InsurTech
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 ...
Executives on the Move at Buckle, SiriusPoint, Corvus
Buckle, an InsurTech with a full-stack insurance-as-a-service platform for the gig economy, has announced three key leadership changes: Pedram Afshar has been named chief credit officer. He was ...Root Insurance Gets $300M Loan From BlackRock
Days after it announced it had to lay off 330 employees due to worsening loss costs, auto insurer Root Insurance has finalized a $300 million term loan from BlackRock Financial Management. The ...
What’s Next? ‘Adaptive Insurance’ for Small Biz, Says InsurTech CEO
Over the course of the last six years, Next Insurance has adapted its business model, its distribution method, and its product offerings. Coming up next, the InsurTech aims to offer "adaptive ...
Sayata Brings Total to $52M With Latest Raise in Funding Round
Sayata, a marketplace for insurance brokers and carriers, added $35 million to its latest funding round. The InsurTech previously raised $17 million five months ago, resulting in a total A round of ...