Category : InsurTech

InsurTech News

Industry Veteran Joe Strickland Joins FutureProof as Head of Underwriting

Fintech News Desk
by Fintech News Desk0
Climate-smart P&C insurtech FutureProof announced that Joseph Strickland has joined the company as Head of Underwriting. Backed by Axis Digital Ventures as well as MS&AD Ventures, FutureProof has raised nearly $10M in venture funding and will enter the market later this year, offering Florida E&S homeowners insurance quotes through its......
InsurTech News

Ascend Partners with Independent Insurance Agents of North Carolina As The Preferred Payments & Financing Platform For Their Independent Agency Channel

Fintech News Desk
by Fintech News Desk0
Ascend, a modern insurance payments platform, announced a partnership with Independent Insurance Agents of North Carolina (IIANC), which has named Ascend as its preferred premium payments company for its members. Latest Fintech News: SAS is a Leader in Anti-Money laundering, Says Research Firm Report Ascend is the first modern insurance payments platform that provides automated......
InsurTech News

Legacy Insurance and Financial Services Partners with Integrity to Elevate Agent Opportunities

Fintech News Desk
by Fintech News Desk0
Legacy’s strong track record of service and support will be greatly enhanced by Integrity’s proprietary platform of systems and resources designed to help agents serve more Americans Integrity Marketing Group, LLC a leading distributor of life and health insurance, and provider of wealth management and retirement planning solutions, today announced......
InsurTech News

Stable Launches Driver-Focused Insurance to Protect and Empower Rideshare Vehicle Owners

Fintech News Desk
by Fintech News Desk0
Now offering insurance coverage in Illinois with plans to expand into additional states and product lines Stable, a new insurtech company built specifically for rideshare drivers and fleets, announced that it has launched its first insurance product for owner operators – drivers who own vehicles that they drive on rideshare networks like......
InsurTech News

Kalepa Launches Potent Combination of AI and Expert Underwriting to Provide Much-Needed Excess Capacity in the Small to Middle Market Space

Fintech News Desk
by Fintech News Desk0
Kalepa Insurance Services (KIS) focuses on excess casualty coverage across a broad spectrum of industries. Kalepa Corporation is pleased to announce the launch of Kalepa Insurance Services (KIS), an insurance offering with capacity through a program partnership with specialty insurer Everspan Group, Rated “A-” by AM Best. With the program,......
InsurTech News

Reliance Global Group Launches RELI Exchange; Highly Scalable InsurTech Platform Expected to Accelerate Growth of Agency Partner Network

Fintech News Desk
by Fintech News Desk0
Provides New Tools for Independent Agents and Agency Partners to Increase Sales and Reduce Back Office Expenses Reliance Global Group, Inc. which combines artificial intelligence (AI) and cloud-based technologies with the personalized experience of a traditional insurance agency, announces the launch of RELI Exchange, a business-to-business (B2B) InsurTech platform and agency partner......
InsurTech News

Coalition Closes $250 Million in Series F Funding, Valuing The Cyber Insurance Provider At $5 Billion

Fintech News Desk
by Fintech News Desk0
Funding from Allianz X, Valor Equity Partners, Kinetic Partners, and existing investors will accelerate Coalition’s vision to provide security for all Coalition, the world’s first Active Insurance company designed to prevent digital risk before it strikes, announced it has raised an additional $250 million to accelerate its rapid growth, power......
InsurTech News

InsurTech Fund Opens Applications for Digital MGA Lab

Fintech News Desk
by Fintech News Desk0
InsurTech Fund, a venture capital fund associated with InsurTech NY, announced that it will be accepting applications for its first Digital MGA Lab. Applications will be accepted from July 7th through July 27th. The application is available through the InsurTech Fund website. The program is designed for digital brokers, analytics startups,......
InsurTech News

WSFS Announces Sale of BMT Insurance Advisors to Patriot Growth Insurance Services, LLC

Fintech News Desk
by Fintech News Desk0
WSFS Financial Corporation announced it sold the business of BMT Insurance Advisors (BMTIA), an independent insurance brokerage and risk management consulting firm throughout the United States that builds custom insurance solutions for consumers and businesses, to Patriot Growth Insurance Services, LLC (Patriot). The deal includes an offer of continuing employment......
InsurTech News

AM Best Withdraws Credit Ratings of Capacity Insurance Company

Fintech News Desk
by Fintech News Desk0
AM Best has downgraded the Financial Strength Rating to C++ (Marginal) from B (Fair) and the Long-Term Issuer Credit Rating to “b” (Marginal) from “bb+” (Fair) of Capacity Insurance Company (Capacity) (Sunrise, FL). The outlook of these Credit Ratings (ratings) is negative. Concurrently, AM Best has withdrawn these ratings as the......
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