Insurance

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/startups

AI-driven embedded insurance platform Mulberri seals $6.75 million Series A

Mulberri, an AI-driven embedded business insurance platform for small and medium enterprises, announced its $6.75 million Series A led by Eos Venture Partners, with participation from existing investors Hanover Technology Management, MS&AD Ventures, and Altamont Capital Partners (via insurance enterprises in its portfolio).

/regulation

Cytora integrates Vespia AML and KYB compliance

Cytora, the leading digital risk processing platform and Vespia, a provider of compliance data, is proud to announce Vespia’s AI powered risk analytics are now being used to enhance the underwriting process seamlessly within Cytora’s digital risk processing platform, providing commercial insurance underwriters with deeper insights into business risks associated with AML and sanctions.

/crypto

Ledger partners bolt to launch device protection crypto wallets

bolt, the insurtech with the country's largest technology-enabled P&C insurance exchange, today announced a partnership with Ledger, the leading global platform to secure crypto and critical digital assets, to launch a new device protection offering for Ledger’s line of cryptocurrency smart wallets in the United States.

/retail

InsurTech Igloo closes $36 million funding

Regional insurtech Igloo today announced that it has closed a US$36 million Pre-Series C funding round.

/retail

AuguStar Life signs for iPipeline tech

iPipeline announces a partnership which will help AuguStar Life to accelerate and strengthen its digital transformation with innovative solutions from iPipeline that are designed to improve the agent experience.

/wholesale

Pension Insurance Contribution selects Finbourne for data management

Pension Insurance Corporation (PIC), the specialist UK pension insurer, has chosen FINBOURNE Technology to provide investment data management capabilities, to help drive their data strategy.

/people

Insurtech WeFox appoints CTO

Wefox, the world’s leading insurtech, has appointed Paul Onnen as Chief Technology Officer, with immediate effect.

/payments

One Inc and JP Morgan team on insurance claims payments

One Inc, a leading digital payments network dedicated to serving the insurance sector, and J.P. Morgan Payments announced today they are working together – enabling insurance carriers to leverage J.P. Morgan’s comprehensive liquidity and payments capabilities as part of One Inc’s digital claim payouts platform, further digitizing and deepening the claims experience.

/people

Rob Manders appointed to Intellect Design Arena Growth Advisory Board

Intellect Design Arena Ltd, a cloud-native, future-ready, multi-product Financial Technology company for the world’s leading banking and insurance clients, has announced the appointment of Rob Manders to its Growth Advisory Board. Mr Manders, a seasoned industry leader with a wealth of experience, brings a valuable perspective that will help shape and accelerate Intellect’s growth story.

/retail

Better adds insurance product

Better Home & Finance Holding Company (NASDAQ:BETR, BETRW), the leading digital homeownership company and the first fintech lender to achieve $100B in funded loans, today announced the launch of Better Insurance, the first end-to-end, white labeled solution that allows customers to purchase homeowners insurance through a fully online experience.

/retail

Leek Building Society taps Uinsure to deliver insurance quoates in under 20 seconds

Leek Building Society has today announced its new partnership with leading insurtech, Uinsure, that will significantly improve members’ experiences when arranging home and landlord insurance.

/retail

Tonik moves into insurance

Tonik, the trailblazing digital bank in the Philippines, is thrilled to announce its newest strategic partnership with prominent life insurance company Sun Life Grepa Financial, Inc. (Sun Life Grepa).

/wholesale

TSB taps Superscript to offer insurance to small business banking customers

TSB, the high-street bank, has chosen Superscript, the insurtech scale-up, to provide its small business banking customers with personalised, flexible business insurance.

/inclusion

Insurtech bolttech attracts new investor in Series B funding round

International insurtech bolttech welcomed leading impact investment firm LeapFrog Investments as a new strategic investor in an extension of its Series B round. LeapFrog’s US$50 million investment adds to bolttech’s recent Series B funding round, now totalling US$246 million, the largest ever Series B round for an insurtech.

/startups

LeapFrog adds $50 million to bolttech's record-breaking series B round

International insurtech bolttech welcomed leading impact investment firm LeapFrog Investments as a new strategic investor in an extension of its Series B round. LeapFrog’s US$50 million investment adds to bolttech’s recent Series B funding round, now totalling US$246 million, the largest ever Series B round for an insurtech.

/regulation

Qover secures FCA authorisation licence

Qover, leader in embedded insurance orchestration, proudly announces the successful granting of a Financial Conduct Authority (FCA) full authorisation.

/payments

Fintechs team up to support nine million at-risk workers, with better sick pay

Wagestream, the UK’s fastest-growing fintech-for-good, has teamed up with French insurtech Wakam to launch Enhanced Sick Pay – a new product providing workers with affordable sick pay cover.

/sustainable

Third consecutive year for weather-event insurance claims to top $100 billion

A new insurance sector report from Bloomberg Intelligence estimates that insured losses from natural catastrophes in H1 2023 point to 2023 being the third straight year of weather-event claims topping $100 billion, with much of these coming from secondary perils such as floods, hail and wildfires. All of the latter are becoming more frequent as global temperatures rise, notes BI.

/people

Insurtech Inzmo names ex-Skype COO Michael Jackson chairman

Inzmo, the Berlin insurtech transforming the rental sector with its financial services products that help tenants and landlords protect their rental property, income and belongings, has officially appointed Michael Jackson as its first Chairman of the Board of Directors.

/startups

InsurTech SureIn seals €4 million seed round

Berlin-based InsurTech startup SureIn has closed a €4M Seed round for its mission to provide end-to-end insurance solutions to small and medium-sized businesses (SMBs).

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