insurance

PayPal backs Indonesian insurance startup Qoala in $47M funding

PayPal Ventures’ latest investment is in an Indonesian startup that provides personal insurance products covering a variety of risks, including accidents, phone screen damage, and ticket cancell

Armilla wants to give companies a warranty for AI

There’s a lot that can go wrong with GenAI — especially third-party GenAI. It makes stuff up. It’s biased and toxic. And it can run afoul of copyright rules. According to a recent su

How a French health insurance unicorn plans to leverage AI to reach profitability

Alan’s meteoric rise in the French tech ecosystem has been both figurative and literal. A few years ago, the startup’s office was limited to one floor in a nondescript office building near the Can

Mr. Cooper hackers stole personal data on 14 million customers

Hackers stole the sensitive personal information of more than 14.6 million Mr. Cooper customers, the mortgage and loan giant has confirmed. In a filing with Maine’s attorney general’s offi

Orus offers business insurance products to restaurant owners and other small companies

French startup Orus has raised an $11.6 million Series A funding round (€11 million). The startup offers insurance products specifically designed for small and medium companies. Interestingly, today

European cyber insurance startup Stoïk raises $10.7 million and expands to Germany

French startup Stoïk offers a cyber insurance product to small and medium companies — a bit like Coalition in the U.S. And things have been working well in France. So the company just announce

Tractable snaps up $65M led by SoftBank for car and property damage appraisals using AI

When it comes to transforming business operations, artificial intelligence holds a lot of promise across many industries. Today, a startup that has been an early mover in the area of applying AI, and

What do FinOps and parametric insurance have in common?

The rise of FinOps already fueled multiple acquisitions, including IBM's plan to acquire Apptio for a whopping $4.6 billion, but there's more to come.

Insurtech bolttech gets $196M at $1.6B valuation from investors like MetLife

Embedded insurtech is still hot, as the $196 million in funding landed by bolttech proves. The company, which started in Singapore but now has operations around the world, said it is now valued at $1.

Wefox secures new funding at $4.5 billion valuation as it aims for profitability

Wefox, the German insurtech startup, has closed a new funding round from existing investors. The funding amount isn’t going to impress anyone, as the company managed to secure $55 million. This coul

Everything you need to know about cloud outage insurance

The usual corollary of risk is insurance against it; but when it comes to cloud downtime, the insurance sector hasn't fully caught up yet. 

Everything you need to know about parametric insurance

Insurtech companies can leverage data in this way to make the process more efficient for both the insurer and the insured.

Construction insurance company Billy raises additional $2.5 million

Billy seeks to digitize and streamline the construction compliance management process.

Insurtech giant Equisoft lands $125M investment, eyes acquisitions

Montreal-based Equisoft, an insurance and investment software developer, today announced that it raised $125 million in venture equity. It’s a large amount made more significant by the fact that

Nigeria’s Curacel raises funding to power insurance offerings and expand into North Africa

As many as 2.8% of Africans are insured, which is less than half the global average of 6.3%, making it the least insured continent in the world. Despite the abysmal number, there’s some good news. A

India’s InsuranceDekho raises $150 million despite market slump

The Indian insurance platform InsuranceDekho has raised $150 million in a Series A funding round as the firm eyes merger and acquisition opportunities at a time when the market slump has engulfed most

Eazy Digital helps Southeast Asia’s small insurers digitize their operations

Founded by two insurance industry veterans, Eazy Digital wants to give small insurance companies in Southeast Asia the same advantage as their larger competitors. Its SaaS platform lets insurers digit

Getsafe expands to France starting with home insurance

German insurtech startup Getsafe is adding a fourth market with today’s product launch. In addition to Germany, Austria and the U.K., Getsafe is now going to offer insurance products in France. The

PasarPolis is now one of Indonesia’s first full-stack insurtechs

Indonesia’s PasarPolis is now able to underwrite its own products, making it one of Indonesia’s first full-stack insurtechs. This means PasarPolis will be able to offer new products and work with

Southeast Asia insurtech Igloo increases its Series B to $46M

Igloo, a Singapore-based insurtech focused on underserved communities in Southeast Asia, announced it has raised a Series B extension of $27 million, bringing the round’s total to $46 million. The f
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