Insurance

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Fin VC and Barclays invest in invoice insurance platform Nimbla

/wholesale

Fin VC and Barclays invest in invoice insurance platform Nimbla

Invoice insurance startup Nimbla has attracted £5.1 million in funding from Silicon Valley's FIN VC with participation from Barclays Bank.

/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.

Open finance partnership platform mmob signs up partners

/startups

Open finance partnership platform mmob signs up partners

Open finance partnership platform mmob has added a host of firms, including PensionBee, Upside, and Glint Pay, to its network as it bids to become a 'SuperApp-as-a-Service' provider.

/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.

Marshmallow announces Series B funding round

/startups

Marshmallow announces Series B funding round

InsurTech Marshmallow has raised $85m as part of its Series B funding round – making it the UK’s latest tech unicorn.

/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.

Malaysia's BigPay scores $100m investment

/startups

Malaysia's BigPay scores $100m investment

BigPay, the fintech arm of airline AirAsia, has secured an investment of up to US$100 million from South Korea's SK Group.

Fintech must grab opportunity to entice over 50s

/predictions

Fintech must grab opportunity to entice over 50s

Fintech firms have been missing a trick by largely ignoring the fastest growing and wealthiest demographic - the over 50s, says VC QED Investors.

/startups

Insurtech Spot raises $17.5m

Spot, the tech startup modernizing insurance by providing digital, on-demand injury insurance to tens of thousands of customers, today announced it has raised $17.5 million in funding, including $15 million in equity and $2.5 million in debt.

/retail

Anorak and Plum team up to bring life insurance to millennial savers

Money management app Plum has partnered with Anorak, an online broker for life insurance, income protection and critical illness cover, to support savvy savers on their financial journey for the long-run.

/people

One Inc appoints Elizabeth Hoemeke CIO

One Inc, a leading digital payments platform provider for the insurance industry, today announced the appointment of fintech expert Elizabeth Hoemeke as Chief Information Officer (CIO), effective July 7, 2021.

/startups

Anorak and PK Group to launch employee benefit marketplace

Anorak, the award winning independent online broker for life insurance, income protection and critical illness cover, has today announced its move into the employee benefit space, partnering with industry leader PK Group to provide further support to employees on their financial journey.

/people

Tesco bank appoints interim underwriting chief

Tesco Bank has announced the appointment of Gary Duggan to the roles of interim Chief Executive Officer, Tesco Underwriting, and interim Chief Insurance Officer, Tesco Bank.

PayMaya owner raises $167m to launch digital bank in the Philippines

/inclusion

PayMaya owner raises $167m to launch digital bank in the Philippines

Voyager Innovations, the Filipino technology firm behind popular payments app PayMaya, has raised US$167 million in funding to launch a digital bank.

/retail

Randall and Quilter renews Atos partnership with transformation contract

Randall and Quilter Investments Holdings, a leading non-life global speciality insurance company focusing on Program Management and Legacy Insurance businesses, has renewed its contract with Atos for a further three years as its core digital services partner to maintain and modernise its IT estate.

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