Playa Vista-based iLife Technologies Inc., a software platform that gives insurance agents and brokers the ability to quickly create their own digital insurance agencies, has received $4 million in seed funding.

SOMPO Holdings, one of Japan’s largest insurers, is investing an additional $45 million in One Concern, Inc., an AI startup focused on building the global resilience market. The money is part of an expanded partnership between the two companies.

This year, insurtech funding rounds are breaking the pandemic gloom by helping to insert these businesses ”successfully into the insurance value chain”, according to data and analytics company GlobalData.

Embroker, a digital broker focused on business insurance, aims to become a full-stack insurance carrier – an expansion of its strategy enabled by $100 million in new venture capital financing.

Insurtech start-up Certificial has completed an oversubscribed $5.8mn Series A funding round with investors including IA Capital, Nationwide, Cofounders Capital, Fin VC and Cameron Ventures.

ELEMENT, the Berlin-based white-label provider of digital insurance solutions, has raised €16 million (US$19.5 million), in additional investment from existing and new investors.

Odie Pet Insurance, a New York-based tech-enabled pet health insurance company, raised $3M in funding.

Trellis Technologies, Inc., a U.S.-based insurtech platform, announced on Thursday it secured $10 million through its Series A funding round, which was led by QED Investors with participation from NYCA Partners and General Catalyst.

A company which uses data and machine learning to detect fraud and increase access to insurance has received £8m of investment from venture capitalists and private investors.

In a recent development, the insurtech startup, Qumata, announced that it has raised $10M (nearly €8.2M) in its Series A round of funding.

Anorak, a fully automated life insurance advice platform, has raised around €5.8 million on its journey to become the most innovative life insurance technology company in Europe.

Following the launch of Nayya’s Use product, the funding will scale team growth and product innovation, helping American workers optimize their health and insurance benefits to save more money throughout the year

Insurtech and cloud-based platform provider Novidea has secured $30m in series B financing to support its accelerated growth.

As per the data from the Pet Food Manufacturers’ Association, during the pandemic crisis – in the UK alone – around 3.2 million households have bought a pet, taking the country’s total number of pets to more than 34 million. This pandemic pet boom has also impacted the pet insurance sector just like boom in sale for retailers like Pets at Home.

Based out of London, Penfold is a digital pension platform managed fully on your mobile phone. Recently, the company has secured £6 million in funding, £3 million of which was from a crowdfunding campaign. The funding round was led by Bridford Investments Limited.

German startup Wefox has raised a $650 million Series C funding round led by Target Global. Following this funding round, the company has reached a post-money valuation of $3 billion. Wefox is a digital insurer focused on personal insurance products, such as household insurance, motor insurance and personal liability insurance.

Corvus Insurance, a leading provider of smart commercial insurance products powered by AI-driven risk data, today announced it has secured extensions to its recent Series C funding, led by venture capital firms FinTLV and Aquiline Technology Growth (ATG).

Insurtech is picking up steam in a big way, but startup Parametrix thinks there is still plenty of room left to innovate. The company, which today announced the close of a $17.5 million funding round, offers insurance policies for companies that rely on third-party cloud providers, e-commerce services, payment gateways and CRM systems.

Evertas, a cryptoasset insurance company, said it has raised nearly $5.8 million in seed funding, which it will use to accelerate product development, increase its insurance capacity and build out its infrastructure.

Breach, a Boston-based insurtech start-up that provides insurance technology and products for the cryptocurrency market, has raised $2.5 million in seed funding in an oversubscribed funding round.

Mile Auto, a telematics-driven auto insurance MGA, is armed with $10.3 million in new funding. The Atlanta-based InsurTech plans to partner with Ford Motor Company and expand efforts to target customers who don’t drive that much.

Waffle, a New York based insurtech start-up, has raised $5 million in a seed funding round led by Verve Ventures, with participation from BetterLabs Ventures and Techstars.

Minneapolis-based insurtech Bright Health Group is officially going public after announcing it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission.

Infrastructure-as-a-Service Leader Unlocks a $700 Billion P&C Insurance Market Opportunity for Companies Across Industries.

Super, an insurtech company that provides subscription care for the home, today announced the closing of $50 million in an oversubscribed Series C round of funding.

Jerry, a mobile-first car ownership app and car insurance comparison system, has raised more than $57 million in funding, including a new $28 million Series B round led by Goodwater Capital.

