Tag: Insurance

The InsurTech sector continued its rapid expansion last year setting a new annual funding record at $13.4bn, nearly double the $7bn capital invested in...

Cloud Insurance started life after a string of coincidences. Axel Sjøstedt was studying at university and to help pay the student financing he did some tech consulting on the side.

India-based InsurTech company HealthySure has reportedly raised $1.2m in its pre-Series A funding round.

Cyber Sierra, a Singapore-based cyber insurance platform, has reportedly raised $4.3m in its seed funding round.

Vitesse PSP, a global payment and treasury management platform, has scored $26m in its Series B funding round.

kWh Analytics, which supports insurance for the climate, has received $20m in funding to support its expansion efforts.

The insurance sector has changed quite a bit over the past years; however, it is currently undertaking its biggest ever transformation - the shift towards a fully personalised approach towards the consumers, and usage-based insurance (UBI) as a prominent example of that shift.

Descartes Underwriting, which is helping insurers address climate and emerging risks, has secured $120m in its Series B.

TD Insurance (TDI) has implemented FRISS’ AI-powered fraud risk scoring services to combat the rising prevalence of insurance fraud in Canada.

Security firm Simplisafe has teamed with insurance company Aviva to help businesses reduce the severity or prevent costly insurance claims on their premises.