Insurance

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/payments

One Inc partners Mastercard for real-time insurance payments

To ensure that individuals, families, and businesses have near-instant access to insurance funds in the face of emergency, One Inc, a leading digital payments network for the insurance industry, today announced plans to disburse claims through Mastercard virtual cards and Mastercard Send.

/cloud

Sun Life signs with AWS

Today, Amazon Web Services, Inc. (AWS), an Amazon.com, Inc. company (NASDAQ: AMZN), announced that Sun Life (TSX: SLF) (NYSE: SLF) has selected AWS as its long-term strategic cloud technology provider to become a cloud-first organization, drive ongoing innovation, and develop new digital client experiences.

/retail

Surex to integrate insurance quotes into the mortgage application process with Filogix

Surex, Canada’s fastest growing online Insurance Marketplace™, and Filogix, a Finastra company that has served as the technology hub of the Canadian mortgage industry for over two decades, have partnered to enable mortgage brokers to initiate a home insurance quote alongside any mortgage application with a single click.

/startups

Insurtech Spot raises $17.5m

Spot, the tech startup modernizing insurance by providing digital, on-demand injury insurance to tens of thousands of customers, today announced it has raised $17.5 million in funding, including $15 million in equity and $2.5 million in debt.

/retail

Anorak and Plum team up to bring life insurance to millennial savers

Money management app Plum has partnered with Anorak, an online broker for life insurance, income protection and critical illness cover, to support savvy savers on their financial journey for the long-run.

/people

One Inc appoints Elizabeth Hoemeke CIO

One Inc, a leading digital payments platform provider for the insurance industry, today announced the appointment of fintech expert Elizabeth Hoemeke as Chief Information Officer (CIO), effective July 7, 2021.

/startups

Anorak and PK Group to launch employee benefit marketplace

Anorak, the award winning independent online broker for life insurance, income protection and critical illness cover, has today announced its move into the employee benefit space, partnering with industry leader PK Group to provide further support to employees on their financial journey.

/people

Tesco bank appoints interim underwriting chief

Tesco Bank has announced the appointment of Gary Duggan to the roles of interim Chief Executive Officer, Tesco Underwriting, and interim Chief Insurance Officer, Tesco Bank.

/retail

Randall and Quilter renews Atos partnership with transformation contract

Randall and Quilter Investments Holdings, a leading non-life global speciality insurance company focusing on Program Management and Legacy Insurance businesses, has renewed its contract with Atos for a further three years as its core digital services partner to maintain and modernise its IT estate.

/Insurance

Digital insurer Hellas Direct raises €32 million

Hellas Direct, an innovative, technology-driven insurance company operating in Greece and Cyprus, announced that it has raised a further EUR 32m in funding in its latest financing round, bringing the total raised to date to EUR 56m.

/startups

Life insurance startup Anorak raises £5 million

Anorak, the world’s first fully automated life insurance advice platform, has raised £5million on its journey to become the most innovative life insurance technology company in Europe.

/crypto

Crypto-insurance firm Evertas raises $5.8 million

Evertas, the world’s first and leading crypto insurance company, announced today that it has raised nearly $5.8M in seed funding.

/startups

Wells Fargo leads $50 million round in InsurTech Super

Super, an insurtech company that provides subscription care for the home, today announced the closing of $50 million in an oversubscribed Series C round of funding.

/payments

State Farm signs with Fiserv

State Farm, the largest insurer of cars and homes in the nation, is accelerating the claims payout process for customers with technology from Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions.

/startups

Insurtech Qover raises $25m

InsurTech Qover, which builds the API-first global insurance solution for the new economy, has raised $25M with Prime Ventures as lead investor, backed by Cathay Innovation.

/retail

Molo teams up with Uinsure for tech-led mortgage and insurance collaboration

Molo Finance has announced an exciting partnership with Uinsure to offer digital insurance solutions for the buy-to-let market.

/Insurance

Leading insurance firms sign Fintech Pledge

In celebration of UK Fintech Week, Tech Nation, the growth platform for tech companies and leaders, has today announced new signatories of the Fintech Pledge.

/retail

Lemonade moves into car insurance

Lemonade, the insurance company powered by artificial intelligence and behavioral economics, announced it is readying ‘Lemonade Car’ for launch within the year.

/startups

BME and BBF Fintech launch Hack & Disrupt! event

Bilbao will host the "Hack & Disrupt!" event, the first hackathon focused on the international fintech and insurtech sector that focusses on sustainable finance.

/wealth

Nice Actimize unveils tool to cut compliance risk for wealth management and insurance firms

Financial services organizations that provide investment advice, and which sell life insurance, annuities and other wealth products, are finding that regulators are escalating how closely they monitor advisor behaviour.

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