CIO

JULY 31, 2023

Natural disasters have been increasing in frequency, severity, and diversity in recent years, pressuring insurers to be more efficient and to anticipate event and claim fallout. In his role, Vasagiri is responsible for the data and software assets deployed to Swiss Re’s clients, as well as the company’s overall data strategy.

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TechCrunch

JANUARY 9, 2023

Superscript , an insurance broker and tech platform targeting SMEs and “high-growth” tech firms, has raised £45 million ($54 million) in a Series B round of funding. Founded out of London in 2015, Superscript constitutes two core insurance businesses: an online-only “self-serve” platform that’s available to U.K.

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TechCrunch

MARCH 29, 2023

If you think embedded insurance is the only hot thing in insurtech these days, we’ve got a surprise in store for you: While it’s true that startups that help sell insurance together with other products and services are enjoying tailwinds, there are plenty of other opportunities in the space, several investors told TechCrunch+.

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TechCrunch

MAY 6, 2022

The demand for more and enhanced automated experiences in our daily lives is growing, and the insurance sector is no exception. This points to a changing market where consumers have higher and different expectations for insurance experiences, based partly on the ease with which they now do other tasks digitally, like shopping and banking.

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TechCrunch

APRIL 21, 2023

Case in point: After millions of websites went offline after a major data center fire in France, a small online seller complained in the press that her cloud provider, OVHcloud, was only offering her a voucher worth a few months of free hosting — around $30, when she estimated the actual damage as closer to $2,000.

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Ooda Loop

APRIL 30, 2024

After a significant data theft at UnitedHealth, fellow healthcare company Kaiser Permanente publicly announced a data breach impacting 13.4 million current and former insurance members. Kaiser’s systems accidentally shared patient data with third-party advertisers. The shared data included names, IP […]

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TechCrunch

MAY 12, 2021

Planck , the AI-based data platform for commercial insurance underwriting, announced today it has raised a $20 million growth round. Planck said it currently works with “dozens of commercial insurance companies in the U.S.,” including more than half of the top-30 insurers. It will use its new funding to build its U.S.

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TechCrunch

FEBRUARY 1, 2023

French startup Seyna is slowly building an all-in-one platform for insurance brokers so that they can create, sell and manage insurance products from scratch. As the name suggests, Seyna Claims empowers insurance brokers so that they can handle claims themselves. They also take a cut on insurance premiums.

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CIO

APRIL 25, 2024

At Salesforce World Tour NYC today, Salesforce unveiled a new global ecosystem of technology and solution providers geared to help its customers leverage third-party data via secure, bidirectional zero-copy integrations with Salesforce Data Cloud. It works in Salesforce just like any other native Salesforce data,” Carlson said.

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TechCrunch

MAY 26, 2021

million funding round, offers insurance policies for companies who rely on third-party cloud providers, ecommerce services, payment gateways and CRM systems. The combination of the pricing model and monitoring system means that this product that looks very different from the insurance policies we’re used to in another key way.

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TechCrunch

APRIL 5, 2023

Construction insurance company Billy announced today the closing of an additional $2.5 The second model uses the data from the SaaS platform to operate a marketplace that provides insurance solutions. In construction tech, nobody has built workflows for the insurance industry,” Gutsa told TechCrunch.

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TechCrunch

JULY 8, 2022

Coalition, a San Francisco-based startup that combines cyber insurance and proactive cybersecurity tools, is preparing to expand outside of the U.S. This, Motta tells us, is a result of the booming cyber insurance market. for the first time following a mega $250 million Series F investment that takes its valuation to $5 billion.

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TechCrunch

APRIL 12, 2022

Processing claims at scale presents a challenge for insurers, particularly where the claims entail factors like complex underlying health conditions. A growing cohort of startups including Alan, Tractable and Snapsheet offer tools to help customers navigate through the insurance claims process. ” Accelerating insurance claims.

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TechCrunch

AUGUST 19, 2021

Choosing an insurance policy is one of the most complicated financial decisions a person can make. The startup, which says it is the country’s largest direct-to-consumer insurance marketplace, announced today it has raised a $9 million Series A. PasarPolis also partners with Gojek to offer health and accident insurance to drivers.

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TechCrunch

SEPTEMBER 7, 2021

Meanwhile, Marshmallow’s novel, big-data approach and successful traction in the market speak for themselves. Shift Technology raises $220M at a $1B+ valuation to fight insurance fraud with AI. Shift Technology raises $220M at a $1B+ valuation to fight insurance fraud with AI. Marshmallow — a U.K.-based tech world.

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TechCrunch

MARCH 15, 2022

Cybercrime is on the rise, and today an insurance startup that’s built an artificial intelligence-based platform to help manage the risks from that is announcing a big round of funding to meet the opportunity. “Underwriting cyber insurance for SMEs is a more dire prospect than for large enterprises,” he said.

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CIO

DECEMBER 1, 2022

For over 130 years, Hastings Mutual Insurance Company has served and protected its clients throughout the Midwest. In its push to modernize, the regional insurance provider also believed updating its client viewing system to provide a more intuitive, user-friendly experience would benefit its customers and employees alike.

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TechCrunch

SEPTEMBER 16, 2022

Will Ross and William Steenbergen were AI researchers at Stanford working on climate and atmospheric modeling and reinforcement learning, respectively, when they began to collaborate on wildfire modeling and hurricane modeling initiatives for the insurance industry. He pointed to Russia sponsoring cyberattacks on U.S. Image Credits: Federato.

