InsurTech: A challenge to and opportunity for insurers
The insurance industry has remained much the same for more than a century but technology pushes it to change. Read more: www.propertycasualty360.com
Buzzmove picks up $7.7m for property insurance
Buzzmove, a UK PropTech and insurance startup, has raised a fresh £6m ($7.7m) in a sizable seed funding round led by White Mountains Insurance Group.
UpGuard locks down $17m for cybersecurity insurance
Australian insurance firm IAG has invested in Sydney-founded cybersecurity firm UpGuard’s $17m Series B round.
Inzura introduces new digital InsurTech platform
Inzura, a digital insurance technology provider, has launched a digital insurance platform, which it claims will accelerate the digitalisation of the industry. Read more: www.intelligentinsurer.com
Ageas launches ‘tinder style’ InsurTech app
The Back Me Up app targets millennials and enables them to insure three items, such as a phone, for £15 per month. Read more: www.insuranceage.co.uk
Insurtech startup Quilt raises $3.25M
Quilt, a Boston, MA-based insurtech startup focused on renters, raised $3.25m in seed funding. Read more: www.finsmes.com
Insurance companies slow in bridging FinTech gap
Many acknowledge the threats and the opportunities of the fintech sector but are slow to respond in time. Read More: www.livemint.com
Finstar expands senior FinTech team with Timko hire
Finstar Financial Group has further expanded its fintech and financial services investment program with the hire of Eugene Timko.v
McKinsey weighs blockchain’s impact on insurance industry
McKinsey & Company reports on how insurance companies might be able to capitalize on blockchain, and where are the current limits of the technology. Read More: www.coindesk.com
German InsurTech company Finanzchef24 raises €4m in VC-backed round
Munich-based Finanzchef24, the first digital insurance broker for entrepreneurs and companies in Germany, has raised €4m in a Grenke Bank-led round.
Existing backers venture capital...