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191

Oscar Health is headed back to New Jersey and branching out to Ohio and Tennessee

by  for Techcrunch

Oscar Health seems to be expanding rather than shrinking in the next year. Despite worries that the Affordable Care Act wasn’t working out for health insurance companies, Oscar has filed to expand in 2018, adding the states of Ohio and Tennessee, expanding in Texas and California and heading back to New Jersey, where it pulled out at the beginning of this year. (more…)

Global trends, Hotnews, Insurance

June 21, 2017

250

How hard is it to build a digital insurer?

By Artjom Kartaschow for his blog

At least 10 teams in Germany are currently trying to build a new fully digital insurer. Among them are for example the startup Ottonova from Munich or the Finleap Venture Element. Other young tech companies secretly work on their ventures. (more…)

Hotnews, Insurance

May 24, 2017

208

Insurtech Report: Hype or the Next Fintech Frontier?

Oliver Wyman is out with a report on the emerging Insurtech sector. Oliver Wyman is a global management consultancy operating in 30 different countries. For this specific report, they partnered with Policen Direkt Group in Germany, an insurance technology firm. (more…)

Hotnews, Insurance

May 18, 2017

251

Next Insurance raises $29 million for online platform that targets small businesses with tailored plans

By Paul Sawers for Venture Beat

Next Insurance, an online insurance platform that targets small to medium-sized businesses, has raised $29 million in a Series A round of funding led by Munich Re/HSB Ventures, Markel, and Nationwide, with participation from other existing investors. (more…)

Deals, Global trends, Hotnews, Insurance

May 4, 2017

254

Online insurance firm Next Insurance raises $29 million

By  for TechEU

Israeli-founded online insurance company Next Insurance has raised $29 million from Munich Re/HSB Ventures with participation from Markel, and Nationwide. (more…)

Deals, Global trends, Hotnews, Insurance

May 4, 2017

273

283

BearingPoint invests in Nordic InsurTech startup Tribe

As part of its Ventures activities, BearingPoint has invested in the Oslo-based start-up Tribe. (more…)

Deals, Global trends, Hotnews, Insurance

April 27, 2017

205

This insurance startup came out of nowhere to raise $50m series A

By Michael Tegos for Tech in Asia

Insurtech firm Singapore Life announced today it has raised a blockbuster US$50 million for its series A round. (more…)

Deals, Insurance

April 27, 2017

240

BIMA SECURES USD16.8 MILLION INVESTMENT FROM AXIATA DIGITAL

BIMA, the InsurTech pioneer bringing microinsurance to underserved families in emerging markets, today announced the close of an investment of USD16.8 million by Axiata Digital, the digital services arm of Axiata Group Berhad (Axiata), one of Asia’s largest telecommunications groups. (more…)

Fintech news, Global trends, Hotnews, Insurance

April 25, 2017

469

Allianz invests in Lemonade

Lemonade, the insurance company powered by artificial intelligence and behavioral economics, today announced a strategic investment by Allianz, the world’s largest insurance company. (more…)

Deals, Hotnews, Insurance

April 21, 2017

294

Insurtech has a growing role in Pakistan, and it can change lives through better financial smarts

ByMuhammad Waqar Asghar for e.27

In Pakistan, insurance is now becoming even more accessible to the market, thanks to the ongoing digital transformation, which can help grow the industry and improve coverage for customers (more…)

Global trends, Influences FinTech, InspirAsia, Insurance

April 13, 2017

310

On-demand insurance platform Trov raises $45 million ahead of U.S. and global expansion

By Paul Sawers for Venture Beat,

Insurance tech startup Trov has closed a $45 million Series D funding round led by HSB Ventures, with participation from Oak HC/FT, Suncorp Group, Guidewire, Anthemis, and Japanese insurance giant Sompo Holdings. (more…)

Hotnews, Insurance

April 7, 2017

389

InsurTech: The future of insurance is in partnerships

2016 was all about InsurTech: cash flowed in, the incumbents sat up and took notice, and a slew of start-ups arrived on the scene to grab the insurance industry by the shoulders and give it a good shake. Now, as the hype subsides, FinTech Futures have launched InsurTech Bytes podcast series, inviting John Egan, strategy practice lead at Anthemis, Dan Smith, Managing Partner at Exponential Ventures, and Jannat Shah, Associate at AXA Strategic Ventures to chew the fat on all things InsurTech: where’s the smart money heading? Why should the big players partner with start-ups? What effect is Brexit having on InsurTech VCs? (more…)

Global trends, Hotnews, Influences FinTech, Insurance

April 5, 2017

564

290

Ping An targets Japan in bid to diversify outside of China

[TOKYO] Ping An Insurance (Group) Co plans to invest US$100 million a year in Japanese companies as it seeks to diversify its investments outside of China. (more…)

Fintech news, Global trends, Hotnews, InspirAsia, Insurance

March 27, 2017

566

InsurTech Industry Has Grown by 25% (As One of the Hottest FinTech Verticals)

By Igor Pesin for LTP

InsurTech is a relatively new industry (more…)

