InsurTech
Allianz Commits $75 Million, Strategic Partnership to Hong Kong Fintech WeLab
Allianz's technology investment arm is committing $75 million to WeLab, a Hong Kong-based fintech focused on virtual banking, consumer financing and other related digital services. The deal also ...
Hippo to Go Public Through Reverse Merger Valuing Company at $5B
Hippo has become the latest InsurTech with plans to go public through a reverse merger transaction with a Special Purpose Acquisition Company. The startup – an MGA focused on digital homeowners ...
Next Insurance Will Acquire Digital Agency AP Intego
Digital commercial insurance company Next Insurance has agreed to acquire AP Intego, a Massachusetts-based digital insurance agency providing small commercial insurance products. Neither side ...
QOMPLX Eyes Global Growth After Planned Reverse Merger Deal
QOMPLX, an InsurTech focused on cyber security risk analytics, said it will become a public company in a reverse merger agreement and then acquire two other companies. The Virginia-based outfit ...
Florida’s TypTap Attracts $100M Investment to Fuel Flood Insurance Expansion
TypTap, a Florida-based InsurTech startup that writes private market homeowners and flood insurance, attracted $100 million in financing from investment firm Centerbridge Partners. Plans call for ...
Root Loses $363M in 2020, Will Accelerate Growth Plans in 2021
Root Inc.'s second earnings report as a public company reveals that the digital auto insurance startup continues to lose substantial amounts of money but it is generating substantial premium and ...
BrokerTech Ventures Announces 2021 Cohort Class for Accelerator
BrokerTech Ventures (BTV), the industry's first broker-led investor group and accelerator program, has selected 12 InsurTech startups to take part in its 2021 accelerator curriculum. Aclaimant in ...
Observers Give Mixed Reception to Chubb’s New Blink Digital Platform
Chubb is an old school P/C insurer touting its new Blink platform for consumers as an "easy, effortless and affordable" option "for digitally-savvy consumers." Interestingly, many InsurTechs use the ...