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TrustLayer raises $6M seed to become the ‘Carta for insurance’

TechCrunch

TrustLayer , which provides insurance brokers with risk management services via a SaaS platform, has raised $6.6 Twenty of the top 100 insurance agencies in the U.S. (as BrokerTech Ventures (BTV), a group consisting of 13 tech-focused insurance agencies in the U.S. million in a seed round.

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Crypto boom continues as Chainalysis raises $100M, doubles valuation to over $2B

TechCrunch

Chainalysis , a blockchain analysis company, announced Friday it has closed on $100 million in Series D financing, doubling its valuation to over $2 billion. Chainalysis’ self-described mission is “to build trust in blockchains to promote more financial freedom with less risk.”. Gox , then the world’s largest cryptocurrency exchange.

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Revolutionizing Auto Insurance: How InsurTechs are Lowering Auto Insurance Costs with Usage-Based Policies

Trigent

Usage-based insurance, often referred to as UBI, has shot to popularity due to its immense potential for insurers when it comes to customization and cost savings. In-car technologies and the surge in connected cars significantly contribute to the growing market size of usage-based insurance. percent between 2023 and 2032.

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Concept to Cost: A Complete Guide to Blockchain Implementation

Openxcell

What is Blockchain technology? Blockchain Technology is a modern database infrastructure that revolutionizes information sharing amongst the network of participants. Due to this, Blockchain technology emerged as a potent immutable ledger for tracking orders, accounts, payments, and other transactions.

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Regulatory scrutiny is good for the future of software

TechCrunch

The biggest issues for regulators were related to what companies did with their market dominance (i.e., But despite the growing risk of regulation of the software industry, the capital markets continue to reward digital companies, including the larger companies that are under constant scrutiny regarding antitrust claims and consumer privacy.

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Impact of technology on insurance industry

Hacker Earth

Like every other industry, the global insurance sector, worth over $5 trillion, has undergone an immense overhaul because of disruptive technologies in recent years. According to PwC’s 2017 Global InsurTech Report, the challenges the insurance industry faces in their ability to innovate are. Blockchain. Talent (87%).

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YC W22 batch nets 24 African startups, including 18 from Nigeria

TechCrunch

Quick thoughts : Off the back of DoorDash’s IPO, Y Combinator seems set on replicating that success in other markets, including Africa, where the likes of Glovo and Jumia Food are ramping up efforts to grab market share. What it says it does : Building Plaid for insurance in Africa. Founded in : 2019. Team size : 30 .

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