TechCrunch

MARCH 15, 2022

Cybercrime is on the rise, and today an insurance startup that’s built an artificial intelligence-based platform to help manage the risks from that is announcing a big round of funding to meet the opportunity. “Underwriting cyber insurance for SMEs is a more dire prospect than for large enterprises,” he said. .

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TechCrunch

JANUARY 25, 2023

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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TechCrunch

APRIL 8, 2023

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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TechCrunch

MARCH 16, 2023

With inflation sparking an increase in the cost of repairs, labor and claims, fees for insurance are similarly spiking across the board. Car insurance premiums rose 13.7% Home insurance, meanwhile, climbed 12.1% Fairmatic applies AI to commercial auto insurance. year-on-year, Policygenius found.

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TechCrunch

MARCH 1, 2022

The company, which enables underbanked customers in select African markets to access a broad range of products and services without collateral or a guarantor, announced today that it has raised $75 million. In the company’s more established markets, Kenya and Uganda, customers can access the full suite of M-KOPA’s offerings.

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TechCrunch

MAY 14, 2023

It recently entered the Kenyan market to tap the growth of its agriculture sector. Kenya is a very interesting market for us, especially because of the agricultural play. We also believe it could be a very key springboard into new markets,” Iortim , Figorr founder and CEO, told TechCrunch.

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TechCrunch

MAY 6, 2021

Tech investments in emerging markets have been in full swing over the past couple of years and their ecosystems have thrived as a result. Some of these markets like Africa, Latin America, and India, have comprehensive reports by publications and firms on trends and investments in their individual regions. Let’s dive in.

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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. Meanwhile, the new funding will be used for go-to-market initiatives, product and technology development and hiring.

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TechCrunch

MAY 13, 2021

Because the best go-to-market (GTM) strategies for startups are like hamburgers: The bottom bun: Bottom-up GTM. The bottom bun — users not leads: In a top-down sales model, marketing creates leads that are then converted into sales by enterprise reps. The hamburger go-to-market strategy. The answer is the hamburger model.

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TechCrunch

MARCH 13, 2023

Mercury , a startup that provides banking services for other startups, is offering customers expanded FDIC insurance of up to $3 million via a new product in the wake of Silicon Valley Bank’s collapse. That’s 12x the industry standard for institutions of $250,000 in FDIC insurance that other institutions offer. invested in U.S.

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TechCrunch

JUNE 8, 2022

Branch , a startup offering bundled home and auto insurance, has raised $147 million in Series C funding at a postmoney valuation of $1.05 In other words, the company has partnered with mortgage or security system providers to integrate insurance at the point of sale in their products. million in total funding since its 2017 inception.

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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

JANUARY 25, 2021

Pula , a Kenyan insurtech startup that specialises in digital and agricultural insurance to derisk millions of smallholder farmers across Africa, has closed a Series A investment of $6 million. Agriculture insurance has traditionally relied on farm business. or Europe with typically large farms, an average insurance premium is $1,000.

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TechCrunch

MARCH 6, 2021

Welcome back to The TechCrunch Exchange, a weekly startups-and-markets newsletter. Despite some recent market volatility , the valuations that software companies have generally been able to command in recent quarters have been impressive. Next Insurance, and its changing market. Sign up here.

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TechCrunch

DECEMBER 13, 2021

Launched in 2017, Fuse connects insurance companies with multiple distribution channels and partners to make insurance services accessible and affordable through its technology. The pandemic accelerated the digital transformation in the insurance industry, one of the most conservative sectors.

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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. We nailed how to disrupt it in our core market,” Teicke said. But what makes Wefox different from legacy insurance companies? We’re tackling that $5.2

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TechCrunch

JULY 11, 2022

European insurance tech startup Wefox has raised $400 million in a series D round of funding, giving the German company a post-money valuation of $4.5 Moreover, this also allows Wefox to enter new markets more quickly. This represents a 50% increase on last year’s $3 billion valuation at its Series C round. and Asia in 2024.

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TechCrunch

NOVEMBER 23, 2022

Shares of Delhivery hit an all-time low of 317 Indian rupees ($3.88) Wednesday, cutting its market cap to $2.8 At the current share price, Delhivery’s market cap has shrunk to $2.8 Indian fintech giant Paytm, which hit an all-time low Tuesday , slid further to as low as 452 Indian rupees Wednesday, cutting its market cap to $3.6

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TechCrunch

JUNE 16, 2021

As the insurance industry adjusts to life in the 21st century (heh), an AI startup that has built computer vision tools to enable remote damage appraisals is announcing a significant round of growth funding. You’re dealing with so many touch points with your insurance, so many people that need to come and check things out again.

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TechCrunch

NOVEMBER 4, 2020

In some B2B verticals, such as the veterinary supplies market, there is little consistency and transparency regarding the market price of any given item; instead, each buyer pays a bespoke price tied to contractual agreements. Insurance is designed to protect against damage to the goods in transit or theft.

