Finextra Research: Latest fintech news, analysis, interviews, features and opinion by industry experts

Fintech is UK's top tech sub-sector

Fintech is the UK's top technology sub-sector when it comes to attracting investment, according to two new reports.

14 May 2019

Report questions value of insurtech despite record investment

Investment in the insurtech sector reached record highs in Q1 2019 yet there is lack of obvious value in the many of the newest insurtech offerings, according to a recent report.

13 May 2019

Company update/startups

Insurance giant Lloyd’s invests in startup Layr

Lloyd’s has confirmed it will invest in Layr, a cloud-based commercial insurance platform for small businesses, following a successful trial in the Lloyd’s Lab, which last week welcomed a second cohort of 12 InsurTech start-ups.

09 May 2019

Company update/Insurance

Confused.com to provide car and home insurance to six million uSwitch and Money.co.uk customers

Confused.com is bringing hundreds of pounds in savings to six million customers of Zoopla Property Group (ZPG) Ltd as the two join forces to deliver car and home insurance marketplaces for uSwitch and Money.co.uk.

09 May 2019

Company update/payments

Countingup and Hokodo partner to cover SME risk from late payments

Countingup, the UK’s number one small business banking and accounting app, has signed a partnership agreement with fintech start-up and insurance solutions provider Hokodo, in a move designed to lessen the risk faced by SMEs from late payments and unpaid invoices.

08 May 2019

Company update/Insurance

InsurTech startup Urban Jungle raises £2.5 million in seed funding

Insurance startup, Urban Jungle today announced a £2.5 million seed funding round with participation from a range of new and existing high profile Angel investors, including Rob Devey, ex CEO of Prudential UK, and Simon Rogerson, CEO of Octopus Group.

07 May 2019

Company update/startups

Insurtech Indio Technologies raises $20m

Indio Technologies, an insurance technology company that streamlines the business insurance application process, today announced it has secured $20 million in Series B funding.

02 May 2019

News/Insurance

Marsh introduces proof of insurance blockchain platform

Insurance broker and risk adviser Marsh is rolling out a proof of insurance blockchain platform to US commercial clients.

26 April 2019

News/Insurance

Tesla to use Autopilot data for insurance product

Electric car maker Tesla is planning to roll out its own insurance product within weeks, using data from its vehicles' Autopilot system to set rates, says founder Elon Musk.

26 April 2019

Company update/cloud

Insurance software firm Vertafore signs on with AWS

Today, Amazon Web Services, Inc. (AWS), an Amazon.com company (NASDAQ: AMZN), announced that Vertafore, a leading software and data provider to the insurance industry, is migrating its business-critical products and workloads to the world’s leading cloud and has selected AWS as its standard for artificial intelligence and machine learning workloads.

24 April 2019

News/Insurance

Automation could displace 40 FS industry job roles - Singapore study

Dozens of financial services job roles will see much of their work taken by data analytics and automation in the next few years, according to a new report from Singapore, which is preparing for the radical workforce shift with a new career training programme focused on emerging technology roles.

24 April 2019

Company update/Insurance

Zurich Insurance Group launches platform for SMEs with CoverWallet

Zurich Insurance Group (VTX:ZURN), one of the largest global insurance companies, and CoverWallet, the tech company that is the easiest way to understand, buy, and manage business insurance online, today launched a platform for small and medium-enterprise (SME) insurance in Switzerland.

12 April 2019

News/ai

AI-powered insurance startup Lemonade scoops $300m for European expansion

US startup Lemonade has closed a Series D funding round led by SoftBank, raising $300 million to fuel its AI-powered insurance platform's global expansion.

11 April 2019

News/ai

SocGen Assurances and Roadzen team on contextual insurance venture

Societe Generale Assurances has joined forces with AI insurtech specialist Roadzen to build a "digital and contextual" insurance player.

05 April 2019

News/Insurance

Mortgage blockchain tech startup Acre raises £5m

Acre Software, a UK startup using blockchain technology to revamp the mortgage and insurance application process for advisers, has raised £5 million from Aviva and Sesame Bankhall Group (SBG).

04 April 2019

Company update/Insurance

Copenhagen Fintech and the LHoFT sign MoU

Copenhagen FinTech (CPH FINTECH) and The Luxembourg House of Financial Technologies (The LHoFT) have signed a Memorandum of Understanding ("MoU") in order to foster innovation in the Wealth Management and Insurance industry.

19 March 2019

Company update/Insurance

Intesa Sanpaolo rolls out XME Salute digital health support service

In response to the Italian population’s growing need for medical care, the Intesa Sanpaolo Group has launched XME Salute to offer its customers a digital service that manages the booking of medical appointments in a fast and simple manner, while also providing significant discounts on healthcare services.

14 March 2019

News/startups

HSBC invests in Asian insurtech CXA Group

HSBC has joined a $25 million funding round for CXA Group, a Singapore-based health-focused insurance startup.

13 March 2019

News/Insurance

UK insurtech sector gets new legal resource

The UK Insurtech Board has unveiled a toolkit of legal documents designed to make it easier for ambitious insurance technology startups to forge commercial relationships with corporate partners.

13 March 2019

Company update/startups

Berlin insurtech wefox lands $125 million in funding

wefox Group, the Berlin-based insurtech firm has successfully raised $125 million for its series B round led by Mubadala Investment Company through Mubadala’s newly created European Ventures Fund.

06 March 2019