InsurTech News
InsurTech Root Results Improve but Remain at a Net Loss
InsurTech Root Inc. posted a net loss for the fourth quarter 2023 of $24 million and a net loss for the year of $147.4 million. Results were improvements from net losses of about $58.3 million for ...
How VOOM Insurance Is Driving Change in the Mobility Space
Tomer Kashi is an InsurTech founder, a former software engineer and project manager within the cybersecurity division of the Israeli Prime Minister's Office, and a self-proclaimed "tech geek." He ...
InsurTech Wisedocs Closes $9.5M Series A Round
Wisedocs, a machine learning software-as-a-service for medical record review, indexing and summarization, closed $9.5 million in oversubscribed Series A financing. The Series A was led by Information ...
Small Business Focused InsurTech Rainbow Announces $12M Seed Round
Rainbow, a digitally-enabled managing general underwriter offering tailored small business insurance products, has announced $12 million raised in seed funding with participation from Caffeinated ...
Tech Bytes: New Partnerships at Loggerhead, FRISS, Blink Parametric
Insurance core technology provider Socotra announced that Loggerhead Insurance, a Florida-based provider of homeowners insurance coverage in the state, has struck a deal to offer replacement coverage ...
hyperexponential Raises $73M Series B to Expand Insurance Pricing Platform
hyperexponential, a provider of pricing decision intelligence software, announced the completion of its $73m Series B funding round led by global technology-focused investment firm, Battery Ventures. ...
Product Management Helped InsurTech CEO See ‘How All the Pieces Fit Together’
Thomas McGrath started his first business as a teenager. Back then, he'd purchase skateboards on eBay, slap on custom designs and resell them in bulk at local skate parks. The experience showed him ...
Tech Bytes: New Partnerships at Verisk, INSTANDA, bolttech
Verisk, a global data analytics and technology provider, has expanded its collaboration with the National Fire Protection Association to provide wildfire risk and mitigation data from its Firewise ...