Mouro Capital Leads Vesttoo's $15m Series B Round With Participation From MS&AD Ventures
- 2 years 4 months ago
- Insurance
Global financial and insurance partners' investment will drive expansion of Vesttoo's multi-billion dollar insurance-linked program and the world's first fully digital marketplace for insurance-based risk transfer and investments Vesttoo CEO: "Mouro Capital and MS&AD see the same opportunity we see: Vesttoo as a global deal pipeline"
Renaissance Life and InDeFi SmartBank to Unveil Game-changing Product to Solve One of the Problems Facing the Crypto Industry
- 2 years 5 months ago
- Asset Management, Cryptocurrencies, Insurance
One of the key problems for owners of cryptocurrency and their heirs is the inability to gain access to their digital assets for technical (lost codes) or physiological reasons (the death of the owner). According to estimates by the New York Times, crypto wallets containing more than USD 140 billion in assets were blocked for these reasons as of the beginning of 2021. When a businessperson working in cryptocurrency markets dies suddenly, it is... more
LiquidX Named Finalist for Singapore Global FinTech Awards 2021
- 2 years 5 months ago
- Trading Systems, Insurance
LiquidX’s Digital Trade Credit Insurance platform was selected for recognition at the annual awards, which celebrate groundbreaking solutions that transform industry practices. The Monetary Authority of Singapore (MAS) has named LiquidX Insurance Services (Singapore) Pte. Ltd. a finalist for the Singapore FinTech Festival (SFF) Global FinTech Awards 2021 in the Singapore Financial Institution category. The awards are a highlight of the annual... more
British Fintech Nimbla Attracts £5.1m Investment as Embedded Insurance Takes Off
- 2 years 5 months ago
- Fundraising News, FinTech StartUps, Insurance
Fundraise: Fin VC and Barclays Bank invest £5.1m into fintech insurance startup Nimbla Growth: Nimbla expands to offer a fully flexible model from single invoice to whole book and scales operations to support more businesses while targeting the £2.6tn embedded fintech opportunity Embedded Insurance: Launch of Nimbla API into banks and lenders provides opportunity to offer invoice insurance at the point of issue
Renaissance Insurance Teams Up With Mains Lab to Incorporate AI Technologies to Calculate Damages When Handling Motor Insurance Claims – a First for Russia
- 2 years 5 months ago
- Artificial Intelligence, Insurance
Renaissance Insurance handles hundreds of insured events every day, and one of the essential elements of this process is calculating damages to vehicles. Up until now, only experts – Company employees or contractors making independent assessments – were involved in calculating damages. This ensured that the calculations were of high quality, but there were always certain limitations when it came to the speed and cost of making these... more
Micro Insurance Company Partners With CrediOrbe to Ride to the Rescue of Would-Be Motorbike Owners in Colombia
- 2 years 5 months ago
- IT Innovations, Insurance
A new partnership is riding to the rescue of would-be motorbike owners who have been unable to purchase a bike in the past due to poor credit ratings. Micro Insurance Company (MIC), which specializes in offering custom insurance solutions, has teamed up with CrediOrbe to create an innovative insurance alternative for people seeking a loan to buy a motorbike.
Leading Australian Insurance Distributor Chooses Valtatech to Implement New Back Office and Procurement Function
- 2 years 5 months ago
- Insurance
VALTATECH TO IMPLEMENT COUPA PROCURE TO PAY, SUPPLIER INFORMATION MANAGEMENT AND VALTATECH E-INVOICING SOLUTIONS FOR GREENSTONE; INSURANCE DISTRIBUTORS OF BRANDS INCLUDING REAL INSURANCE, AUSTRALIAN SENIORS, RSPCA PET INSURANCE, MEDIBANK LIFE INSURANCE AND GUARDIAN INSURANCE
Renaissance Insurance Teams up with Mains Lab to Incorporate AI Technologies to Calculate Damages when Handling Motor Insurance Claims – a First for Russia
- 2 years 5 months ago
- Non-Financials, Insurance
Renaissance Insurance handles hundreds of insured events every day, and one of the essential elements of this process is calculating damages to vehicles. Up until now, only experts – Company employees or contractors making independent assessments – were involved in calculating damages. This ensured that the calculations were of high quality, but there were always certain limitations when it came to the speed and cost of making these calculations...
Getsafe receives European Insurance License
- 2 years 5 months ago
- Insurance
The digital insurer Getsafe received its insurance license from Germany's financial regulator, BaFin. The license will allow Getsafe to accelerate its expansion to the rest of Europe.
LiquidX Announces InBlock Digital Policy Management for Trade Credit Insurance
- 2 years 6 months ago
- Trade Finance, Management, Insurance
The trade credit insurance ecosystem loses over a billion dollars annually due to process inefficiencies, lack of transparency, and human error. InBlock Digital Policy Management leverages blockchain technology, AI, and machine learning, allowing market participants to reduce risk, increase efficiency, and scale through automation.
CFC Announces Significant Investment from EQT and Vitruvian Partners
- 2 years 6 months ago
- Investment, Risk Management, Insurance
Investment underpins CFC’s global insurance platform, cyber leadership and the significant growth potential of emerging risk insurance Leading UK-based fintech CFC announced today a major investment joint-led by EQT and Vitruvian Partners, two of Europe’s leading private equity firms.
Tesla Takes on Insurtechs With Usage-based Insurance Rollout in Texas
This marks the electric carmaker’s first usage-based insurance (UBI) product after launching a traditional insurance program in California two years ago. Here’s how it works: In Texas, Tesla’s premiums will be based on its proprietary safety score.
Hardbacon Partners with ClicAssure to Introduce Home and Auto Insurance
- 2 years 6 months ago
- Personal Finance, Insurance
Hardbacon, a personal finance app used by more than 30,000 Canadians, today announced a partnership with ClicAssure, one of Canada's leading insurance comparison sites, to offer Quebecers a better way to buy auto and home insurance in Quebec.
LV= GI To Boost Resilience to Insurance Application Fraud With LexisNexis Emailage Rapid
- 2 years 6 months ago
- Fraud Detection, Insurance
Solution Enables Confidence in Confirming Identities to Improve Consumer Experience
InsurTech NY Announces its 2021 Accelerator Cohort
InsurTech NY, the largest InsurTech community in North America, announced today its second growth-stage InsurTech accelerator cohort. 15 startups were chosen to participate in the hybrid virtual and in-person insurance accelerator program. The program will provide resources to help startups with traction, talent, and financing. Founders will work with insurers seeking to provide risk capital to digital MGAs and to pilot new technologies.
