InsurTech
HELIXintel Secures Series A to Expand in Building Management Industry
HELIXintel, a platform providing building management, predictive analytics, and equipment management, has concluded a series A funding round. National Grid Partners, the corporate venture and ...
Vortex Insurance Offers Supplemental Hurricane Coverage for Businesses
Vortex Insurance launched a new insurance program giving businesses the ability to purchase supplemental hurricane insurance for areas of the U.S. threatened by hurricanes. Unlike traditional ...
InsurTech Thinksurance Raises $24M in Latest Funding Round
Thinksurance, a Frankfurt, Germany-headquartered InsurTech specializing in digital insurance consultations for commercial and industrial clients in Europe, has raised $24 million in new funding. The ...
Driver Technologies Closes $6M Strategic Funding Round
Driver Technologies Inc., an AI-based mobility tech company, announced the closing of a $6 million strategic funding round led by New York-based investment firm, IA Capital, and CT Innovations, the ...
Branch CEO Lekas Announces Layoffs, Citing Inflation, Loss Costs
Branch Insurance has conducted a round of layoffs, according to a June 8 LinkedIn post by Co-Founder and CEO Steve Lekas. Lekas did not announce the number of employees who were let go, but cited ...
SageSure Secures $250M in Equity Financing from Amwins, Flexpoint
SageSure, an independent managing general underwriter focused on providing catastrophe-exposed property insurance, announced the close of a $250 million equity investment led by Amwins and Flexpoint ...
InsurTechs Need to Prioritize Data, Resilience to Tackle Climate Challenges
Swiss Re estimated in its latest sigma report that in 2021, natural catastrophes resulted in total global economic losses of $270 billion. The level of insurance coverage for these climate related ...
InsurTechs: Disrupters, Partners or Both?
Whether InsurTechs should disrupt legacy systems in insurance with new technology or simply partner with insurers to introduce new efficiencies to existing technology is ...
Fired Root CMO Accused of Stealing Millions Spends ‘Lavishly’; Judge Appoints Receiver
According to court records, Root Inc's former chief marketing officer — accused of stealing about $10 million from the company — has not made court appearances, spent money in violation of ...