InsurTech

Cover Genius Raises $80 Million to Grow Embedded Protection Offering
Cover Genius Raises $80 Million to Grow Embedded Protection Offering
May 15, 2024  |  Investments

InsurTech Cover Genius has raised $80 million in Series E funding to grow its embedded protection offering. The company will use the fresh capital to...

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InsurTech Firm Cover Genius Taps Adyen for Payments Processing
InsurTech Firm Cover Genius Taps Adyen for Payments Processing
May 09, 2024  |  Partnerships

InsurTech firm Cover Genius has formed a new partnership with Adyen, tapping the FinTech as its latest payment processing partner. Through the collaboration, Adyen aims...

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Lemonade Sees AI Drive Efficiency as Insurance Goes Digital-First
Lemonade Sees AI Drive Efficiency as Insurance Goes Digital-First
May 01, 2024  |  artificial intelligence

Digital insurance platform Lemonade said its AI investments continue to bear fruit. The company’s latest shareholder letter — while reporting a 25% increase in total revenues and a...

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Life Insurance Agents Go Digital to Connect With Young Buyers
Life Insurance Agents Go Digital to Connect With Young Buyers
April 02, 2024  |  Insurance

In the age of smartphones and instant access to information, it’s no surprise that even the most traditional industries are undergoing a digital makeover. The...

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PayPal Ventures Backs $47 Million Fundraise for InsurTech Qoala
PayPal Ventures Backs $47 Million Fundraise for InsurTech Qoala
March 27, 2024  |  Investments

InsurTech Qoala has raised $47 million in a funding round led by PayPal Ventures and MassMutual Ventures.  The Series C round, announced Wednesday (March 27), will let the Malaysia-based Qoala expand its...

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Porch Group Earnings Show Resilience for InsurTech Category
Porch Group Earnings Show Resilience for InsurTech Category
March 07, 2024  |  Insurance

InsureTech companies are showing financial resiliency. After a February that featured 40 funding deals in the category, Porch Group, a leader in the homeowners insurance...

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Lemonade Chief Pushes Back Against Insurance Firm’s Doomsayers
Lemonade Chief Pushes Back Against Insurance Firm’s Doomsayers
March 03, 2024  |  Insurance

Digital insurance firm Lemonade says predictions of its demise have been greatly exaggerated. The company’s stock has fallen more than 70% since it went public in 2020,...

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AI Moves From GPS to Copilot for the Insurance Industry
AI Moves From GPS to Copilot for the Insurance Industry
February 29, 2024  |  Artificial Intelligence

In many ways, the insurance industry helped hone the algorithms behind artificial intelligence technology. From actuarial science, Bayesian statistics and generalized linear models, to cloud...

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Digital Overhaul in Insurance Benefits Firms Already Confident Using AI 
Digital Overhaul in Insurance Benefits Firms Already Confident Using AI 
February 28, 2024  |  Earnings

In the artificial intelligence (AI) race, some companies, and sectors, are starting on third base.  That’s because companies operating in technologically sophisticated sectors with deep...

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