The digital revolution has spawned ‘challenger’ banks that operate entirely online, with no high street presence. That phenomenon has taken off in Europe — particularly the UK — but over in Hong Kong, one of the world’s key financial hubs, the digital-only push is coming to the insurance industry. Bowtie, a Hong Kong-based digital insurer, just […]
View More Bowtie raises $30M to bring the digital insurance model to Hong KongCategory: insurance
Commercial insurtech is like an exclusive club — and Google and Amazon aren’t invited
Commercial insurtech startups have been woefully underfinanced relative to insurtech companies addressing personal lines, distribution and other areas. As a result, commercial insurtech is heavily under-penetrated relative to the broader insurtech movement.
View More Commercial insurtech is like an exclusive club — and Google and Amazon aren’t invitedYC-grad Papa raises $2.4M for its ‘grandkids-on-demand’ service
Alexis Ohanian’s Initialized Capital and Ashton Kutcher’s Sound Ventures participated in the round for the Y Combinator graduate.
View More YC-grad Papa raises $2.4M for its ‘grandkids-on-demand’ serviceCover collects $16M to insure your gadgets, pets… anything
People procrastinate about buying insurance because it’s such a boring and complicated chore to compare policies. But Cover combines plans from 45 insurance companies into a single marketplace so it’s easy to find the best one for your car, home, rental, business, personal property, pets, jewelry and more. Now Cover is building powerful onboarding tricks […]
View More Cover collects $16M to insure your gadgets, pets… anything‘Brotopia’ inspired OODA Health to raise its $40.5M round only from firm’s with female partners
OODA Health, a startup developing technology to make the U.S. healthcare payment system more efficient, has raised $40.5 million in a round led by Oak HC/FT and DFJ.
View More ‘Brotopia’ inspired OODA Health to raise its $40.5M round only from firm’s with female partnersHong Kong-based OneDegree gets $25.5M Series A to make coverage more accessible, starting with pet insurance
OneDegree, a Hong Kong-based insurance technology startup, announced today that it has closed a Series A totaling HKD $200 million (about $25.5 million). Half of that amount was pledged by investors to OneDegree pending regulatory approval through the Hong Kong Insurance Authority’s new fast-track licensing program for online-only insurers. The company, which participated in Cyberport, the […]
View More Hong Kong-based OneDegree gets $25.5M Series A to make coverage more accessible, starting with pet insuranceMunich Re buys IoT middleware startup, relayr, in deal worth $300M
Berlin based Internet of Things (IoT) startup relayr, whose middleware platform is geared towards helping industrial companies unlock data insights from their existing machinery and production line kit by linking Internet connected sensors and edge devices to platform controls, has been acquired by insurance group Munich Re in a deal which values the company at […]
View More Munich Re buys IoT middleware startup, relayr, in deal worth $300MThree Indonesian tech unicorns unite to back digital insurance startup
It’s almost unheard of to see three unicorns join forces to fund a startup, but that’s exactly what has happened in Indonesia. Ride-hailing company Go-Jek, e-commerce firm Tokopedia and travel booking startup Traveloka — each of which is valued in the billions of U.S. dollars — have come together to provide a Series A funding […]
View More Three Indonesian tech unicorns unite to back digital insurance startupCaviar now offers accident and disability insurance for couriers
If you’re a gig economy worker, you’ve probably settled into the reality that insurance and benefits aren’t going to be available to you. Well, not unless on-demand companies make the switch from 1099 independent contractors to W-2 employees. While that’s not changing — yet — Square’s on-demand food delivery service, Caviar, is now offering insurance […]
View More Caviar now offers accident and disability insurance for couriersLeague raises $62M Series B to fix corporate health care benefits
League, an online platform that wants to reduce the strain of managing health benefits for companies and employees alike, announced today that it has raised a $62 million Series B. The round was led by TELUS Ventures, with participation from Wittington Ventures and returning investors OMERS, Infinite Potential Group, RBC Ventures and BDC Ventures. The […]
View More League raises $62M Series B to fix corporate health care benefitsIs insurance a rich enough game to disrupt?
For the last decade, the largest technology companies have increasingly looked outside of tech to grow their operations. Now, companies like Apple and Google and Amazon are eyeing innovation across the insurance landscape.
View More Is insurance a rich enough game to disrupt?Planck Re scores $12M Series A to simplify insurance underwriting with artificial intelligence
Planck Re, a startup that wants to simplify insurance underwriting with artificial intelligence, announced today that it has raised a $12 million Series A. The funding was led by Arbor Ventures, with participation from Viola FinTech and Eight Roads. Co-founder and CEO Elad Tsur tells TechCrunch that the capital will be used to expand Planck […]
View More Planck Re scores $12M Series A to simplify insurance underwriting with artificial intelligence