Insurance

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/retail

Virgin Money and Superscript partner up to provide insurance to SMEs

Virgin Money, the high-street bank, is partnering with Superscript, the insurtech scale-up, to provide its business banking customers with customisable, flexible, subscription-based business insurance.

/retail

Insurtech wefox achieves $4.5 billion valuation on $400 million equity and debt round

wefox, the Berlin-based insurtech, has successfully closed a Series D funding round of $400m (comprising equity and debt) and increased its post-money valuation to US$4.5bn.

/retail

UAE insurance company goes live with Innoveo no-code platform

Innoveo, a global technology firm and pioneer in no-code platform-as-a-service, announced today that Oman Insurance company, one of the largest publicly listed insurers in the United Arab Emirates, has successfully gone live with its ZeroCode ‘KUDOS’ platform leveraging Innoveo Skye, driving near-immediate efficiencies and enhancing the customer experience.

/wholesale

Surecomp signs DZ Bank to collaborative trade finance platform

Surecomp today announced that two financial institutions have subscribed to its newly launched RIVO™ platform for collaborative trade finance. DZ Bank is the first bank to sign-up, alongside the leading provider of guarantee insurance in the Nordics.

/people

Wefox appoints former Klarna risk chief to board

wefox, the Berlin-based digital insurance company, has appointed Hanna Jacobsson to the Board. Jacobsson will serve as a Non-Executive Director with immediate effect.

/retail

Aviva deploys Tractable AI to assess motor damage claims

Aviva, one of the largest insurers in the UK, has signed an agreement with Tractable to improve the accuracy and efficiency of UK motor claims by using artificial intelligence (AI).

/retail

Generali and ZA Bank form bancassurance partnership

Generali Hong Kong and Hong Kong's No.1 virtual bank[1] - ZA Bank, today announced the commencement of their bancassurance partnership.

/retail

Revolut Premium and Metal account holders now have travel insurance benefits from Allianz Partners

Revolut, the global financial super-app with more than 18 million customers worldwide, has appointed Allianz Partners, a leading company in B2B2C insurance and assistance services, as its new global travel insurance services provider.

/retail

FintechOS enters pet insurance market

FintechOS, the global leader in high-productivity fintech infrastructure to companies that offer financial services, today announced its entry into the pet insurance space with its newest Accelerator, empowering insurers to offer hyper-personalized pet cover to a market worth over USD 7 billion.

/startups

Insurtech Igloo raises $19 million; appoints new CEO

Regional insurtech firm, Igloo, today announced the promotion of Raunak Mehta, previously Chief Commercial Officer as its new Co-founder and Chief Executive Officer (CEO).

/startups

Digital life insurance platform Plum Life raises $5.3m

Plum Life Inc announced today it closed a $5.3 Million seed round led by ManchesterStory with additional participation from MTech Capital, Sonostar Ventures and other investors.

/payments

Vitesse PSP, secures $26 million in Series B funding

Vitesse PSP (“Vitesse” or “the Company”), the global payment, liquidity and treasury management platform, today announced that it has raised $26 million in Series B funding led by Prime Ventures.

/startups

ABN Amro invests in e-mobility insurtech company Laka

ABN AMRO Ventures is investing in a Series A capital raise of USD 12 million by London and Amsterdam-based insurtech start-up Laka, alongside US mobility investor Autotech Ventures and other tier 1 venture capital investors.

/startups

Insurtech Stubben Edge Group secures £10m investment

UK-based insurtech Stubben Edge Group has secured £10m in investment following a doubling of business since its first round in December 2020.

/sustainable

Insurtech Zensung launches 'go green' app

Singapore-based insurtech firm, Zensung today launched its application called Parrot on the app stores.

/wholesale

Broker Insights raises £6m for US expansion

Broker Insights – the high-growth company whose digital platform is transforming the commercial insurance market - has raised more than £6m in a Series A funding round led by Mercia.

/payments

Vitesse to offer instant pay to card with Mastercard Send

By leveraging near real-time payments to debit and credit cards, insurers can now provide a flexible, seamless and secure claims payment service for their customers. Vitesse announces it is working with Mastercard as a network provider for its Pay-to-Card solution, allowing insurers to pay claims directly to debit and credit cards - in a matter of minutes.

/sustainable

Insurtech Demex raises $9m

The Demex Group, the technology company behind a first-of-its-kind platform for analyzing, pricing, and transferring climate-linked risks at scale, today announced it has raised $9 million in Series A funding led by financial services and technology investors, Anthemis Group, Blue Bear Capital, and QBE Ventures.

/startups

F10 strengthens investor network with Italian Angels for Growth partnership

The partnership between F10 and IAG is a strategic initiative to strengthen the global FinTech & InsurTech innovation ecosystem and to increase investment opportunities for startups graduating from F10 programs. Both F10 and IAG are aligned in their vision that collaboration and a strong support network are key to the success of FinTech & InsurTech innovations.

/retail

Collective Benefits bags $10 million investment from Prosus Ventures

Collective Benefits, an insurance and benefits marketplace for independent workers, today announced a US $10 million investment from Prosus Ventures, the venture investing arm of Prosus, one of the largest technology investors in the world.

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