InsurTech
Lemonade Books Q1 Net Income Loss But Sees Progress
InsurTech Lemonade followed 2023—"the year when the plan came together"—with a first quarter 2024 net loss of $47.3 million. The result is about 28 percent better than the same time a year ago ...
Personal Auto Insurance Competition Heating Up, Root Execs Say
Personal lines InsurTech Root reported its first-ever quarter of operating profit and first-ever gross combined ratio below 100 for first-quarter 2024 while more than doubling gross written premiums ...
ICEYE Announces Agreement for $93M Growth Funding Round
ICEYE, a provider of synthetic aperture radar satellite operations for Earth Observation, persistent monitoring, and natural catastrophe solutions, announced that a definitive agreement was signed ...
InsurTech Profile: Optimalex’s AI Tools ‘Co-Pilot’ Alongside Human Expertise
For Frank Giaoui, processing insurance claims efficiently isn't just a part of his business, it's personal. "It's actually an unfortunate experience that brought me into the insurance space where I ...
Novidea Secures Additional $30M, Bringing Total Series C to $80M
Novidea, a creator of a cloud-based, data-driven enterprise insurance management platform, announced it has raised an additional $30 million from HarbourVest Partners, bringing its total Series C ...
InsurTech Neural Earth Secures $1.4M in Pre-Seed Funding
Neural Earth, a provider of artificial intelligence data analytics for property/casualty insurance, announced the close of its oversubscribed $1.4 million pre-seed funding round. The tech company ...
AI Gun Detection InsurTech ZeroEyes Selected for Lloyd’s Lab
ZeroEyes, the creators of an artificial intelligence-based gun detection video analytics platform, announced that it has been selected for the Lloyd's Lab Accelerator program. The company was ...
Small Business InsurTech Coterie Announces $27M Funding Round
Coterie, an InsurTech managing general agent focused on small business insurance, announced a raise of $27 million in new capital investment. The oversubscribed round includes new investment from ...