VisibleRisk, a joint venture between Moody’s Investors Service and VC firm Team8, today announced that it raised $25 million for its cyber risk evaluation platform. The proceeds — which come as VisibleRisk launches a new risk assessment service, Cyber Rating — will be used to expand the company’s workforce well into this year.

Planck has attracted $20 million in additional venture capital cash. The InsurTech startup – centered around an AI-based data platform for commercial insurance – plans to use the investment to expand into Europe, the U.K. and the Asia/Pacific region, and to build out its U.S. team.

Yuanbao raised nearly 1 billion yuan ($144.9 million) in a Series C funding round that was led by Source Code Capital and included Cathay Capital and Hike Capital, per Deal Street Asia.

Capgemini and Efma’s World Insurance Report 2021 finds that insurers need to rethink their distribution models to offer uninterrupted service, superior customer experience (CX), and maximum value, as the industry’s business dynamics continues to evolve.

Digital innovation is taking Asia’s insurtech sector by storm. When looking at the current climate, it remains clear that insurtech is well set to surpass the region’s fintech wave, and with the timely addition of AI technology and increased digital adoption, the experience customers have with insurance is taking on an incredible new form.

Acko General Insurance Ltd. is weighing a new funding round that could value the Indian online insurer at more than $1 billion, according to people familiar with matter.

Kin Insurance, a US insurtech and primary carrier focused on home insurance for catastrophe-exposed areas, has raised $63.9 million in a Series C funding round, according to Crunchbase News.

Ethos, the InsurTech leader that is transforming the life insurance space, today announced it has raised a $200M Series D investment round, boosting its valuation to $2B in just a few years since launch.

Sprout.ai, the insurtech that enables insurance claims to be settled within just 24 hours, today announced that it has raised £8m/$11m in Series A funding.

Sigo, a managing general agency providing underserved populations with affordable access to auto insurance, is leveraging its newly secured funding to further serve the overlooked segment of immigrant and Latinx customers.

Qover, the insurtech hailing from Brussels has raised $25 million in a Series B round that is expected to fuel global expansion efforts.

Brella Insurance, Inc. announced it has raised a $15M Series A funding round led by Brewer Lane Ventures to bring Brella’s modern supplemental health solution to employers nationwide.

A French startup that set out to bring a new approach to driver education and road safety, and then used that foothold to expand into the related area of car insurance, is today announcing a big round of funding to continue building its service across Europe.

Innoveo, a leading provider of enterprise no-code solutions, has announced the completion of its $15 million Series A funding round after a highly successful year in 2020.

French startup Alan has raised a $220 million funding round at a $1.67 billion valuation (€185 million and €1.4 billion respectively). Coatue is leading the round with Dragoneer, Exor, and existing investors Index Ventures, Ribbit Capital and Temasek also participating.

Level, a startup that aims to give companies a more flexible way to offer benefits to employees, has raised $27 million in a Series A funding round led by Khosla Ventures and Lightspeed Venture Partners.

The company’s Penni Connect embedding solution enables insurers to sell products online through partners such as car dealers, travel providers and banks.

Johanna Von Geyr, partner and EMEA lead banking, financial services and insurance at ISG, explores how to modernise the insurance industry with a shared cloud-based IT model

The Zebra, a home and auto insurance comparison website, has raised $150 million in a Series D fundraising round, which valued the company at over $1 billion.

Insurance technology company Fenris raised $2.7 million in new funding. Fenris, a data and analytics company focused on streamlining and modernizing the process of quoting insurance products, will use this funding to meet the growing demand from clients for its API-delivered insights and data, with a strong focus on expanding its sales and marketing resources.

Indian online insurance platform Policybazaar is planning to file a draft prospectus as soon as next month for its Mumbai initial public offering that could raise about $500 million, according to people familiar with the matter.

Bright Health Group Inc., a digital health records platform, is planning an initial public offering in the U.S. this year, according to people with knowledge of the matter.

The new funds for the insight-driven workflow platform for safety and risk management will be used for product innovation, hiring, and accelerated client acquisition and sales, as well as marketing and partnership development.

Salty, a U.S.-based Embedded Insurance technology company, announced on Tuesday it secured over $15 million through its latest investment round, bringing the company’s capital raised to date to more than $31 million.

