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Indian market regulator puts insurer Digit’s $440 million IPO in ‘abeyance’

TechCrunch

The Indian capital market regulator has moved Digit’s IPO application to “abeyance,” it said in what is a disappointing development for the online insurer’s plan to go public. Indian market regulator puts insurer Digit’s $440 million IPO in ‘abeyance’ by Manish Singh originally published on TechCrunch.

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Shepherd raises $6.2M seed round to tackle the construction insurance market

TechCrunch

Shepherd , an insurtech startup focused on the construction market, has closed a $6.15 But companies like Shepherd — and Blueprint Title earlier this week — are wagering on there being margin elsewhere in the insurance world to attack. Frankly, TechCrunch finds the B2B neoinsurance startup market fascinating.

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Selling insurance is hard, but that’s not bad news for insurtechs

TechCrunch

W elcome to the TechCrunch Exchange, a weekly startups-and-markets newsletter. B2C When I reached out to investors recently for our latest insurtech survey , I was curious to know how the economy was affecting insurance purchase decisions and whether this made B2B companies more appealing to VCs than their B2C peers. Sign up here.

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IT leaders adjust budget priorities as economic outlook shifts

CIO

Budget planning during uncertain economic times is never CIOs’ favorite activity. For the most part, budgets are holding steady or growing in the single digits, with continued investments in security, analytics, and the cloud, among other areas. But the next eighteen months aren’t shaping up to be as challenging as some may fear.

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5 hot IT budget investments — and 2 going cold

CIO

The numbers are higher from Foundry’s 2023 State of CIO survey , which finds that 91% of CIOs expect their tech budgets to either increase or stay the same in 2023. For example, pricing and underwriting are two key areas where life insurance carriers can bring market-differentiating product offerings to customers, Seetharaman explains.

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Indonesian D2C insurance marketplace Lifepal raises $9M Series A

TechCrunch

Choosing an insurance policy is one of the most complicated financial decisions a person can make. The startup, which says it is the country’s largest direct-to-consumer insurance marketplace, announced today it has raised a $9 million Series A. PasarPolis also partners with Gojek to offer health and accident insurance to drivers.

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Soci raises $120M in debt and equity to grow its marketing management platform

TechCrunch

“Soci became an essential partner to brands for this transformation, which led to an increased need for brands to turn to technology to manage their presence in local digital market channels.” Khoury says he was inspired to found Soci by the dearth of options for brands to manage their presence across digital marketing channels.

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