Insurance

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/Insurance

InsurTech Cover Genius raises $10 million

Cover Genius, the global insurtech leader whose insurance distribution platform provides protection for the customers of some of the world’s largest online companies, has raised US$10 million in a Series B funding round.

/Insurance

Starling adds Anorak insurance for sole traders to marketplace

As with everything, self-employment has pros and cons. You can set your own hours and rates. But you don’t have the safety-net of sick pay or life insurance, unless you set it up yourself.

/wholesale

Tremor upgrades risk transfer marketplace

Tremor, a programmatic insurance and reinsurance risk marketplace has announced a suite of new features available this November in the 2.0 release of its programmatic marketplace.

/regulation

KNØX debuts digital custody service with comprehensive insurance

Today, KNØX announced the launch of a digital asset custody service for institutions and fiduciaries with comprehensive insurance coverage.

/Insurance

Honcho launches reverse auction car insurance app

A free app has launched that will change the way drivers buy car insurance forever and hopes to make it cheaper for drivers – and young drivers in particular - to get insured.

/wholesale

HKEX and Ping An Insurance ink fintech MoU

Hong Kong Exchanges and Clearing Limited (HKEX) is today (Friday) pleased to announce that it has entered into a memorandum of understanding (MOU) with Ping An Insurance (Group) Company of China Limited (Ping An) to explore possible areas of cooperation and collaboration in Fintech and data analytics to enhance the region’s financial market ecosystem.

/Insurance

OneConnect and Singapore Management University sign blockchain MoU

OneConnect Financial Technology Co. Ltd. (OneConnect), an associate company of China’s insurance giant and Fortune Top 29 Company Ping An Group, and Singapore Management University (SMU) today signed a Memorandum of Understanding (MOU) to jointly conduct research and develop a Proof of Concept (POC) on the potential of quantum computing to augment blockchain technology.

/Insurance

AkinovA adopts OpenFin for insurtech platform

AkinovA, the electronic marketplace for the transfer and trading of re/insurance risk, together with OpenFin, the operating system (OS) of finance, today announced the adoption of OpenFin for the deployment of its groundbreaking trading platform for the risk transfer value chain.

/Insurance

Simplesurance forms distribution partnership with Numbrs

Simplesurance, one of the leading InsurTech companies, based in Berlin and Tokyo has expanded its partner network with a new in-app partnership with Numbrs, the leading independent financial app in the German market. The two companies announced this today.

/Insurance

Tech Mahindra partners Adjoint on blockchain-based enterprise financial management and insurance

Tech Mahindra, a leading provider of digital transformation, consulting and business reengineering services and solutions, and Adjoint, a global leader in innovative financial technology, have announced industry’s first Blockchain solution for secure enterprise financial management and insurance services across locations to create a seamless and reliable customer experience.

/Insurance

UK insurtech partners with Manulife for travel insurance

Blink, part of Leeds headquartered CPP Group Plc, has partnered with Manulife, one of Canada’s largest travel insurers, to support the roll-out of tailor-made, real-time flight disruption insurance services to its customers.

/Insurance

ndigit makes board appointments

To reflect its strong growth and expanding international presence, ndgit GmbH has sharpened its corporate identity (CI) to emphasise its strategic mission to be the technological backbone for connected banking and insurance.

/Insurance

Life insurance fintech startup Ethos raises $60 million

Ethos, the company making simple, ethical life insurance, today announced it raised a $60 million Series C financing led by GV (formerly Google Ventures).

/ai

Lloyd’s syndicate and Previse collaborate to tackle slow invoice payments

Beat Syndicate 4242 of Lloyd’s has become the first globally to insure the instant payment of business to business invoices against dilution risk, creating a brand new category of insurance for pre-approval invoice payments.

/payments

bsurance signs AXA as third major insurance partner

The Austrian insurtech startup bsurance has won the services of FinTech startup cashpresso, also from Austria, as a cooperation partner.

/Insurance

SafeCharge applies Visa Direct at InsurTech company Seeto

SafeCharge (AIM: SCH), the partner of choice for businesses who demand more from payment technology, has announced a new collaboration with Visa Direct, Visa’s real-time push payments platform, helping to power faster payouts for insurance-as-a-service company Setoo.

/retail

Tata CS completes first phase of Scottish Widows transformation project

Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a leading global IT, consulting and business solutions organisation, has crossed a major milestone by successfully completing the first phase of implementation of the TCS BaNCS Insurance Platform as part of a business transformation programme for Scottish Widows, the life and pensions arm of Lloyds Banking Group.

/regulation

ClauseMatch moves into InsurTech following Lloyd's Lab pilot

ClauseMatch, an award-winning software technology company that enables financial institutions to comply with their internal corporate governance documentation (such as standards, procedures, controls) has presented the results of its pilot project as part of Lloyd’s Lab second cohort.

/inclusion

Digital challenger Airfox inks Mastercard and Zurich deals

Airfox, a startup providing transformative financial services to emerging markets, today announced a partnership with Mastercard Brazil that vastly extends the availability of affordable and cost-free banking solutions with 1% cashback to customers.

/wholesale

Lloyd’s of London appoints Jennifer Rigby COO

Lloyd’s of London announced today that Jennifer Rigby has been appointed Chief Operations Officer (COO).

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