Insurance
Category
Oscar Health is headed back to New Jersey and branching out to Ohio and Tennessee
by Sarah Buhr 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…)
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…)
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…)
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…)
Online insurance firm Next Insurance raises $29 million
By Jonathan Keane 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…)
Insurtech Startup Singapore Life Raises $50M in Series A Funding
Insurtech startup Singapore Life raised $50m in Series A funding. (more…)
BearingPoint invests in Nordic InsurTech startup Tribe
As part of its Ventures activities, BearingPoint has invested in the Oslo-based start-up Tribe. (more…)
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…)
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…)
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…)
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…)
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…)
AI and insurance: Exchanging privacy for a cheaper rate
Ping An targets Japan in bid to diversify outside of China
5 insurtech trends to watch in Southeast 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…)
Fabric raises $2.5 million to simplify life insurance
By BÉRÉNICE MAGISTRETTI 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…)
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…)
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…)
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…)
India Utilizing Citizens’ Biometrics
By
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…)
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…)
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…)
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…)
Singapore’s CXA raises $25 million to develop its health-focused insurance brokerage
By Jon Russell 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…)
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…)
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…)