Next Insurance raised a whopping $250 million in new venture financing – a major cash infusion after a year of acquisitions and other actions to further growth.

“Right now if a fleet has any type of blemish on their record, their rates go up 150 to 200%,” Cardiff says. “That’s untenable. Fleets can’t continue to survive that way, but we as a public still need and demand our goods to be transferred from one place to another…We want to be at the forefront of solving that.”

The new funds will be used to accelerate growth and add new functionality to the company’s claims management platform, as well as to make key hires across engineering and sales teams.

Pie Insurance has pulled in $118 million in new funding, with the workers compensation provider attracting financing from Allianz and others.

Insuretech startup Counterpart, has raised $10 million in funding led by Valor Equity Partners. Also participating was Susa Ventures and Felicis Ventures. Counterpart works in the ‘management liability’ insurance market. Counterpart will also partner with Markel Specialty, a specialty insurance division of Markel Corporation, to offer its management liability insurance products.

The Germany-based insurtech is expected to close the massive funding round next month to hit a $2 billion valuation, per Sky News.

The Berlin-based startup has recently hired Goldman Sachs as it tries to close out a Series C.

Asteya’s vision is to reimagine disability insurance, starting with flexible support and plans for individuals like gig economy workers

Gravie, the pioneer of defined contribution healthcare, today announced that they have raised $28 million in a Series D round of financing led by AXA Venture Partners (AVP), with participation from existing investors FirstMark Capital, Split Rock Ventures and Revelation Partners.

The investment in PasarPolis is the first IFC has made in the insurtech sector in Indonesia, where insurance penetration rate remains low

Cyber insurance startup Coalition Inc on Wednesday said it raised $175 million in its latest round of funding, which valued the company at $1.75 billion as the need for protection against hacks, ransomware and data theft has surged with remote work during the pandemic.

PolicyBazaar India has raised $75 million (AED275 million) for its UAE and Middle East expansion plans

DeepSee.ai, a knowledge processing InsurTech, said it has raised $22.6 million in new financing, money that will help expand its initial client base beyond capital markets and insurance verticals.

The investment was led by Prelude, the early-stage practice of Mercato Partners, with participation from Heffernan Insurance Brokers and other experienced industry veterans.

Hi Marley, creators of the only intelligent communication platform built for the insurance industry by people who know insurance, announced the company has closed a $25 million Series B financing round. The investment was led by Emergence Capital, with Founder and General Partner Gordon Ritter taking a seat on Hi Marley’s Board. Returning firms Underscore, True Ventures, Bain Capital Ventures and Greenspring also participated in the round, along with additional investors including Brewer Lane Ventures.

Some serious money has been sent the way of various insurance startups over the past week. Investors backed cutting-edge commercial lines and cyber insurance products as well as advances in texting communications, producer management and licensing compliance, and digital risk management for financial institutions.

Germany-based digital insurer Getsafe GmbH is aiming to raise an additional €50 million to €75 million in funding as part of its journey toward underwriting risks on its own balance sheet, according to CFO Daniel Treiber.

Gross Written Premium run-rate growth of 1595% over past 6 months driven by an appointed network of 4500 agents and brokers using Cowbell Platform

According to various industry reports, the Indian insurance sector is valued at a massive $280 billion, but its contribution to the country’s GDP remains abysmally low at 4%. The sector is still waiting for a disruption, even as a host of startups are leveraging technology to resolve issues like claim rejections, frauds and miss-selling.

Specialist insurer ERS DGB Limited has secured $350 million in a new capital raise led by private equity firms Abry Partners and Aquiline Capital Partners.

Corvus’ funding highlights how old markets are being disrupted with upstarts using AI and data science to grow in key markets like cyber insurance.

Turtlemint is the latest Indian insurance tech startup space to bag funding from foreign investors after insurance FDI rules were relaxed last month

The funding round was led by Omidyar Network India. The startup also bagged investment from VC fund Pentathlon Ventures and DMI Sparkle Fund.

Valuation grows by 10x as carriers, agencies, and MGAs turn to AgentSync for broker onboarding, licensing, and compliance

Insurance agents spend hours handling paperwork and grabbing client information over the phone. A new seed-stage startup, InsurGrid, has developed a software solution to help ease the process, and make it easier for agents to serve existing clients — and secure new ones.

