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.