Insurance

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/retail

Direct Line acquires pay-per-mile insurance agent By Miles

Direct Line Group (the ‘Group’) has acquired By Miles Group Ltd (‘By Miles’), a Managing General Agent and provider of real-time pay-by-mile insurance policies. Having sold over 100,000 policies since launch, By Miles currently has c.50,000 customers, writing £26m of Gross Written Premium.

/people

Qover hires Ed Ackerman as chief customer oficer

Insurtech pioneer Qover is pleased to announce the appointment of its first Chief Customer Officer (CCO) Ed Ackerman.

/retail

YuLife lands in South Africa

YuLife, the tech-driven financial services provider on a mission to inspire life, today announced its launch in South Africa.

/people

Lyfeguard appoints Ronel David to advisory board

Lyfeguard, a life planning assistant and document management platform, has appointed Ronel David, Strategic Sales and DE&I Leader at FIS, to its advisory board to accelerate financial management, go to market and growth strategy.

/retail

SEB buys stake in Nordic InsurTech Hedvig

SEB is entering a strategic partnership with the insurance provider Hedvig, a leading Nordic insurtech-company within property insurance for private individuals.

/retail

Socotra launches CorePlus line of end-to-end insurance tech

Socotra today announced the launch of Socotra CorePlus™, a line of complete insurance IT solutions composed of Socotra Connected Core, seamlessly integrated via Socotra App MarketPlace with industry-leading software and data providers, including Mendix, Snapsheet, and Stripe.

/sustainable

Kita secures £4m seed investment to bring carbon insurance products to market

Kita today announces a highly over-subscribed £4m seed funding round led by Octopus Ventures, alongside existing investors Insurtech Gateway, Carbon13 and Climate VC, and new investors Chaucer Group and Hartree Partners.

/sustainable

AXA Climate launches humorous content series to engage employees with sustainability

Making sustainability easy to understand, AXA Climate has launched a quirky content series, Climate Brief, to engage all employees on sustainability, from the least-informed to the most sustainability-savvy.

/retail

BNP Paribas Cardif and Lemonade to offer home insurance for rental sector

Home insurance is an essential pillar among the personal protection solutions used by French consumers.

/retail

Goldman Sachs leads $150 million debt and equity round in InsuranceDekho

InsuranceDekho, India’s leading Insurtech player, today said it has raised $150 million in Series A funding consisting of a mix of equity and debt, the largest ever series A round by an Indian Insurtech company.

/regulation

Driverly achieves FCA authorisaton for dynamically priced app based insurance

Driverly has announced it has received direct authorisation from the Financial Conduct Authority (FCA) to sell car insurance after a thorough review of its processes and governance structure.

/retail

Bunq embeds insurance from Companjon

Companjon, a leading insurtech specializing in digital-driven embedded insurance, today announced its partnership with bunq, the second largest neobank in the European Union.

/retail

Turkish fintech Papara launches insurance arm

Papara, the market-leading Turkish fintech, today announces the launch of its insurance arm, bringing affordable, fair and fast insurance to users in Turkey.

/wholesale

UK insurtech Superscript scoops £45m in Series B

UK-based insurtech Superscript, a digital-first insurance provider to small businesses and high-growth tech companies, has completed a £45 million ($54m USD) Series B funding round.

/cloud

Duck Creek Technologies to acquire payments platform Imburse Payments

Duck Creek Technologies, the intelligent solutions provider defining the future of property and casualty (P&C) insurance, today announced a definitive agreement to acquire Imburse Payments, a Swiss-based modern payments platform.

/wholesale

B2B InsurTech Bondaval raises €15 million

Bondaval, a London-based B2B fintech that gives credit teams the certainty that their receivables will be secured, has raised a $15 million Series A Round, led by Talis Capital.

/sustainable

AXA Climate School to get risk managers up to speed with global warming danger

The Climate School, the e-learning arm of sustainable insurance and consulting company AXA Climate, today announced a new training module specifically designed to aid Risk Managers get up to speed with pressing climate danger.

/retail

Yapily and Certua team up to simplify life insurance with open banking

Open banking provider Yapily has teamed up with embedded insurance platform Certua to make it easier, quicker, and cheaper for people to apply for and manage their life insurance cover in the UK.

/wholesale

Luxhub and Vermeg launch Custodix Hub

Open Finance pioneer LUXHUB, together with banking and insurance software leader VERMEG, are today announcing a new partnership around the collection and processing of custodian data, available to insurance companies.

/retail

Nationwide taps Human API to speed up underwriting of life insurance

Nationwide announced today a partnership with Human API, a leading health data platform, to improve the life insurance buying experience by maximizing the use of digital health data to accelerate the underwriting process.

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