Tag: insurtech

In 2019, the global InsurTech market was valued at $5.48bn. Now, new research has suggested that figure could jump to $10.14bn by 2025, representing a compound annual growth rate of 10.8%.

The last two weeks have seen everything from huge $1bn investments rounds to undisclosed seed rounds. Let's check some of them out.

Despite the coronavirus having wreaked havoc on the travel industry, InsurTech Blink Parametric has unveiled a new solution for weary travellers.

Digital insurance broker CoverFox has reportedly raised INR 300m ($3.9m) in a funding round which values the InsurTech at around INR 17.3bn ($227.1m).

COVID-19 has not only caused major disruption into people’s lives and in the markets, but has also raised the risk of hack attacks. Now, Corvus Insurance hopes to help.

Home insurance platform Kin Insurance will leverage Cape Analytics’ geospatial property intelligence to improve policies for consumers, as part of a new agreement.

The Swedish InsurTech company Greater Than has launched its new AI-based platform, which caters to all types of cars, auto insurers, fleets, and car manufacturers.

UK-based startup honcho has closed another successful round by combining crowdfunding and the backing of established investors such as Insurtech Gateway, Business Durham and the North East Development Capital Fund.

Building on its reputation of nurturing successful startups in the InsurTech space, Lloyd’s Lab has now picked the fourth batch for its accelerator programme.

Insurance solution builder Insuritas will design and launch a credit union owned, full service insurance agency on behalf of University First Federal Credit Union.