Category: Funding

Direct-to-consumer and fast-growing insurtech Kin Insurance coverage has now priced its debut Hestia Re Ltd. (Collection 2022-1) disaster bond issuance at a dimension of $175 million, with the coupon traders will obtain finalised on the top-end of preliminary steering.

Insoore plans to develop AI projects in damage detection, engage new talent and expand globally.

Swiss Re has successfully closed an innovative multi-year stop-loss transaction, with financing ultimately provided by J.P. Morgan and various institutional investors.

We’ve learned that direct-to-consumer and fast-growing insurtech Kin bolstered the surplus capital of its main carrier operating in Florida by $20 million in order to meet Demotech’s requirements for its rating affirmation recently.

Processing claims at scale presents a challenge for insurers, particularly where the claims entail factors like complex underlying health conditions.

Surance.io has recently completed a round of financing from Tech Mahindra that acquired 25% equity of the start-up with an option to invest in additional 20%. The initial investment is at the amount of US$ 4 million which will support the global expansion of the strong player in the InsurTech industry.

For any life insurer, future success means resonating with demographically diverse generations of new consumers where they live—and that’s increasingly in a digital world.

Digital life insurance platform Covr Financial Technologies has announced the completion of a Series B funding round.

InsurTech closes new round of funding aiming to bring auto insurance to the underserved Hispanic market.

Using AI and ML, Layr helps business owners get the right insurance faster, cheaper and easier.