Hepster, an insurtech platform from Germany, has raised $10 million in a Series A funding led by Element Ventures. Also participating was Seventure Partners, MBMV, and GPS Ventures, as well as previous investors.

A technology-enabled insurance firm in Alpharetta raised $3.5 million, according to a March 3 U.S. Securities and Exchange Commission filing.

Hippo Enterprises Inc., a home-insurance startup, agreed to go public through a merger with Reinvent Technology Partners Z, a special purpose acquisition company that counts Zynga Inc. founder Mark Pincus and LinkedIn co-founder Reid Hoffman as its lead directors.

Symbo’s technology platform is used by individual agents, third-party administrators, brokers and corporates across India and Southeast Asia to distribute, purchase and administer a wide range of insurance products spanning life and general insurance.

Oscar Health Inc., a health insurance startup backed by Google parent Alphabet Inc., sold shares in its initial public offering (IPO) on Tuesday at $39 apiece, above its target range, to raise $1.2 billion.

A company best known for insuring people’s teeth is getting an investment from a company better known for insuring homes and cars.

Circulo, a U.S.-based insurtech, recently announced it secured $50 million through its Series A funding round, which was co-led by Drive Capital and General Catalyst.

TypTap Insurance Group, Inc., is pleased to announce that a fund affiliated with Centerbridge Partners, L.P. has invested $100 million in the company. The investment, representing about 11.75% of TypTap, implies a post-money valuation for TypTap of approximately $850 million.

Farmers Edge Inc. raised about C$125 million ($100 million) in its Canadian initial public offering after selling shares at the top end of its marketed range, according to people familiar with the transaction.

Reinsurer Munich Re has agreed to back the launch of a new insurtech firm created by specialist private capital provider Sun Capital Partners and former Aviva CEO Mark Wilson.

On the heels of a year that saw a record amount of venture cash flow into healthcare startups, investor appetite for healthtech does not appear to be waning.

Devoted Health, a startup that sells health insurance to seniors, quietly raised $380 million last year, three people familiar with the matter told Insider. The round, led by Uprising, closed in July 2020, two people close to the company said. The sources were not authorized to speak on the record.

French insurtech startup paves a path to automation and innovation for insurers.

Koffie Labs (Koffie), an insurtech focused on reinventing the trucking and transportation markets, today announced it has raised $4.5m in venture financing.

My Policy, a leading UK provider of data analytics and telematics insurance, announces today an investment by Zurich Group, as part of which Zurich will become a long-term insurance capacity provider, joining an existing panel of insurers to enable rapid growth of My Policy’s recently launched usage-based insurance (“UBI”) product, JURNY.

Funds raised will help startup access new markets, finetune software that helps banks and insurers offer clients personalized pricing and products

A blank-check firm, backed by AmTrust Financial Services Inc. CEO Barry Zyskind, is looking to raise $300 million through an initial public offering, a regulatory filing showed on Friday.

Just five months after raising $250 million at a $2 billion valuation, Israeli insurtech company Next Insurance is working on another funding round, this time at a valuation of $4 billion, a person familiar with the move told Calcalist under the condition of anonymity

Leading online InsurTech company Waterdrop Inc. is reported to be in full preparation for a U.S. initial public offering (IPO) in the next quarter. According to Jiemian News, this development follows a recent valuation of the company at a total worth of tens of billions of dollars, citing people familiar with the matter.

Eden Health, a primary care and insurance navigation company for employers, announced that it has raised $60 million in Series C funding

Berkshire disclosed a new $499 million stake in the professional services company Marsh & McLennan Cos.

Thailand-based insurtech platform AppMan announced it has raised US$4.6 million in its series A funding round from Siam Alpha Equity’s SME Growing Together 1 fund, Krungsri Finnovate, Casmatt, KTBST, and Poems Ventures, the venture arm of PhillipCapital Group.

Leading workers’ comp billing platform allows insurance providers to build a best-in-class solution for their policyholders

Pawlicy Advisor, the leading pet insurance marketplace, announced today it has raised a $6.5 million Series A funding round led by Rho Capital Partners and existing investor Defy Partners. The round also included significant investment from Slow Ventures. This brings the company’s total funds raised to $8 million to date.

