InsurTech

Bengaluru-based digital insurance startup Plum raised $15.6m in its Series A funding round led by Tiger Global.

Hot on the heels of its acquisition of Virtual MGA in July, Insurity has inked a partnership with ODG by MCG.

Brexit has caused a lot of uncertainty for FinTech firms. However, those worries have not stopped Getsafe from venturing into Britain.

Life insurance company Singapore Life has acquired Yolopay, supporting its move into the prepaid card sector.

LeaseLock, an insurance platform for the rental housing industry, has raised $10m in its Series A round.

Insurance firms are beginning to understand technology’s importance in back office processes, according to Aquiline Capital Partners Aquiline Technology Growth head Max Chee in a research interview with FinTech Global.

Asian telecom giant Axiata group is pumping $16.8m into microinsurance startup BIMA. The Swedish InsurTech startup already works alongside the firm in several markets.

InsurTech company Insurance Lounge has closed a round of growth equity financing of $15m to speed up its plans for expansion.

InsurTech startup ennabl has teamed up with data classification platform Relativity6 to help insurance brokers give tailored insurance to customers.

Insurance carriers have seen a heightened engagement from consumers during the pandemic, but they need to capture this demand while it lasts and foster a deeper, more engaging relationship with customers to maintain their interest.