08/04 – Weekly Fintech Recap
- 1 year 11 months ago
- Blockchain, E-Commerce, Insurtech, RegTech, Payments, Banking, M&A Deals, People Moves
Partnerships Mollie Teams Up With Recharge to Offer Best-in-class Product Subscription Solution
Propeller Inc. Partners with Amwins for Surety Bond Distribution
Propeller automates bond underwriting, simplifying how retail agents purchase surety bonds Propeller, Inc., a high-growth insurtech MGA specializing in surety bonds, has signed an agreement with Amwins, the largest specialty insurance distributor in the U.S., to serve as a preferred surety partner to their network of over 25,000 retail agencies.
Hannover Re Makes Insurtech Innovation Platform Hr | Equarium Openly Accessible
- 2 years 5 days ago
- Insurtech, IT Innovations
Hannover Re strengthens strategic positioning as innovation catalyst Opening up of the platform facilitates even more partnerships between insurers and insurtechs Continuing popularity of the platform with insurers and insurtechs Following the launch of hr | equarium in 2019 Hannover Re is opening up its innovation platform to all interested parties with immediate effect and thereby offering even more insurers direct access to a pool of... more
Cover Genius Doubles Number of Policies Sold, Surpassing 10 Million
- 2 years 1 month ago
- Insurtech
Global insurtech for embedded insurance hits major milestone following a momentous year of growth as XCover sales increase by 667% and US team triples
Charles Taylor Joins the Ai Battle Against Fraud by Investing in Cutting-edge Insurtech
- 2 years 1 month ago
- Insurtech
Charles Taylor, the provider of claims and technology solutions to all parties in the global insurance market, has entered into a partnership with Fraud Keeper (FK), acquiring a majority share of the company.
Insurtech: The New Backbone of Insurance
- 2 years 3 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 3 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 4 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 5 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 6 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 6 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
- 2 years 7 months ago
- Insurtech