Swedish insurtech Greater Than raises more than $16m

Swedish insurtech Greater Than has raised nearly SEK136m ($16.1m) through a directed share issue in a bid to support its growth. Cuarto, a subsidiary in the Nidoco group, subscribed the entire share issue. The insurtech plans to use the new proceeds to further scale-up its business and technology, and expedite revenue generation. Greater Than focuses Read More

Global insurtech funding reached $7.12 billion across 377 deals, the most in any year to date

Insurtech raised more funding in 2020 than ever before. Late-stage mega-rounds helped global insurtech funding reach $7.12 billion across 377 deals this year, and Life & Health insurtechs will further accelerate funding in 2021. Global insurtech funding reached $7.12 billion across 377 deals, the most in any year to date, per Willis Towers Watson (WTS). Total Read More

Insurance firms face pressure to improve the customer experience

Big Tech companies are breathing down the necks of insurance companies. Giants like Amazon, Apple and Google have upped their innovation games in recent years, setting the customer experience bar higher than ever with their data-centric, consumer-focused business models. Now, they’re using their insights to venture into the financial services sector, competing with insurers at Read More

COVID Accelerates Digital Disruption and Innovative Business Models in the Insurance sector

Changing risk landscapes and worsening loss ratios are shifting the role of insurance companies from risk mitigation to risk prevention. Additionally, the pandemic has put new pressures on business models. Newer risks, evolving customer expectations, and increased competition combined with business continuity challenges have made digital transformation a top priority for insurance carriers. Insurance companies Read More
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By Bits rolls out white-label usage-based insurance offering

This enables them to capitalize on the growing trend of UBI—especially during the pandemic. Insider Intelligence publishes hundreds of insights, charts, and forecasts on the Fintech industry with the Fintech Briefing. You can learn more about subscribing here. The UK-based insurtech, which operates a Software as a Service business model, has launched its white-label motor Read More

‘Self-pay’ insurtech startup Sidecar Health hits unicorn status with $125M Series C

The startup's app prices care using cash rates, while letting its members choose their preferred care by comparing the costs of their local providers. Price transparency and direct-payment insurance startup Sidecar Health has announced a $125 million Series C round led by Drive Capital. New investors BOND, Tiger Global and Menlo Ventures, as well as Read More