Insurtech: The New Backbone of Insurance
- 2 years 8 months ago
- Insurtech
Insurtech isn't a new type of insurance policy or provider. Rather, it's an initiative that many providers, both old and new, are taking to modernize their practices for themselves and their customer base. Insurtech is more than just about going digital; it's about making the customer experience less monotonous and more catered to them.
How Innovation by Tech Start-ups Including Insurtechs Helps Markets to Flourish
- 2 years 8 months ago
- Insurtech, Investment, FinTech StartUps
Insurtech companies have attracted another record level of investment, with investment in insurtech start-ups exceeding the US$10 billion mark for the first time in any one year on record, according to 2021 Q3 data
Can Insurers Survive the Shift to the Gig Economy?
- 2 years 9 months ago
- Insurtech
Will insurers be able to survive the shift to the gig economy, and the challenges it has brought? Find out about some of the differences they are facing here.
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.
BondAval Secures $7 Million Seed Round led by Octopus Ventures
- 2 years 10 months ago
- Insurtech, FinTech StartUps
· BondAval has raised over $9m in its first year since founding · Strong investor validation underscores the opportunity and value of BondAval’s proprietary MicroBonds™️ · Pioneering financial instrument enabled by technology provides certainty to supply chains
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.
Prevention-first Insurtech Hiro Partners with Former Burglar Michael Fraser to Protect Homes
- 2 years 11 months ago
- Insurtech
Can a home insurance payout truly replace your invaluable items? The insurance industry would say so, but that isn’t the truth. Enter Hiro, the prevention-first insurtech for things money can’t replace. Today, it is announcing a partnership with reformed burglar and veteran security consultant, Michael Fraser, who will be bringing his experience from both sides of the industry to the Hiro community, enabling members to proactively protect their... more
Concirrus Unveils next-gen Platform for Commercial Insurance Market
Leading insurtech, Concirrus has introduced its next generation platform for the IoT-powered insurance market. This new modular technology offering, which harnesses Concirrus’ years of investment and experience of working within the insurance market, will allow insurers to accelerate their transition to new digital operating models, create new products and drive cost savings irrespective of business line.
Smart Cover Launching Insurtech Product Unifying Home Motor and Health Cover
- 2 years 11 months ago
- Insurtech
Smart Cover launched its ground-breaking app, allowing users to gain direct access to their Smart Cover policies from their Smartphones. The soft launch of the app will be on an invitation-only basis for selected Smart Cover customers. As a reward, the participating customers will receive up to 6 months of free cover on selected packages.
Late-stage Insurtechs Take Lion's Share of Record-breaking Q2 Funding
- 3 years 4 weeks ago
- Insurtech
New Research Reveals 71% of Digital Bank Customers, 64% of Traditional Bank Customers and 73% of Fintech App Customers In the United Kingdom Want Embedded Insurance Offers Based on Transaction Data
A recent survey of 527 bank customers in the United Kingdom from Momentive.ai (the research company of SurveyMonkey), commissioned by Cover Genius, sought to understand how customers of banks, neobanks and other fintech apps would react to embedded insurance offers based on real time transaction data. It asked the following:
Bequest Raises £1.7M Investment to Overhaul the Way We Prepare End-of- life dmin
- 3 years 2 months ago
- Insurtech, Investment, Insurance
The revolutionary insurtech surpasses 1,000 customers in weeks of launch
Tech Nation Comments on Alphawave’s First Day of Official Trading on the London Stock Exchange
- 3 years 3 months ago
- Insurtech, Investment
Stephen Kelly, Chair of Tech Nation, comments on Alphawave’s first day of official trading on the London Stock Exchange: “The listing of Anglo-Canadian business Alphawave reflects a sector that is going from strength to strength, as it starts official trading today.
A New Partnership for Getsafe and CompareTheMarket
- 3 years 3 months ago
- Insurtech
Digital insurer Getsafe and prominent price comparison site comparethemarket.com enter a partnership that aims to offer better value and flexible insurance policies to millions of UK consumers.
PwC’s Scale | InsurTech Programme Alumni, Artesian Solutions, Announces Strong Year End Finish with 59% Revenue Growth in the Insurance Sector
- 3 years 3 months ago
- Digital Identity, Insurtech, Risk Management
Artesian Solutions, a PwC Scale | InsurTech Programme alumni has today announced revenue growth of 59% in the insurance sector. Artesian also credits the InsurTech scale-up programme, which provided a valuable coaching framework to help it expand and grow, as playing a part in this success.
