Insurance

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/payments

Snapsheet works with JPMorgan to provide digital payments for Clearcover claimants

Snapsheet, a pioneer in virtual claims management processing technology, today announced a strategic new approach to digitizing payments for Clearcover.

/Insurance

HSB launches online broker trading platform in Ireland

Specialist engineering and technology insurer HSB, part of Munich Re, has further expanded its e-trade offering by launching HSB Fast Track, its broker online trading platform, in Ireland.

/startups

Lemonade files for IPO

Lemonade, Inc. (“Lemonade”) today announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (“SEC”) relating to the proposed initial public offering of its common stock.

/people

Finantix names Christine Ciriani CEO

Finantix, a Motive Partners company and the leading global provider of trusted technology to the wealth management, insurance and banking industries, today appointed Christine Ciriani as Chief Executive Officer (CEO).

/retail

Trov partners Sura to bring on-demand insurance to Brazil

Trov, a global leader and pioneer of on-demand insurance technology, today announced a partnership with Seguros Sura Brazil, one of Latin America's largest P&C insurers, to be the first to introduce on-demand insurance applications in Brazil.

CommerzVentures leads £15m round in pay-as-you-drive insurance startup By Miles

/startups

CommerzVentures leads £15m round in pay-as-you-drive insurance startup By Miles

By Miles, a UK-based pay-by-mile car insurance provider, has raised £15 million in Series B funding led by CommerzVentures.

/cloud

Intellect Design Arena unveils iTurmeric FinCloud

Intellect Design Arena Ltd., a global leader and the world’s first full spectrum banking and insurance products company, introduced iTurmeric FinCloud – its future-ready, cloudready, API-first, microservices-based platform – available today on IBM public cloud, the industry’s most secure and open public cloud for business.

/regulation

FCA adresses customer insurance

The Financial Conduct Authority (FCA) is today confirming a series of temporary measures to help customers who hold insurance and premium finance products and who may be in financial difficulty because of coronavirus(Covid-19).

HK virtual bank ZA launches insurance platform

/startups

HK virtual bank ZA launches insurance platform

ZA, the first virtual bank to go live in Hong Kong, has branched out into insurance after obtaining a digital-only insurer license from the Hong Kong Insurance Authority under its Fast Track pilot scheme.

Italian consortium looks to blockchain for digital sureties

/retail

Italian consortium looks to blockchain for digital sureties

A host of Italian financial services players are taking part in a project to digitise the management of sureties using blockchain technology.

Admiral to rebate motor premiums for locked-down customers

/covid-19

Admiral to rebate motor premiums for locked-down customers

Admiral is to give back £110 million to its 4.4 million car and van insurance customers stuck at home during the UK lockdown.

Even Financial moves into insurance through LeapLife acquisition

/startups

Even Financial moves into insurance through LeapLife acquisition

Even Financial, the startup that uses an API to help banks find and connect with consumers via channel partners, is entering the insurance space through the acquisition of LeapLife. Financial terms were not disclosed.

/startups

Insurtech honcho raises £1.2m

Insurtech startup honcho – provider of the UK’s first reverse auction marketplace for financial services – have completed their latest investment raise as their mission to revolutionise how consumers buy insurance continues.

/people

Contemi names Pinky Bui MD

Contemi Solutions, the global technology provider to the insurance, wealth management, banking and financial services industry, is pleased to announce the appointment of Pinky Bui as Managing Director (MD) to further bolster its Southeast Asia InsurTech business.

/covid-19

Covid-19: Carrot Insurance rewards young drivers for staying at home

Carrot, the young driver insurance provider that uses black box technology to record driving patterns and reward safer driving, is incentivising thousands of young drivers to continue to leave their cars at home during the coronavirus lockdown.

/ai

AI InsurTech Akura8 scoops EUR8 million investment

AI insurance pricing solution Akur8 has raised €8m in its Series A round from BlackFin Capital Partners and MTech Capital, bringing Akur8’s total funding to €10 million following initial investment and incubation from Kamet Ventures in 2018.

Insurtech Instanda raises $19.5m

/retail

Insurtech Instanda raises $19.5m

Instanda, a UK-based customer and policy management platform for the insurance industry, has closed a $19.5 million Series A funding round led by Assembly Capital Partners.

/Insurance

Insurtech Zego secures French broker licence

Insurtech Zego has future-proofed its business by securing an insurance broker licence in France.

/startups

Anthemis closes $90 million InsurTech growth fund

Leading venture firm announces insurtech focused fund with backing from Aflac Global Ventures, Nürnberger, and Sumitomo Life. Industry veteran Kate Sampson joins the investment team.

Goldman makes further investment in no-code software firm Unqork

/startups

Goldman makes further investment in no-code software firm Unqork

Unqork, a no-code application platform used by big name financial services firms has topped up its Series B funding round with an additional $51 million from, among others, Goldman Sachs.

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