InsurTech
Root Raises $724.4M, an IPO Victory for the Auto Insurance Startup
Automobile insurance startup Root Inc sold shares in its initial public offering (IPO) on Tuesday at $27 apiece, above its target range, to raise $724.4 million, the company said. Root, which has ...
Huckleberry CEO: Digital Insurance Can Help SMB Customers Survive a Pandemic
Every small business has been hurt to some extent by the coronavirus pandemic. As the world of work slowly returns to normalcy, small businesses need to prepare themselves with the right insurance ...
InsurTechs Start Reaching Size and Capacity That Commands Insurance Industry Attention
The latest crop of InsurTechs began appearing in force around 2015, with promises to disrupt the insurance industry and change the world. Industry veterans have often taken those boasts with a grain ...
To Merge or Not to Merge: InsurTechs Must Increasingly Ask This Question
The drumbeat for InsurTechs to pursue a merger, acquisition or partnership is getting louder, with the number likely to substantially grow in the months ahead, an insurance industry expert believes. ...
Swiss Re CEO Mumenthaler: InsurTech ‘Disruption’ Overhyped, China Ahead of the Pack
InsurTechs used to launch insisting they were insurance industry disruptors bringing new ways to bypass traditional players in bringing coverage to consumers. In reality, Swiss Re Group CEO Christian ...
Broker Startup Newfront Raises $100 Million
Digital brokerage startup Newfront said it has raised more than $100 million in venture financing it will use to fuel business growth and product development. Founders Fund and Meritech Capital led ...
InsurTech Root Plans to Raise Up to $604M in IPO
Automobile insurance startup Root Inc said on Tuesday it plans to raise as much as $604.1 million in its initial public offering on the Nasdaq, the latest in a line of insurers looking to tap the ...
FinTech Innovation Lab New York Seeking Startups for 12-Week Program
The FinTech Innovation Lab New York is now accepting application for its 12-week program designed to help early-and growth-stage financial technology companies accelerate their development. The ...