TechCrunch

SEPTEMBER 20, 2022

That business, an API platform for insurance infrastructure, said on Tuesday it has raised $75 million in new funding. Zopper works with insurance providers and creates byte-sized, personalized products that it then supplies to distribution partners. Zopper’s current porfolio of Insurance coverage (Image credit: Zopper).

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TechCrunch

JANUARY 23, 2023

Coverdash , providing small businesses, e-commerce merchants and gig-economy workers with insurance, launched its product in all 50 states after closing over $2.5 Coverdash’s insurance policy dashboard. We view Coverdash as the future of business insurance and embedded distribution.” million in seed capital.

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TechCrunch

APRIL 20, 2021

“Challenger” startups in banking and insurance have upended their industries, and picked up significant business, by building more customer-friendly tools and services — more personalized, easier to access and usually competitively priced — than those typically provided by their bigger, incumbent rivals.

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TechCrunch

MAY 14, 2023

million equity funding, and $275K grants from various entities such as the Google Black Founders Fund, Africa Business Heroes by Jack Ma Foundation, FbStart, and Lafiya Innovators by Impact Hub. Iortim believes that with suitable and specific data, insurance companies will be better placed to provide tailored products. “One

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TechCrunch

AUGUST 19, 2021

DigiSure, a digital insurance company that caters to modern mobility form factors like peer-to-peer marketplaces, is officially coming out of stealth to announce a $13.1 DigiSure says it goes beyond credit and driving history to give users a more personalized quote, and in the process helps operators lower their own insurance costs.

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TechCrunch

JUNE 16, 2021

When Richard Joffe moved his family to Australia in 2019, he said applying for home insurance “was like traveling back in time 30 years.”. “I I found the sign-up process painful, the fine print was confusing and the insurance company was totally reactive, not proactive. million AUD (about $11.9

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TechCrunch

MARCH 10, 2022

Curacel , the YC-backed startup that is developing insurance infrastructure for the African market, has launched a new interface that allows digital businesses like those in retail, fintech, e-commerce and logistics to add insurance to their core products. Insurance companies were losing a lot of money to fraud.

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TechCrunch

APRIL 19, 2022

Only 21% of the 12 million registered vehicles on Nigerian roads have genuine motor insurance, as the rest either have fake certificates (owners are mostly unaware) or are not covered at all. Etap claim to enable motor vehicle owners to purchase insurance in 90 seconds and complete claims in three minutes. Image Credits: Etap.

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TechCrunch

FEBRUARY 13, 2023

Much has been written about the success of fintech and how this wave of technological innovation has changed consumers’ lives. Over the last decade, many once-promising innovations failed and did not live up to expectations. It is important to not just celebrate success but also to learn the lessons from failure.

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CIO

NOVEMBER 26, 2024

Data is the lifeblood of the modern insurance business. Yet, despite the huge role it plays and the massive amount of data that is collected each day, most insurers struggle when it comes to accessing, analyzing, and driving business decisions from that data. There are lots of reasons for this.

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TechCrunch

APRIL 11, 2022

Voyager Innovations , the owner of Philippines’ payment and financial services app PayMaya and neobank Maya Bank, announced today it has raised $210 million, bringing its valuation to $1.4 PayMaya owner Voyager Innovation raises $167M from KKR, Tencent and IFC, to launch digital bank in the Philippines.

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N2Growth Blog

OCTOBER 12, 2023

Crafting the Future: The Significance of Selecting the Right Insurance Executive In today’s fast-paced and ever-evolving business environment, securing the right insurance executive is more than a mere hiring decision —it’s a pivotal investment in the company’s future.

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TechCrunch

MAY 31, 2021

Wefox is a digital insurer focused on personal insurance products, such as household insurance, motor insurance and personal liability insurance. But what makes Wefox different from legacy insurance companies? Wefox isn’t a direct-to-consumer insurance company. We’re tackling that $5.2

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TechCrunch

JUNE 27, 2021

Voyager Innovations , the Manila-based owner of PayMaya , one of the Philippines’ most popular payment and financial services apps, announced today it has raised $167 million in new funding to launch more financial services, including a digital bank. Viva Republica, developer of Korean financial super app Toss, raises $410M at a $7.4B

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CIO

FEBRUARY 16, 2024

“Innovate or die,” Peter Drucker’s 1985 exhortation on the importance of constant reinvention, was great business advice for the last 40 or so years. This can be particularly challenging in heavily regulated industries such as healthcare, insurance, and finance.

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TechCrunch

MAY 13, 2022

Like many legacy markets poised for change, the insurance industry has already seen its first wave of innovation. brought a centuries-old product into the digital era by giving customers a way to apply for insurance online. That’s because insurance, fundamentally, is about risk.

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TechCrunch

NOVEMBER 22, 2021

Most people in Africa wish to utilize various insurance products but are often deterred by the associated high premiums. It is, therefore, not surprising that insurance penetration across the continent remains marginal, with reported premiums per capita being 11 times lower than the world average, according to a McKinsey study.

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CIO

FEBRUARY 23, 2024

For automakers such as Honda, generative AI provides an opportunity to enable their automobile designers and developers to innovate on a higher level, says Craig Powers, research director for worldwide digital business strategies at IDC. Automotive Industry, Digital Transformation, Generative AI, Innovation

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Generative AI Innovation Automotive Technical Review 183

TechCrunch

NOVEMBER 28, 2022

The first tranche of $19 million was announced in March, and led by Cathay innovation with participation from ACA and returning investors OpenSpace. Other lead investors were the Women’s World Banking Asset Management (WAM), FinnFund, La Maison and returning investors Cathay Innovation.

