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Insurtech Foxquilt raises CAD$1.2m

Foxquilt, a growing insurance financial technology company leveraging big data and AI to change the insurance landscape, today announced that the company has successfully raised CAD$1.2 million in a seed round of investment, led by Extreme Venture Partners.

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Pay-as-you-go commercial insurance startup Coverly readies for launch

A new insurtech business targeting the SME market for on-demand, commercial insurance is set to shake-up the market in 2019.

/Insurance

So-sure to offer mobile phone insurance through the Starling Marketplace

Starling Bank today welcomes so-sure, the pioneering start-up mobile insurance company, to its in-app Marketplace. The partnership will mean that Starling customers will now be able apply for mobile phone insurance within minutes, directly from their Starling app.

/Insurance

Credit Karma expands into insurance

Credit Karma today announced its expansion within insurance. Launching today in California and Texas, Credit Karma’s members will be able to see what they could be paying for auto insurance based on what members like them are paying for the same coverage.

/startups

Insurtech Hokodo raises €1.9M led by Anthemis

Hokodo, a London & Paris based technology start-up providing B2B marketplaces and accounting platforms with small business insurance via easy-to-integrate APIs has raised €1.9M in seed funding. Hokodo’s Seed round was led by Anthemis, Europe’s leading VC focused on Fintech and Insurtech investments.

/Insurance

Simplesurance raises $11.5m

Only a few months after having announced the last financing round simplesurance receives the next high investment in the double-digit millions.

/Insurance

Barclays fund backs online reverse auction startup honcho

Barclays Northern Powerhouse Fund is supporting the UK’s first online reverse auction marketplace for financial services, honcho, which has received a £50,000 debenture facility.

/Insurance

Institutes RiskBlock Alliance enlists Deloitte for blockchain application development

The Institutes RiskBlock™ Alliance, a blockchain consortium representing 31 risk management and insurance companies, announced today that it has selected global professional-services organization Deloitte to help advance its blockchain application and product-development efforts.

/Insurance

AI-based insurtech secures £5m funding

Concirrus, the London-based InsurTech company leading the Marine and Motor Analytics market change, has raised £5 million in equity funding, bringing the total raised to £12 million.

/Insurance

Insurtech funding reaches new high, says WTW report

A total of 71 InsurTech funding transactions during the second quarter of 2018 marks a record high; however, the total of $579 million invested is down 20% against the prior quarter, according to the new Quarterly InsurTech Briefing from Willis Towers Watson, the leading global advisory, broking and solutions company, (NASDAQ:WLTW).

/Insurance

UnderwriteMe selects Yellowfin for analytics service

Yellowfin BI, the analytics company that provides better answers faster, today announced that UnderwriteMe, the largest supplier of automated underwriting systems in the UK and Ireland, has deployed Yellowfin technology to give insurers a new way to consume and serve up rich data services.

/Insurance

Homelyfe launches digital insurance platform

Insurtech start-up Homelyfe, which announced a partnership with ING’s smart money app Yolt last week, has launched a new digital insurance platform.

/Insurance

Zurich launches international startup competition

Zurich Insurance Group (Zurich) has launched the Zurich Innovation World Championship, its new global competition to collaborate with the brightest and best start-ups and entrepreneurs in the insurtech space.

/Insurance

Kingdom Trust secures insurance for custodied digital assets through Lloyd’s of London

Kingdom Trust, the first regulated financial institution to offer qualified custody for digital asset investments like Bitcoin and Ethereum, has secured insurance for digital assets held on its qualified custody platform through one of the world’s most respected insurers, Lloyd’s of London.

/Insurance

SmartPesa introduces integrated insurance agent policy payment

Singapore-based FinTech company SmartPesa is pleased to announce that it is enabling Tune Protect Malaysia (TPM) to use its next-generation payment solutions.

/Insurance

Protean Risk appoints Tristan Sargeaunt director, fintech and payment services

Protean Risk, a specialist insurance broker for asset management, financial services, and technology firms, have appointed Tristan Sargeaunt as Director of Fintech and Payment Services, where he will spearhead the development of distinct insurance solutions for firms operating in this area.

/Insurance

Insurance sector to trial blockchain tech for dispute resolution

The insurance sectors’ experiment with Blockchain technology is due to take place to help resolve disputes with car-liability claims in the pre-litigation phase.

/Insurance

Axis launches digital venture vehicle for InsurTech

AXIS Capital Holdings Limited ("AXIS Capital") (NYSE: AXS), today announced the launch of AXIS Digital Ventures, a new unit that will lead enterprise-wide efforts to partner with entrepreneurial companies focused on data and analytics with high value (re)insurance applications, new product opportunities including emerging risks, and new distribution and (re)insurance business models.

/Insurance

Rabobank and Friss unlock the value of Iban-Name Check for insurers to reduce fraud

Insurance companies can now also use the IBAN-Name Check, an innovative service that checks whether the name and the IBAN number match.

/Insurance

Next Insurance closes $83m Series B funding round

Next Insurance, the leading digital insurance company for small businesses, announced today that it has raised $83 Million in a Series B Round.

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