Sent on September 29, 2021

Newsletter ITN

News

Fintech Singapore

Insurance Firms Losing Ground to Insurtechs as Funding Reaches All Time High

September 28, 2021

Despite rising coverage demand brought about by the global pandemic, customers are being left rather unsatisfied with the convenience, advice and reach offered by their existing insurance providers, creating opportunities...

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Cover Genius

COVER GENIUS SECURES $70M USD ($100M AUD) IN SERIES C ROUND DRIVEN BY SOMPO HOLDINGS ASIA TO EXPAND ITS EMBEDDED INSURANCE PLATFORM

September 28, 2021

Cover Genius, the leading insurtech for embedded insurance, announced today that it has secured $100M AUD in a Series C funding round led by Sompo Holdings (Asia) Pte. Ltd (Sompo...

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crowdfundinsider

Zurich Insurance Group Teams Up with Toronto’s Insurtech BOXX Insurance

September 27, 2021

Zurich Insurance Group recently entered an international partnership with Toronto-headquartered Insurtech firm BOXX Insurance (BOXX), which offers integrated cybersecurity and insurance services to SMEs, individual consumers and families. As noted by its...

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ajot.com

Redkik, a Finnish-American Insurtech start-up announces a new global partnership with international logistic provider MeisterPrep

September 27, 2021

Redkik, a global Insurtech with a mission to simplify and improve the marine cargo insurance industry, announced today a new global partnership with international logistic provider MeisterPrep that aims to...

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dig-in.com

Half of insurance customers are willing to consider insurtechs

September 24, 2021

Insurtechs have secured more access to capital allocation from investors in the last few years and by the end of 2020, the total market cap of listed insurtechs surpassed $22...

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propertycasualty360

Insurtech in 2021: A journey of reinvention

September 24, 2021

The pandemic has had a dramatic impact on the insurance industry, with 99% of insurance executives reporting that it created an unprecedented stress test for their organizations, according to Accenture research....

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crowdfundinsider

GCash Introduces Online Shopping Protection with Southeast Asian Insurtech Firm Igloo

September 23, 2021

Philippines’ digital wallet provider GCash has introduced an online shopping insurance option – underwritten by PGA Sompo – with Singapore-based Insurtech Igloo, in order to protect its growing online client base. As mentioned in a...

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reinsurancene

Plug and Play adds MGA insurtech Stere.io to Winter 2021 Cohort

September 23, 2021

Digital managing general agent-focused Stere.io has been selected by Plug and Play as one of more than 150 startups to join the innovation accelerator’s Winter 2021 class. Stere launched in...

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Insurance Business America

Embedded insurance: The trend that people are “constantly talking about”

September 22, 2021

Over two-thirds (67%) of Canadian digital bank customers reported being highly interested in receiving embedded insurance offers based on their transaction data, as would 57% of traditional bank customers, according...

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reinsurancene

Porch bolsters insurtech, home warranty presence with new acquisitions

September 22, 2021

Software company Porch Group has announced the acquisitions of CSE Insurance and American Home Protect (AHP), as it looks to accelerate its insurtech ambitions and enter the home warranty market....

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Insurance Business Asia

Insurtech bolttech secures additional series A funding

September 22, 2021

Insurance technology unicorn bolttech has upped the total value of its series A funding round from US$180 million to US$210 million. The round, which was led by Activant Capital Group,...

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insurancejournal

Swiss Re Partners with Insurtech Claim Genius for Efficient Motor Claims Using AI

September 22, 2021

Swiss Re is partnering with Claim Genius, an insurtech that provides artificial intelligence (AI) insurance claims solutions, to enhance motor claims efficiencies with real-time damage assessment and estimation. “Swiss Re...

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