InsurTech

RATESDOTCA, which offers a digital shop for insurance and financial products, has closed its new funding round on $51m.

Digit Insurance, an India-based insurer, is reportedly considering raising $440m through initial public offering (IPO) at a valuation of $4.5bn to $5bn.

Azur, the managing digital agent, has announced the launch of two new products – Azur Niche and Azur Unoccupied – to meet the broad insurance needs of high net worth clients.

Web Connectivity Limited (WCL), a subsidiary of Zywave, has agreed a deal to supply ACORD4ALL mappings to Velonetic in support of Blueprint Two adoption in the London Market.

Vitraya Technologies, an India-based technology platform that enables automated claims decision making for insurers and real-time payouts to providers, has secured $4.1m in Series A funding.

The ability to react quickly to the rapidly changing market is a business imperative for insurers. Modern underwriters would do well to transform the way they work in a way that allows them to spend less time on admin and more time underwriting. How can this be done?

Starling Bank’s SME marketplace just added Nimbla, a digital insurance provider, to protect the challenger bank’s customers from the woes of unpaid invoices.

Germany-based InsurTech Hepster has reportedly raised $10m in its Series A round, which was led by Element Ventures.

IMA Financial Group has launched IMA Web3Labs, the metaverse’s first insurance and risk management research and development facility.

While the payments industry has reason to celebrate, last week also proved a boon for 38 FinTech companies closing investment rounds. The FinTech industry returned...