Insurance

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International insurtech bolttech valued at $1.6 billion in Series B up-round

bolttech today announced it raised US$196 million in connection with its Series B with an up-round valuation of US$1.6 billion.

JPMorgan and Barclays back German InsurTech wefox

/retail

JPMorgan and Barclays back German InsurTech wefox

Wefox, the Berlin-based InsurTech, has secured US$55m credit facility from JPMorgan and Barclays alongside a $55m second close in its Series D at US$4.5bn valuation from existing investors and new investors including Squarepoint.

/payments

Nexi helps Itas Group to launch Itas Pay

ITAS Assicurazioni, Italy’s oldest insurance company, continues its strategic path of digital transformation and launches ITAS Pay with the support of Nexi Group, the leading European PayTech.

/retail

Nordea completes acquisition of digital pension broker Advinans

Nordea has today completed the acquisition of Swedish digital pension broker platform Advinans, following receipt of the regulatory approvals.

Conversational Banking 2023: How to achieve a 293% ROI with conversational AI

/Insurance

Conversational Banking 2023: How to achieve a 293% ROI with conversational AI

87 downloads

/sustainable

Ibsia introdduces The Weather Simulator

In a world where climatic events are becoming more and more intense and frequent, weather simulation and risk anticipation are a strategic issue, notably for companies.

/retail

Iress signs Reassured

Iress today announced that Reassured, the UK’s largest life insurance broker, has selected The Exchange platform to power both its advised and non-advised protection business.

/sustainable

ZestyAI launches risk analytics tech for severe convective storms

Today, ZestyAI, the leading provider of climate and property risk analytics solutions powered by Artificial Intelligence (AI), announced that severe convective storms have joined the growing list of perils addressed by the company’s risk analytics platform.

/retail

Zinnia to acquire Policygenius

Zinnia, a life and annuity insurance technology and digital services company, today announced it is acquiring Policygenius, a digital insurance marketplace.

/retail

Direct Line acquires pay-per-mile insurance agent By Miles

Direct Line Group (the ‘Group’) has acquired By Miles Group Ltd (‘By Miles’), a Managing General Agent and provider of real-time pay-by-mile insurance policies. Having sold over 100,000 policies since launch, By Miles currently has c.50,000 customers, writing £26m of Gross Written Premium.

/people

Qover hires Ed Ackerman as chief customer oficer

Insurtech pioneer Qover is pleased to announce the appointment of its first Chief Customer Officer (CCO) Ed Ackerman.

/retail

YuLife lands in South Africa

YuLife, the tech-driven financial services provider on a mission to inspire life, today announced its launch in South Africa.

How banks can expand the omnichannel for virtual signing experiences

/Insurance

How banks can expand the omnichannel for virtual signing experiences

189 downloads

/people

Lyfeguard appoints Ronel David to advisory board

Lyfeguard, a life planning assistant and document management platform, has appointed Ronel David, Strategic Sales and DE&I Leader at FIS, to its advisory board to accelerate financial management, go to market and growth strategy.

Walmart invests $200m in Indian fintech PhonePe

/payments

Walmart invests $200m in Indian fintech PhonePe

Indian mobile payments company PhonePe has secured $200 million in primary capital from US retail giant Walmart.

/retail

SEB buys stake in Nordic InsurTech Hedvig

SEB is entering a strategic partnership with the insurance provider Hedvig, a leading Nordic insurtech-company within property insurance for private individuals.

Payroll and benefits fintech Catch shuts down

/startups

Payroll and benefits fintech Catch shuts down

Personal payroll and benefits fintech Catch is shutting down after admitting it is not the one to topple a "trillion dollar ecosystem".

/retail

Socotra launches CorePlus line of end-to-end insurance tech

Socotra today announced the launch of Socotra CorePlus™, a line of complete insurance IT solutions composed of Socotra Connected Core, seamlessly integrated via Socotra App MarketPlace with industry-leading software and data providers, including Mendix, Snapsheet, and Stripe.

Banks back 'Japan Metaverse Economic Zone'

/identity

Banks back 'Japan Metaverse Economic Zone'

Major Japanese banks and tech firms have banded together on a metaverse infrastructure project that will, among other things, provide payments, authentication, and insurance services for users across platforms.

Altari Ventures launches fintech and insurtech fund

/startups

Altari Ventures launches fintech and insurtech fund

Early-stage venture capital firm Altai Ventures has closed a $53 million fintech and insurtech fund.

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