InsurTech
InsurTech MIC Global Receives ‘In-Principle’ Approval to Launch Lloyd’s Syndicate
InsurTech MIC Global has received "in-principle" approval from Lloyd's for the creation of MIC Global Insurance Syndicate 5183. UK-based MIC Global offers end-to-end digital micro insurance products, ...
How Downtime Insurance Became a Thing
A single hour of downtime from mission-critical, third-party IT service providers can cost small and medium-sized enterprises tens of thousands of dollars, but traditional insurance often does not ...
Beazley Partners With InsurTech Gaia to Offer Coverage for IVF Treatment
Lloyd's insurer Beazley is partnering with InsurTech Gaia to offer a new solution for individuals undertaking in vitro fertilization (IVF) treatment. The health-focused InsurTech has been working ...
FT Partners: 2021 Most Active Year for Private Company InsurTech Funding
FT Partners found in its recently published 2021 Annual InsurTech Almanac report that 2021 was the largest and most active year globally for private company InsurTech funding, with approximately ...
Parametric InsurTech Startup FloodFlash Raises $15M for International Expansion
FloodFlash, the UK parametric insurance technology company that pays catastrophic flood claims within 48 hours, announced a Series A capital raise of $15 million. The round was led by Chicago-based ...
Greenlight Re Innovations Gets Approval to Launch Lloyd’s Syndicate
Greenlight Re Innovations (GRI), part of Cayman Islands-headquartered Greenlight Capital Re Ltd., has received "in-principle" approval from Lloyd's to establish an InsurTech-focused syndicate. ...
Ascend Raises $30M Series A, Secures $250M Lending Commitment
Insurance payments platform Ascend raised $30 million in Series A equity funding, bringing its total funding raised to $39 million along with a $250 million lending commitment to finance insurance ...
InsurTech Descartes Underwriting Raises $120M to Expand Parametric Product Offering
Descartes Underwriting, the InsurTech company that specializes in parametric natural catastrophe products, has announced a $120 million Series B funding round. Growth equity firm Highland Europe is ...