Insurance

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/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.

/wealth

CaixaBank picks bsurance for embedded life insurance at POS

Leading Spanish financial institution CaixaBank has partnered with B2B2C insurtech platform bsurance on a project to create and test new embedded life insurance products.

/cloud

Insurtech Arturo joins AWS partner network

Arturo, an artificial intelligence-powered (AI) platform that derives property insights and predictive analytics from aerial and satellite imagery, today announced that it has joined the Amazon Web Services (AWS) Partner Network (APN).

/startups

BondAval secures $7 million seed round led by Octopus Ventures

BondAval, the insurtech start up offering a new form of payment security, has today announced that it has secured a $7 million seed round led by UK-based venture fund Octopus Ventures.

/retail

Neo Insurer Hedvig raises $45 million for European expansion in a Series B led by Anthemis

Following its recent launch into Denmark, Nordic neo insurer Hedvig announces today that it closed a $45 million Series B funding round led by Anthemis with participation from existing investors including Cherry Ventures, Obvious Ventures, CommerzVentures, along with Swedish Novax, Nineyards Equity, Jonas Kamprad and Mathias Kamprad.

/retail

Monese partners with Qover to launch new insurance to protect customers bills and purchases

Leading mobile money app Monese and InsurTech Qover are pleased to announce their new partnership designed to provide a safety net for customers in the UK by protecting their regular bills and purchases.

/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.

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