Livelii, Canada’s first community-based platform that intersects Insurtech and Fintech to provide affordable Health Insurance and critical Financial tools to Independent workers is listing a securities offering via the online crowdfunding platform, FrontFundr.

The Israeli founded insurtech company is in negotiations with SPAC Reinvent Technology Partners, that includes Zynga Inc. founder Mark Pincus and LinkedIn co-founder Reid Hoffman as its lead directors.

IIR spoke with Preston on what the public debut means for the pay-per-mile auto insurance pioneer and now technology supplier to other insurance carriers.

Talem Health Analytics has revealed that it has closed a $2.3 million seed round, which the insurtech hopes to use to accelerate the launch of its AI platform to the auto insurance industry.

UK insurer Prudential has created a new senior leadership team for its US business, Jackson Financial, ahead of Jackson’s planned separation from the Group.

SmartHop announced today that it raised $12 million in a Series A round, bringing the company’s total funding to date to $16.5 million. The round was led by Union Square Ventures, whose past investments include Stripe, Twitter, Coinbase, Etsy, MeetUp, SkillShare and Duolingo, among others.

Additional funding will be deployed into select startups whose solutions, technology, and capabilities can benefit Nationwide customers.

WeSure Global Tech, the parent company of digital insurance company WeSure, has published a prospectus for an Initial Public Offering (IPO) on the Tel Aviv Stock Exchange (TASE). The company plans selling a 20% stake for NIS 100 million (or £22 Million) at a company valuation of NIS 500 million(or £110 Million), after money.

Toronto-based insurtech Briza has raised a $10.2 million CAD ($8 million USD) Series A round as the startup aims to meet significant demand for its insurance carrier integrations.

The pay-per-mile pioneer completed its business combination with INSU Acquisition Corp. II, a publicly traded special purpose acquisition company sponsored by Cohen & Company, LLC.

Marble, the first digital wallet and loyalty platform for insurance, today announced $2.5 million in seed round funding.

Gentem Health Inc., a Silicon Valley-startup focused on helping private practices thrive financially, has raised a $10 million Series A financing round, bringing total investment to $13.7 million.

Ushur, the no-code intelligent automation company, today announced a $5M addition to its over-subscribed $25M Series B funding in November 2020. Aflac Ventures and Iron Pillar participated in the round. This brings the total amount of the Series B to $30M, and Ushur’s cumulative funding to $41.5M.

Phable, a three-year-old health tech startup that is serving patients with chronic illnesses in India, has raised $12 million in a new financing round as it looks to scale in the world’s second most populated nation.

Hippo, an insurance technology startup, is in talks to go public through a merger with a special purpose acquisition company, according to people with knowledge of the matter.

Coterie pulled in $11.5 million in new venture funding it will use to fuel further expansion of its business, which is designed to integrate insurance purchasing into existing small businesses processes.

Oscar Health, a health insurance start-up backed by Google parent Alphabet Inc, filed for an initial public offering on Friday, looking to cash in on the surge in demand for digital health services during the COVID-19 pandemic.

Eusoh is a radical new model that offers customers the same protection as best in class insurance products, but at a game changing price discount that is sustainable. This will have a significant impact on many lines of insurance.

CCC Information Services said on Wednesday it was going public through a merger with blank-check firm Dragoneer Growth Opportunities Corp, in a deal that valued the data and technology provider to auto and insurance firms at about $7 billion.

LeaseLock, the world’s leading insurtech platform for real estate, today announced the closing of a $52 million Series B financing that will expand its industry-leading lease insurance product into the first AI-powered financial technology platform for enterprise real estate. LeaseLock has insured $1 billion in leases to-date, across the nation’s largest multifamily operators and preeminent asset owners.

TrustLayer, the collaborative risk management platform, today announced it has completed a $6.6 million seed round of financing. Abstract Ventures led the round with participation from Propel Venture Partners, NFP Ventures, BoxGroup, and Precursor Ventures. The round was heavily oversubscribed, a reflection of the strength of TrustLayer’s current compliance software and its success in developing a digital proof of insurance solution.

Global insurtech funding reached $7.12 billion across 377 deals, the most in any year to date, per Willis Towers Watson (WTS).

Metromile has attracted $50 million in new investment from a former Uber executive even as it has obtained regulatory approval to formalize a reverse merger deal that will make it a publicly-traded company.

