Hippo snaps up another $350m as the InsurTech industry seems to be reaching new...

Hippo is having a great 2020, having officially secured its unicorn status this summer and it now bagging a $350m investment just as the InsurTech industry seems to be recovering from a previous slump.

Finantix to bolster platform through InCube acquisition

Financial services solution developer Finantix has acquired fellow software developer InCube for an undisclosed amount.

Synechron launches a selection of InsurTech accelerators

Synechron has launched a range of InsurTech Accelerator Programs to help develop various end-to-end solutions for insurance businesses.

Porsche partners with Mile Auto for pay-per-mile insurance

Porsche Financial Services, the leasing and financing provider of Porsche products, has partnered with Mile Auto for pay-per-mile insurance cover.

UK InsurTech industry gives the spring budget’s measures a lukewarm welcome

Rishi Sunak, the chancellor of the Exchequer, announced a string of new initiatives to boost the InsurTech and FinTech industry as part of his first spring budget.

Bow River Capital completes recapitalization of CHSI Technologies

Bow River Capital has completed the majority recapitalization of cloud-based insurance platform CHSI Technologies.

InsurTech Blueprint banks $16m, buys Southwest Land Title Insurance Company

Real estate company Blueprint Holding Co., a Nashville-based owner of InsurTech company Blueprint Title, raised $16m in Series B funding.

Hungarian InsurTech platform Netrisk.hu bought out by MCI Capital in €56.5m deal

Hungarian InsurTech platform Netrisk.hu has been bought up by private equity firm MCI Capital.

InsurTech platform Gravie nabs $14.1m Series C

InsurTech platform Gravie has nabbed $14.1m for its Series C investment round led by GE Ventures.

Renters insurance Canopy sells a 15% stake to Direct Line Insurance

Renters insurance solution Canopy has sold a 15 per cent stake of its company to Direct Line Insurance.

News Stories

UBS issued $500,000 fine from CFTC

The Commodity Futures Trading Commission (CFTC) has issued a $500,000 fine to UBS for alleged violations of audio recording regulations.

How onboarding is hindering client experience

A recent blogpost by MyDocSafe has detailed how the onboarding process within wealth management is impacting the client experience through its complexity.

ESMA publishes paper setting out plans to change MiFID II reporting requirements

The European Security and Markets Authority (ESMA) has invited firms to comment on its consultation paper seeking to make reporting requirements changes under MiFID II.

Hiro rebrands as it gears up for international expansion

Hiro, which aims to transform insurance into being prevention-first, has rebranded as Locket as it gears up for international growth.

Banking API provider M2P Fintech picks up $35m Series C

India-based M2P Fintech has secured $35m from a Series C funding round led by US investment firm Tiger Global.

See how insurance firms can use it to personalise their offering

Did you know that by 2025, almost 30% of all data created, captured, or replicated by consumer devices will be created in real-time.

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