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6 VCs explain why embedded insurance isn’t the only hot opportunity in insurtech

TechCrunch

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+.

Insurance 269
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Pay-per-mile auto insurer Metromile is heading to public markets via SPAC

TechCrunch

Metromile , the pay-per-mile auto insurer that earlier this year laid off a third of its staff due to economic uncertainties caused by COVID-19, is taking the SPAC path to the public markets. Metromile is credited for disrupting some of the inefficiencies of the auto insurance business model, notably how consumers are charged.

Insurance 274
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Insurance IT leaders herald new era for digital customer experience

CIO

The insurance industry is undergoing a sea change, with IT playing a crucial role in rolling out digital customer experiences for policyholders and agents, as in-person meetings all but vanish in the post-pandemic era. IT as industry differentiator Insurers and financial services firms like MassMutual, of Springfield, Mass.,

Insurance 310
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Cowbell raises $100M to build out its AI-based cyber insurance platform for SMBs

TechCrunch

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. .

Insurance 260
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Superscript, a bespoke insurance provider for SMEs, raises $54 million

TechCrunch

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.

Insurance 305
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Sayata adds $35M to Series A for business insurance

TechCrunch

Insurance broker and carrier marketplace Sayata took in $35 million in additional funds toward its Series A after raising $17 million in funds last August. Founded two years ago, the company offers a way for small and medium businesses to secure insurance. Securing business insurance takes a big chunk of a broker’s day.

Insurance 227
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Wunderite raises $3M to build software for indie insurance agencies

TechCrunch

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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