FinTLV, a Tel Aviv-based fund that specializes in FinTech and InsurTech companies in their “growth stage” phases, announced in a press release that it has closed a new $120 million fund, FinTLV II.

Global insurtech investment reached a record $7.1 billion in 2020 despite substantial challenges to the re/insurance sector, according to a new report by Willis Towers Watson.

Muang Thai Broker, the operator of online insurance comparison firm Gettgo, has raised US$6.7 million from parent company Muang Thai Group Holding as it aims to reach US$33.3 million in insurance premiums in the next three years.

Berlin-based insurtech startup INZMO has closed a €3.1 million seed round led by Change Ventures. Swiss insurance company Helvetia, an existing backer from the pre-seed round in 2018, also participated.

A London start-up pioneering a digital-first proposition to the B2B insurance sector has raised £1.2 million pre-seed funding.

Security deposit insurance pioneer set to significantly expand operations to reach its goal of saving renters $500 million in 2021

Company aims to eliminate $1 trillion in healthcare waste annually by bringing transparency and consumer behavior to opaque US healthcare market

Insurance SaaS software provider Insly has secured a seed extension of 1.3M EUR from existing VCs Concentric and Uniqa Ventures, with participation from The British Business Bank’s Future Fund Scheme. Combined with solid results for 2020 – €72K in profits and €3.4M in revenues – this will pave the way for scaling up the business in 2021.

Pula, a Kenyan insurtech startup that specialises in digital and agricultural insurance to derisk millions of smallholder farmers across Africa, has closed a Series A investment of $6 million.

HSBC Holdings Plc and Malayan Banking Bhd.’s insurance venture are among shortlisted bidders for AXA SA’s business in Singapore, which could raise about $700 million in a sale, according to people familiar with the matter.

Aviva announced it is expanding its investments in fintech and insurtech through a collaboration with venture capital firm Anthemis. The aim is to “transform its customer experience through innovation.”

NY-based insurance platform for parametric products Arbol announced that it has raised ~$7 million in a Series A round that included Finch Finance, Space Capital, and Mubadala Capital-Ventures.

The funding round was led by XBTO, alongside other top investors across insurance, capital markets and crypto such as Coinbase Ventures, Maven11, the founders of Synthetix and Insurtech Gateway, who co-founded the project with CEO, Dan Roberts, from day one.

Insurtech startup Leocare, which offers a ‘modern’ way to get homes, cars, motorbikes and smartphones insured, is raising €15 million from Felix Capital, Ventech and Daphni to fuel its growth.

Paris-based neo-insurer Lovys has announced that it has secured €17 million in Series A funding from Heartcore, NewAlpha, Raise Ventures and prior backers Maif Avenir, Portugal Ventures and Bpifrance.

Global specialty insurer and reinsurer, Canopius Group, is reportedly in discussions about a potential public offering that could value the Lloyd’s of London player at over £2 billion (USD 2.7bn), according to Sky News.

Indian insurtech firm Digit Insurance announced it has raised 135 crore rupees (US$18.5 million) from existing investors, bringing its valuation to US$1.9 billion and achieving unicorn status.

Commercial re/insurer Convex Group Ltd has ramped up its total committed capital to $3.2 billion after a $500 million investment from US investment firm Sixth Street.

New York-based insurance benefits experience and management platform Nayya announced that it has closed $11 million in Series A.

International brokerage Howden Group Holdings has completed its first underwriting capital investment, with an $84 million investment in support of DUAL Group’s reinsurance arm, Tamesis DUAL Ltd.

Loop Insurance, a B-Corp auto insurance MGA that leverages AI, big data, and telematics to create more ‘fairly’ priced insurance products, announced it has closed a $3.25 million seed round.

SUNZ Insurance announced that funds managed by Blackstone Tactical Opportunities (“ Blackstone“) have acquired a significant stake in the company to help fuel SUNZ’s continued expansion. Terms of the transaction were not disclosed.

LifeRaft, an Oakland, Calif.-based insurtech company that offers supplemental health insurance products, came out of stealth mode and raised $3.5m in seed funding.

New York-based health insurtech Oscar bagged $140 million in its latest funding round—trailing its $225 million haul just five months ago. For context, Oscar offers health insurance plans in 18 states and 286 counties across the US, which include individual, family, small group, and Medicare Advantage offerings.

