Insurance

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/retail

FintechOS enters pet insurance market

FintechOS, the global leader in high-productivity fintech infrastructure to companies that offer financial services, today announced its entry into the pet insurance space with its newest Accelerator, empowering insurers to offer hyper-personalized pet cover to a market worth over USD 7 billion.

/startups

Insurtech Igloo raises $19 million; appoints new CEO

Regional insurtech firm, Igloo, today announced the promotion of Raunak Mehta, previously Chief Commercial Officer as its new Co-founder and Chief Executive Officer (CEO).

/startups

Digital life insurance platform Plum Life raises $5.3m

Plum Life Inc announced today it closed a $5.3 Million seed round led by ManchesterStory with additional participation from MTech Capital, Sonostar Ventures and other investors.

/payments

Vitesse PSP, secures $26 million in Series B funding

Vitesse PSP (“Vitesse” or “the Company”), the global payment, liquidity and treasury management platform, today announced that it has raised $26 million in Series B funding led by Prime Ventures.

/startups

ABN Amro invests in e-mobility insurtech company Laka

ABN AMRO Ventures is investing in a Series A capital raise of USD 12 million by London and Amsterdam-based insurtech start-up Laka, alongside US mobility investor Autotech Ventures and other tier 1 venture capital investors.

/startups

Insurtech Stubben Edge Group secures £10m investment

UK-based insurtech Stubben Edge Group has secured £10m in investment following a doubling of business since its first round in December 2020.

/sustainable

Insurtech Zensung launches 'go green' app

Singapore-based insurtech firm, Zensung today launched its application called Parrot on the app stores.

/wholesale

Broker Insights raises £6m for US expansion

Broker Insights – the high-growth company whose digital platform is transforming the commercial insurance market - has raised more than £6m in a Series A funding round led by Mercia.

/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.

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