Latest Insurance News: Finextra Research

Company update/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.

28 February 2023

News/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.

28 February 2023

News/startups

Altari Ventures launches fintech and insurtech fund

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

23 February 2023

Company update/sustainable

Kita secures £4m seed investment to bring carbon insurance products to market

Kita today announces a highly over-subscribed £4m seed funding round led by Octopus Ventures, alongside existing investors Insurtech Gateway, Carbon13 and Climate VC, and new investors Chaucer Group and Hartree Partners.

22 February 2023

Company update/sustainable

AXA Climate launches humorous content series to engage employees with sustainability

Making sustainability easy to understand, AXA Climate has launched a quirky content series, Climate Brief, to engage all employees on sustainability, from the least-informed to the most sustainability-savvy.

20 February 2023

News/startups

Vittoria hub seeks insurtech incubator participants

Italian insurtech incubator Vittoria hub is on the hunt for its latest batch of startups from Europe and the US.

16 February 2023

Company update/retail

BNP Paribas Cardif and Lemonade to offer home insurance for rental sector

Home insurance is an essential pillar among the personal protection solutions used by French consumers.

15 February 2023

News/payments

India's PhonePe raises $100m at $12bn valuation

Weeks after a $350 million raise, Indian digital payment platform PhonePe has secured another $100 million in funding at a $12 billion valuation.

15 February 2023

Company update/retail

Goldman Sachs leads $150 million debt and equity round in InsuranceDekho

InsuranceDekho, India’s leading Insurtech player, today said it has raised $150 million in Series A funding consisting of a mix of equity and debt, the largest ever series A round by an Indian Insurtech company.

14 February 2023

Company update/regulation

Driverly achieves FCA authorisaton for dynamically priced app based insurance

Driverly has announced it has received direct authorisation from the Financial Conduct Authority (FCA) to sell car insurance after a thorough review of its processes and governance structure.

13 February 2023

Company update/retail

Bunq embeds insurance from Companjon

Companjon, a leading insurtech specializing in digital-driven embedded insurance, today announced its partnership with bunq, the second largest neobank in the European Union.

07 February 2023

News/retail

Augmentum makes first insurtech investment

UK listed fintech fund Augmentum has led a funding round into Berlin-based cyber insurance platform Baobab, with a €3 million investment.

30 January 2023

Company update/retail

Turkish fintech Papara launches insurance arm

Papara, the market-leading Turkish fintech, today announces the launch of its insurance arm, bringing affordable, fair and fast insurance to users in Turkey.

18 January 2023

Company update/wholesale

UK insurtech Superscript scoops £45m in Series B

UK-based insurtech Superscript, a digital-first insurance provider to small businesses and high-growth tech companies, has completed a £45 million ($54m USD) Series B funding round.

09 January 2023

Company update/cloud

Duck Creek Technologies to acquire payments platform Imburse Payments

Duck Creek Technologies, the intelligent solutions provider defining the future of property and casualty (P&C) insurance, today announced a definitive agreement to acquire Imburse Payments, a Swiss-based modern payments platform.

06 January 2023

Company update/wholesale

B2B InsurTech Bondaval raises €15 million

Bondaval, a London-based B2B fintech that gives credit teams the certainty that their receivables will be secured, has raised a $15 million Series A Round, led by Talis Capital.

14 December 2022

Company update/sustainable

AXA Climate School to get risk managers up to speed with global warming danger

The Climate School, the e-learning arm of sustainable insurance and consulting company AXA Climate, today announced a new training module specifically designed to aid Risk Managers get up to speed with pressing climate danger.

07 December 2022

News/cloud

New Singapore digital bank Trust selects Thought Machine core

Trust Bank, the Standard Chartered and FairPrice-backed digital challenger that recently launched in Singapore, is running on Thought Machine's cloud-native core platform.

30 November 2022

Company update/retail

Yapily and Certua team up to simplify life insurance with open banking

Open banking provider Yapily has teamed up with embedded insurance platform Certua to make it easier, quicker, and cheaper for people to apply for and manage their life insurance cover in the UK.

30 November 2022

Company update/wholesale

Luxhub and Vermeg launch Custodix Hub

Open Finance pioneer LUXHUB, together with banking and insurance software leader VERMEG, are today announcing a new partnership around the collection and processing of custodian data, available to insurance companies.

23 November 2022