Category : InsurTech

InsurTech News

Obie Raises $25 Million in Series B Funding Round to Expand Innovative Embedded Insurance Technology

Business Wire
by Business Wire0
In a sign of momentum, Obie secures a second round of funding, showing investor confidence in embedded insurance solutions for real estate investors Obie, an industry-leading insurtech startup, announced that it has raised $25.5 million in a Series B funding round led by Battery Ventures, with participation from Brick and......
InsurTech News

wefox Secures $110m With $55 Million Credit Facility From J.P. Morgan and Barclays

Business Wire
by Business Wire0
wefox raises a total of US$110m J.P. Morgan and Barclays provides $55m in a revolving credit facility Additional $55m in equity was raised from existing and new investors as a second closing of the Series D from new and existing investors at $4.5bn valuation New funding underlines strength of wefox......
Fintech InsurTech News

Socotra Connected Core, the First Insurance Policy Core Platform Available in AWS Marketplace

Fintech News Desk
by Fintech News Desk0
Socotra’s Leading Modern Insurance Core Platform can help insurance customers accelerate speed to market and bring innovation to their customer offerings Socotra,  announced availability of their insurance policy core platform Connected Core in AWS Marketplace. This move will make it easier for insurers to adopt the platform, resulting in faster......
InsurTech News

VIU by HUB Partners with Gonzaga University to Bring Digital Personal Insurance Brokerage to Alumni

PR Newswire
by PR Newswire0
The partnership simplifies the personal insurance journey for Gonzaga University alumni and offers an additional way for “Zags” to contribute to their alma mater VIU by HUB (VIU), a digital insurance brokerage platform, announced a partnership with Gonzaga University (GU) to provide alumni (Zags) with the opportunity to shop for and buy personal insurance......
InsurTech News

weSure Digital Expands to Michigan with its Innovative BOP Insurance Offering for Small Businesses

GlobeNewswire
by GlobeNewswire0
The US subsidiary of the weSure Group strengthens its distribution leadership team alongside its entry into a second State with its fully digital Small Commercial Insurance product WeSure Digital Insurance Services, Inc., the US Managing General Agency (MGA) subsidiary of the international publicly traded insurance and technology group WeSure Global Tech......
InsurTech News

Federal Life Partners with Swiss Re and Leading Insurtech Company to Bring a New Digital-First Insurance Solution to Market

GlobeNewswire
by GlobeNewswire0
The LifeStage product reflects Federal Life’s commitment to innovating in the later life insurance sector Federal Life Insurance Company has partnered with global reinsurer Swiss Re and Reframe Financial, a leading insurtech company, to offer “Reframe LifeStage” – a new kind of insurance plan designed for millennial and Gen X employees that provides a......
InsurTech News

Vymo Joins the LIMRA Roster to Empower the Insurance Community

PR Newswire
by PR Newswire0
Through the membership, Vymo will help insurers understand emerging distribution trends and challenges to help navigate the shifting business landscape Vymo, the leading Sales Engagement Platform for Insurance, has announced its membership with LIMRA, the largest trade association supporting the insurance and related financial services industry. Despite carriers investing millions of......
Artificial Intelligence InsurTech News

Western Skies MGU Leverages Gradient AI to Grow its SMB Stop-Loss Insurance Market Share

Business Wire
by Business Wire0
Rich Medical Data Lake and Predictive Analytics Capabilities of Gradient AI’s SAIL Solution Enable Western Skies to Tap into New Markets Gradient AI, a one of the fastest growing Artificial Intelligence (AI) insurtechs in the industry, announced that Western Skies, a managing general underwriter (MGU), is using Gradient AI’s SAIL™ solution......
Finance InsurTech News

Hub International Strengthens Capabilities for Financial Institutions with Red Rock Financial

PR Newswire
by PR Newswire0
HUB International Limited (Hub), a leading full-service global insurance brokerage and financial services firm, announced that it has acquired the assets of Red Rock Financial, Inc. Red Rock Financial has been providing specialty insurance products and services to financial institutions nationwide since 2004. Their industry focus and deep expertise in this......
InsurTech News

ATMECS Global Partners with Insurity to Rapidly Implement Cloud-Based Solutions to Major P&C Carriers

Business Wire
by Business Wire0
ATMECS Global Inc.’s extensive insurance domain knowledge will help P&C insurers rapidly and reliably implement Insurity’s software under-budget and on-time across multiple lines of business Insurity, the leading provider of cloud-based software for insurance carriers, brokers, and MGAs, today announced its partnership with ATMECS Global Inc. to accelerate cloud-based software......
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