Insurance

March 26, 2017

244

5 insurtech trends to watch in Southeast Asia

By Colin Wu for Tech in Asia,

When you think of insurance, certain things come to mind. The overbearing smell of coffee when meeting your own insurance agent for one, or the ink fumes after filling in the long insurance plans. For better or worse, convoluted insurance plans are a feature in our daily lives. (more…)

InspirAsia, Insurance

March 22, 2017

Fabric raises $2.5 million to simplify life insurance

By  for Venturebeat

Parents’ worry for their children often leads them to what should be a simple decision: life insurance. But the process can be complex and expensive. Fabric wants to change that by providing a straightforward mobile solution that bypasses commission-driven insurance agents. The Brooklyn-based startup launched today and announced a seed round of $2.5 million led by Bessemer Venture Partners. (more…)

Insurance

March 21, 2017

1120

PwC runs blockchain prototype for London insurance market

By Finextra

PwC has created a working blockchain prototype for the London Market Target Operating Model (TOM) Innovation Exchange.  (more…)

Blockchain, Fintech news, Global trends, Insurance

March 3, 2017

665

InsurTech – FinTech’s Next Frontier: Can It Insure a Billion People?

By LTP

According to a global quarterly report by KPMG, last year, USD $24.7 billion was invested in FinTech companies across the globe. India too has witnessed a flurry of venture capital investments, particularly in the areas of SME lending, P2P lending, mobile wallets, payment services and robo-advisory. As a venture capital firm investing in startups “impacting the masses,” we have a deep interest in FinTech companies that can integrate large sections of the population into the formal financial infrastructure by providing more than just access to finance. One such exciting segment is insurance technology (or InsurTech) i.e., leveraging technology to make insurance more affordable and accessible.  (more…)

About, Fintech news, Insurance

March 3, 2017

363

Ethereum-Based Humaniq To Deliver Banking 4.0 to 2 Bln Unbanked

By TheCoinTelegraph

Our London correspondent Nick Ayton caught up with Humaniq founder Alex Fork, who has an ambition to help eliminate poverty by delivering new banking options to emerging markets in Africa, Latin America and parts of Asia so that everyone who needs can get access to financial services. (more…)

Blockchain, Fintech news, Insurance, p2p/online lending

February 23, 2017

312

India Utilizing Citizens’ Biometrics

The Indian government is moving forward with the world’s largest biometric identity database, which will be available for use by tech companies, health care providers and app developers, The Wall Street Journal reported. (more…)

India, Insurance

February 20, 2017

393

Neosurance Raises €230k in Total Pre-Seed Funding

By FinSMEs

Neosurance, a Milan, Italy-based insurtech startup, raised €230k in total pre-seed funding.  (more…)

Fintech news, Insurance

February 16, 2017

423

Kevin the bot uses blockchain to offer insurance for P2P transactions

By Finextra

Madrid-based online reputation startup Traity has launched a chatbot that uses an “open blockchain balance sheet” to provide micro-insurance for people carrying out P2P transactions  (more…)

Blockchain, Bots, Fintech news, Insurance, p2p-payments

February 16, 2017

372

Zenefits went from a $4.5 billion valuation to massive layoffs in less than two years

By Sarah Kessler for Quartz

Two years ago, Zenefits was being called one of the fastest growing startups in Silicon Valley history. It was raising $500 million at a clip, and had a staggering $4.5 billion valuation.

This week, the company laid off 45% of its staff—about 430 people. (more…)

Fintech news, Insurance

February 12, 2017

270

Singapore’s CXA raises $25 million to develop its health-focused insurance brokerage

By  for TechCrunch

CXA, a Singapore-based startup insurance brokerage — if such a thing can exist — has scooped up $25 million to expand its service that provide policies with a focus on wellness across Asia. (more…)

Deals, Fintech news, Insurance, Singapore

February 8, 2017

656

GoBear Malaysia’s Among the First of Fintech Companies in the Sandbox

By Fintech Singapore

GoBear Malaysia works closely with with Bank Negara Malaysia and launches new Insurance products (more…)

Banks, Fintech news, Insurance, Malaysia

February 3, 2017

471

A look into the future: Here are 5 fictitious insurtech startups that might become the real deal by 2025

By Philipp Kristian for e27

2016 was the year of fintech and insurtech in Asia. Over the course of the year, I spent a lot of my time building insurance value propositions in Asia, delving deeply into the potential future of insurtech in this region. (more…)

Analytics, InspirAsia, Insurance

January 31, 2017

320

Insuritas’ Growth Scales with the Popularity of Insurtech

By Finovate

Insurance marketplace solutions company Insuritas released some key growth metrics this week. The Connecticut-based company announced that 2016 marked its third consecutive year of growth. (more…)

Fintech news, Insurance

January 28, 2017

469

Insurtech, Interview with Sam Evans, Founder of Eos Venture Partners

By FinSMEs

According to CB Insights, vc activity related to insurance startups hit its highest annual total in 2016 with $1.69B invested in 173 deals.
In this space, one of the first cases on thematic investors focused exclusively on investing in insurance startups comes from London with Eos Venture Partners, an independent and specialist InsurTech investment and advisory firm launched by Sam Evans.

(more…)

Analytics, Insurance, People of fintech

January 27, 2017