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Evy wants to offer product protection insurance everywhere

TechCrunch

Meet Evy , a French startup that is working on extended warranties and product protection insurance. The startup acts as an insurance broker and partners with Wakam to cover the risk — but it could also partner with other insurance companies in the future. Evy has created 25 tailor-made insurance programs in just a few months.

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Level raises $27M from Khosla, Lightspeed ‘to rebuild insurance from the ground up’

TechCrunch

Founded in 2018, New York City-based Level says it’s “rebuilding insurance from the ground up” via flexible networks and real-time claims with the goal of helping employers and employees get the most out of their benefit dollars. . Insurance is confusing and often feels unfair.

Insurance 246
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Cowbell raises $100M to build out its AI-based cyber insurance platform for SMBs

TechCrunch

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.

Insurance 260
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Elevation Capital, General Catalyst lead $12M round into health insurance startup Loop Health

TechCrunch

Loop Health aims to be the “Oscar Health of India” and targets the country’s health insurance gap with its approach to primary care and insurance. In talking to potential customers, half of them are buying insurance for the first time,” Kale added. The sentiment has flipped now.”. Loop Health app. Image Credits: Loop Health.

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Mercury expands FDIC insurance up to $3M through new Vault product

TechCrunch

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.

Insurance 244
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Sure raises $100M at a $550M valuation to help companies launch insurance products with its ‘flexible’ APIs

TechCrunch

Sure , an insurance infrastructure startup, announced today that it has closed on $100 million in Series C funding at a $550 million valuation. Customers include Farmers Insurance, Chubb, Intuit, Betterment, Revolut, Carvana, several automotive manufacturers and a leading global credit card network. Berkley and Menlo Ventures.

Insurance 240
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Talkiatry lands $20M Series A to go all in on in-network psychiatric care

TechCrunch

Talkiatry announced today that it has raised a $20 million Series A to scale a strategy simple in theory yet potentially challenging in execution: bring psychiatry services in-network with insurance providers. The startup’s true innovation lies in its plan to make psychiatric services covered by insurance providers for consumers.

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