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Despite the troubled global situation, the InsurTech sector managed to continue its yearly growth and hit a new record for annual investment volume.
The global InsurTech industry is expected to be worth $16.8bn by 2025 months after the sector enjoyed its best year yet.
InsurTech Koffie Labs has netted $4.5m in a venture financing round to fund the reinvention of the trucking and transportation insurance market.
Online pet insurance company Pawlicy Advisor has scored $6.5m in its Series A funding round, to support the growth of its team.
Online health insurance platform Oscar Health has filed for an initial public offering.
Marble, a digital wallet and loyalty platform for insurance, has closed its seed round on $2.5m.
UK insurers must take flooding risks seriously following Storm Christoph, InsurTech Previsico warns.
Global InsurTech companies raised $6.21bn out of which United States accounted for more than $3.8bn
InsurTech company Tractable is helping property and casualty insurer The Hartford leverage AI tools to accelerate auto claims, as part of a new partnership.