Insurance

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Insutech CoverHound closes $58m Series D round

CoverHound, the property and casualty (P&C) insurance platform for digital distribution, today announced it has raised a $58 million Series D funding round.

/regulation

Zurich taps Systemorph for IFRS 17 reporting

Systemorph, one of the leaders in solutions revolutionizing data management for insurance companies and banks, today announced its IFRS 17 Reporting Solution was selected by Zurich Insurance Company Ltd. (Zurich) for achieving compliance with the new international reporting standard in a number of its local Life businesses.

/wholesale

Eurobase names Paul Bryson group operations director

Eurobase International Group is pleased to announce the appointment of Paul Bryson as Group Operations Director.

/startups

Zurich backs travel insurance startup Pluto

Pluto, a London-based travel startup, is challenging the travel insurance market by offering “travel insurance for people who don’t like insurance” to decrease the number of *millennials who put themselves under unnecessary risk when travelling without cover, with up to 60% of this audience choosing to travel without insurance.

/Insurance

Grab and ZhongAn Technognologies forge digital insruance joint venture

ZhongAn Online P&C Insurance Co., Ltd. (“ZhongAn” or “ZA Insurance”, HKEX stock code: 6060), the first Internet-based insurer in China, announced today that its subsidiary ZhongAn Technologies International Group Limited (“ZA International”), and Grab Holdings Inc. (“Grab”), Southeast Asia’s leading online-to-offline mobile platform, will establish a joint venture company (“JV”) to enter the digital insurance distribution business in Southeast Asia.

/retail

On-demand insurance startup Trov expands to more US states

The New Year is here (how are your resolutions going?) and we’re already checking off some of our goals for 2019. We’ve been busy obtaining state-by-state approvals for Trov’s innovative approach to insurance over the past months.

/retail

Legal & General introduces Nice virtual attendant robots

Nice (Nasdaq: NICE) today announced Legal & General, a leader in the insurance industry, has selected NICE Robotic Process Automation (RPA) to bring robotic intelligence into their service delivery approach.

/retail

SBC InsurTech teams up with Aon

SBC InsurTech, the award-winning provider of world-class innovation programs for the insurance industry, today announces a new collaboration with leading global professional services firm, Aon.

/Insurance

Yallacompare raises $8m in latest funding round

Dubai, UAE: yallacompare, the Middle East’s leading comparison site for financial products, has raised USD $8 million from existing VC partners and one new significant investor in their latest funding round.

/Insurance

Squirro brings AI to insurance market

Squirro, the augmented intelligence solutions provider, has today announced the launch of a new suite of applications that aim to transform elements of insurance, from underwriting and submission-handling, to improved lead generation and deeper customer insight.

/retail

CoverWallet launches platform for insurance agents

CoverWallet, the leading insurtech company that makes it easy for small businesses to understand, buy, and manage insurance online, today announced CoverWallet for Agents, a dedicated platform for insurance agents.

/startups

Lloyd’s begins search for next wave of InsurTech innovators

Lloyd’s Lab, the innovator accelerator launched by the Lloyd’s market last September, is today launching a new global search for the next cohort of InsurTech innovators.

/Insurance

Certua launches enterprise insurance platform

The financial technology company Certua has today announced the launch of its Enterprise Insurance platform, allowing companies to access their full service platform, via API.

/startups

US insurance startup Lemonade makes European push

Great digital brands transcend borders. Whether in Chicago, Paris, or Singapore, today’s consumers listen to music on Spotify, ride with Uber, and stay at Airbnb.

/retail

Digital Insurance Group names Irene van den Brink chief commercial officer

The Amsterdam-based insurtech Digital Insurance Group, DIG, welcomes Irene van den Brink in the newly created role of Chief Commercial Officer.

/startups

Life insurance startup Anorak raises £5m

Anorak Technologies Limited, the smart data company on a mission to build the world’s smartest life insurance adviser, today announces it has secured £5m Series A from Kamet Ventures (startup studio backed by AXA), taking the total amount of investment to £9 million.

/startups

Insuretech Ethos closes $35m Series B round

Ethos, the company making simple, ethical life insurance, announced today that it has raised a Series B financing of $35 million led by Accel, a leading early and growth-stage venture capital firm. Additional participating investors include Google Ventures (GV), previous investors Sequoia Capital and Arrive, a subsidiary of Roc Nation, and a debt facility from Silicon Valley Bank.

/startups

Azur raises £13.3m

Azur, the Managing Digital Agent (MDA), has completed its series B funding round, raising £13.3m of funding and support from AIG, Ascot Group (owned by CPPIB, the Canada Pension Plan Investment Board), Hyperion Insurance Group and the serial fintech angel and entrepreneur Richard Little.

/startups

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.

/startups

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.

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