InsurTech

InurTech startup Lemonade has secured funding from global insurance giant Allianz. The terms of the deal are undisclosed.

Health insurance startup Better has raised $1.1m in a seed funding round. Initialized Capital led the investment with Designer Fund and angel investors also participating.

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.

Belgian InsurTech startup Qover has picked up ?5.5m in a Series A round led by Anthemis Group. The round also saw participation from existing backers Belcube and Callat?y & Wouters Ventures.

Cyber risk modelling platform for the insurance sector Cyence has partnered with Allianz Global Corporate & Specialty SE.

Texas-based insurance distribution and underwriting company MarketScout have launched a $25m InsurTech-focused fund.

On-demand insurance provider Slice Labs has received a new funding round from Munich Re / HSB Ventures, to help with the product’s launch in the US.

On-demand insurance startup Trov has secured $45m in a Series D round led by Munich Re / HSB Ventures. The company says all of its Series C round investors participated in the round.

Insurance data and machine learning platform Groundspeed Analytics has closed a $2m Series A round. InsurTech and FinTech investor ManchesterStory led the round.

Collaborative insurance startup Otherwise has picked up €1.6m in a Seed funding round. The investment comes from 360 Capital Partners and Bpifrance as well as other private investors.