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TechCrunch

MAY 16, 2023

As a reminder, Wefox sells insurance products through in-house and external insurance brokers. More recently Wefox launched its own insurance carrier — Wefox Insurance. This way, the company can design and sell its own insurance products without relying on third-party insurance companies.

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TechCrunch

MAY 23, 2022

But t he used cars market isn’t only enormous in Egypt; it is in almost every country with a large population globally. Recently, there’s been rapid digitization of this market , with several startups upending incumbents such as classifieds and hoping to define the new era of used-car-sale platforms. Some include U.K.’s

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TechCrunch

DECEMBER 28, 2023

The automotive industry has entered into a new era of vehicular safety, where in-car systems initially designed to keep you alive are also being marketed as quality-of-life improvements. What once was something only discussed with your insurance adjustor is now technology you might covet on your next commute.

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TechCrunch

OCTOBER 24, 2020

To get a better handle on the Indian startup market more broadly, The Exchange got ahold of Accel investors Arun Mathew (based in the United States), and Prayank Swaroop (based in India), for a bit of digging. All told, 2019 was a huge year for the Indian startup market in venture capital terms, and 2020’s recovery is underway.

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TechCrunch

MARCH 5, 2021

For a sector that has enjoyed a year in the sun , recent trading sessions have punctured a period of market adoration. It is too soon to say that the market is repricing tech stocks, but the selloff has reached the point of materiality and is therefore something we need to note. Root Insurance 52-week high: $29.48.

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TechCrunch

MARCH 7, 2023

“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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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. Bolttech’s Series B is closed to new interest from the market, but we continue to engage with the investor community in case of future opportunities,” he told TechCrunch.

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TechCrunch

MAY 17, 2023

Obie , a real estate-focused insurance technology company, has raised $25.5 million Series A — nearly two years ago, the startup says it has gone from securing insurance for over $3 billion worth of property to $20 billion worth. The company also claims to save policyholders up to 25-30% compared to other insurance premiums.

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TechCrunch

FEBRUARY 7, 2022

Reports say healthtech in Africa should reach a market value of over US$11 billion by 2025 and Reliance Health is looking to play a pivotal role in the continent reaching that capitalization. It uses an integrated process to provide health insurance and telemedicine via partnerships with hospitals and healthcare facilities. “So

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TechCrunch

SEPTEMBER 19, 2022

Research indicates that the global e-bike market will surge to nearly $41 billion by 2030, a big jump from being valued at US$ 17.56 Boundless Rider is a new insurance company founded specifically to serve riders of motorcycles, e-bikes and power sport vehicles. Growing markets. billion in 2021. . Meanwhile, the U.S.

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TechCrunch

FEBRUARY 15, 2023

Naked , a South African insurtech company that helps consumers to insure their cars, homes, and valuables, has raised $17 million in Series B funding led by the International Finance Corporation (IFC). South Africa makes up 70% of this market, with an annual gross written premiums market of over $47 billion.

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TechCrunch

NOVEMBER 28, 2022

Igloo develops its insurance products and then partners with insurers who underwrite their policies. Igloo currently works with 20 global, regional and local insurers across Southeast Asia. It distributes its insurance products through partnerships, and is partnered with over 55 companies in 7 countries.

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TechCrunch

OCTOBER 19, 2022

Acko — which counts Lightspeed Venture Partners India, CPPIB, Amazon and Multiples Private Equity among existing backers — is among a handful of startups that is attempting to take on the country’s antiquated insurance industry with a digital-first product. Only a fraction of the nation’s 1.3 Only a fraction of the nation’s 1.3

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TechCrunch

MARCH 28, 2023

Indian insurtech Acko is in late-stage discussions to secure $120 million in a funding round at a time when weak global market conditions have subdued large financing deliberations in the South Asian market. TechCrunch reported earlier that General Atlantic was engaging with Acko to increase its stake in the insurtech firm.

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TechCrunch

SEPTEMBER 30, 2022

Insurtech companies have been among the biggest victims of the public market selloff, especially those that went public in 2021. “I do not believe the insurtech market to be dead, because it is still a multi-billion-dollar market,” Hélène Falchier, partner at Portage Ventures, told TechCrunch.

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TechCrunch

DECEMBER 7, 2023

Kenyan insurtech Lami Technologies February last year announced its acquisition of Bluewave, another startup within the insurance space, to expand its product offerings and enable it to scale into new markets in Africa, but it has now emerged that the deal fell through months later.

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TechCrunch

DECEMBER 14, 2020

Only about a third of the yields Indian farmers produce reaches the big markets. The round was led by Quona Capital , a venture firm that focuses on fintech in emerging markets. Our belief is that we should cater to the two-thirds of the market that are currently underserved. Everyone else is missing out.

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