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Oscar Health’s IPO filing will test the venture-backed insurance model

TechCrunch

The New York-based health insurance unicorn has raised well north of $1 billion during its life, making its public debut a critical event for a host of investors. To understand Oscar Health we have to dig a bit into insurance terminology, but it’ll be as painless as we can manage. Net premium earned: $455 million (-3% from $468.9

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Beam raises $80M as the dental insurer looks to keep up rapid historical growth

TechCrunch

Mercato-affiliated Traverse led the investment, with Nationwide insurance joining the deal. The investment comes after rapid growth at the company, a common theme amongst neo-insurance providers. Both are new investors in Beam. Prior investors Drive Capital and Georgian Partners also put capital into the funding event.

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UK’s Marshmallow raises $85M on a $1.25B valuation for its more inclusive, big-data take on car insurance

TechCrunch

In this, the startup will be tapping into a new approach that other insurtech startups are taking as they rethink traditional insurance models, much like YuLife is positioning its life insurance products within a bigger wellness and personal improvement business. Marshmallow — a U.K.-based tech world.

Insurance 219
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Kenya’s MotiSure rides on micro-payments to drive personal mobility insurance growth

TechCrunch

Affordability is one of the biggest impediments for insurance penetration in Kenya. The API-powered platform is using technology to disrupt a market that is largely dominated by traditional insurance companies, many of which are reluctant to abandon lengthy paperwork, and traditional payment modalities for both premiums and claims. “We

Insurance 202
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Amex Ventures bets $5M on Trellis, which wants to make switching insurance providers easier

TechCrunch

How many people have stuck with the same auto insurance provider because the process of finding a new one feels overwhelming and painful? Trellis says it has built an API platform that lets consumers shop for car insurance policies by offering side-by-side comparisons, a way to buy a new plan and cancel their old plan — all at once.

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AgentSync raises $75M for its insurance-focused API business

TechCrunch

insurance world kept proving to be a growth business. And the unicorn reported 169% net dollar retention, indicating that once it lands a customer, it quickly sells more to that client. The new unicorn has been on a rapid-fire fundraising clip since TechCrunch first spoke to the company just over a year ago, when it raised a $4.4

Insurance 247
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B2B marketplaces will be the next billion-dollar e-commerce startups

TechCrunch

Financing: It is customary in B2B transactions to pay “with terms,” such as net 30 or net 60, effectively giving a line of credit to the business buyer that enables them to send payment after delivery of the good or service. Insurance is designed to protect against damage to the goods in transit or theft.

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