito’ tool to identify fraud claims

With the exponential rise in sophisticated technologies, Allianz aims to stay one step ahead in combatting fraudulent insurance claims with AI technology.

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