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TechCrunch

MAY 17, 2023

The funding was led by Tokio Marine, Japan’s first insurance company, and life insurance leader MetLife through its subsidiary MetLife Next Gen Ventures. Embedded means insurance or protection products that are embedded into the customer experience as they buy a product or sign up for a service.

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Mobilunity

DECEMBER 24, 2024

PRO TIP Insurers must act now: getting tech capabilities to the needed state will take years, and the industry is approaching a tipping point in which structures will shift very quickly. We’ve reviewed reports from McKinsey and Deloitte to explore how companies start driving growth through insurance modernization.

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TechCrunch

MARCH 5, 2021

The now-infamous ARK Innovation ETF is off 6.5% Lost on the TechCrunch editing floor from late yesterday is a post we wrote noting the sharp declines in the value of insurtech stocks ahead of the impending public debut of Hippo, another neo-insurance company. Root Insurance 52-week high: $29.48. today after previous declines.

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CIO

NOVEMBER 15, 2023

The reason for this shift is simple: While CIOs can often call on talented teams of internal IT professionals to deliver business solutions, no technology department can be expected to generate every innovation necessary to compete in a fast-moving digital age. White says being an enabler isn’t a straightforward role, either.

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TechCrunch

OCTOBER 13, 2021

There is an imbalance between demand and supply of general insurance due to the tedious workflow and processes that insurance intermediaries and insurance companies face. . trillion general insurance industry. . Hong Kong insurtech startup Coherent gets $14 million Series A led by Cathay Innovation.

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Perficient

OCTOBER 29, 2024

The 2024 InsureTech Connect (ITC) conference was truly exhilarating, with key takeaways impacting the insurance industry. The industry is constantly evolving, and ITC displays the alignment of everyone within the insurance industry surrounding the same purpose. Moreover, AI is not here to replace the human, but rather assist the human.

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Insurance Artificial Inteligence Artificial Intelligence Industry 111

TechCrunch

NOVEMBER 4, 2020

Those that innovate now to introduce adjacent services will emerge as winners in the next few years, with some inevitably becoming billion-dollar companies. Insurance: Business buyers frequently purchase insurance as part of their transactions, particularly in high-value verticals such as jewelry.

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TechCrunch

SEPTEMBER 15, 2022

Insurance penetration in Africa is currently below 3% largely attributable to the slow adoption of innovation in the sector. The startup’s planned growth comes against the backdrop of a $10 million Series A equity funding in a round led by AfricInvest, through its Cathay Africinvest Innovation Fund (CAIF) , and Novastar Ventures.

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TechCrunch

JULY 30, 2021

The company, which is in the midst of moving its headquarters to New York, sells health insurance, retirement savings plans and tax withholding directly to freelancers, contractors or anyone uncovered. Retirement investments and health insurance have grown similarly.

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CIO

JUNE 13, 2023

The pace of innovation is relentless. The next generation promises to deliver the same unstoppable parade of innovation. The chain of transactions held in the distributed ledger might track insurance payments, car purchases, or any number of assets. Embracing an idea before it’s ready can be invigorating — if you’re right.

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TechCrunch

OCTOBER 27, 2020

I wrote a call to action for the tech community to dive deeper into the future of innovation this coming decade. There is so much more coming this decade, that we may look back at the 2010s as the dark ages of innovation. Where are some of the hot spots going to come from though? Photo by Ian Forsyth/Getty Images.

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TechCrunch

OCTOBER 15, 2021

But with the region’s thirst for innovation, the market is expected to expand nearly tenfold over the next decade, with open banking through the use of APIs leading the way and acting as digital transformation facilitators. Fintech regulations in Latin America could fuel growth or freeze out startups.

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TechCrunch

SEPTEMBER 19, 2022

Boundless Rider is a new insurance company founded specifically to serve riders of motorcycles, e-bikes and power sport vehicles. Historically, motorcycle and power sports insurance has been wrapped into traditional car insurance as a subcategory. . This isn’t Baldwin’s first insurance technology startup. Growing markets.

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TechCrunch

MARCH 7, 2023

All said, Assured Allies joins with insurtech companies around the world that did manage to secure some decent funding recently, including Equisoft , Naked Insurance , Turaco and Acko. It has been proven to reduce the cost of long-term insurance claims by roughly 20%, Nahir told TechCrunch. Akilia Partners and Samsung Next.

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TechCrunch

MARCH 1, 2021

Known for its innovations in the payments sector, Square is now officially a bank. Nearly one year after receiving conditional approval , Square said Monday afternoon that its industrial bank, Square Financial Services, has begun operations.

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TechCrunch

AUGUST 6, 2021

Verifiable founder Nick Macario told TechCrunch that data fuels critical operations across health systems and insurance carriers, like contracting, credentialing, enrollment, claims and directories. Insurance payers is the newest part of the company’s expansion that includes verifying provider directories.

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TechCrunch

DECEMBER 9, 2021

For insurance companies, the natural hazard risk models have broken. We are discussing these issues with large insurers and the interest is unprecedented. When Amazon is worth $5 trillion, while its employees cannot find an insurable home on the West Coast? just in the past 18 months. the damage is real.

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TechCrunch

AUGUST 18, 2021

It operates an asset-light model, in that it does not buy vehicles but instead has inked rental agreements with OEMs such as Toyota and Volkswagen to offer vehicles to gig workers, including insurance and maintenance. Our mission is to make car ownership more inclusive, human and efficient using technology and financial innovation,” he said.

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