Closes Series B Only Six Months Following Series A Round, a Testament to Openly’s Rapid Customer Adoption and Dedication to Empowering Independent Agents through Technology.

B3i Services AG has recently completed the first closing of its Series B funding round. In addition to further investments from existing shareholders, Türk Reasürans has become the latest investor in B3i. This continues to expand B3i’s global footprint to include 21 insurers and reinsurers from five continents with offices in over 100 countries.

The Insurtech M&A Market Report from international technology mergers and acquisitions advisors, Hampleton Partners, forecasts a record 95 or more M&A deals in 2020, with 48 already banked in the first half of the year. Volume has more than doubled since the year 2013, which saw 46 insurtech transactions.

Life insurance startup Bestow brought in its second investment in 2020, this time a $70 million Series C funding round.

A technology that makes selling vehicle insurance policies and solving claims more effective has been funded by angel investors from Estonian unicorns and a customer.

Travel and fintech startup Battleface has won the backing of Drive Capital in a Series A round to the tune of $12 million.

Backed by Elefund, Fremont Group, Human Capital, and other investors, the Embedded Insurance® technology company is expanding its platform.

Getsafe, the digital-first insurance startup that initially launched with an app for home contents insurance, has closed $30 million in Series B funding.

Berlin-slash-Tokyo-based cross-selling insurance platform simplesurance has raised a €15 million convertible loan from Allianz X, a current investor in the company.

French insurtech company Luko has raised €50 million in Series B funding led by EQT Ventures. Existing investors Accel, Founders Fund and Speedinvest also participated in the round, alongside angels with insurance and technology backgrounds, including Assaf Wand, the CEO and co-founder of US unicorn Hippo Insurance.

Artivatic.ai, an asset-light insurtech and healthtech startup, has raised bridge funding led by Scale Ventures and existing investor IAN. The funding proceeds will be utilized by the startup for research and development by investing in cutting-edge technology solutions, especially aimed at scaling sales and delivery.

Asistensi receives the support of Mundi Ventures and Mountain Nazca to accelerate its international expansion.

Matic, a leading digital insurance agency, announced today the close of a $24 million funding round led by IA Capital.

Insurtech Metromile announced Tuesday that it is the latest fintech to go public via a SPAC (special purpose acquisition company) at a valuation of $1.3 billion.

Spanish insurtech start-up Bdeo, the leading firm of its kind in Spain and Latin America, is in the process of launching and building a team in the UK following a €5m raise

Pier, leader in full-stack insurance in Latin America, has recently received a US$ 14.5 million Series A investment led by monashees — pioneer venture capital fund in Latin America, leader in unicorn creation — and with the participation of Canary, Mercado Livre and BTG Pactual

Hippo Insurance, the well-known insurtech that offers homeowners insurance, has raised fresh capital as it weighs going public next year

On a mission to revolutionise corporate health insurance, Indian employee insurance provider Plum has announced fundraising of $4.1 million, led by Sequoia Capital India’s Surge and Tanglin Venture Partners

Hippo Enterprises announced a capital investment of $350 million from Mitsui Sumitomo Insurance Company, Limited, a subsidiary of MS&AD Insurance Group Holdings, Inc.

NY-based cloud-based platform for managing the entire insurance distribution lifecycle, Novidea, has announced the successful completion of $15 million in Series B financing

Metromile is revolutionizing the fragmented $250+ billion U.S. personal auto insurance market with real-time digital auto insurance personalized for low-mileage drivers. About two-thirds of U.S. drivers are considered low-mileage and could be overpaying for auto insurance because they do not pay per mile

Tencent Holdings Ltd. is investing about $150 million in Waterdrop Inc. to bankroll the Chinese startup’s expansion in health-care crowdfunding, according to people familiar with the matter

“We are committed to maintaining our strong position of financial stability and flexibility, while continuing to allocate capital to the highest ROIC (return on invested capital) opportunities.”

Mumbai-based online insurtech startup Turtlemint has raised $30 Mn in Series D funding round led by GGV Capital, American Family Ventures, MassMutual Ventures and SIG

The company currently partners with Aetna, Cigna, United, Oxford, and Oscar

Turaco, a Kenya-based micro-insurtech startup has secured $2-million in series seed equity investment from Novastar Ventures, Mercy Corps Ventures, Musha Ventures, GAN Ventures, Zephyr Acron, and several angel investors.

