Insurance

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/payments

State Farm to offer payouts into PayPal accounts

State Farm, the largest insurer of vehicles and homes in the US, is expanding its Digital Pay solution to include claim payouts delivered instantly into a customer’s PayPal account.

/startups

Insurtech Isle of Man and F10 Global launch accelerator programme

Insurtech Isle of Man is pleased to announce a joint Acceleration Program with F10 for growth-stage Insurtech start-ups.

/startups

Community fintech 11Onze enters insurance market

Barcelona-based community fintech 11Onze has teamed up with insurance company Tuio, to offer a unique market proposal – 11Onze Segurs. It’s a tech-driven, agile, transparent, affordable home insurance service for its members.

Insurtech Gateway completes first close on Seed Fund II

/startups

Insurtech Gateway completes first close on Seed Fund II

Insurtech Gateway has completed the first close of its Seed Fund II, enabling it to back 20 startups over the next four years from pre-seed to Series A.

/startups

Koffie Insurance raises $11m

Koffie Insurance, an insurtech focused on providing financial services to the trucking and transportation sector, today announced the closing of an $11 million Series A, bringing the company’s total funding to date to $15.5M.

/retail

Virgin Money and Superscript partner up to provide insurance to SMEs

Virgin Money, the high-street bank, is partnering with Superscript, the insurtech scale-up, to provide its business banking customers with customisable, flexible, subscription-based business insurance.

/retail

Insurtech wefox achieves $4.5 billion valuation on $400 million equity and debt round

wefox, the Berlin-based insurtech, has successfully closed a Series D funding round of $400m (comprising equity and debt) and increased its post-money valuation to US$4.5bn.

Zurich picks Mendix low-code to roll out next-gen solutions

/devops

Zurich picks Mendix low-code to roll out next-gen solutions

International insurance company, Zurich, has partnered with low-code platform Mendix to roll-out a Terrorism Data Capture solution for automated coverage, among other updates.

Insurance startup YuLife raises $120m

/startups

Insurance startup YuLife raises $120m

UK tech-driven insurance outfit YuLife is set for global expansion after raising $120 million in a Series C funding round led by Dai-ichi Life Insurance Company.

/retail

UAE insurance company goes live with Innoveo no-code platform

Innoveo, a global technology firm and pioneer in no-code platform-as-a-service, announced today that Oman Insurance company, one of the largest publicly listed insurers in the United Arab Emirates, has successfully gone live with its ZeroCode ‘KUDOS’ platform leveraging Innoveo Skye, driving near-immediate efficiencies and enhancing the customer experience.

/wholesale

Surecomp signs DZ Bank to collaborative trade finance platform

Surecomp today announced that two financial institutions have subscribed to its newly launched RIVO™ platform for collaborative trade finance. DZ Bank is the first bank to sign-up, alongside the leading provider of guarantee insurance in the Nordics.

/people

Wefox appoints former Klarna risk chief to board

wefox, the Berlin-based digital insurance company, has appointed Hanna Jacobsson to the Board. Jacobsson will serve as a Non-Executive Director with immediate effect.

/retail

Aviva deploys Tractable AI to assess motor damage claims

Aviva, one of the largest insurers in the UK, has signed an agreement with Tractable to improve the accuracy and efficiency of UK motor claims by using artificial intelligence (AI).

/retail

Generali and ZA Bank form bancassurance partnership

Generali Hong Kong and Hong Kong's No.1 virtual bank[1] - ZA Bank, today announced the commencement of their bancassurance partnership.

Open insurance startup Insurely raises €19 million; signs deal with SEB

/startups

Open insurance startup Insurely raises €19 million; signs deal with SEB

Insurely, a Swedish fintech startup that uses open banking data to help insurers personalise premium offers, has signed SEB as a flagship customer.

/retail

Revolut Premium and Metal account holders now have travel insurance benefits from Allianz Partners

Revolut, the global financial super-app with more than 18 million customers worldwide, has appointed Allianz Partners, a leading company in B2B2C insurance and assistance services, as its new global travel insurance services provider.

/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.

Lemonade Foundation preps blockchain-based climate insurance for subsistence farmers

/sustainable

Lemonade Foundation preps blockchain-based climate insurance for subsistence farmers

The non-profit arm of insurance unicorn Lemonade has formed a coalition building a blockchain-based climate insurance offering for subsistence farmers and livestock keepers in developing markets.

/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).

Embedded finance network mmob raises £5m

/startups

Embedded finance network mmob raises £5m

British embedded finance network mmob has closed a £5 million seed funding round to finance a move into new markets, including Malaysia.

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