PolicyBazaar has reportedly received an investment from Chinese technology firm Tencent, which values the InsurTech at $1.5bn.
German InsurTech platform wefox Group has secured a new $110m investment, just months after raising $125m for its Series B.
Zipari, a consumer experience platform for the health insurance space, has bagged $22.5m in a Series B round.
The Irish InsurTech 100 company Blink has unveiled Blink Parametric, a broad-based parametric insurance solutions platform to empower insurers around the world to bring the benefits of parametrics to their customers.
Tractable, which develops AI solutions for accident and disaster recovery, has collected $25m in its Series C round which was led by Georgian Partners.
DXC Technology, an end-to-end IT services company, has formed a partnership with health and wellbeing platform Springday.
Clareto, which acquires electronic health data for insurance underwriting, has partnered with clinical data normalisation platform Diameter Health.
The coronavirus pandemic has exposed a lot of problems with the way we do business. However, one of the biggest takeaways from the incident is the consumer’s desire for claims to be digital and touchless, according to a recent Insurance Nexus by Reuters Events Webinar.
The global cyber insurance market is expected to be worth around $28.6bn by 2026, growing at a CAGR of 24.9% from 2019, according to a study from Allied Market Research.
Qlaims, a property claims platform, has allegedly scored £2.3m in its seed funding round as it looks to enhance its technology.