Thursday, March 28, 2024

Health insurance startup Oscar has $45m loss in three states

Oscar Insurance, the Silicon Valley-backed health-care startup, continued to lose tens of millions of dollars in the third quarter as the company exits some markets. Read more: www.bloomberg.com

One fifth of Insurance business could go to Tech start-ups

Global insurers are anticipating the loss of a substantial share of their existing business to standalone technology companies over the next five years. Read more: www.out-law.com

Zenefits reaches a $7m settlement with California

This California settlement will be a milestone for the company as it lets the insurance startup do business once again in its home turf. Read more: www.fintechranking.com

VC and traditional insurer interest in InsurTech remains high

Even though venture capital investments in venture capital-backed FinTech companies fell interest in InsurTech startups continues to pick up steam, a new report reveals. Read more: insurtechnews.com

A simple way to profit from the InsurTech boom

Image source InsurTech is booming. Or at least a lot of investors think it will boom soon as demonstrated by how much money they are investing. Read more: bankinnovation.net

LeaseLock grabs $1m for rent payment insurance

Rent payment insurance startup LeaseLock has raised $1m in a Seed round led by American Family Ventures, the venture arm of American Family Insurance. Read more: www.fintechroundup.com

Insurtech: adapting to a new way of looking at insurance

Life- and health-related insurtech startups are entering the insurance marketplace. Read more: www.lifehealthpro.com

Ensuring a faster insurance payment?

Waiting on an insurance payment, for those in a tough spot, can be like watching grass grow while face-down in the grass. Read more: www.pymnts.com

Tech to complement not replace insurance

InsurTech is moving from a ‘buzzword’ into the real world but it will help complement the existing industry rather than replace it. Read more: www.insurancebusinessonline.com.au

UpGuard locks down $17m for cybersecurity insurance

Australian insurance firm IAG has invested in Sydney-founded cybersecurity firm UpGuard’s $17m Series B round.

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