InsurTech
Lemonade Aftertaste: Will Reinsurers Keep Covering Unprofitable InsurTechs?
The IPO of Lemonade in July highlights the value of leveraging ample reinsurance to move from startup phase to a public company, which the online provider of renters insurance pulled off in a scant ...
Hippo Completes Acquisition of Spinnaker Insurance
Hippo, an InsurTech and managing general agent focused on home insurance, has completed its acquisition of Spinnaker Insurance Company, with an expansion into additional states next on its plate. The ...
The Latest Launches From Cowbell Cyber and Mercury Insurance
Cowbell Cyber said it has beefed up its signature insurance platform. Mercury Insurance is now offering New York and New Jersey homeowners an app that allows for touchless DIY inspection ...
Chinese InsurTech Waterdrop Raises $230M From Swiss Re, Others; U.S. IPO Planned
Chinese online insurance technology platform Waterdrop Inc has raised $230 million in a new funding round led by reinsurer Swiss Re and Chinese internet giant Tencent Holdings, it said on Thursday. ...
American Family Ventures’ New $213M Fund Seeks Early Stage InsurTech Startups
American Family Ventures has launched a new $213 million fund that invests in early stage InsurTech startups. "The insurance industry is embarking on profound transformation," AFV managing director ...
Lemonade Cites Q2 Progress, Though Investors Wanted More
Lemonade, an InsurTech focused on home, renters and now pet insurance, lost money in its 2020 second quarter, according to its first earnings disclosure as a public company. That's not a surprise, as ...
Duck Creek’s Nasdaq Debut Sees Shares Soar From IPO Start
Shares of Duck Creek Technologies Inc soared on their Nasdaq debut on Friday, after the software company serving the property and casualty insurance market raised $405 million in its upsized initial ...
Kin Raises $35M; Florida Home Insurance Carrier Pilot to Expand
Kin Insurance raised $35 million in new venture funding, attracting multiple investors including the investment arm of AAA Insurer CSAA Insurance Group. The Chicago-based home insurer focused on ...