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TechCrunch

DECEMBER 10, 2020

Next Insurance , a startup that competes in the small business (SMB) insurance market, announced this morning that it has acquired its first company. Next Insurance raised $250 million earlier this year at a valuation of $2 billion , making it one of the richest startups to compete in the broad insurtech niche.

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CIO

FEBRUARY 20, 2024

Patient data represents a treasure trove for hackers. Sensitive personal and medical information can be used in multiple ways, from identity theft and insurance fraud to ransomware attacks. It’s little wonder that data theft is increasingly common in the healthcare sector. Take a Security Copilot readiness assessment today.

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TechCrunch

MARCH 9, 2021

Zego , the insurtech that got its start by offering flexible motorbike insurance for gig economy workers but has since expanded with a range of tech-enabled commercial motor insurance products, has raised $150 million. Next up, the insurtech is betting big on offering insurance for fleets.

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N2Growth Blog

OCTOBER 12, 2023

Crafting the Future: The Significance of Selecting the Right Insurance Executive In today’s fast-paced and ever-evolving business environment, securing the right insurance executive is more than a mere hiring decision —it’s a pivotal investment in the company’s future.

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TechCrunch

AUGUST 10, 2021

Working in the world of disability insurance for a decade, Colin Nabity felt not everyone could access this type of insurance due to its nature of it being difficult to understand and underwrite. Disability and critical illness insurance is typically income protection should someone be too sick or hurt to work.

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TechCrunch

FEBRUARY 10, 2022

The company wants to modernize the insurance market. After selling this company to Bloom & Wild, he wanted to fix a pain point that he encountered while building Bloomon — business insurance hasn’t changed much and can slow you down. More recently, it has started embedding its insurance products in other products, such as Bol.com.

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TechCrunch

FEBRUARY 2, 2021

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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TechCrunch

SEPTEMBER 15, 2021

million seed round to further its insurance payments platform that combines financing, collections and payables. While working with insurance companies they recognized how fast the insurance industry was modernizing, yet insurance sellers still struggled with customer experiences due to outdated payments processes.

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TechCrunch

OCTOBER 22, 2020

French startup Alan is building health insurance products. Alan has obtained its own health insurance license and is a proper insurance company. It doesn’t partner with existing insurance companies. The company primarily sells its insurance product to other companies.

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TechCrunch

JULY 8, 2021

Lula , a Miami-based insurance infrastructure startup, announced today it has raised $18 million in a Series A round of funding. Existing backers such as Nextview Ventures and Florida Funders also put money in the round, in addition to a number of insurance and logistics groups such as Flexport.

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TechCrunch

AUGUST 19, 2021

DigiSure, a digital insurance company that caters to modern mobility form factors like peer-to-peer marketplaces, is officially coming out of stealth to announce a $13.1 DigiSure says it goes beyond credit and driving history to give users a more personalized quote, and in the process helps operators lower their own insurance costs.

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TechCrunch

MARCH 25, 2021

Pie Insurance , a startup offering workers’ compensation insurance to small businesses, announced this morning that it has closed on $118 million in a Series C round of funding. Pie began selling its insurance policies in March 2018. We are riding that wave,” said Pie Insurance co-founder and CEO John Swigart. “We

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TechCrunch

FEBRUARY 8, 2021

The New York-based health insurance unicorn has raised well north of $1 billion during its life, making its public debut a critical event for a host of investors. To understand Oscar Health we have to dig a bit into insurance terminology, but it’ll be as painless as we can manage. Total insurance costs: $525.9 million (-8.7%

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TechCrunch

APRIL 19, 2022

Only 21% of the 12 million registered vehicles on Nigerian roads have genuine motor insurance, as the rest either have fake certificates (owners are mostly unaware) or are not covered at all. Etap claim to enable motor vehicle owners to purchase insurance in 90 seconds and complete claims in three minutes. Image Credits: Etap.

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TechCrunch

MAY 25, 2022

Affordability is one of the biggest impediments for insurance penetration in Kenya. The API-powered platform is using technology to disrupt a market that is largely dominated by traditional insurance companies, many of which are reluctant to abandon lengthy paperwork, and traditional payment modalities for both premiums and claims. “We

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TechCrunch

SEPTEMBER 12, 2021

Health insurance is the kind of thing people usually only think about only when they need it. Rey was founded this year by Evan Tanotogono, former head of digital channel at Sequis, one of Indonesia largest insurers, and Bobby Siagian, who held lead engineering roles at companies including Tokopedia and Sea Group.

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TechCrunch

SEPTEMBER 1, 2021

How many of us have not switched insurance carriers because we don’t want to deal with the hassle of comparison shopping? Insurify has built a machine learning-based virtual insurance agent that integrates with more than 100 carriers to digitize — and personalize — the insurance shopping experience. A lot, I’d bet.

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TechCrunch

APRIL 28, 2021

Wunderite builds and sells software designed to help insurance agencies more rapidly process insurance applications, and automate some of their processes. MacDonald previously worked for his family’s insurance business, while Schnare earned insurance experience by working for a large player in the market.

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TechCrunch

MAY 18, 2022

How many people have stuck with the same auto insurance provider because the process of finding a new one feels overwhelming and painful? Trellis says it has built an API platform that lets consumers shop for car insurance policies by offering side-by-side comparisons, a way to buy a new plan and cancel their old plan — all at once.

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