InsurTech
CoverForce Announces Product Suite Following Last Year’s $5M Seed Round
CoverForce, an independent insurance platform bringing comparisons and one-click buying to commercial insurance, unveiled its suite of products made for agency networks, wholesalers, and software ...
Lemonade Expects to Be in the Black Within Three Years
While Lemonade is still burning cash and reported a net loss on the bottom line of its third-quarter income statement, the InsurTech expects both situations to reverse by year-end 2026. The cash ...
Allianz X, Allstate Fund NEXT Insurance’s $265M Financing Round
The digital investments arm of global insurer and asset manager Allianz Group, Allianz X, announced an investment in NEXT Insurance, a small business insurer in the United States, to accelerate ...
InsurTech Hippo Lays Off 20% of Employees
InsurTech Hippo Holdings said it has "initiated an organizational realignment" by laying off about 120 employees, or 20 percent of its workforce.
Canopy Connect Raises $6.5M in Series A Funding Round
Canopy Connect, a platform for collecting, verifying, and monitoring insurance information, announced it closed a $6.5M series A funding round to accelerate growth and increase product velocity. ...
Submarines to Solutions: Navy Vet Brings Expertise to Insurance
Growing up, the military was always in the background of John Spencer's life. His father served in the U.S. Marines. A U.S. Air Force loomed near his hometown of Fairborn, Ohio. And though enlisting ...
Executive View: Why Automation is the Key to Cyber Insurance Market Growth
Cyber threats pose a more direct risk to businesses than ever before. Globally, cyber attacks rose 7 percent in the first quarter of 2023, and Cybersecurity Ventures predicts ransomware will cost ...
Digital Drone Insurers Flying Together: SkyWatch Acquires DroneInsurance.com Assets
SkyWatch, a specialty InsurTech focused on digital insurance for the aviation industry, announced the acquisition of the assets of DroneInsurance.com from REIN yesterday. Financial terms of the deal ...
Homeowners InsurTech Openly Raises $100M in Series D
Homeowners InsurTech Openly announced it has raised $100 million in Series D funding. The round was led by Eden Global Partners, a financial institution specializing in providing long term capital ...