Building an on-demand insurance solution which provides a service rather than a ‘contract’ is how the space will evolve, according to a panel at the Global InsurTech Summit 2019.
Auto InsurTech platform Root Insurance has collected $51m in its Series C funding round led by Redpoint Ventures.
Buckle, which claims to be reinventing the insurance model for the gig economy, has bagged $31m in its Series A round.
Insurance CRM provider Zipari has secured $7m in a Series A round led by Vertical Venture Partners.
The coronavirus has transformed businesses in a very short time, but could also provide insurers with an opportunity to rethink their old ways of estimating risks.
Fenris Digital, a software and analytics company, has bagged $1.7m in its seed funding round.
Verisk, a data analytics platform, has parented with the legal analytics solution CourtSideTM to help insurers get access to court decisions.
Digital agency Covered Insurance Solutions has received a strategic investment from Radian Group, a provider of mortgage insurance and other related services.
Digital insurance platform Zego is now offerings customers who have been forced to self-isolate due to coronavirus with up to 14 days of free cover.
DealerPolicy, an insurance solution for car dealers, has partnered with automotive group Herb Chambers to offers insurance quotes.