insurtech 2019 News

AI-Driven MGA Clearcover Raises $43 Million; American Family Among Backers

American Family Insurance joined a new $43 million financing round for Clearcover, a managing general agent with an artificial intelligence-driven platform focused on car insurance. The Chicago-based insurtech startup said its Series B financing was led by Cox Enterprises. American …

ArgoGlobal and Italian Insurtech Firm Provide On-Demand Insurance for Gig Workers

ArgoGlobal Assicurazioni S.p.A, a subsidiary of specialty re/insurer Argo Group International Holdings Ltd., is working with insurtech startup Axieme to provide on-demand, pay-as-you-go insurance for temporary and short-term workers in Italy’s gig economy. How does the partnership work? Jobs first …

Singapore’s Grab Makes Foray into Insurance with Chubb as Provider: Opinion

After sending rival Uber Technologies Inc. packing from Singapore and other Southeast Asian markets, homegrown ride-hailing firm Grab Pte. has set itself a stiffer target. It wants to be a regional super-app. Think of it as a digital conglomerate that …

Allianz-Backed Fintech Startup N26 Raises New Funds for Push into U.S.

N26 GmbH, the German banking app that’s backed by billionaires Peter Thiel and Li Ka-shing, has raised new funds at a valuation of $2.7 billion, making the company one of Europe’s most valuable non-listed fintech startups. N26 received $300 million …