Insurance

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/Insurance

Digital insurer Hellas Direct raises €32 million

Hellas Direct, an innovative, technology-driven insurance company operating in Greece and Cyprus, announced that it has raised a further EUR 32m in funding in its latest financing round, bringing the total raised to date to EUR 56m.

/startups

Life insurance startup Anorak raises £5 million

Anorak, the world’s first fully automated life insurance advice platform, has raised £5million on its journey to become the most innovative life insurance technology company in Europe.

After 'awful' AI tweets, Lemonade says it doesn't use phrenology

/retail

After 'awful' AI tweets, Lemonade says it doesn't use phrenology

Insurance unicorn Lemonade has scrambled to reassure customers after a tweet thread boasting about its AI prowess led to worries that it was treating claimants differently based on physical characteristics.

/crypto

Crypto-insurance firm Evertas raises $5.8 million

Evertas, the world’s first and leading crypto insurance company, announced today that it has raised nearly $5.8M in seed funding.

/startups

Wells Fargo leads $50 million round in InsurTech Super

Super, an insurtech company that provides subscription care for the home, today announced the closing of $50 million in an oversubscribed Series C round of funding.

/payments

State Farm signs with Fiserv

State Farm, the largest insurer of cars and homes in the nation, is accelerating the claims payout process for customers with technology from Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions.

/startups

Insurtech Qover raises $25m

InsurTech Qover, which builds the API-first global insurance solution for the new economy, has raised $25M with Prime Ventures as lead investor, backed by Cathay Innovation.

/retail

Molo teams up with Uinsure for tech-led mortgage and insurance collaboration

Molo Finance has announced an exciting partnership with Uinsure to offer digital insurance solutions for the buy-to-let market.

/Insurance

Leading insurance firms sign Fintech Pledge

In celebration of UK Fintech Week, Tech Nation, the growth platform for tech companies and leaders, has today announced new signatories of the Fintech Pledge.

/retail

Lemonade moves into car insurance

Lemonade, the insurance company powered by artificial intelligence and behavioral economics, announced it is readying ‘Lemonade Car’ for launch within the year.

N26 moves into insurance market

/retail

N26 moves into insurance market

Berlin-based mobile bank N26 is moving into the insurance space, offering customers the option to purchase coverage, manage plans and initiate claims in-app for a range of insurance plans from different providers.

/startups

BME and BBF Fintech launch Hack & Disrupt! event

Bilbao will host the "Hack & Disrupt!" event, the first hackathon focused on the international fintech and insurtech sector that focusses on sustainable finance.

/wealth

Nice Actimize unveils tool to cut compliance risk for wealth management and insurance firms

Financial services organizations that provide investment advice, and which sell life insurance, annuities and other wealth products, are finding that regulators are escalating how closely they monitor advisor behaviour.

/people

Atos appoints Carol Houle global head, consulting and marketing, FS and insurance

Atos has announced a significant new appointment to its global Financial Services and Insurance (FS&I) division, with the appointment of Carol Houle as Global Head of Consulting and Marketing.

/crypto

Crypto insurance firm Unslashed raises $2 million

Unslashed Finance, a company that provides insurance products for crypto assets, today announces its $2M funding round.

/crypto

Aon to to run crypto-insurance pilot

Aon plc (NYSE: AON), a leading global professional services firm providing a broad range of risk, retirement and health solutions, today announced a first-of-its-kind offering to secure capital through a collaboration with Nayms, an insurtech platform that supports cryptocurrency investors in insuring crypto-risk.

South African digital challenger TymeBank raises $109m; preps Philippines launch

/cloud

South African digital challenger TymeBank raises $109m; preps Philippines launch

South African digital lender TymeBank has raised R1.6 billion (about $109 million) in a round joined by an Apis Partners fund and Philippines-based JG Summit.

/retail

Zurich invests in InsurTech startup My Policy

My Policy, a leading UK provider of data analytics and telematics insurance, announces today an investment by Zurich Group, as part of which Zurich will become a long-term insurance capacity provider, joining an existing panel of insurers to enable rapid growth of My Policy’s recently launched usage-based insurance (“UBI”) product, JURNY.

Aviva moves into savings market with Raisin

/retail

Aviva moves into savings market with Raisin

UK insurance and pensions house Aviva is moving in to the cash savings market through a tie up with deposit platform Raisin.

/retail

Swedish Open Insurance platform Insurely secures €2.5 million in new funding

Insurtech company, Insurely — striving for global leadership within Open Insurance — announces it has successfully secured EUR 2.5 million in new funding.

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