Latest Startups Headlines
All the headlines from our Startups Topic Page, ordered by recency.
Startup Branch Starts Reciprocal Exchange for Personal Lines Insurance
Aug 25 2020 // Columbus, Ohio-headquartered personal lines insurance startup Branch has launched the Branch Insurance Exchange that it says will reduce the cost for its members. Branch formerly operated as a managing general...
Investors Back Startups for Commercial Auto, Climate Risk, High Risk Homes
Aug 24 2020 // An insurtech managing general agency focused on commercial auto insurance has raised $16 million in new Series A financing, a climate-risk related platform has $4.2 million in new seed financing, and a home insurance...
Investors Back Startups for Commercial Auto, Climate Risk, High Risk Homes
Aug 14 2020 // An insurtech managing general agency focused on commercial auto insurance has raised $16 million in new Series A financing, a climate-risk related platform has $4.2 million in new seed financing, and a home insurance...
Not Every Insurtech Is a Startup: How Swiss Re Delivers Tech Solutions
Aug 14 2020 // It’s not just insurtech startups that have an edge on innovation. Some established reinsurers have developed their own analytics and technology divisions that offer a variety of insurtech-type solutions for...
The Future of Insurance Industry Will Not Be Decided by Insurtechs Alone: Viewpoint
Aug 6 2020 // Insurtech was once the Wild West of the insurance industry. Many of insurtech’s early players came from outside insurance after observing the industry struggle to deliver what was, in their view, a competitive...
CoverWallet Launches Digital Management Liability Package for VC-Backed Startups
Aug 3 2020 // CoverWallet, an Aon company and digital insurance platform for businesses, has launched a digital insurance product for venture capital (VC)-backed startups. The new management liability package offers VC-backed startups...
UK Insurtech Startup battleface Offers COVID-19 Travel Insurance Package
Jul 21 2020 // Travel insurance provider battleface announced a new COVID-19 travel insurance package. The new policy will give travelers the peace of mind they have been looking for to venture out safely, including to countries...
SoftBank-Backed Indian Fintech Startup Seeks IPO Valuation of More Than $3.5B
Jul 20 2020 // Online insurance platform Policybazaar aims to go public in 2021 at a valuation north of $3.5 billion, potentially becoming the first of India’s mega-startups to debut as its digital economy booms. The startup plans...
The Class of 2020: Capital Raising for Existing Firms or Insurance Startups?
Jul 16 2020 // Even though accelerating hard market conditions may seem ideal for a growing crop of professionals with designs on starting up insurance and reinsurance companies, garnering AM Best ratings still won’t be easy for...
Insurance Startup Lemonade Increases Target Price Range for IPO
Jul 1 2020 // SoftBank Group Corp.-backed insurance startup Lemonade Inc on Wednesday increased the target range for its U.S. initial public offering, looking to raise up to $308 million at a market capitalization of $1.54 billion. The...
Orchid Insurance, Specialty Lines Startup CrossCover Form CAT-Focused MGU
Jun 26 2020 // Orchid Underwriters Agency, LLC, an independent managing general underwriters focused on catastrophe-exposed residential and commercial lines properties, has launched CrossCover Insurance Services, a new MGU that will...
Insurtechs Will Not Shape the Industry’s Future Alone
May 18 2020 // Insurtech was once the Wild West of the insurance industry. Many of Insurtech’s early players came from outside insurance after observing the industry struggle to deliver what was, in their view, a competitive...
AXA Ventures Leads $5M Investment in Cyber-Security Startup Hub Security
May 8 2020 // Hub Security, a startup that offers military-grade cyber-security solutions for fintech, cloud, blockchain and data storage, announced it has closed a $5 million Series A funding round led by AXA Ventures, with...
Q1 Insurtech Fundraising Drops 54% on COVID-19 Disruption: Willis Towers Watson
May 8 2020 // Overall funding for insurtech investments decreased by 54% during the first quarter as a result of the COVID-19 crisis, compared to a record high in Q1 last year, according to a report from Willis Towers...
Europe Needs Its Own Approach to Coronavirus Tracing, Say German Tech Startups
Apr 15 2020 // Europe should not cede its sovereignty to Silicon Valley when it comes to using technology to help trace those at risk of coronavirus infection, the German developers of a smartphone app said on Tuesday. Apple and Google...
Lloyd’s Picks 12 Insurtech Startups for Next Cohort of Its Innovation Lab
Apr 9 2020 // Lloyd’s has selected 12 insurtech startups to participate in its innovation accelerator, Lloyd’s Lab. The 12 teams were chosen out of more than 190 applications, received from across the world, for the fourth...
California Will Let Startup Nuro Test Driverless Delivery Vehicles
Apr 8 2020 // California’s Department of Motor Vehicles on Tuesday authorized autonomous technology startup Nuro to test two driverless delivery vehicles in nine cities, a decision that comes as coronavirus concerns lock down many...
Coronavirus Drives Patients to Online Doctors, Spurring Telemedicine Sector
Mar 13 2020 // The new coronavirus that’s forcing lockdowns and roiling economies is spurring a silent revolution in the field of telemedicine. As COVID-19 spreads across Europe, leaving new patients in its wake, the fear of...
InsurTech NY Announces Finalists for 2020 InsurTech Competition
Mar 5 2020 // InsurTech NY, an insurtech community in the New York metro area, has announced the finalists of its 2020 InsurTech Competition. More than 200 startups applied to compete in a two-track competition, pitting early and...
Agency M&As: Private Equity Still in Driver’s Seat; Digital Agencies Attract Attention
Mar 2 2020 // The private equity bandwagon continued to roll through the insurance agency and brokerage mergers and acquisitions territory in 2019. As many as two-thirds of all deals involved private equity, according to experts. Most...
