Insurtech | FinTecBuzz

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InsuranceVOOM Raises $15 Mn to Provide Usage-Based Insurance

October 5, 20215 min

Already the leading commercial drone insurance provider in North America, VOOM is expanding coverage to motorcycles, light aircraft, rideshare & delivery drivers VOOM, creators of innovative insurance products for underserved mobility segments, announced $15 million in funding today to expand its usage-based insurance model to additional mobility verticals. The funding round was co-led by JAL Ventures and UP.Partners, with the participation of F2 Capital, Arbor Ventures, Verizon Ventures, and ICON Continuity Fund and brings VOOM’s total funding...

by PRNewswire

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InsuranceInsurTech Leader Cover Whale Partners with Everspan

September 21, 20213 min

Cover Whale Insurance Solutions, Inc., an Insurtech focused on the commercial auto space, announces its partnership with Everspan Indemnity Insurance Company (“Everspan”), an excess and surplus lines insurer which is part of Everspan Group, a participatory fronting insurance group Rated A- (Excellent) by AM Best, to offer a Commercial Trucking Program. Cover Whale offers best-in-class underwriting and data tracking via its proprietary underwriting platform. The platform’s powerful use goes beyond the underwriting stage and into the...

by PRNewswire

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InsuranceInsurtech Leader iCover Raises Undisclosed Seed Funding

September 13, 20212 min

iCover, a Missouri-based Insurtech that provides an algorithmic underwriting Platform as a Service (paas) for life insurance companies, raised an undisclosed amount in seed funding. The company intends to use the funds raised to expand insurance distribution through a direct-to-consumer offering, increase technical staff and expand sales and marketing efforts. iCover also announced a multi-year partnership with KSKJ Life, headquartered in Joliet, IL, that allows iCover to onboard KSKJ Life’s full suite of products which includes Final...

by BusinessWire

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InsuranceWestern Wealth Communities Removes Costly Deposits

August 31, 20215 min

In six-month timespan, LeaseLock has more than doubled its leases insured, eclipsing $2 billion mark

by PRNewswire

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InsuranceInsurtech Carrot Reaches Strategic Collaboration

August 25, 20216 min

Both parties agree to cooperate in R&D and implementation of the SMART Safe Driving Platform for the citizens. The parties’ ultimate goal is to promote safe driving culture and reduce accident rate A fast-growing Insurtech Carrot General Insurance Corp. (“Carrot” or the “Company”) announced a memorandum of understanding (MoU) with Korea Expressway Corporation (KEC) to “co-develop a safe drive coaching platform for the drivers” in an effort to foster a culture of safe driving and...

by PRNewswire

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InsuranceBerwick Insurance Group Significantly Expands Technology

August 18, 20218 min

Joining the Integrity platform will help the Arizona-based IMO serve the needs of more Americans by providing innovative technology and resources to agents in all 50 states Integrity Marketing Group, LLC (“Integrity”), the nation’s largest independent distributor of life and health insurance products, today announced it has acquired Berwick Insurance Group (“Berwick Insurance”), an independent marketing organization (“IMO”) based in Tucson, Arizona. As part of the acquisition, Jim Berwick, CEO of Berwick Insurance, and David Berwick, COO of Berwick Insurance,...

by BusinessWire

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InsuranceInsurtech Startup Spot Announces $17.5 Million in Funding

July 29, 20215 min

Company’s Unique Distribution Model, Via Partnerships and Direct to Consumers, Makes Injury Insurance Coverage More Affordable and Convenient for Tens of Thousands of Customers, Including Pro Athletes Spot, the tech startup modernizing insurance by providing digital, on-demand injury insurance to tens of thousands of customers, today announced it has raised $17.5 million in funding, including $15 million in equity and $2.5 million in debt. The round was led by GreatPoint Ventures, with participation from Montage...

by BusinessWire

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InsuranceCloud Insurance Leader Majesco Appoints New CTO

June 2, 20214 min

Former Amazon Web Services and industry veteran brings cloud platform expertise and leadership to support Majesco SaaS platforms Majesco, a global leader of cloud insurance software solutions for insurance business transformation, today announced the hiring of Ravi Krishnan as Chief Technology Officer (CTO) to oversee the architectural and technical direction for all Majesco SaaS platforms. Adding Ravi to the team will help Majesco lead the insurance industry in the pursuit to modernize and optimize today’s...

by Bundeep Singh Rangar

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Guest ArticlesIt’s Time To Make Insurance Flexible Forever. Here’s How.

May 31, 202115 min

by PRNewswire

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InsuranceMike Fisher Joins Fast Growing Newfront Insurance

May 19, 20213 min

Newfront Insurance, a tech-enabled, full-service brokerage based in San Francisco, CA, has brought Mike Fisher on board as a Principal & Commercial Insurance Broker. Mr. Fisher joins Newfront from Goodman Insurance Services, where he spent the last seven years focusing on the Construction industry vertical. “We are extremely pleased to have Mike join the team,” said Raphael Parker, Newfront’s Chief Growth Officer. “Mr. Fisher brings to Newfront a wealth of experience, sound leadership, and a successful track record providing...

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