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DFS Lab invests $250,000 in four African fintechs

Digital Financial Services Lab (DFS Lab) today announced it would invest $250,000 in four separate fintech startups that are building products that help low-income consumers in developing markets. Inclusive (based in Ghana), Pula (based in Kenya), Pezesha, (based in Kenya), and Teller, (based in the United States), were each selected for financing after presenting their products at DFS Lab's Fintech BootCamp in Sri Lanka earlier this year.

/Insurance

Digital Fineprint selected by ConVista

ConVista’s OneDigitalOffice digital front office platform, today announced its partnership with Digital Fineprint, a London, UK based Insurtech startup that is building the industry standard technology solution that uses consumers’ social media information to optimize the insurance policy purchasing journey.

/Insurance

Blockchain startup Insurex initiates crowd sale

Insurance blockchain startup InsureX has announced that it will open its crowd sale on 11 July at 14:00 UTC.

/Insurance

Sberbank moves into e-medicine sector

Sberbank announces closing a transaction to purchase a controlling stake in DocDoc.ru, the leading company on the Russian e-medicine market.

/Insurance

Speech recognition startup wins Metlife Singapore event

LumenLab, MetLife’s Singapore-based innovation center, this evening announced Uniphore as the winner of its inaugural corporate-startup engagement program, collab, following the demo day which took place today in Singapore.

/Insurance

MassMutual rolls out Eagle insurance accounting and data management tech

Eagle Investment Systems LLC, a BNY Mellon company, announced today that Massachusetts Mutual Life Insurance Company (MassMutual) has implemented Eagle’s insurance accounting and data management solutions to meet its future investment-information needs.

/Insurance

Ageas to use AI for claims handling

Ageas is set to be the first UK insurer to use Artificial Intelligence (AI) technology across its award-winning motor claims management, working in partnership with Tractable, the AI technology specialists.

/Insurance

Startupbootcamp InsurTech graduate, CBien, raises €8 million

CBien, the leading European digital asset management platform located in Paris, Nantes and Hamburg, has raised €8 million from its existing shareholders MAIF, MACIF and 5M Ventures.

/Insurance

Next Insurance closes $29m Series A funding round

Next Insurance, a leading digital insurance company for small to medium businesses, announced today that it has raised $29 million in a Series A funding round led by Munich Re/HSB Ventures along with Markel, Nationwide, and other existing investors.

/Insurance

BearingPoint invests in Nordic InsurTech startup Tribe

As part of its Ventures activities, BearingPoint has invested in the Oslo-based start-up Tribe.

/Insurance

Robo life insurance startup Certua to launch in UK

Certua, a data driven fin-tech company has today announced its intention to launch to market in 2017.

/Insurance

Allianz invests in Lemonade

Lemonade, the insurance company powered by artificial intelligence and behavioral economics, today announced a strategic investment by Allianz, the world's largest insurance company.

/Insurance

R3 and Acord team on insurance DLT centre of excellence

Financial innovation firm R3 has partnered with ACORD (Association for Cooperative Operations Research and Development) to launch a Centre of Excellence for distributed ledger technology (DLT) in the global insurance industry.

/Insurance

InsurTech startup Trov closes $45 million Series D financing

Trov, the technology company revolutionizing insurance for the tech-empowered consumer, today announced that it has closed $45 million in Series D funding led by Munich Re / HSB Ventures, bringing its total funding to just over $85 million.

/Insurance

VidaCaixa selects SimCorp Dimension

SimCorp, a leading provider of investment management solutions and services to the global financial services industry, today announced that VidaCaixa, part of the CaixaBank Group and the leading insurance company in Spain with more than 4.5 million customers, has selected SimCorp Dimension as its new front and middle office platform.

/Insurance

Insurance provider Saga picks Guidewire Software

Saga Services Ltd (“Saga”), a leading UK provider of insurance solutions to the over 50s, and Guidewire Software, Inc. (NYSE: GWRE), a provider of software products to general insurers, today announced that Saga has selected Guidewire PolicyCenter®, Guidewire BillingCenter®, Rating Management, Client Data Management, and Guidewire DataHub™ for policy administration, billing, rating, client data management, and analytics.

/Insurance

AI and IoT dominate insurtech startup funding

Artificial intelligence (AI) and the internet of things (IoT) now account for almost half of total investment in insurance technology (insurtech) startups globally, new research from Accenture (ACN) shows.

/Insurance

FinLeap to build a digital insurance platform

Company builder FinLeap is further committing to reshape the insurance industry. With Element, FinLeap is introducing a fully digital platform, going upstream in the value chain to custom-build the very core of insurance and enable products and services that meet demands of the modern age.

/Insurance

Tieto partners Friss to tackle insurance fraud in the Nordics

Today, Tieto and Friss have announced a partnership bringing together Tieto’s knowledge of the Nordic insurance market and Friss expert fraud detection and prevention solutions.

/Insurance

PwC runs blockchain prototype for London insurance market

PwC has created a working blockchain prototype for the London Market Target Operating Model (TOM) Innovation Exchange.

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