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Tokio Marine Asia partners on insurtech investing with Arbor Ventures

12th August 2022

Tokio Marine Asia has announced a strategic partnership with Arbor Ventures, a leading global Fintech/InsurTech-focused venture capital (VC) firm headquartered in Singapore. The partnership marks Tokio Marine’s commitment to accelerating the digital transformation of the global insurance industry. The union was established through Tokio Marine’s Innovation Lab in Singapore. In April 2022, ... Read the full article

Convex makes “strategic investment” in insurtech Quotech

4th August 2022

Specialty insurance and reinsurance company, Convex Group Limited, has made a “strategic investment” and acquired a 7.7% share in Quotech, an underwriter-led insurtech. Quotech has raised one million pounds from a number of angel investors and Convex, who has become the lead investor. Proceeds from the funding round will be used to ... Read the full article

Insurtech investments up to $2.4 billion in Q2 2022, says Gallagher Re

4th August 2022

Investment in the insurtech space in the second-quarter of 2022 increased by 8.3% from the opening quarter of the year to $2.41 billion, as a rise in the average deal size masked a decline in the overall number of deals, according to reinsurance broker Gallagher Re's latest Global Insurtech Report. Despite ... Read the full article

Insurtech Mulberri raises $4mn Series Seed

29th July 2022

Mulberri, a pioneering insurtech and business insurance platform for modern PEOs and brokers, has announced that it has raised a $4 million Series Seed led by a consortium that includes Hanover Technology Management, MS&AD Ventures, and Altamont Capital Partners (via insurance enterprises in its portfolio). In a press release, it notes ... Read the full article

Swiss Re GBS India and T-Hub partner to boost insurtech innovations

28th July 2022

Swiss Re Global Business Solutions (GBS) India, an analytics and innovation hub of Swiss Re, and T-Hub an innovation hub and ecosystem enabler, have announced a partnership aimed to improve innovation in the insurtech sector. Based in Hyderabad, T-Hub is the world’s largest innovation campus, according to the business incubator; it ... Read the full article

Insurtech Gateway completes first close on Seed Fund II

22nd July 2022

Insurtech Gateway, an independent insurtech incubator authorised by the FCA, has announced the first close of Seed Fund II. According to the announcement, this funding will allow the Gateway to support another 20 teams over the next 4 years from pre-seed to Series A. Insurtech Gateway was founded in 2016 with a ... Read the full article

Munich Re syndicate backs new spot-cargo insurtech

11th July 2022

Munich Re Syndicate, the Lloyd's of London Marine & Specialty underwriter of reinsurance giant Munich Re, is set to back MiKargo247.com, a new insurtech, created specifically for one-way, spot-cargo freight. MiKargo247.com will aim to provide freight brokers, 3PLs and motor carriers with access to insurance that protects cargo and helps it ... Read the full article

BlackFin raises €350 million for investments in EU insurtechs

11th July 2022

BlackFin Capital Partners has announced a second closing of its Tech 2 fund dedicated to European fintechs and insurtechs to the tune of €350 million. The fund, which is now already double the size of its predecessor, will be invested in Europe’s most promising fintechs and B2B insurtechs. At a time when ... Read the full article

Hyper-personalisation is the future of Insurtech – Capco

24th June 2022

Insurtech firms that prioritise hyper-personalisation and embedded insurance will come out the long-term winners and define the sector in the coming years, according to Usman Sheikh, Executive Director at Capco.  “Despite flagship Insurtech brands decreasing in valuation this year and the sector facing a ... Read the full article

Tim Spencer of Prima XL on the future role of reinsurtech

23rd June 2022

Digitisation has been a buzzword across multiple sectors and industries in recent years as an increasingly online and mobile-connected world population has come to expect their insurers in turn to fully embrace the revolution of a hyper-connected world. And where the insurers go, the reinsurers will be expected to follow. And, ... Read the full article

What could hard market pricing mean for insurtechs seeking reinsurers?

13th June 2022

There are concerns over how the access of some insurtech firms to reinsurance may be impacted by hard market pricing. According to analysts, price adequacy and underwriting results may be affected by access to reinsurance capital. An analyst at Goldman Sachs, who recently had discussions with insurtech companies at a recent conference, ... Read the full article

Insurtech Cytora names Zaheer Hooda as Head of North America

9th June 2022

UK insurtech Cytora has appointed Zaheer Hooda - former Senior Vice President of Data and Digital Enablement for Hiscox USA, as its Head of North America. Within his new role, Hooda will bring his fifteen years of experience within the industry, which includes driving strategic operational and digital transformation projects for ... Read the full article

Carbon insurtech Kita raises £350k in pre-seed funding

9th June 2022

Insurance firm Kita has raised £350k in a round of pre-seed funding led by Insurtech Gateway. The round, which also included investors Carbon13, Climate VC, and Echelon Capital, was said by the firm in a statement to have been ‘oversubscribed’. It also said that the funding will be used to build and ... Read the full article

Hippo’s First Connect insurtech marketplace to offer cyber protection from Blink by Chubb

31st May 2022

First Connect Insurance Services LLC, a subsidiary of Hippo Insurance Group, has announced a collaboration with Blink, a suite of Chubb-backed consumer insurance products, to make personal cyber insurance protection available to independent agents that participate in First Connect’s insurtech marketplace platform. First Connect – a digital platform designed to provide ... Read the full article

Qoala becomes SEA’s fastest growing insurtech through $65m Series B funding

13th May 2022

Indonesian insurtech start-up Qoala, has announced that it has successfully raised Series B funding of US$65 million, a thirty times growth since the company’s Series A round in April 2020. The Series B funding was led by by Eurazeo with participation from other existing investors including Flourish Ventures, KB Investment, MassMutual ... Read the full article