insurtech
As a foreigner, navigating health insurance systems can often be difficult. German startup Feather thinks it has a solution and raised €6 million to help some of the 40-plus million…
After growing 500% year-over-year in the past year, Understory is now launching a product focused on the renewable energy sector.
When Itai Ben-Zaken’s first startup failed in 2018, the former BCG consultant and Wharton MBA spent months trying to understand what he could have done differently during the five years…
Rather than grimly assembling data about cancer deaths to predict outcomes in treatment, the founders of Cure51 had another idea.
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How a French health insurance unicorn plans to leverage AI to reach profitability
Alan’s meteoric rise in the French tech ecosystem has been both figurative and literal. A few years ago, the startup’s office was limited to one floor in a nondescript office building near the Canal Saint-Martin in Paris. Over time, the company added another floor, then another floor — now the…
This is Getsafe’s second acquisition in a few months, after it nabbed the German portfolio of ailing French insurtech company Luko.
Kenyan insurtech Lami Technologies in February last year announced its acquisition of Bluewave, another startup within the insurance space, to expand its product offerings and enable it to scale into…
Luko’s parent company, Demain ES, will be put for sale via a legal notice in the newspaper after Admiral abandoned ship.
Insurtech has had a rocky few years. Several startups in the space raised a lot of money and tried their luck on the public markets, but found that investors were…
Alexa Irish and Laura Speyer, now the co-CEOs of Catch, acquired the company in June after the original co-founders shuttered the company.
Nirvana Insurance — an insurance startup taking a new approach to insurance products for commercial fleets using artificial intelligence, telematics, internet-of-things technology and 15 billion miles of trucking data to…
French startup Orus has raised an $11.6 million Series A funding round (€11 million). The startup offers insurance products specifically designed for small and medium companies. Interestingly, today’s news comes…
Onsurity, an Indian startup that offers monthly subscription-based insurance solutions to micro, small and medium enterprises, startups and growing businesses, has raised $24 million in a funding round led by…
European digital insurtech startup Getsafe acquires Luko’s German portfolio, reaches 550,000 customers
Getsafe, a German-based digital insurtech startup, has acquired the German portfolio of Luko, a French insurtech startup that recently neared insolvency before agreeing to be acquired by British insurer Admiral…
French startup Stoïk offers a cyber insurance product to small and medium companies — a bit like Coalition in the U.S. And things have been working well in France. So the…
Lula, a startup which aims to be the “Stripe for insurance,” has raised $35.5 million in a Series B funding round after experiencing a massive surge in customers. When TechCrunch…
Africa’s insurance market is expected to grow at a compound annual growth rate (CAGR) of 7% between 2022 and 2028, reaching $120 billion. Though seemingly impressive, the insurance industry in…
When it comes to transforming business operations, artificial intelligence holds a lot of promise across many industries. Today, a startup that has been an early mover in the area of…
Amsterdam-based insurtech startup Insify has completed its Series A funding round with another €10 million ($10.7 million at today’s exchange rate). Overall, the startup has raised €25 million as part…
Spanish startup Life5 has raised its third funding round and has been growing nicely since my previous post. The company also has a new name — it used to be…
Welcome to The Interchange! If you received this in your inbox, thank you for signing up and your vote of confidence. If you’re reading this as a post on our site,…
Insurtech is persisting, stubbornly showing a few signs of life despite the carnage in the public markets.
Obie, a real estate-focused insurance technology company, has raised $25.5 million in a funding round led by Battery Ventures. Since the company’s last raise — a $10.4 million Series A…
Embedded insurtech is still hot, as the $196 million in funding landed by bolttech proves. The company, which started in Singapore but now has operations around the world, said it…
Wefox, the German insurtech startup, has closed a new funding round from existing investors. The funding amount isn’t going to impress anyone, as the company managed to secure $55 million.…
Axle allows users to connect their insurance account to trusted companies in seconds and then automates insurance verification.
How is the economy affecting insurance purchase decisions? Will this make B2B companies more appealing to VCs than their B2C peers?
Marketing teams get a lot of credit for landing new customers, but in reality, sales development representatives do most of the actual work.
Indian insurtech Acko is in late-stage discussions to secure $120 million in a funding round, a source told TechCrunch.
With inflation sparking an increase in the cost of repairs, labor and claims, fees for insurance are similarly spiking across the board. Car insurance premiums rose 13.7% nationally over the…