Buoy Health, a startup that makes a widely used Covid-19 symptom checker, has raised $37 million from investors including the venture arms of major insurers Cigna Holding Co., Humana Inc. and UnitedHealth Group.

Denver-based Highwing, an insurance technology company born out of IMA Financial Group to help commercial insurance brokers and carriers accelerate workflows through its open data platform, announced that it has closed a $4M fundraising round.

Based in Hong Kong, Coherent helps insurance providers go digital. With their services more relevant than ever during the COVID-19 pandemic, the startup announced it has raised $14 million in new funding. The Series A round, led by Cathay Innovation with participation from Franklin Templeton, will be used to grow Coherent’s client base in Asia, including insurers who want to add more digital services to their usual sales processes because of the pandemic.

Laka, a collective-based insurer of cyclists, has today publicly launched its funding round with Seedrs and already smashed the £1million target as people recognise the pandemic’s effect on altering people’s mobility plans.

Insurer American International Group Inc., which plans to separate its life and retirement business from the rest of the company, said on Friday it was considering options for the business, including an initial public offering or a stake sale of nearly 20%.

AI leader Ushur today announced $25M in Series B funding, fueled by a rapidly modernizing insurance industry and a growing demand for self-service customer experiences.

Global insurer and reinsurer AXA has confirmed that it will provide a capital injection of potentially €1 billion to its AXA XL unit to shore

When it comes to using algorithms and other formulae to determine what kinds of services you might offer to specific customers and at what price,

Through a round led by Cathay Innovation, the firm seeks to enable the digital transformation of the enterprise in insurance, financial services and other industries.

The Series C funding will be used to accelerate innovation by giving consumers a cutting-edge means of sharing health data with the enterprises and researchers

The investment round will be used to recruit top-tier talent and aggressively expand Assurely’s technology infrastructure and to bring more products to market rapidly. Assurely,

San Francisco-based renters insurance MGA Goodcover has raised $7.5 million in Series A financing led by Goodwater Capital, with participation from Fuel Capital, Broadhaven Ventures,

Superscript, the business insurance challenger, has announced a new £8.5 million fundraise, led by existing investor, BHL Holdings, alongside investment from the Government’s Future Fund,

Re/insurance broker Willis Towers Watson (WTW) has reported that insurtech firms raised a total of $2.5 billion across 104 deals during the third quarter of

Brooklyn-based life insurance provider Fabric Technologies  announced it has raised $18 million in Series B funding, led by CNO Financial Group. The funding round was

Automobile insurance startup Root Inc sold shares in its initial public offering (IPO) on Tuesday at $27 apiece, above its target range, to raise $724.4

Insurtech firm Cover Genius has teamed up with Intuit to offer a new parametric earthquake policy, which is backed by capacity from Swiss Re and

The funding will be used to enhance the company’s scalable CohereNext platform that is built on next-generation cloud and data technologies and provides interoperability to

An entrepreneur who started health benefits company Definity Health and sold it to UnitedHealth Group for $300 million is looking to shake up the health

San Francisco-based commercial insurance broker Newfront Insurance announced it has raised over $100 million, valuing the company at $500 million. The company’s lead investors are

Automobile insurance startup Root Inc said on Tuesday it plans to raise as much as $604.1 million in its initial public offering on the Nasdaq,

China Ping An Insurance Overseas Holdings, the main offshore investment and asset management platform of Ping An, together with its subsidiaries, have announced the successful

After rumors swirled late last week that Telefonica was negotiating over a potential investment to build a fiber optic network for under-supplied areas of Germany,

Matic Insurance announced the close of a $24 million funding round led by IA Capital Group. Founded in 2014 and a team of ~134, Matic

Now valued at $2 billion, Unqork will use the new investment to grow its salesforce, invest in its technology, and expand training for its partnerships

Insurance tech company Cover Genius has scored $15 million in fresh funding from King River Capital and Leap Capital as it looks to win more

Home services and insurance start-up Hometree has raised £7 million in a funding round that will help it capitalise on a spike in demand amid

Root, Inc., the parent company of Root Insurance Company, announced that it publicly filed a registration statement on Form S-1 with the U.S. Securities and

Australian insurtech startup Integrity Life has announced a $43 million series B round of funding, raised before and during the COVID-19 pandemic. The majority of