We regularly curate the latest insights and reports provided by and in collaboration with our partners and stakeholders to create the largest platform for knowledge-sharing and development within the world’s insurance industry.
“Right now if a fleet has any type of blemish on their record, their rates go up 150 to 200%,” Cardiff says. “That’s untenable. Fleets can’t continue to survive that way, but we as a public still need and demand our goods to be transferred from one place to another…We want to be at the forefront of solving that.”
The new funds will be used to accelerate growth and add new functionality to the company’s claims management platform, as well as to make key hires across engineering and sales teams.
Pie Insurance has pulled in $118 million in new funding, with the workers compensation provider attracting financing from Allianz and others.
The past six to twelve months in insurance have seen a historic level of activity for mergers and acquisitions, new investments, and public offerings. It seems like every type of entity in the insurance world has been swept up in this trend.
Insuretech startup Counterpart, has raised $10 million in funding led by Valor Equity Partners. Also participating was Susa Ventures and Felicis Ventures. Counterpart works in the ‘management liability’ insurance market. Counterpart will also partner with Markel Specialty, a specialty insurance division of Markel Corporation, to offer its management liability insurance products.
The Germany-based insurtech is expected to close the massive funding round next month to hit a $2 billion valuation, per Sky News.
The Berlin-based startup has recently hired Goldman Sachs as it tries to close out a Series C.
Asteya’s vision is to reimagine disability insurance, starting with flexible support and plans for individuals like gig economy workers
Gravie, the pioneer of defined contribution healthcare, today announced that they have raised $28 million in a Series D round of financing led by AXA Venture Partners (AVP), with participation from existing investors FirstMark Capital, Split Rock Ventures and Revelation Partners.
The investment in PasarPolis is the first IFC has made in the insurtech sector in Indonesia, where insurance penetration rate remains low
Please feel free to send us an email
news@insurtechinsights.com
