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As Next Insurance makes its first acquisition, insurtech looks energetic

TechCrunch

Next Insurance , a startup that competes in the small business (SMB) insurance market, announced this morning that it has acquired its first company. Next Insurance raised $250 million earlier this year at a valuation of $2 billion , making it one of the richest startups to compete in the broad insurtech niche.

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Insurtech startup Luko acquires Coya and gains insurance license

TechCrunch

French startup Luko is acquiring German startup Coya in order to grow its European presence and get an insurance license from German regulator. Luko started as a home insurance company for both homeowners and renters. Luko started as a home insurance company for both homeowners and renters.

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Superscript, a bespoke insurance provider for SMEs, raises $54 million

TechCrunch

Superscript , an insurance broker and tech platform targeting SMEs and “high-growth” tech firms, has raised £45 million ($54 million) in a Series B round of funding. Founded out of London in 2015, Superscript constitutes two core insurance businesses: an online-only “self-serve” platform that’s available to U.K.

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Nigeria’s Curacel raises funding to power insurance offerings and expand into North Africa

TechCrunch

of Africans are insured , which is less than half the global average of 6.3%, making it the least insured continent in the world. But soon, the co-founders realized a much bigger problem facing healthcare, particularly as regards insurance. As many as 2.8% Despite the abysmal number, there’s some good news.

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6 VCs explain why embedded insurance isn’t the only hot opportunity in insurtech

TechCrunch

If you think embedded insurance is the only hot thing in insurtech these days, we’ve got a surprise in store for you: While it’s true that startups that help sell insurance together with other products and services are enjoying tailwinds, there are plenty of other opportunities in the space, several investors told TechCrunch+.

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Getsafe expands to France starting with home insurance

TechCrunch

German insurtech startup Getsafe is adding a fourth market with today’s product launch. Getsafe is now going to offer insurance products in France. The company will first offer a home insurance product. Getsafe is trying to disrupt the insurance market with a focus on digital-first insurance products.

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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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