InsurTech
To Bundle or Not: Kin Now Offers Auto and Home Insurance in Florida, Texas
Kin, a direct-to-consumer digital personal lines insurer, announced the launch of auto insurance in Florida and Texas. The auto insurance is currently available as part of a bundle or as a standalone ...
Satellite Startup ICEYE Raises Funds at $2.8 Billion Valuation as Europe Boosts Defense
ICEYE, a Finnish satellite developer with a number of defense contracts, has raised money at a €2.4 billion ($2.8 billion) valuation, capitalizing on the military spending boom across Europe. ...
Has InsurTech Funding Found a Floor?
Two separate reports published this month show that while quarterly InsurTech deal counts have plummeted from heights attained in 2021 and 2022, dollar levels invested in InsurTechs have stabilized ...
Trucking App Trucker Path Launches Retail Insurance Agency
The company behind a trucking navigation app has launched its own insurance agency. Earlier this month, Trucker Path announced the launch of its in-house, digitally enabled retail agency focused ...
Bold Penguin Acquires SquareRisk to Expand Specialty, E&S Access
InsurTech Bold Penguin said it has acquired SquareRisk, a digital, artificial intelligence-enabled wholesale insurance marketplace. Bold Penguin said users of its quoting software will now have ...
FurtherAI Raises $25M to Alleviate Insurance Industry’s ‘Busywork’ Burden
San Francisco-based insurance AI start up FurtherAI announced a $25 million Series A funding round led by Andreessen Horowitz to improve insurance workflows through AI. Claiming that those who run ...
Is This Claim Covered? Lawyer-Built AI Drafts Coverage Letters in Minutes
Dan Schuleman, the co-founder and chief executive officer of Qumis, unhappily remembers a time when he worked as outside coverage counsel for an insurance company ...
Insurance AI Pilots Without a Framework Are Risky Business
The insurance landscape is complex for many reasons. There are a multitude of products, riders and needs. Insurance is sold through four channels: company-tied agents (captive), multi-carrier brokers ...