Insurance

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/Insurance

Next Insurance closes $29m Series A funding round

Next Insurance, a leading digital insurance company for small to medium businesses, announced today that it has raised $29 million in a Series A funding round led by Munich Re/HSB Ventures along with Markel, Nationwide, and other existing investors.

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BearingPoint invests in Nordic InsurTech startup Tribe

As part of its Ventures activities, BearingPoint has invested in the Oslo-based start-up Tribe.

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Robo life insurance startup Certua to launch in UK

Certua, a data driven fin-tech company has today announced its intention to launch to market in 2017.

/Insurance

Allianz invests in Lemonade

Lemonade, the insurance company powered by artificial intelligence and behavioral economics, today announced a strategic investment by Allianz, the world's largest insurance company.

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R3 and Acord team on insurance DLT centre of excellence

Financial innovation firm R3 has partnered with ACORD (Association for Cooperative Operations Research and Development) to launch a Centre of Excellence for distributed ledger technology (DLT) in the global insurance industry.

/Insurance

InsurTech startup Trov closes $45 million Series D financing

Trov, the technology company revolutionizing insurance for the tech-empowered consumer, today announced that it has closed $45 million in Series D funding led by Munich Re / HSB Ventures, bringing its total funding to just over $85 million.

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VidaCaixa selects SimCorp Dimension

SimCorp, a leading provider of investment management solutions and services to the global financial services industry, today announced that VidaCaixa, part of the CaixaBank Group and the leading insurance company in Spain with more than 4.5 million customers, has selected SimCorp Dimension as its new front and middle office platform.

/Insurance

Insurance provider Saga picks Guidewire Software

Saga Services Ltd (“Saga”), a leading UK provider of insurance solutions to the over 50s, and Guidewire Software, Inc. (NYSE: GWRE), a provider of software products to general insurers, today announced that Saga has selected Guidewire PolicyCenter®, Guidewire BillingCenter®, Rating Management, Client Data Management, and Guidewire DataHub™ for policy administration, billing, rating, client data management, and analytics.

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AI and IoT dominate insurtech startup funding

Artificial intelligence (AI) and the internet of things (IoT) now account for almost half of total investment in insurance technology (insurtech) startups globally, new research from Accenture (ACN) shows.

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FinLeap to build a digital insurance platform

Company builder FinLeap is further committing to reshape the insurance industry. With Element, FinLeap is introducing a fully digital platform, going upstream in the value chain to custom-build the very core of insurance and enable products and services that meet demands of the modern age.

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Tieto partners Friss to tackle insurance fraud in the Nordics

Today, Tieto and Friss have announced a partnership bringing together Tieto’s knowledge of the Nordic insurance market and Friss expert fraud detection and prevention solutions.

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PwC runs blockchain prototype for London insurance market

PwC has created a working blockchain prototype for the London Market Target Operating Model (TOM) Innovation Exchange.

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Insurtech startup Digital Fineprint to take part in MetLife's LumenLab collab programme

Digital Fineprint, an InsurTech startup that harnesses social media to super-charge insurers online propositions, has been chosen as one of just eight InsurTech companies in the world to take part in MetLife’s collab Partnership.

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JVP invests $2 million in Insurtech startup contest winners

Israeli startups GetmeIns and Seegnature shared the top prize in the Insurtech Israel competition, a first of its kind competition in Israel for startups in the field of insurance technology.

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Charles Taylor InsureTech acquires majority stake in insurance platform specialist

Charles Taylor InsureTech (InsureTech) has acquired a majority stake in Otak, an insurance technology platform business specialising in delegated authority solutions.

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Allianz Life promotes Chris Du Bois to SVP, chief digital officer

Allianz Life Insurance Company of North America (Allianz Life®) today announced it has promoted Chris Du Bois to senior vice president, Chief Digital Officer.

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InsurTech startup Digital Fineprint joins Accenture innovation lab

Digital Fineprint, an InsurTech startup that harnesses social media to super-charge insurers online propositions, has been selected to take part in Accenture’s Fintech Innovation Lab in London, from over 300 applicants.

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Startupbootcamp InsurTech identifies 23 promising startups

Startupbootcamp InsurTech, the leading accelerator focused on early-stage, insurance technology startups and corporate innovation, announces the top 23 globally diverse startups chosen to participate in its Selection Days.

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SoFi and protective team on life insurance for millennials

SoFi and Protective together announced a new term life insurance offering that provides up to $1 million in coverage through an easy, online application with competitive pricing and no medical exam for a majority of people under 40 – available today.

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Fintech startups urged to join Pension Dashboard scheme

A final call is going out for FinTech developers who want to get involved and collaborate on the Pensions Dashboard prototype.