insurtech

Bangalore-based Pazcare, an employee benefits and insurtech platform, raises $8.2M

Pazcare, a Bangalore-based employee benefits and insurtech platform, announced today it has raised $8.2 million led by Jafco Asia, bringing its valuation to $48 million. The funding also included part

Sana, which offers health insurance plans to SMBs, raises $60M and doubles valuation since October

Small and medium-sized businesses (SMBs) have for decades struggled with being able to offer their employees health insurance. Sana, a startup that wants to make offering health insurance plans more a

Branch snags $147M at a $1.05B valuation, showing that thorny insurtech market not impervious to growth

Branch, a startup offering bundled home and auto insurance, has raised $147 million in Series C funding at a postmoney valuation of $1.05 billion. Weatherford Capital, a family-owned private investmen

Insurtech Policygenius cuts 25% of staff, less than 3 months after raising $125M

Policygenius, an insurtech that raised $125 million in a Series E round less than three months ago, has reportedly laid off about 25% of its staff. The number of employees affected is not confirmed bu

Viola Credit closes $700M fund to provide asset-based lending to fintech startups

Fintech startup and alternative credit asset manager Viola Credit has closed its latest $700 million fund, which provides asset-based lending capital to fintech, proptech and insurtech startups. If t

Kenya’s MotiSure rides on micro-payments to drive personal mobility insurance growth

Affordability is one of the biggest impediments for insurance penetration in Kenya. Often, policy holders are required to make one-off payments for long-term covers, and the quoted sums are usually be

North American and European insurtechs are recalibrating after a blockbuster 2021

Let’s explore insurtech activity in both North America and Europe, compare recent results and look ahead to what could be coming.

Amex Ventures bets $5M on Trellis, which wants to make switching insurance providers easier

How many people have stuck with the same auto insurance provider because the process of finding a new one feels overwhelming and painful? A lot. It’s no surprise then that a number of startups have

Sensible Weather is building an ‘oh no, it’s raining while I’m on holiday’ insurance product

You save for months to be able to go on a fun holiday, and then you spend nine days stuck in your Airbnb hoping the little umbrella on your drink will help against the rain falling from the heavens. S

Alan raises another $193 million for its medical one-stop shop startup

French startup Alan has raised a new €183 million funding round ($193 million at today’s exchange rate). The company sells its own health insurance products and has expanded to other medical produ

Getlife wants to democratize life insurance in Europe

Japanese insurance company Tokio Marine launches CVC fund to back early-stage startups 

Tokio Marine, a Tokyo-headquartered insurance corporation, said Tuesday it has launched its $42 million corporate venture capital (CVC) fund, dubbed Tokio Marine Future Fund, to invest in early-stage

Nigeria’s Etap gets $1.5M pre-seed to make buying car insurance easier

Only 21% of the 12 million registered vehicles on Nigerian roads have genuine motor insurance, as the rest either have fake certificates (owners are mostly unaware) or are not covered at all. This rep

EvolutionIQ secures $21M to streamline insurance claims processing with AI

Processing claims at scale presents a challenge for insurers, particularly where the claims entail factors like complex underlying health conditions. According to data from the National Association of

What Glossier got wrong

The fundamental disconnect: Software-enabled businesses don’t necessarily monetize the same way that software businesses do.

International startups shrug off US insurtech meltdown

The latest Y Combinator cohort featured a number of insurance-focused technology companies, and some of them want to actually write policies.

Live near an ocean? Kin Insurance’s data aims to more accurately predict home risk

By using data and technology to accurately price the risk, Kin Insurance is able to remove some of the costs of traditional insurance firms, like agents.

Insify is modernizing insurance, but this time for SMEs

Meet Insify, an insurtech startup that raised a $17 million (€15 million) Series A round led by Accel. The company wants to modernize the insurance market. Instead of focusing on the consumer market

Alan offers its insurance stack to smaller health insurance companies

French startup Alan currently insures more than 270,000 people with its own health insurance contracts. The company is expanding its business in two different ways — it wants to offer more services

Which insurtech startups are set to thrive?

Which insurtech startups are set to thrive? And could we see the market find space for neoinsurance companies still private to not fall into the same trap as their public predecessors?
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