Insurance

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/payments

QRails acquires electronic healthcare and insurance provider Rete+Pay

QRails, Inc., a financial technology company offering a sophisticated payments platform with integrated processing and program management services, today announced that it has completed the purchase of Rete+Pay, a provider of integrated electronic healthcare and insurance payments solutions.

/retail

Car insurance outfit By Miles raises £5m

By Miles, the UK’s first real-time pay-per-mile car insurance provider, has successfully raised £5m in a Series A funding round led by Octopus Ventures.

/startups

Insurtech Axinan unveils igloo

Axinan, a Singapore-based insurtech firm today announced the launch of igloo, catering on-demand digital insurance solutions to the everyday lifestyle needs of today’s millennials.

/startups

InsurTech startup Sunday raises Series A funding of $10M led by Vertex Ventures

Redefining insurance is no easy task, but the investors behind Sunday, an under-the-radar startup, believe that the InsurTech has the right model and is set for massive growth in Southeast Asia.

/retail

DBS Hong Kong offers customers cyber insurance

With a digitally active population that is spending more of their lives online, there is an increasing need to protect against the risks of cyberbullying and cybercrimes, like identity theft, hacking, cyberstalking and harassment, which are a growing concern around the world, including Hong Kong.

Allianz X raises digital investment fund to EUR1 billion

/Insurance

Allianz X raises digital investment fund to EUR1 billion

Allianz X, the digital investment unit of German insurance and asset management giant Allianz, is taking a big bet on the tech-driven future of finance, increasing its fund size to a whopping EUR1 billion.

UN report dismisses fintech sandboxes in developing economies

/inclusion

UN report dismisses fintech sandboxes in developing economies

The rise of fintech has the potential to extend the benefits of financial inclusion to millions of people but also poses complex regulatory challenges, says a new UN-backed report which also questions the value of the increasingly popular sandbox approach.

/startups

Inshur closes $7M in Series A funding and a $2M credit facility

Following a record year of growth for the insurtech business, INSHUR has today confirmed it has closed a Series A investment round, securing $7M in equity funding and a further $2M credit facility.

/startups

Insutech CoverHound closes $58m Series D round

CoverHound, the property and casualty (P&C) insurance platform for digital distribution, today announced it has raised a $58 million Series D funding round.

Intesa Sanpaolo takes stake in insurtech startup Yolo

/startups

Intesa Sanpaolo takes stake in insurtech startup Yolo

Intesa Sanpaolo has led a EUR5 million funding round in Italian insurtech startup Yolo.

/regulation

Zurich taps Systemorph for IFRS 17 reporting

Systemorph, one of the leaders in solutions revolutionizing data management for insurance companies and banks, today announced its IFRS 17 Reporting Solution was selected by Zurich Insurance Company Ltd. (Zurich) for achieving compliance with the new international reporting standard in a number of its local Life businesses.

PNC and IBM back health insurers' blockchain project

/Insurance

PNC and IBM back health insurers' blockchain project

PNC Bank and IBM have joined a consortium trialling the use of blockchain technology to boost efficiency and cut costs in the healthcare industry.

AXA raises $150 million for second venture fund

/startups

AXA raises $150 million for second venture fund

The venture capital arm of insurance and asset management group AXA has raised $150 million for its second early stage fintech and healthtech fund.

/wholesale

Eurobase names Paul Bryson group operations director

Eurobase International Group is pleased to announce the appointment of Paul Bryson as Group Operations Director.

/startups

Zurich backs travel insurance startup Pluto

Pluto, a London-based travel startup, is challenging the travel insurance market by offering “travel insurance for people who don’t like insurance” to decrease the number of *millennials who put themselves under unnecessary risk when travelling without cover, with up to 60% of this audience choosing to travel without insurance.

/Insurance

Grab and ZhongAn Technognologies forge digital insruance joint venture

ZhongAn Online P&C Insurance Co., Ltd. (“ZhongAn” or “ZA Insurance”, HKEX stock code: 6060), the first Internet-based insurer in China, announced today that its subsidiary ZhongAn Technologies International Group Limited (“ZA International”), and Grab Holdings Inc. (“Grab”), Southeast Asia’s leading online-to-offline mobile platform, will establish a joint venture company (“JV”) to enter the digital insurance distribution business in Southeast Asia.

/retail

On-demand insurance startup Trov expands to more US states

The New Year is here (how are your resolutions going?) and we’re already checking off some of our goals for 2019. We’ve been busy obtaining state-by-state approvals for Trov’s innovative approach to insurance over the past months.

US shutdown impacts fintech market

/Insurance

US shutdown impacts fintech market

The ongoing shutdown of the US government, sparked by a disagreement over funding for border security, is starting to impinge on the US fintech industry, according to reports.

/retail

Legal & General introduces Nice virtual attendant robots

Nice (Nasdaq: NICE) today announced Legal & General, a leader in the insurance industry, has selected NICE Robotic Process Automation (RPA) to bring robotic intelligence into their service delivery approach.

/retail

SBC InsurTech teams up with Aon

SBC InsurTech, the award-winning provider of world-class innovation programs for the insurance industry, today announces a new collaboration with leading global professional services firm, Aon.

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