InsurTech News
Big Hire: InsurTech Wefox Chooses Ex-Zurich Exec Huber for Leadership Role
The InsurTech Wefox has hired on a former high-level Zurich executive in a key role, three months after raising a record $650 million in new financing. Peter Huber, formerly CEO of Zurich ...
Digital Property Claims Marketplace Startup Wins ACORD’s InsurTech Innovation Challenge
ACORD, the global standards-setting body for the insurance industry, picked the startup handdii as the winner of its 2021 ACORD InsurTech Innovation Challenge New York. The winner is a digital ...
Cowbell Cyber Debuts Cyber Risk Exchange Marketplace
Cowbell Cyber is launching what it bills as the first-of-its-kind cyber risk exchange marketplace. The marketplace, dubbed Cowbell Rx, is designed to close insurability gaps by providing cyber ...
Cyber Reinsurance MGA Envelop Risk Attracts $130M Infusion to Fuel Global Growth Plans
Envelop Risk, the UK-based cyber insurance/ reinsurance managing general agent, announced a Series B investment of $130 million, led by SoftBank Vision Fund 2. The financing will help Envelop Risk ...
InsurTech Five Sigma Raises $12M for Cloud-Based Claims Platform Expansion
Israel's Five Sigma raised $12 million to accelerate growth and expansion of its cloud-based claims platform. The investment firm 83North led the Series A round, which also included existing ...
Digital Business Insurance MGA Vouch Pulls in $90M Investment; Partners With SiriusPoint
Vouch, a digital business insurance platform for startups, has closed on a $90 million round of financing, with plans to use the investment for new products and embedded insurance for its various ...
Jetty Raises $23M, Launches Product to Help Renters Cover Monthly Payments
Jetty has raised $23 million in additional venture capital and launched a new product that helps renters cover their monthly payments. Jetty's Jetty Rent coverage will pay rent on behalf of renters ...
Digital Auto Insurer Marshmallow Is One of First Black-Founded UK Unicorns
Digital motor insurer Marshmallow has raised $85 million from investors, valuing it at more than $1.25 billion and making it one of the first British Black-founded unicorns, the company said on ...