insurance - FinTecBuzz

Kin Secures $145 Mn in Debt Financing to Fuel Continued Growth

October 31, 20224 min

Kin, the direct-to-consumer home insurance company built for every new normal, today announced the closing of a $145 million committed credit facility. The new facility, which was led by Runway Growth Capital LLC (“Runway”) and the Avenue Venture Opportunities Fund, L.P. (“Avenue Venture Debt Fund” or “Avenue”), provides Kin with additional capital to support the expansion of the Kin Interinsurance Network, a reciprocal exchange. Runway and Avenue were joined by Aquarian Investments, Group 1001, funds...

by PRNewswire

Insurance

Trawick International Wins 2022 ITIJ Award

October 31, 20225 min

Trawick International, an industry-leading international insurance company, today announced that it is the recipient of the 2022 ITIJ Award for Travel Insurance Product Innovation of the Year. The award-winning innovation is focused on high-altitude climbers and can be found in Trawick International’s SafeTreker, an adventure travel insurance plan that covers more than 500 sports and activities. The plan provides an extra layer of protection to climbers and the underwriters who take on the risk of...

by PRNewswire

Insurance

Newfront Taps Greg Kaplan, CFA to Lead Retirement Team

October 28, 20224 min

Newfront, the tech-driven insurance brokerage based in San Francisco, announced that former Microsoft leader Greg Kaplan, CFA will serve as Senior Vice President over its award-winning Retirement Services team. Greg joins from Specialized Bicycle Components, an innovative bicycle manufacturer, where he was head of Strategic Finance and Operations. He brings 15 years of experience in the financial industry. “Greg is known for blazing trails and disrupting the status quo,” said Brian Hetherington, President at Newfront. “His ability to...

by PRNewswire

Insurance

Branch Adds Term Life Insurance

October 27, 20225 min

Life insurance gives Branch another line to offer alongside home, auto, renters and umbrella insurance

by Asaf Darash

Guest Articles

Beyond the Transaction: Software for a Service-Based Economy

October 27, 202211 min

Service-based businesses make up a huge portion of our economy. What drives these businesses to stay ahead in the tech-savvy world?

by BusinessWire

Insurance

CCC and Sfara Help Insurers Connect Accident Data to Claims

October 25, 20224 min

Sfara Joins the CCC Network, Offering Insurers Real-Time Access to Mobile Crash Detection Data Designed to Accelerate Claims Outcomes Beginning at FNOL

by PRNewswire

Insurance

Ascend Partners With Veruna

October 21, 20225 min

Today, Ascend, the first modern insurance payments platform, announced that they will be integrating their payments and premium financing solution with Veruna, developer of the insurance industry’s leading technology solution for independent agents. Ascend is the first modern insurance payments platform that provides automated, all-in-one financing, collections, and payables. Veruna’s innovative technology couples the unmatched customer relationship management (CRM) capabilities of Salesforce with functionality explicitly tailored to the insurance industry, enabling exceptional mobility, flexibility, customization, and ease...

by PRNewswire

Insurance

Radius Announces Wellness Partnership with Stride

October 20, 20224 min

Radius, the rapidly growing, vertically integrated tech brokerage — today announced the addition of Stride Health to both its brokerage and corporate partnerships programs. Stride is the leading provider of health, dental, vision and life insurance options to independent workers. Almost a quarter of real estate agents do not have health insurance, as it can be complex, time-consuming and expensive. Through this partnership with Stride, Radius prioritizes the wellness of its agents by providing easy access...

by PRNewswire

Insurance

Stout Acquires The Claro Group, LLC

October 20, 20224 min

Stout announced the acquisition of The Claro Group, LLC (“Claro”), one of the top privately owned financial, economic, and management consulting firms in the nation. Since 2005, Claro has helped executives and management teams analyze, control, and resolve difficult business challenges related to high-stakes litigation, insurance claims, corporate recovery, and other economic and financial matters. Stout is pleased to welcome Claro’s team of 92 professionals to the firm, led by its Chairman John Cadarette, who was named...

by PRNewswire

Insurance

Insurtech Otonomi Raises $3.4M to Build a Parametric Cargo Platform

October 19, 20225 min

Lately, hindering inflation, recession risk and global logistics crisis has been all the rage in chatter. Nearly $10 Billion of estimated losses have been caused by supply chain disruption. Yet, the outlook for freight companies and insurers to get themselves out of their current trough remains bleak. In a markedly different tone, Otonomi’s CEO Yann Barbarroux has strong ideas about the future of the logistics tech sector. With his Co-founder and CTO Jeremy Sutton, he founded Otonomi in 2020, a Brooklyn-based tech-enabled insurance...

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